What Happened to the Marcos Millions?

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Jonathan Bryant
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What Happened to the Marcos Millions?

Post by Jonathan Bryant » Sat May 07, 2016 9:32 am

http://www.theguardian.com/world/2016/m ... are_btn_tw
Over the following nine years, an estimated 34,000 trade unionists, student leaders, writers and politicians were tortured with electric shocks, heated irons and rape; 3,240 men and women were dumped dead in public places; 398 others simply disappeared. With total power over politics, the president closed in on the country’s wealth.
The period in question starting in 1972 and therefore includes the 1978 Karpov-Korchnoi match in Baguio.

But the CIA refused to disclose what they knew. The Japanese government made it clear to Aquino that they were not going to hand over information, and aid packages could be in jeopardy if the PCGG pushed too hard. In the UK, Margaret Thatcher’s government said it was “not our business”.

The problem for these governments was that they had turned a blind eye while their companies had waded into the muck alongside Marcos – taking his money without asking where it came from.

Not asking questions about money hardly unheard of in the chess world either (http://streathambrixtonchess.blogspot.c ... o-pay.html)

John McKenna

Re: What Happened to the Marcos Millions?

Post by John McKenna » Sun May 08, 2016 1:56 am

Thanks for pointing out that Guardian piece, Jonathan.

A potted historical background -

3rd century CE, the inhabitants of Luzon island in contact and trading with East Asian sea-farers and merchants including the Chinese.

1380, Muslim Arabs arrived at the Sulu Archipelago and established settlements. They introduced Islam in the southern parts of the archipelago including some parts of Luzon.

1400s, the Japanese established a trading post in Northern Luzon.

1521, Ferdinand Magellan, Portuguese explorer, serving the Spanish crown, landed at Samar Island on his voyage to circumnavigate the globe. (He was killed during a rebellion on Mactan Island.)

[Spain continued to send expeditions for financial gain and on the fourth expedition, Commander Ruy Lopez de Villalobos, named the islands: Philippines, after Prince Philip (later King Philip II), heir to the Spanish throne.]

1898, during the Spanish-American war, which started in Cuba, the U.S. Navy attacked the Spanish Navy in Manila Bay. The Philippines was ceded to the United States after a payment of US$ 20 million to Spain in accordance with the "Treaty of Paris" ending the Spanish-American War. (Spain had ruled the Philippines for 356 years.)

1901, William Howard Taft, later Pres. Taft, appointed as the first U.S. governor of the Philippines.

1916, U.S. passed the Jones Law establishing an elected Filipino legislature, House of Representatives & Senate.

1917, Ferdinand Marcos was born in Sarrat, the Philippines, on 11th Sept. He went on to study law at the University of the Philippines.

1934, the Tydings-McDuffie Act was passed by U.S. Congress, it established the Commonwealth of the Philippines and promised Philippine independence by 1946. The law also provided for the office of President of the Commonwealth of the Philippines.

1935, in the May 14 elections, Manuel L. Quezon won the office of President of the Philippine Commonwealth.


That's all for now.
Last edited by John McKenna on Sun May 08, 2016 2:06 pm, edited 1 time in total.

Jonathan Bryant
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Re: What Happened to the Marcos Millions?

Post by Jonathan Bryant » Sun May 08, 2016 8:13 am

Impressive

John McKenna

Re: What Happened to the Marcos Millions?

Post by John McKenna » Sun May 08, 2016 1:49 pm

I was impressed by the Guardian's willingness to rake over the old coals and show that under the cover of the hanging smoke, buried in the ashes, the embers of the Marcos regime still glow, and may soon burst back into flame.

The essential oil for political movements is, of course, money for the greasing of palms, so where the remaining bulk of the Marcos family fortune is hidden is of paramount importance. Yet, as the article explains, even after many years of dedicated effort by successive governments of the Philippines most of it remains unaccounted for and unrecovered.

There follows a second part of my chronology of the Philippines - one of the few places in the world not already organised into a state by the time European Imperialism and Colonialism reached it in the 16th c.

It may go some way towards helping to understand the actions of Ferdinand Marcos after he came to power postwar, since he would have been very aware of what happened in his country during WW II and had an Imperial Japanese model to copy -

In the late 1930s, Democratic Pres. Franklin D. Roosevelt was only too glad to to get rid of Republican Gen. Douglas MacArthur - sending him to the American-controlled Philippines with responsibility for the readiness of American and Filipino troops.

On 22nd Dec. 1941, two weeks after attacking Pearl Harbor, the Empire of Japan invaded the Philippines. In Feb. Gen. MacArthur received a $500,000 award from Pres. Quezon for his "magnificent defence" of the Philippines. Gen. MacArthur violated US military regulations by accepting it. (Pres. Roosevelt knew of the award but did nothing about it.)

In March 1942, Gen. MacAthur and Pres. Quezon fled the Philippines, before the fall of Bataan in April and Corregidor in May, which resulted in the surrender of American and Filipino forces, by US Gen. J. Wainwright.

Historian Gavin Long, "MacArthur's leadership had fallen short of what might have been expected... "
Historian Ronald Spector, "MacArthur might have justifiably been relieved (of command)".

Instead MacArthur became a hero and a legend... lionised by the American press as "the Lion of Luzon", Roosevelt awarded him the Medal of Honor for "the heroic conduct of the defensive and offensive operations of the Bataan Peninsula", which he had visited only once, briefly, during the invasion.

In early May 1942, 5 months after Pearl Harbour, the Empire of Japan controlled most of East Asia. Despite this military tactical success the ensuing economic strategy was a disaster - unemployment, inflation, hoarding and hunger all rose dramatically. Rice became as precious as gold.

[The only way Japan could continue to finance its war effort was to loot and plunder the lands it had conquered. Banks were plundered, factories stripped, temples, churches and mosques looted of their priceless relics, museums and wealthy homes relieved of their treasures. Most of the items made of gold were melted down and turned into bars and ingots, except for some of the priceless objects such as the solid-gold Buddhas, which represented a 1,000 years worth of accumulated wealth for the leading sects.]

Until the end of 1942 the 'proceeds' from SE Asia were accumulated in Jakarta, Rangoon, Penang and Singapore then shipped to Manila en route to Japan. Merchant ships painted to resemble hospital ships were used to transport it.

In early 1943 a US submarine blockade of Japan became effective , which meant a huge quantity of looted treasure was unable to move from the Philippines to Japan. It was trucked from the warehouses of Manila Bay and hidden in the catacombs of the old Spanish forts on the eastern edge of Manila.

In April 1943 in the Indian Ocean, off the island of Madagascar, the Japanese I-29 and German U-180 submarines rendezvoused to effect an exchange of passengers and cargo. Several tons of gold were included, to cover the cost of German technology destined for Japan. Other Japanese bullion shipments were made by submarine to Europe and South America and deposited in overseas branches of Swiss banks.

In June 1944, a few weeks after the D-Day landings in Normandy, a large Japanese submarine, the I-52, was sunk by US aircraft in the Bay of Biscay as it made its way to the huge German submarine base at Lorient on the French coast. Included in its cargo, of roughly 100 tons, was 2 tons of gold to pay for a return shipment of German war materials and technology.

[In mid-May 1945 the German submarine U-234. en route to Japan, obeyed the general order to surrender and was escorted to naval base of Portsmouth, New Hampshire, by the US Navy. Included in her 240 tons of valuable cargo were a Me 262 jet fighter (crated in parts that were later assembled and then flown by the Americans), and 10 cases of uranium oxide - weighing a total of 560 kg. - consigned to the Imperial Japanese Army. It has been written that the radioactive material, if mixed with dust or ash and packaged with conventional explosives, could have been made into 'dirty' nuclear bombs for use in the defence of the Japanese home islands in the event of their invasion.]

By early 1945 the forces of the returning hero, Gen. MacArthur, secured control of the Philippines, which were to be the main base from where an army of 5 million troops would invade Japan in Nov.

On 10th Aug. 1945 after the two atomic attacks, on the cities of Hiroshima & Nagasaki and the declaration of war (at the behest of Roosevelt & Churchill) on Japan by Stalin's USSR - despite an existing neutrality treaty - the Empire of Japan announced it would cease fighting and surrender. The Emperor of Japan confirmed this in an unprecedented public radio broadcast to the nation on 15th Aug. 1945, officially ending WW II.

On July 4, 1946 the Commonwealth of the Philippines was given its independence by the USA and the Republic of the Philippines was born.


Ferdinand Marcos later claimed, when running for political office, that he had been active as an officer in the anti-Japanese Filipino forces. US archives fail to lend support to his claim of being very 'active'.
Last edited by John McKenna on Mon May 09, 2016 12:42 am, edited 2 times in total.

John McKenna

Re: What Happened to the Marcos Millions?

Post by John McKenna » Sun May 08, 2016 8:27 pm

I started so I'll finish -

1946-47 Ferdinand Marcos was a technical assistant to Manuel Roxas, first president of the independent Philippine Republic.

1949-59 Ferdinand Marcos was a member of the Philippine House of Representatives.

1959-65 Ferdinand Marcos was a member of the Philippine Senate (and its president from 1963).

1965, Dec. 30th Ferdinand Marcos was inaugurated as President of the Philippines.

1969 Ferdinand Marcos became the first Philippine President to serve a second term.

1972, Sept. 21 President Marcos imposed martial law in the Philippines on the pretext that communists and subversives had precipitated a crisis.

1975 Marcos is said to have hired a Nevada mining engineer to excavate side tunnels in the catacombs under old Spanish Forts Bonifacio & Santiago in Manila.

1981, Jan. Marcos ended martial law but continued to rule and win elections to the presidency in a highly dubious manner.

1983, Aug. 21 opposition leader Benigno Aquino Jr. was shot dead on return from exile.

1986, Feb. 25, at US urging, Marcos went into exile in Hawaii, 'til his death in 1989.

1997 a Swiss court disclosed that a solid gold Buddha and a large quantity of gold bullion was in a Swiss bank vault, beneath Zurich's Kloten airport, held in Marcos family accounts.


I won't go any further since mention of the year 1997 reminds me that's when the dubious duo came to power in this country, and continued Thatcherism by any means available.

John McKenna

Re: What Happened to the Marcos Millions?

Post by John McKenna » Mon May 09, 2016 10:49 am

The Guardian on the current state of the elections in the Philippines makes gruesome reading -

http://www.theguardian.com/world/2016/m ... al-hopeful

Donald Trump sounds quite mild in comparison to the favourite.

John McKenna

Re: What Happened to the Marcos Millions?

Post by John McKenna » Tue May 10, 2016 8:53 am

Guess who won. (The answer is in red somewhere in the link below.)

You know that things have reached rock bottom when dictators don't have to seize power by a putsch because it's easier to get elected.

There's one ray of sunshine, when last I heard, 'Bongbong' Marcos was involved in a recount with Leni Robredo -

http://www.morningledger.com/philippine ... o/1371076/

John McKenna

Re: What Happened to the Marcos Millions?

Post by John McKenna » Tue May 10, 2016 2:11 pm

... U.S. naval officials believe China has plans to start reclamation and construction activities on Scarborough Shoal, which sits further north of the Spratlys within the Philippines claimed 200 nautical mile (370 km) exclusive economic zone.

The move also comes as tough-talking city mayor Rodrigo Duterte looks set to take the Philippines' presidency. He has proposed multilateral talks on the South China Sea...
https://uk.news.yahoo.com/u-conducts-fr ... 37504.html

Jonathan Bryant
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Re: What Happened to the Marcos Millions?

Post by Jonathan Bryant » Wed May 11, 2016 6:53 pm

Coincidentally, I was idly thumbing through my copy of Bent Larsen’s Best Games yesterday morning when I came across a photograph of him accepting a first place trophy from Ferdinand Marcos himself (page 230)

page 225:
"It must be noted that it was none other than President Marcos who inaugurated the International Tournament in the Araneta Coliseum with the ceremonial moves against his special guest, the World Champion Bobby Fischer. Three weeks later the President would hold the prize giving ceremony at the Presidential Palace."

This was for Manilla 1973 - Bent scored 12.5 / 15.
He also returned in 1974 - 3rd place, 9/14
and 1975 - 2nd-5th 6/10

He mentions that he won $2,000 in 1974, the winner getting $5,000. Presumably that was quite a sum at the time.

John McKenna

Re: What Happened to the Marcos Millions?

Post by John McKenna » Thu May 12, 2016 1:11 am

The Philippines best player, prior to the rise and defection of Wes So, was -

GM (1974) Eugenio Torre, b. 1951 in Illcilo City.

1st place Manila 1976 (4-player double round) 4.5/6, ahead of Karpov 3, Ljubo 2.5 & Browne 2 (he defeated them all by 1.5-0.5!)

Candidate for the World Ch. in 1983 quarter-finals, he lost 4-6 to Ribli (+3,=6,-1) in Alicante

London 1984, he played in the USSR v. Rest of World on bd. 10 scoring +2,-1 v. Andrei Sokolov

I also think that he may have been the winner of the last Lloyds Bank tournament(?)

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Matt Mackenzie
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Re: What Happened to the Marcos Millions?

Post by Matt Mackenzie » Thu May 12, 2016 6:20 pm

He also now has the all time appearance record for Chess Olympiads IIRC.
"Set up your attacks so that when the fire is out, it isn't out!" (H N Pillsbury)