Compiled some videos I found in Youtube. So sad I was busy before the elections. Oh well.
Posts later. Busy making an exam to brighten the future of the young.
Compiled some videos I found in Youtube. So sad I was busy before the elections. Oh well.
Posts later. Busy making an exam to brighten the future of the young.
Ooooh found this lying around. Reposting and spreading. So is this a brown VS yellow? You decide! I think the picture is self explanatory for me.
If not then the following links might be worth reading.
The history of Hacienda Luisita <—- a must read! wait let me repost the good parts instead
Aug. 27, 1957—Central Bank Monetary Board issues Resolution No. 1240 approving Cojuangco’s loan to pay Manufacturers Trust in New York, which extended a loan to purchase Hacienda Luisita. The CB resolution says, “There shall be a simultaneous purchase of Hacienda Luisita with the purchase of the shares, with a view to distributing this hacienda to small farmers in line with administration’s social justice program.”
Nov. 27, 1957—The Government Services Insurance System approves a loan of P5.9 million for the Cojuangcos through Resolution No. 3202. The GSIS loan was approved after Cojuangco told the GSIS in a letter that the Cojuangcos’ acquisition of Luisita would “pave the way for the sale to bona fide planters on a long-term basis, portions of the hacienda.”1976—Period when the Cojuangcos should have made good on the condition of the loan agreements they signed with CB and GSIS to distribute and sell the land to farm workers through affordable terms.
To make it short, Cojuangco bought the land using money loaned from Central Bank and GSIS with the promise that the land will be distributed to the farmers of Hacienda Luisita after 10 years. 1976 was the supposed date of distribution but take a look at this part of history
June 22, 1978—Demetria S. Cojuangco writes then Ministry of Agrarian Reform Deputy Minister Ernesto Valdez, saying it was “extremely unwarranted to make us account for the fulfillment of a condition that cannot be enforced … there are no tenants in Hacienda Luisita … the Central Bank resolution does not indicate the small farmers … the hacienda is outside the scope of any land reform program of the government … there is no agrarian unrest in Hacienda Luisita.”
No tenants? Small farmers not included? See how everything is twisted in the history of Hacienda Luisita. IMPORTANT NOTE, nowhere is it mentioned that Cojuangcos paid the loan from Central bank and more importantly GSIS. 5.9 Million is a LOT OF MONEY during the 1950′s!
Read more here The history of Hacienda Luisita
And also don’t forget!