As we were saying: Let’s buy Spain.
Attention: Director of Museo del Pradao. Send this painting to our house immediately.
A couple of weeks ago I heard two random pieces of information that stuck in my head.
The first was that Spain, like Greece and some other European nations, is in the grip of a recession and its unemployment rate is a shocking 25 percent.
The second was that the Philippines is now a creditor nation. We’ve lent a billion dollars to the International Monetary Fund. The international media has noted that while many economies are struggling, ours is doing pretty well. Pundits say the Philippines is one of the breakout economies of the next decade, and “Asia’s perennial underachiever is outperforming.”
Then it occurred to me that these two random bits may be connected. They need money, we have money, their real estate prices are plummeting…
Let’s buy Spain.
1. We can afford it.
1.1. Thanks to our Army of World Domination—the overseas Filipino workers who send money home every month—we’ve got funds.
1.1.1. They laughed at us because we were willing to take the jobs they didn’t want to do in their own countries. Some of them even used “Filipina” as a synonym for maid/domestic helper.