The ill-effects of martial law were Marcos’s consummation of massive loot pawned by his cronies who were equally morphed into being fat with vast fortune. Interestingly, the Americans had blood in their hands, too.
When Marcos declared martial law in 1972, he consulted with no less than Nixon and Kissinger. Their concession, however, was not free and the return of their endorsement was for the benefit of American companies who would acquiesce to Marcos’s imposition of the rule.
Found in the book The Marcos Dynasty by Sterling Seagrave, “America was the chief beneficiary. With thirty-five thousand U. S. servicemen in the islands, American bankers managing a tenth of Manila’s $2.1 billion national debt, $74 million in emergency relief, $75 million in aid, and upward of $2 billion in U. S. investments, America encouraged and condoned the new Marcos dictatorship just by continuing to do business as usual.”
Recall that four weeks before martial law was declared, the Supreme Court announced that it had decided to enforce a law restricting all retail trade in the Philippines. Consequently, U. S. corporations were barred from purchasing and owning private agricultural lands, and all other economic perks they were previously entitled to under the 1946 Parity Amendment. As a result, the American ownership must be reduced to 40 percent.
Marcos, however, without having to scrap the court decision, would use it to enrich himself by applying it selectively. Hence, foreign investors would only come to the Philippines if they were willing to distribute shares to Imelda or to his brother Kokoy Romuladez or to the Marcos cronies. This was confirmed later by Alex Melchor, Marcos’s then executive secretary. Melchor says, “such deals were cooked. Ferdinand was an expert chef, and he was always careful to grease the pan.”
Nonetheless, the promise of martial law as Marcos professed, was to instill discipline “necessary to transform the country from a corrupt feudal society into a new era of modern technology and export-oriented industry.” No less than the International Monetary Fund and the World Bank were duped in appreciation of the Marcos pretension of “discipline.” Quick to believe, “the World Bank secretly named the Philippines a country of concentration, which meant the amount of aid would be higher than average for countries of similar size and income.”
Before the massive aid from IMF and WB would inundate the coffers of the Philippine government, however, Marcos turned to his cronies to act fast. Indeed, the era of consummate kickbacks, bribes and other forms of extortion became the order of the day.
IN PART VII, WE’LL TALK ABOUT HOW THE MARCOS CRONIES ACQUIRE THEIR WEALTH INCLUDING, BENEDICTO, FLOREINDO, COJUANGCO, LUCIO TAN, AND DISINI. KITA KITA TAYO ULIT.
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4 comments:
Marcos had a blast with his power. He used it for his benefit, forgot about the people who were hungry for a better Philippines.
Wow! I can't believe I missed this earlier. You've done five of these before? This very detailed and obviously researched very well, too. I'm going to have to read the previous entries because I'm not as familar with Marcos.
Nonetheless, your readers are rewarded with excellent posts!
Eh, again? Richard Nixon seems to be involved in almost everything screaming conspiracy lol.
“necessary to transform the country from a corrupt feudal society into a new era of modern technology and export-oriented industry.”
I have to give him thumbs up for that line. Even if we were under Batas Militar, there are still some really great things he has done for our country.
And America, involved in business as usual and remaining neutral.
FIGLI DI PUTTANA MALAVITOSI BERNARDINO BULLA E CLAUDIO GENASCI DI BANCASTATO LAVAN CASH MAFIOSO, CAMORRISTA, NDRANGHETISTA, DI LEGALADRONA E NAZIMAFIOSO, PEDOFILO, STRAGISTA SILVIO BERLUSCONI! VIA GIA' 3 VOLTE IN GALERA PAOLO BARRAI (BSI ITALIA SRL)!
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Ho tantissimo da scrivere su sto Renato Vallanzasca ( in quanto ad indole malavitosissima) misto ad Ugo Fantozzi ( in quanto ad essere il piu' grande ciula, perdente, cane in Borsa, brucia risparmi di tutti e sempre, sia esso su azioni, obbligazioni, valute, materie prime, case, diamanti, oro fisico, qualsiasi tipo di investimento... con la differenza che Ugo Fantozzi era simpatico e per bene, a sua nettissima differenza) della finanza piu' filo mafiosa, piu' ricicla soldi mafiosi, piu' razzista, KuKlukKlanista e nazifascista, che e' il verminoso avanzo di galera, gia' 3 volte finito in carcere: criminalissimo Paolo Barrai nato a Milano il 28.6.1965, gia' abitante a Milano in Via Ippodromo 105. Lo faro' gradualmente. Per forza solo nei ritagli di tempo disponibile. Sono uno dei tantissimi da lui truffato. Mi ha azzerato tutti i risparmi come accaduto a molti altri come me. Gianni Panni di Modena. giannipanni@gmx.com
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Condannato da Consob a pagare ben 70.000 euro di multa per mega truffa fatta da sto verminoso, vi assicuro, pure pederasta sodomizza bambini ( ne scrivero' molto presto), di Paolo Barrai di criminalissima Bsi Italia srl di Via Socrate 26 Milano, criminalissima World Man Opportunities di Via Mazzini 14, 6900 Lugano alias criminalissima Wmo Sa Panama e criminalissimo blog Mercato "Merdato" Libero. Multa connessa a sua mega frode sul fotovoltaico.
http://www.consob.it/main/documenti/hide/afflittivi/pec/mercati/2013/d18579.htm
http://www.bluerating.com/trading/179-promotori/28601-qmultaq-da-70mila-euro-per-un-ex-promotore-che-ha-violato-gli-obblighi-informativi.html
http://www.finanzaonline.com/forum/trading-line/1454952-barrai-spiega-come-non-pagare-la-tobin-2.html
http://www.advisoronline.it/albo/consob/22190-consob-sanziona-a-raffica.action
Mega frode Che solo a me ( ma anche a Saverio Aiolfi di Parma
https://it.linkedin.com/in/saverio-aiolfi-a298ab61
e tantissime persone di tutta Italia e mezza Europa), ha portato via 1.400.000 euro: quasi tutto quello che avevo.
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Condannato al carcere in Brasile, otto anni di galera sentenziatissimi. Per pedofilia omosessuale, furto, truffa, minacce di morte, tentativi di estorsione uniti a stalking via internet, riciclaggio di soldi mafiosi, propaganda razzista, propaganda nazifascista. Ecco i links di inizio indagine. Ora vi e' la sentenza. E' scappato da Porto Seguro di notte, in pieno carnevale 2011, per fuggire a processo e galera ( ed ovviamente, da allora, di piedi in Brasile non ne ha mai piu' messi: perbacco che coincidenzuzza bedda). Fate voi di che schifoso topo di fogna parliamo quando parliamo di sto colerico ratto criminalissimo che da sempre e' Paolo Barrai (o ratto criminalissimo "Paolo Pietro Barrai" come si e' fatto chiamare in Brasile... per vigliacchissimamente depistare Google)
http://4.bp.blogspot.com/-aqbT4KlYsmw/TcLbvUUpkeI/AAAAAAAAAe4/TiDPLR0LH_U/s1600/barrai+ind-pag01.jpg
http://www.portonewsnet.com.br/?mw=noticias&w=2996
http://www.portonewsnet.com.br/?mw=noticias&w=3004
http://www.rotadosertao.com/noticia/10516-porto-seguro-policia-investiga-blogueiro-italiano-suspeito-de-estelionato
http://portoseguroagora.blogspot.be/2011/03/porto-seguro-o-blogueiro-italiano-sera.html
http://noticiasdeportoseguro.blogspot.be/2011/03/quem-e-pietro-paolo-barrai.html
http://www.osollo.com.br/online/index.php/crimes/3052-blogueiro-italiano-sera-indiciado-por-estelionato-calunia-e-difamacao-pela-policia-civil-de-porto-seguro
http://www.geraldojose.com.br/mobile/?sessao=noticia&cod_noticia=13950
http://mathforum.org/kb/message.jspa?messageID=9837373
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