Analysts say that the dollar-peso exchange may just hit $1=P40 by the end of the year...DAMNIT!

I'm no OFW but I'm one of those people who earn in dollars and receive the converted currency remittances from banks. Its so freaking irritating to have to take on more work just to achieve the income boundary I set for myself every payday.

It wouldn't be so bad had that boundary been set on a whim, but I actually put in some time calculating just how much i have to make every payday just so there'll be a little left over for savings after all the bills and other necessities have been paid.

I've been chatting with some people who live on money sent by their OFW relatives and even they are finding it hard to make ends meet.

 Say for example their living allowance per month is at $300 in the earlier part of this year, at an exchange of say P48:$1, that would bring in roughly around P14,400. At today's exchange of P41.50, that amount dips down to P12,450. And honey, P2K+ can be a big deal.

The government is making an ass of itself claiming the economy is getting better as the result of their efforts. One, the dollar really is suffering at the moment in the world market, and two, it is the dollar remittances from OFWs who were forced to leave the country due to lack of good employment opportunities in the first place who are propping up the economy.

How can they honestly say the economy is improving when prices of things like oil and other necessities continue to rise, exporters are having a hard time maintaining profit lines and people are finding it harder and harder to stretch what money they make?

Can't the government exercise controls or something to buffer the financial effects of the up-tilted forex market on its citizens most of whom are dependent on the dollar remittances of relatives and employers abroad?

Perhaps some may say i'm being short-sighted about this and all seeing as the current FOREX rates is making paying off the national debt easier on the government...Quite frankly, i don't think a lot of people are very concerned about how the government manages these debts that basically go to projects done mostly in their own glorification. I don't particularly care about the "legacies" most government leaders make for their people as often I find them to just be self-serving.

What I do care about is how my family lives everyday and what "legacy" I will be able to leave my children. Selfish? maybe. Bet I'm not the only one thinking this though. I'm not that rich as to be totally altruistic or even philosophical about money matters.

As to those who may think I'm so "unpatriotic" or unsupportive of the government and other bull like that, to you I've got this to say: BITE ME.