After the series of failed attempts to unseat the highly unpopular incumbent Philippine president through the withdrawal of support by former political allies and select cabinet members, augmented by street protests by militants and malcontents, the botched legislative route via the impeachment process, the unsuccessful stab to get members of the Catholic Church to demand her resignation and now, the persistent clamors for military interventions, Brig. General Francisco Gudani, assistant superintendent of the Philippine Military Academy and Col. Alexander Balutan assistant commander of PMA cadets expose at the Senate aims to highlight the crevice within ranks of the Armed Forces of the Philippines and possibly inspire an EDSA I type of ‘mutiny’ with the latter two as figureheads. Stated differently, Brig Gen Gudani and Balutan are providing themselves as an alternative to the Ramos-Enrile EDSA I tandem to the proposed regime ‘change’.
Their sensational appearance at the Senate has apparently failed to present any direct evidence damning the incumbent, with most of the allegations mostly based on hearsay evidence. In short, nothing more than sound bytes.
However, we will have to see whether this politicization within the ‘isolated’ ranks of the military organization will drawout more reluctant or shadow supporters and snowball into a much ballyhooed ‘last straw’ to successfully unseat PGMA.
So far the financial markets have relatively ignored the impacts based on the movements of the Peso (moved higher) and the slight decline of the heavily foreign supported Phisix as of Wednesday September 28th.
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