Post from Tio Moreno
- We have not taken out any loans yet because of COVID-19.
- There is no other country in the world that is debt-free. Economic powerhouses have debts that are bigger than their GDP.
- Our foreign loans are much smaller now compared to the time of President Aquino.
- Our China loans are minuscule compared to our loans from Japan, Korea, and other institutions.
- Again, no country can survive without credit.
