You can definitely see it coming. Huge throngs of people leaving the country, seeking greener pastures abroad. You see large numbers of families scraping everything they can find just to survive. Middle class families are drastically changing their lifestyles to fit their ever decreasing budgets. On the extreme side, you see normal poor families turning into neurotic ones, frustrated because they can't feed themselves properly.
One obvious good from all these is the blossoming of the entrepreneurial spirit. Just go around Metro Manila, and you'll see literally thousands of small nooks, eateries and what-have-yous scattered almost everywhere. The Filipino is finding their own solutions to the problem of the purse. Yet, with the national economy going to the bunker sooner or later due to serious attacks from the depressed global economy, we might see a further escalation of this deep seeded frustration in the next few months.
What's the solution? A change of governance before 2010 could change all these. What we need is a drastic change that would prop the people's morale up. Without a political solution soon, we may yet find the people resorting to their own extra-constitutional means to lift themselves up from damnation