Part 2: From Golden Lily to the War on Terror

In part one, it was revealed how $3 trillion in treasure plundered from Asia by Japan in the WW2 operation 'Golden Lily' was confiscated by the United States and funneled into a covert fund used by the CIA to fight communism.

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...

Related Posts

Part 1: Golden Lily: How the CIA Funded a Covert Empire

Part 3: The Collateral Damage of Golden Lily

Part 4: Golden Lily's Liar Loans and the Subprime Meltdown

Golden Lily: How the CIA Funded a Covert Empire

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.

 

Hirohito & Asia’s Stolen Treasures

Related Posts

Part 2: From Golden Lily to the War on Terror

Part 3: The Collateral Damage of Golden Lily

Part 4: Golden Lily's Liar Loans and the Subprime Meltdown

Communism in Italy

This is the third part of a series on Communism in Western Europe; this section focuses on Italy in particular. The previous parts can be found here.

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The Italian Communist Party (PCI) formed in 1921, as a break-away faction of the socialist party. In many respects, its early years were similar to those of the PCF. Like the French Communists, the Italian Communist Party (PCI) fared poorly in national elections, winning less than five percent of the popular vote. Its time to grow, moreover, was cut short by Benito Mussolini's dictatorship; he outlawed the party in 1926.

In another parallel to their French colleagues, the Italian Communists (PCI) fought fiercely against the Nazis during WWII and won major acclaim for their efforts. After the war, the PCI took part in the new government, playing a major role in writing the new Italian constitution. As in France, however, America's Marshall Plan curbed their influence; to gain access to U.S. aid, the Italian government kicked out the Communists. They would never again hold power in Italy.

Here the paths of the French and Italian Communists diverge. In France the Communist story is one of steady decline, until the PCF no longer constituted a viable political force. In Italy the story is different.

More below.

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Communism in France

This is the second part of a series on Communism in Western Europe; this section focuses on France in particular. The third part (Italy) can be found here.

In France, the Communist Party was founded in 1920 by revolting members of its socialist party, then called the French Section of the Workers' International (Section Française de l'Internationale Ouvrière, SFIO). Their new party initially did fairly poorly, only one of the numerous parties out there. In 1928, for instance, the Communists (PCF) won 11.26% of the vote.

Nevertheless, by 1936 - the depths of the Great Depression - the Communists (PCF) were making gains. Then came WWII - the best thing that ever happened to the PCF. Out of all the parties in occupied France, the Communists fought the Nazis hardest and suffered the most for it. They earned the nickname le parti des 75 000 fusillés - the party of the 75,000 executed people - and immense popularity.

Following the war, the PCF joined the new government led by Charles de Gaulle. Unfortunately for it, however, the U.S. government demanded a Communist-free government as a precondition for accepting the Marshall Plan. The French Communist Party was summarily booted out.

This did not prevent the PCF from channeling its wartime record into electoral success; from November 1946 to 1956, the Communists won a greater share of the popular vote than any other party. Their base lay amongst France's working class, which remained a loyal and reliable constituency, and they constituted the dominant force on the French left.

Communist Party in France Performance

Continued below the flip.

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Communism in Western Europe

By: Inoljt, http://mypolitikal.com/

A mentor once told me not to study communism, because it was a dead system, and studying something dead is worthless.

In defiance of this sensible advice, I will be presenting two dead communist movements: the communists in Italy and the communists in France.

Most Americans have never heard about these two parties. For good reason: France and Italy were staunch allies of the United States in the Cold War; it does not seem as if they were remotely communist.

But, for decades, the communists in Italy and France commanded millions of votes and a powerful political machine. Their strength remains a fascinating, little-noticed part of history.

Here are how the French Communist Party (Parti Communiste Français: PCF) and the Italian Communist Party (Partito Comunista Italiano, PCI) performed:

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There are several patterns here that apply to both parties, and several patterns unique to each country. (Note: The French line after 1956 indicates Communist performance in the first round of legislative elections, whereas the Italian line indicates Communist performance in elections to the Italian Chamber of Deputies. France has a two-round election system; Italy has two chambers in its Parliament. All statistics cited afterwards relate to these specific criteria.)

I will be exploring French patterns in the next post.

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Diaries

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