Philippine-China Trade and Investment Forum (Speech) 10/20/2016

Philippine-China Trade and Investment Forum (Speech) 10/20/2016

Brief Summary

The speaker discusses the differences between American and Oriental cultures, particularly in business dealings, expressing a preference for the latter. He shares personal anecdotes illustrating negative experiences with Americans, contrasting them with the perceived benefits of engaging with China. He criticizes American economic policies and foreign aid practices, highlighting a shift towards China for economic support and announces a separation from the United States, economically and militarily.

  • Cultural differences in business
  • Criticism of American economic policies
  • Shift towards China
  • Separation from the United States

Cultural Differences and Business Dealings

The speaker contrasts American and Oriental cultures, particularly concerning shyness, volume, and forwardness. He suggests Filipinos and other Orientals are more virtuous but less assertive than Americans. He advises caution when dealing with Americans in business, recommending Filipinos and Chinese to exclude them from talks to avoid spoiling deals. He expresses a preference for partnering with Filipino-Chinese individuals over Americans, claiming that partnering with Americans is a quick way to lose money.

Negative Experiences with Americans

The speaker recounts his personal experiences with Americans, including an incident at Miami airport where he was interrogated despite having a diplomatic passport. He expresses his dislike for Americans, citing their "idiotic arrogance". He also criticizes the American visa process for Filipinos, describing it as humiliating.

Critique of American Economic Policies and Aid

The speaker questions America's status as the most powerful industrial nation, pointing to its debt to China and trade imbalances. He criticizes American foreign aid, stating that despite millions poured into the Philippines, nothing has improved for the common people. He contrasts this with aid from Japan, Korea, and especially China, which he says comes without conditions and is more effectively used at the ground level.

Shift Towards China and Economic Independence

The speaker explains his decision to shift away from America, citing the historical context of American invasion and subsequent lack of progress in the Philippines. He expresses a preference for borrowing from China due to their less stringent collection practices and stronger sense of friendship. He also mentions the issue of "5-6" lending, where Indian citizens lend money at high interest rates, exploiting Filipinos.

Announcement of Separation from the United States

The speaker announces his separation from the United States, both militarily and economically. He states that the Philippines will now depend on China and expresses confidence that the Philippines will reciprocate the help it receives. He justifies his stance by criticizing American mindsets and policies, which he believes are incompatible with Filipino values and interests.

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