00:00 As far as I know it was explained to me by the proponents they want to hit it before July
00:07 July plebiscite
00:12 Oh, yeah, I confirmed that I confirmed that
00:28 Well, I love mocha sandy no more coming on that tells you that
00:31 It's not a particular. It's not a monopoly or it's not
00:37 It's not an initiative that of course, it's nice to
00:43 House initiative PI is a nice
00:46 headline
00:48 But basically you can you cannot do it
00:51 You have to still live by the spirit of the people's initiative as it's trying to the Constitution
00:57 That it is the people
00:59 Yes, majority of the votes
01:15 Correct
01:20 Yes, I saw that I saw that timeline
01:25 I
01:27 Know that July is a timeline
01:39 Why do I have to confirm something that I already know
01:49 That's what I'm saying, yeah, I I offered the word July D I did not refer to some but somebody's documents
01:58 No, I offer the word July
02:06 that during such discussion and explanation by the
02:11 proponents of the people's initiative
02:15 Bucket coming away in an elan know the issue here is the fact that
02:21 The the reckoning of the Constitution is by district
02:25 See I did not invent
02:29 So, how do you reckon now?
02:32 It is the Constitution that made the district as the point of reckoning not Congress
02:43 Yes, and since I believe I had oh my god, I've been in this Congress since 1998
02:50 I've always fought for
02:52 This is a painting that no
02:55 Latin charters you show now we started to break away downwards from the entire Asia in 1990 1987
03:05 Where we started falling behind
03:10 And I was an analyst in in the stock market and I know
03:15 Just how what happened to us because while
03:19 Everybody else opened up we closed
03:23 We closed further
03:27 Melomala basa Twitter na non-genuine 18-year-old to Tom Ion because in 1902 you my Democrats were so racist
03:34 They did not want to annex the Philippines
03:36 So they put all these restrictions for Americans to invest in the Philippines and it was carried into the 1935
03:43 Constitution and that was carried in the 1970s Russia and by the time
03:48 in
03:50 1987 did not the gun Panama's media now advertising education practice of professions
03:56 so
03:58 In short, in fact, we became the fourth most restrictive country in the whole world
04:04 And it's here. It's not by me. It's by the OECD
04:09 so the three top barriers to FDI's
04:13 The number one is foreign ownership restriction and this is by the OECD and in this country the restrictions
04:22 Okay, the manner restrictions are in the law
04:24 because at least
04:27 Once there is sufficient public
04:30 support or constituency
04:33 for a more liberal foreign direct investment
04:35 Regime then we can change the law, but the Constitution we have
04:41 358 attempts
04:43 So, I mean the facts we should be data-based we should be science
04:51 you
04:53 You
04:55 You
04:57 You
04:59 You
05:01 [BLANK_AUDIO]
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