1. Switching the unit you reserved for another one,
2. Copying an original with junk parts,
3. Getting a reservation rush then:
1 Getting you buy accessories
2. Get additional cash out
3 Get other conditions
That eventually you back out.
We experienced this:
1. We were led into an address and wonders of wonders, The same equipment was being brokered by two parties. One wanted us to see two units at location somewhere in Pampanga, the other one led us to Tipo at SBMA
2. The unit to be shown to us had a serious mechanical problem a blow by and was being overhauled when arriived
3. We were led to make a P50K reservation for one of the nice looking painted PC 30 unit. (Our total outlay for this was P930 unit + P60K breaker, + P25k
4. After we made the P50K we were talking about a P70K breaker (it is priced at P50K elsewhere) and said that was not included in the P50K reservation. Another reservation has to be made.
5. After two weeks, when we arranging for the financing, the owner of Y... J...n at Tupi was asking another amount for dp this time. We had 30 days to complete the financing
6. The unit was delivered one week after we made the full payment. Only AR was issued.
7 Up to now there is no delivery of equipment
The said outfit is populated by foreigners from P.....i beware of these shenigans
Fortunately for us we got another supplier for 20% at M...ba.for PC 40. That is with breaker. We would fit a rubber shoes for P40K we completed the DP last Thursday. Its almost 3 weeks and what did they do to the unit: they changed oil, oil and air filter. And even repainted the tracks. We hope
In one of the nego on a property besides our property, it was frequently mentioned that a former good senator now a head of vast business empire and reputed to be the richest Filipinos (before his accounting shenigan was discovered by a regulatory body of a public corporation) that that guy was going to buy that property this December.
This post mentioned to the one brokering the deal to stop talking to us if they are concluding the deal with the said good senator.
Now we know that such former senator whose stocks are suspended from trading would have dearth of liquidity. He built many parks, inflated the inventory price for the accounting hyper increase in valuation. But we are not sure of the inflow of sales. His retail outlets are said to be behind payments and paying suppliers in kinds: inventories. Could this be sign of liquidity challenges?
This post thought him to be the icon for entrepreneurship for a course being taught by the author (as prescribed in the syllabus) but eventually omitted him subsequently. He used creative techniques crossing the line to further his business (married a rich wife, used political clout to learn of future highways and buying into the same or causing highways to pass into his landholdings - that saved him billions in infrastructure; or having take outs in housing financing WHEN OTHERS GOT 0) It was said that the cause of the demise of a govt home financing was the multitude of ghost take outs.
Can he enter, or will he enter into a deal now.?
And now we were asking for updates if their sales has pushed through and they say it is a big 0.
Every minute a sucker is born (PT Barnaum). Let us not be one
We bought two parcels of land one 5000+ sm and another one for 2,000+ sm Now all of a suddent, somebody is saying there is a 3 m strip with 80 meters in length between the two properties No such area plan appeared in the original plan nor in the VSR that appeared.
We were scammed. What will be our remedies.? Though how much you practice due diligence, we can be scammed by greedy unscrupulous persons
The modern world has witnessed three agreements (scammed the other nations) events that could lead that contributed to US prosperity, but could to the end of US dollar dominance, and eventually the crash of the dollar. and loss of prosperity of USA:
1. The end of the petro dollar with KSA after 50 years
Brokered by Henry Kissinger in 1973; In exchange for the protection by US: armament, and US bases, KSA would require payment and pricing in US dollars. Thus countries would have to procure US dollars to buy oil. Thus US has to print plenty of dollars, enjoying an economic activity for which it has no equity. Furthermore, KSA has to invest its dollar hoard on US
treasury thus funding US easy life. This has gone for 50 years.
US exported inflation to KSA by printing more US dollars, It did not affect US then
Why is KSA no longer using USD in oil trade? Maybe there are all ready sour notes in relation
ship with US. Those who planned the 911 attacks were Saudis and there were many other causes
of friction
KSA has priced and accepted other currency for its oil trade: Euros, Chinese Yuan, USSR rubles
The rest of the world has other payment system as initiated by BRICS bypassing SWIFT. It also
took note of the weaponization of the dollar for sanctions as it did with USSR for Ukraine war
KSA also wanted to balance its trade with the rest of the world
Every minute a sucker is born (PT Barnaum). Let us not be one
From what this post has learned, when you buy gold you only get certificate of gold deposit. You do not get deliveries of physical gold. Perhaps a 5,000 units certificate are over a 1,000 on physical gold. And when you ask for delivery.....
That is why Germany and France (not 100% trusting US) took physical delivery of gold - their reserves from US. And thereafter, Pres Nixon in 1973 ended the pegging of dollar to gold as specified in the Bretton Woods agreement of 1944. The dollar was no longer gold backed. It became just a fiat, and its value depended on trust at US. Probably starting the end of US dollar as legal reserve for banks.
Not many countries think US is trustworthy now...
1. Its 38T dollar debt that many think cant be repaid;
2. Weaponizing the dollar as in the case of sanctions vs Iran and Russia
3. The harsh tariff being imposed by DT vs the world (fortunately US SC has ruled that DT
has exceeded his power by using an emergency law to dictate an economic policy
Every minute a sucker is born (PT Barnaum). Let us not be one
How do they scam you using your card that is activated by tapping. We all think that everything on line, on the net is legit. The more you should be careful (mfc technology)
Thieves no longer use knives or guns to take money forcibly from you: only a cellphone and a device. And your safe is your cellphone. They can scan hack your CC, Debit card from a distance
There was a hotel in Cebu which is notorious for having your CC hacked. After checking in that hotel, my CC reflected more than six number purchase in UK. I havent gone to London. Not interested in the Queen.
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