Meanwhile In The Philippines, There Is "Nothing Left To Loot"

Tyler Durden's picture




 

"We need help!" is the sad handwritten sign hanging outside a shuttered church in the Philippine town of Tacloban surrounded, as Reuters reports, by uncollected corpses and canyons of debris. Demand for relief is huge and despite 66 tons of supplies having landed since Saturday, they are not reaching those who need them the most as "people are roaming around the city, looking for food and water," because aid trucks from the airport struggle to enter the city because of the stream of people and vehicles leaving it. "People are angry. They are going out of their minds," warned one aid-worker as relief was delayed due to security concerns "there might be a stampede," after dark. The terrible state of affairs is summed up by on aid worker, "there is nothing left to loot... even if you have money there is no food to buy. There is nothing here." Police are trying to enforce a curfew...

 

 

Some context... (via @colinjones)

 

 

The Human Side...

(Via Reuters,)

Tacloban city administrator Tecson Juan Lim says the death toll in this city alone "could go up to 10,000."

 

At least a dozen U.S. and Philippines military cargo planes arrived on Monday, with the Philippine air force saying it had flown in about 60,000 kg (66 tons) of relief supplies since Saturday. But the demand is huge and the supplies aren't reaching those who need it most.

 

"People are roaming around the city, looking for food and water,"

 

...

 

Pedrosa, the government aid worker, said security concerns prevented supplies from being handed out after dark.

 

"There might be a stampede," he said.

 

The aid truck was guarded by soldiers toting assault rifles. "It's risky," said Jewel Ray Marcia, a Philippine army lieutenant who led the unit.

 

"People are angry. They are going out of their minds."

 

...

 

Earlier on Monday, said Pedrosa, soldiers fired warning shots into the air to stop people stealing fuel from a petrol station.

 

...

 

People were still emptying one warehouse of rice and loading it onto carts and motorcycles. No police or soldiers stopped them.

 

A handwritten sign pinned to a makeshift police checkpoint near a looted department store warned of an 8 p.m. to 5 a.m. curfew.

 

But there is another reason the looting had abated.

 

"There is nothing left to loot," said Pedrosa.

 

...

 

Officials attribute the high death toll to the many people who stayed behind to protect their property and were swept away in a storm surge of water and lacerating debris.

 

...

 

"My house just dissolved in the water," she said.

 

Saraza now struggles to feed her children.

 

...

 

"My house is destroyed," he said. "Even if you have money there is no food to buy. There is nothing here."

 

The Costs...

(via Bloomberg)

Philippine President Benigno Aquino declared a state of calamity to speed aid to communities ravaged by super Typhoon Haiyan

 

...

 

The government has 18.7 billion pesos ($429 million) to fund reconstruction

 

...

 

The 18.7 billion pesos the president mentioned is probably just an initial amount because it’s not going to be enough,” said Jonathan Ravelas, chief market strategist at BDO Unibank Inc., the nation’s largest lender. “Given still low interest rates and huge amounts of liquidity in the domestic market, the government may consider selling bonds to fund the rebuilding.”

 

...

 

The state of calamity will “accelerate the efforts of the government to render aid and to rehabilitate the provinces ravaged by Yolanda,”

...

 

Haiyan’s total economic impact may reach $14 billion, about $2 billion of which will be insured, according to a report by Jonathan Adams, a senior analyst at Bloomberg Industries, citing Kinetic Analysis Corp.

 

Gross domestic product in areas hit by the typhoon may decline as much as 8 percent next year, Finance Secretary Cesar Purisima said in a mobile-phone message, citing preliminary estimates. The regions affected account for about 12.5 percent of the nation’s output, he said.

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Mon, 11/11/2013 - 21:07 | 4144218 knukles
knukles's picture

God help them.

 

Mon, 11/11/2013 - 21:11 | 4144234 brewing
brewing's picture

is it looting or surviving...

Mon, 11/11/2013 - 21:14 | 4144243 cougar_w
cougar_w's picture

It is not looting when the city is flat.

Mon, 11/11/2013 - 21:27 | 4144294 the misanthrope
the misanthrope's picture

it is not looting, which usually means 'goods taken from enemy' or 'illicit gains made by official'.

it is stealing.

Mon, 11/11/2013 - 21:41 | 4144342 ShrNfr
ShrNfr's picture

Uner the circumstances, salvage might be a better term.

Mon, 11/11/2013 - 21:52 | 4144384 cougar_w
cougar_w's picture

No sorry salvage doesn't carry nearly the proper level of snide self-righteousness.

Mon, 11/11/2013 - 21:58 | 4144409 Popo
Popo's picture

Very soon, the bankers will descend playing the role of saving angels while they lock the government into decades of debt servitude.  Poor bastards.  They'll jump straight out of the frying pan into the fire.

Mon, 11/11/2013 - 22:23 | 4144510 Stackers
Stackers's picture

Dont worry the government will help ..................... eventually ............. maybe

Tue, 11/12/2013 - 02:50 | 4145121 mkkby
mkkby's picture

Those poor people are behaving pretty orderly for "looters".  Compare that to wal mart customers in the hood.  I'll take Filipino looters over wal mart xmas shoppers any day.

Tue, 11/12/2013 - 11:51 | 4146042 TerminalDebt
TerminalDebt's picture

They should wait a bit, god will eventually help

Mon, 11/11/2013 - 23:15 | 4144696 saltedGold
saltedGold's picture

I'm sure they'll give them an excellent interest rate, you know, out of kindness over this disaster. 

Mon, 11/11/2013 - 23:47 | 4144788 Four chan
Four chan's picture

like haiti, people will donate billions to red cross and the un, and the victims will get hundreds of thousands.

Tue, 11/12/2013 - 01:55 | 4145047 Manthong
Manthong's picture

gee, it would be better if the eye hovered over downtown chicago for a few days.. or weeks..  or months.. or years.. or millennia..

..and the only thing better would be D.C.

Tue, 11/12/2013 - 02:00 | 4145052 walküre
walküre's picture

Here's the problem with bankers. They can't help. They create money from debt but other than that, they have no trade. Money is worthless in Tacloban right now. There is nothing to buy. Good luck exchanging paper for goods when the shit hits the fan here. Don't even get me started on virtual currency. You need food and supplies to last you a few very rough days. Stay away from crowds and live rather remote. That's my lesson here.

Tue, 11/12/2013 - 02:27 | 4145079 Manthong
Manthong's picture

good lesson...

Maybe there are some that wll trough it out during the rough days.

Tue, 11/12/2013 - 02:24 | 4145082 NoLongerABagHolder
NoLongerABagHolder's picture

I might be going out on a limb here...... but gold is pretty much worthless as well there right now. You think ANYONE would take your gold coin in exchange for drinkable water right now?

Tue, 11/12/2013 - 02:30 | 4145093 Manthong
Manthong's picture

lots of potable water in my neck of the woods..

not much tradeable  Au or Ag..  

hey heh...

Tue, 11/12/2013 - 00:46 | 4144932 The Heart
Mon, 11/11/2013 - 21:19 | 4144265 cougar_w
cougar_w's picture

Not to put too fine a point on it, but God just tried to destroy them. In the absence of any clear link to the science I think "act of God" is how these things are usually referred to.

Mon, 11/11/2013 - 21:46 | 4144360 hmmmstrange
hmmmstrange's picture

How do we know which god tried to destroy them and which one wants to help them? Before I start praying I need to get this straightened out. I don't want to do more harm.

Mon, 11/11/2013 - 21:51 | 4144376 cougar_w
cougar_w's picture

It's a lot worse than that. Around here you offend the wrong God, you get your ass junked. See all the red on my comment.

Look people, you can't have it both ways. Either it's all about God (pick one) or it ain't. And if it ain't ('tisn't) then it's about something else and for my purposes the something else is really really interesting. Enough so that I don't really care what God thinks about it.

Mon, 11/11/2013 - 21:59 | 4144407 James_Cole
James_Cole's picture

Warming oceans = bigger typhoons, don't need to bring gawd into it. 

http://www.ft.com/cms/s/0/ced08080-4ada-11e3-8c4c-00144feabdc0.html#slide0

Mon, 11/11/2013 - 22:01 | 4144423 JohnnyBriefcase
JohnnyBriefcase's picture

I'm chillin on the fence.

Mon, 11/11/2013 - 22:02 | 4144431 cougar_w
cougar_w's picture

God gets blamed for everything. That way, the righteous can go about their business as usual in full knowledge that so long as they are not smitten God must approve.

Tue, 11/12/2013 - 00:32 | 4144893 buckethead
buckethead's picture

Prayer is an act we can all contribute, and feel better about having done nothing of substance. 

 

It's like the fiat currency of good and noble deeds.

Tue, 11/12/2013 - 01:33 | 4145016 Buckaroo Banzai
Buckaroo Banzai's picture

Only a fool believes he can even begin to fathom the mind of God.

Tue, 11/12/2013 - 01:36 | 4145021 Flakmeister
Flakmeister's picture

And I think I see one coming now...

 

Edit: Still waiting for your explanation of the "Cornerstone Speech"....

Tue, 11/12/2013 - 02:15 | 4145072 Manthong
Manthong's picture

gee whiz..

not sure if a diety is involved ..

but pretty much knowing that ground level reality gives some certitude. 

Tue, 11/12/2013 - 12:04 | 4146089 Harbanger
Harbanger's picture

@ Buckaroo.  The answer for why this happens is clear in the Bible.  Satan is the ruler of the earth until the return of Christ.  He was cast down from heaven shortly after God created man.  It's stated in several places.  Here's just 2 that I can think of,

John 5:19, God's Word says that, "the whole world is lying in the power of the wicked one".

Satan is "the god of this system of things", in 2 Corinthians 4:4 ;

Tue, 11/12/2013 - 17:14 | 4147440 buckethead
buckethead's picture

Let me get this straight....

Tue, 11/12/2013 - 02:08 | 4145064 thisandthat
thisandthat's picture

Oh yeah, FT - good old reliable source...

Tue, 11/12/2013 - 08:38 | 4145435 ncdirtdigger
ncdirtdigger's picture

So when are you 'believers' going to give this 'global warming' god of yours a name?

Tue, 11/12/2013 - 09:24 | 4145530 Al Gorerhythm
Al Gorerhythm's picture

Vulcan.

Tue, 11/12/2013 - 10:53 | 4145795 SilverDOG
SilverDOG's picture

James_Cole

 

Somewhat amazing is the level of denial combat you receive.

Truth is often greeted as such; exceptionally so when truth is simplistic.

I do laugh in amazed disbelief at all of those who deny.

 

Earth was closest to the sun it will ever be last year and will take 26,000 years to return to apex.

June is when northern hemisphere has longest day.

July's end is the hotest weather of the year.

So... let us think... Earth has closest to sun year 2012.

I bet you next year will be even hotter considering ground and water worldwide is and                                              

will be warmer for next years summer start.

We are closer to the fire as a planet. This means we are closer to the solar system furnace. Any guesses as to the

results of placing anything closer to a heat source, you retards.

Mon, 11/11/2013 - 22:04 | 4144440 Quus Ant
Quus Ant's picture

Look people, you can't have it both ways. Either it's all about God (pick one) or it ain't.

So either God controls everything all the time or it/he/she does nothing?  Hmmm.... I'm going to have to really think about which of the two options you've given me would best suit my purposes.

And I didn't junk you.

Mon, 11/11/2013 - 22:25 | 4144522 cougar_w
cougar_w's picture

Either/or, that's right. The universe is very clear on this point.

Mon, 11/11/2013 - 22:28 | 4144534 Quus Ant
Quus Ant's picture

How did the universe divulge this information to you?  Or do I have to just believe?

Mon, 11/11/2013 - 22:39 | 4144567 cougar_w
cougar_w's picture

All in a flash. But in this case it's also okay just to believe.

Mon, 11/11/2013 - 23:06 | 4144671 Quus Ant
Quus Ant's picture

Spoken like a true man of the cloth. 

Mon, 11/11/2013 - 22:44 | 4144586 DaveyJones
DaveyJones's picture

cougar used to be a lobbyist

Mon, 11/11/2013 - 23:29 | 4144735 Dingleberry
Dingleberry's picture

How come the Japanese did not act like this after their tsunami?

Tue, 11/12/2013 - 02:04 | 4145057 walküre
walküre's picture

thanks. my sentiments exactly

so where is this god? oh, he's killing thousands and putting thousands more through extreme misery so that we can feel pity and have a reason to come together and help others? if that's god then it's a pretty sick dude or a calculating bitch.

Tue, 11/12/2013 - 10:52 | 4145807 Saro
Saro's picture

"God sends hurricanes to punish people; usually in hurricane-prone areas during hurricane season."

Mon, 11/11/2013 - 21:30 | 4144306 tmosley
tmosley's picture

He better, because Americans can't, anymore.  Our capital base is gone.

If the same thing happened here today, whatever city or cities were hit would probably be abandoned, despite being in better shape than New Orleans post-Katrina.  There is just nothing left to fund rebuilding.  The central bankers have stolen EVERYTHING.

Mon, 11/11/2013 - 22:04 | 4144445 max2205
max2205's picture

GS would love to float those trillion new bonds and short the peso too

Tue, 11/12/2013 - 10:55 | 4145816 Flakmeister
Flakmeister's picture

No, the corporate insiders stole everything...

Did Mitt Romney create $400,000,000 in wealth or did he loot it? Come straight now.... 

Cliffie, being an ideologue doesn't really suit you....

Mon, 11/11/2013 - 23:14 | 4144688 The Heart
The Heart's picture

"God help them."

Ditto.

Mon, 11/11/2013 - 23:56 | 4144811 Buck Johnson
Buck Johnson's picture

Did you see in the video at the 1:05 mark when the guy was talking the man and woman behind him.  The man to the right gestured to the woman to do something and she didn't do it and then he grabbed her and she went running inside.  Also it doesn't help that most of the cities and towns had buildings that essentially where built with just siding and thats it.  And thank you for the comparison of how big that super typhoon/hurrican was.  If something like that would have hit the US it would have caused major damage also.  It took up all of the country in the US.

Tue, 11/12/2013 - 01:07 | 4144968 Exponere Mendaces
Exponere Mendaces's picture

Interesting - even if you have money (or gold) there's no food to buy, because food has just exceeded the price of fucking shiny metals.

That doomsday scenario may play out much differently than you thought. You know, since we have such an ideal circumstance to draw upon.

Mon, 11/11/2013 - 21:17 | 4144222 Cognitive Dissonance
Cognitive Dissonance's picture

We are all just 3 meals away from chaos and despair. What have you done today to prepare.

<Mrs Cog says that if you do just one small thing each and every day you'll be amazed how quickly it all adds up. Preparation is not an action, it's a mindset.>

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