In parts one, two, and three a narrative was formed around covert right wing activities stretching from the end of World War 2 up until the start of the War on Terror. In a nutshell, a giant horde of stolen riches known as the ‘Black Eagle Trust’ were used to fund a shadow American empire tucked under the meme of anti-communism.
At the end of the Cold War, a large number of ‘off-balance sheet’ securities were issued by banks such as UBS and Deutsche Bank against this wealth and funneled into the USSR.
In September 1991, George H. W. Bush and Alan Greenspan, both Pilgrims Society members, financed $240 billion in illegal bonds to economically decimate the Soviet Union and bring Soviet oil and gas resources under the control of Western investors, backed by the Black Eagle Trust and supported later by Putin who for the right price purged certain oligarchs.
After the Soviet Union fell, the cabal in possession of these resources made plans to cycle them into the legal economy and cover-up the dirty deeds that they were associated with. The original 10 year Brady bonds, set to mature in September 2001, were destroyed in the attack on the World Trade Center. The firm that held the securities was Cantor Fitzgerald, which suffered catastrophic losses including the death of every employee.
Under a suspension of regular rules by the SEC, the illicit bonds were cleared by the Bank of New York and added to the capital reserves of banks holding ‘Black Eagle’ gold including Chase, Citibank, Credit Suisse, HSBC, Deutsche Bank, and UBS. To obfuscate its trail, the money was quickly shifted into the mortgage market, where the demand for subprime loans would rise by $246 billion.
Loans that require little or no documentation of income soared to $276 billion, or 46 percent, of all subprime mortgages last year from $30 billion in 2001, according to estimates from New York- based analysts at Credit Suisse Group. Homebuyers with those loans defaulted at a 12.6 percent rate in February, compared with 1.5 percent of fully documented prime mortgages, said San Francisco- based First American LoanPerformance, a mortgage consulting group.
The global financial crisis, like the massive pyroclastic clouds flowing through the streets of New York on 9/11, has served as a smokescreen for the criminal syndicate which inherited Golden Lily’s loot to get away...
In parts one and two, an outline was given how trillions in stolen loot buried during the second world war were confiscated by intelligence officers and funneled into a covert action fund under the auspices of fighting communism. Still, the early riches recovered by Lansdale and his affiliates comprised no more than one-sixth of the total that was hidden.
Many of the 176 vaults in and around the city of Manila would not be dug out until much later. The president of the Philippines, Ferdinand Marcos, began excavating these in the mid 1970s.
After World War II, Ferdinand Marcos learned of gold recoveries in Luzon by some of his Ilocano constituents, and made a claim on them. Thereafter he made deals with Japanese to carry out joint recoveries. In 1975 he hired Nevada mining engineer Robert Curtis to excavate a major loot burial site at Teresa... this site was worth around $190 billion. Curtis figured out the Japanese map codes and excavated half the site, from which Marcos removed the contents. Curtis built Marcos a smelting factory at Subic Bay to recast the gold and disguise its metallurgical fingerprint, so that the bullion could be moved into the world gold market without arousing suspicion about its provenance.
Marcos personally obtained $14 billion from the excavation, which was moved into Swiss accounts. In addition to his wealth, he counted several well-known Americans among his friends, including the governor of California.
Certainly in 1980, Marcos was in Reagan's camp. They had been friends for years, since 1969 when President Nixon assigned Reagan to represent the United States at the gala opening of Imelda Marcos's multi-million-dollar cultural center in Manila. Reagan charmed the Philippine president and his wife as the former beauty queen danced with the former actor.
In 1980, Marcos also was annoyed by Carter's nagging about human rights and frightened by Carter's inability to protect another despot, the shah of Iran, from ouster and a humiliating exile. As U.S. president, Reagan would drop the human rights lectures, look the other way on Marcos's renowned corruption, and defend Marcos as an important Asian ally. Vice President George Bush would even toast Marcos for his "adherence to democratic principles."
Documentary evidence about the alleged Marcos-to-Reagan payoffs first surfaced after Marcos was ousted by a revolution in March 1986. As Marcos's fall neared, Reagan arranged for the dictator to be flown to Hawaii. Marcos's opponents then ransacked government files and found a Feb. 17, 1986, letter signed by a senior Marcos aide, Victor Nituda.
In the letter, Nituda warned Marcos that Reagan's emissary, Sen. Paul Laxalt, R-Nev., was demanding that sensitive files, including ones listing the 1980 transactions, be turned over to the Americans before Marcos could go to Hawaii. Nituda's letter specifically cited accounts set up for Reagan and his 1980 campaign manager William J. Casey, who, in 1986, was Reagan's CIA director.
Given the concurrent attempt to blackmail Tokyo over the Showa Trust, Reagan's advisors – particularly Casey – argued that Marcos had gone too far. The time had come to depose him, and in the process divest him of the mass of bullion he still had salted away. Casey swung into action. In the months that followed, People Power took to the streets of Manila, mobs demanding that Marcos step down.
As popular clamor increased in the streets, Casey is said to have flown to Manila with Treasury Secretary Regan, CIA economist Professor Frank Higdon , and attorney Lawrence Kreagar. The purpose of the meeting, according to a Marcos aide, was to convince Ferdinand to turn over 73,000 metric tons of gold. Casey and Regan were giving Marcos a last chance. Regan reportedly told Marcos that he must sign over the gold in return for 80 percent of the value in U.S. Debt instruments, 20 percent in cash. Sensing that the end was nigh, Marcos wanted 80 percent in cash, only 20 percent in debt instruments. When haggling proved fruitless, Professor Higdon is said to have told Marcos he would be out of power 'in two weeks'. Indeed, weeks later Marcos was in Hawaii, effectively under house arrest.
George W. got into the act in March 2001, sending Navy SEAL commandos to the Philippines to recover a portion of General Yamashita's gold. Bush was privately in the market to buy some of the bullion that was being recovered. His representative was William S. Parish, his nominee as ambassador to Great Britain, and the manager of his blind trust.
As the Fall of 2001 approached, Junior faced a conundrum. The enormous trove of 10 year bonds which his father had covertly borrowed to flush out the Soviet economy in 1991 were coming due. Yet, the collateral pledged against the notes were being held in the illegal Black Eagle Trust, sourced from stolen war loot. The secrecy of the funds could be compromised if they were used to pay off the securities, which were held by Cantor Fitzgerald in vaults beneath the World Trade Center.
According to an unofficial analysis based on documents released by the Office of Naval Intelligence, this circumstance may have provided a strategic rationale for the WTC attacks.
This ‘Black Eagle Trust’ would bankroll numerous secret actions taken by the U.S. throughout the second half of the twentieth century.
One of the hidden accounts, called the ‘M-Fund’, was used to purchase political influence in Japan. It allowed the country to illegally rebuild their army while the U.S. moved troops to Korea. Richard Nixon repeatedly dipped into the fund as vice president to buy influence in the region. As president in 1971, he sent $35 billion to Japanese Prime Minister Kishi, an indicted war criminal.
In addition to foreign activity, the black accounts were used to fund operations within the United States. Nixon’s Japanese fascist friends, elements of what would become the World Anti-Communist League (WACL), are believed to have participated in the Kennedy assassination. This event was part of the larger war on the American Left known as COINTELPRO. The WACL went on to back Latin American death squads under President Reagan.
However, the greatest achievement of the ‘Black Eagle Trust’ would come under his successor, President George H.W. Bush. He would reach the ultimate goal, destruction of the U.S.S.R.
In 1989 President George H. W. Bush began the multi-billion dollar Project Hammer program using an investment strategy to bring about the economic destruction of the Soviet Union including the theft of the Soviet treasury, the destabilization of the ruble, funding a KGB coup against Gorbachev in August 1991 and the seizure of major energy and munitions industries in the Soviet Union. Those resources would subsequently be turned over to international bankers and corporations…
Project Hammer was staffed with CIA operatives and others associated with the National Security apparatus. Covert channels were already in place as a result of other illegal Bush activities. Thus, it was a given that the project would use secret, illegal funds for unapproved covert operations, and that the American public and Congress would not be informed about the illegal actions perpetrated in foreign countries. The first objective was allegedly to crush Communism, a growing political philosophy and social movement that was initially funded by the usual group of international bankers who now supported their demise. To this end, the "Vulcans" under George H. W. Bush, waged war against the Soviet Union…
During the process of accomplishing the main objective of destroying the Soviet Union, the operatives made massive profits. In September 1991, George H. W. Bush and Alan Greenspan, both Pilgrims Society members, financed $240 billion in illegal bonds to economically decimate the Soviet Union and bring Soviet oil and gas resources under the control of Western investors, backed by the Black Eagle Trust...
Herein lays the rub. With the removal of the world’s greatest purveyor of communism, the mission of the ‘Black Eagle Trust’ was complete. Nevertheless, it would be necessary to cover up its existence. Records of the Brady bonds, borrowed against illicit holdings, remained in the offices of Cantor Fitzgerald in New York City.
From early 2000 to June 2001, several workshops were held between the Naval War College and Cantor Fitzgerald at the top of the North Tower to discuss “globalization’s future and the threats that could derail it” One day before the 10 year bonds reached maturity, the attack on the trade centers struck directly below Cantor, killing all of its employees and destroying all documents.
The final step to bury evidence of the great stolen treasure was to target outsiders who had touched the Black Eagle Trust. The CIA had used money laundering schemes through dictators such as Saddam Hussein and dirty banks like the B.C.C.I. With the advent of the War on Terror, every rogue agent affiliated with the trust could be targeted...
One of the darkest episodes of the second world war was the brutal slaughter of 30 million people in East Asia by the Japanese. The death rate of Allied POWs in this region was a staggering 30% (more than 7x higher than the death rate in Nazi camps). Yet, there is little discussion today of these war crimes. In fact, every member of the imperial family was exonerated. Why were Japanese royalty let go, while Germans were prosecuted? The grotesque answer lies with riches that were looted from the Chinese, Koreans, and Burmese during the conflict.
When Allied forces blockaded the Japanese, much of their stolen treasure was buried in the Philippines. Upon their surrender, General Yamashita was taken into custody along with his surrogates. His driver, Major Kojima Kashii, was tortured to reveal the booty’s location.
Since Yamashita had arrived from Manchuria in October 1944 to take over the defense of the Philippines, Kojima had driven him everywhere. In charge of Kojima’s torture was a Filipino-American intelligence officer Severino Garcia Diaz Santa Romana, a man of many names and personalities, whose friends called him ‘Santy’. He wanted Major Kojima to reveal each place to which he had taken Yamashita, where bullion and other treasure were hidden.
Supervising Santy, we learned, was Captain Edward G. Lansdale, later one of America’s best-known Cold Warriors. In September 1945, Lansdale was 37 years old and utterly insignificant, only an advertising agency copywriter who had spent the war in San Francisco writing propaganda for the OSS. In September 1945, chance entered Lansdale’s life in a big way when President Truman ordered the OSS to close down. To preserve America’s intelligence assets, and his own personal network, OSS chief General William Donovan moved personnel to other government or military posts. Captain Lansdale was one of fifty office staff given a chance to transfer to U.S. Army G-2 in the Philippines. There, Lansdale heard about Santy torturing General Yamashita’s driver and joined the torture sessions as an observer and participant.
Early that October, Major Kojima broke down and led Lansdale and Santy to more than a dozen Golden Lily treasure vaults in the mountains north of Manila, including two that were easily opened.
$100 billion in wealth (in 1945 prices) was estimated to be buried in the Philippine hills, including tens of thousands of tonnes of gold. Adjusted for inflation, its worth is valued at about $3 trillion. After being briefed of the situation, the Truman administration decided to keep the treasure a state secret. The loot would be funneled into a covert political action fund to fight communism. It was called the Black Eagle Trust.
According to [CIA Deputy Director] Ray Cline and others, between 1945 and 1947 the gold bullion recovered by Santy and Lansdale was discreetly moved by ship to 176 accounts at banks in 42 countries. Secrecy was vital. If the recovery of a huge mass of stolen gold became known, thousands of people would come forward to claim it, many of them fraudulently, and governments would be bogged down resolving ownership. Truman also was told that the very existence of so much black gold, if it became public knowledge, would cause the fixed price of $35 and cause the fixed price of $35 an ounce to collapse...
Documents do show that between 1945 and 1947 very large quantities of gold and platinum were deposited in the world’s biggest banks, including Union Banque Suisse and other Swiss banks, which became major repositories of the Black Eagle Trust.