Underground Knowledge — A discussion group discussion
YAMASHITA'S GOLD (WW2 COVER-UP)
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The Marcos Family Fortune
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My research wasn't done out of any particular personal interest in the Marcos'; but I needed background on their reign for a story I'm writing.

Who is Karen Hudes?
Karen Hudes studied law at Yale Law School and economics at the University of Amsterdam. She worked in the US Export Import Bank of the US from 1980-1985 and in the Legal Department of the World Bank from 1986-2007. She established the Non Governmental Organization Committee of the International Law Section of the American Bar Association and the Committee on Multilateralism and the Accountability of International Organizations of the American Branch of the International Law Association.



Excerpt:
"Everything really hinged on the Marcos gold bars. The Trilateral Commission, through its chairman David Rockefeller, and member George Schultz, were convinced that they had been conned by President Marcos. This being so, the Trilateralists did everything to pressure him, to destabilize his one-man rule, cut his source of funding, and even blackmail him (the Dovie Beams affair). A part of the globalists' notorious activities were documented by David Smith of the U.S. based Newswatch magazine, in August 1987: 'Representatives from Indonesia and the Philippines went to Jonathan May (ex-World Bank head) and stated that agents from the Chase Manhattan Bank and other banks said they would 'forgive' the loans and interests if the following were met:
1) Eliminate their National Currency;
(2) Dollar-denominate their new money system;
(3) Use a debit card system instead of a currency system;
(4) Give the bankers perpetual rights over all natural resources.
Ferdinand Marcos of the Philippines ''REFUSED'' to accept and was deposed very shortly thereafter."

Imee (Marcos): No negotiations yet on return of gold, loot http://www.philstar.com/headlines/201...
Marcos family offering to return assets, gold: Duterte http://www.straitstimes.com/asia/marc...
Duterte looking into ‘best’ way of retrieving Marcos wealth http://www.sunstar.com.ph/manila/loca...
Read more: http://www.sunstar.com.ph/manila/loca...
And...non-Undergrounders keep believing financial minions like Bill Gates and others on the Forbes Rich Lists are really the wealthiest people on Earth...Keep in mind the above articles, although quoting hundreds of billions of dollars, are a tiny percentage (less than 1%, according to my research) of the overall Marcos fortune (most of which remains in Swiss/Belgian bank accounts).
Ferdinand Marcos
Imelda Marcos
Children: Bongbong Marcos, Irene Marcos, Imee Marcos

Former Philippine President Ferdinand Marcos is another individual strongly rumored to have profited from the black market. As mentioned in chapter 6, many who have investigated Marcos, including politicians in the current Philippine government, say much of his wealth was secured from discoveries of Yamashita’s Gold. As the existence of those treasures was never acknowledged by any government, it’s conceivable President Marcos could have amassed a large fortune impossible to trace or estimate. Some investigators say his secret bank accounts amounted to trillions of dollars.
If this sounds totally unbelievable, consider the television interview Imelda Marcos gave in 2009 for the BBC TV travel series Explore. While being filmed inside her lavish home in the Philippines, Imelda told BBC presenter Simon Reeve that her late husband was heavily associated with gold mining companies and also traded in gold. The former First Lady then presented Reeve with an official document. Although she would not allow the document itself to be filmed, Reeve confirmed it was a Certificate of Deposit made by Ferdinand E. Marcos in a bank in Brussels, Belgium, for the amount of Nine Hundred and Eighty Seven Billion United States Dollars. For those who don’t have a good math brain, that’s only 13 billion short of a trillion bucks.
If true, this sum in Marcos’ Belgium bank account alone would be almost 13 times more than Bill Gates’ total current fortune. The legacy of the former president becomes even more staggering when considering that this was just one of his bank accounts; the Philippine government has confirmed through investigations of its own that Marcos had many such secret accounts in banks all over the world.


Books mentioned in this topic
The Marcos Dynasty (other topics)The Orphan Conspiracies: 29 Conspiracy Theories from The Orphan Trilogy (other topics)
Asian Loot: Unearthing the Secrets of Marcos, Yamashita and the Gold (other topics)
The Marcos Dynasty (other topics)
The Orphan Conspiracies: 29 Conspiracy Theories from The Orphan Trilogy (other topics)
Authors mentioned in this topic
Sterling Seagrave (other topics)Ferdinand Marcos (other topics)
Imelda Marcos (other topics)
Imelda Marcos has said repeatedly over the years that her deceased husband and former President of the Philippines, Ferdinand Marcos, gained much of his considerable personal fortune by looting riches from various Yamashita treasure locations.
For example, Manila-based newspaper The Bulletin ran an article on February 3, 1992, with the headline Marcos widow claims wealth due to yamashita treasure. The article states “Imelda Marcos today claimed for the first time the basis of her late husband’s wealth was Japanese and other gold he found starting at the end of World War II.”
Imelda told the newspaper, “From what I heard and I was told, the late President Marcos went to the United States in 1945 to sell some of the gold.”
In addition to Imelda’s statements, numerous investigators believe there was a joint venture between President Marcos and the US intelligence community who, it seems, had developed gold rush fever. It has been claimed Marcos arranged for CIA aircraft and even US Navy warships to transport the bullion into a worldwide network of offshore banks in various tax havens.
After Ferdinand Marcos was overthrown in 1986, the Philippine Government began an enquiry into Marcos’ activities undertaken during his term in power. Known as Operation Big Bird, its goal was to recover the rumored tens of billions in secret assets of Ferdinand and Imelda Marcos, which apparently included scores of Swiss bank accounts.
On April 7, 2013, beneath the headline Secret accounts, Manila’s The Philippine Star newspaper reported that Operation Big Bird failed to uncover the Marcos billions as they were too creatively stashed away in Swiss bank accounts. The Marcos’s had used a combination of pseudonyms and nameless, number-only Swiss accounts to make their fortune almost impossible to uncover.
The Philippine Star article also mentioned that the couple’s daughter, Imee Marcos, was embroiled in a new tax haven scandal.
Ongoing investigations showed she held “secret accounts” in the British Virgin Islands, a tax haven known for ironclad bank secrecy. The article went on to speculate whether Imee’s accounts were a residue of her parents’ controversial empire.