Yamashita’s Gold Part 5 (of a 5 Part Series)

Conflict of Interest

     In March 2001, only weeks into the new Bush Administration, two U.S. Navy ships arrived in the Philippines carrying teams of SEAL commandos.  They were sent to the Philippines to recover gold as part of a plan to enlarge America’s reserves. This gold would come from two places: – new excavations of Yamashita gold vaults and the purchase (at a deep discount) of Japanese loot already recovered and held in private vaults by wealthy Filipinos. One of the two ships sailed on to Mindanao to take on a load of bullion was owned by the family of the new president, Gloria Macapagal Arroyo. President Bush was ‘being aggressive’. The buzz among gold hunters in Luzon was that associates of President Bush and his family were privately in the market to buy some of the bullion still being recovered from Golden Lily sites. One of the names being dropped by goldbugs in Manila was that of East Texas oil billionaire William Stamps Farish, an intimate friend and fishing companion of the Bush family. Farish is closely tied, businesswise-with the Rockefeller oil group.  Will Farish is said to be the manager of President Bush’s blind trust.

    It should come as no surprise that yet another U.S. president may be taking an interest in Japanese plunder, while shielding Japan’s biggest corporations from lawsuits by POWs and other victims. Every president since Harry Truman has been involved in covering up the looting and the slush funds. Even Jimmy Carter played a role, becoming a personal friend of the great fixer, Sasakawa, who was up to his knees in dog-tags.  Bluntly put, the terrible secret is that for over half a century some officials of the U.S. Government – not least of them Nixon – greatly advanced their careers by receiving stolen goods, made unscrupulous use of covert funds, and continue to collude with Tokyo. Justification always has been the Cold War and national security. In September 2001, The Economist reported, “it has uncovered evidence that the American government, assisted by others, has somehow ‘lent’ thousands of tons [of gold bullion] to speculators and bullion banks, notably Citibank and J.P. Morgan Chase, to depress the gold price.” Conflict of interest is evident in all these instances. Note that the Economist is owned by the Rothschilds, who preferred a higher gold price, and more importantly, were furious at the Rockefellers for such gold dealings.

        As we now know, Japan was not bankrupted by the war. By 1951, six years after the war, Japan’s economy was stronger than it had been during the best business years before the war.   Japan’s financial collapse has been predicted by scholars at Massachusetts Institute of Technology, on the premise that the LDP would refuse to undertake the serious reforms needed. In fact, all Japan’s top banks failed long ago, but – as in a silent movie – the edifice collapsed without the audience hearing any sound. Japan’s banks had $1.5 -trillion in bad loans on their books, in sweetheart deals for men like Prime Minister Tanaka, or zero-interest loans to the yakuza. Among the banks hit hardest were Sanwa Bank and Tokai Bank. Together with Dai-Ichi Kangyo Bank they are the three that were exempted by General MacArthur and General Marquat from reorganization in 1945. Former prime minister and finance minister Miyazawa proposed a painless bailout – painless, that is, for the banks. They would be bailed out by Japanese taxpayers. After which the banks could resume their bad habits. Whether taxpayers would stand for it is questionable.

      Yamashita’s chauffeur, Major Kojima Kashii was the man who gave Santa Romana and Lansdale the secret locations of twelve imperial treasure vaults in 1945. At the time, Kojima was 31-years-old, serving as an aide to the general, and as his driver. He was captured separately from Yamashita, and put in Bilibad Prison where Santy and Lansdale had him tortured to reveal the locations of treasure sites the general personally visited during the last year of the war.  Kojima readily gave in and agreed to show Santy and Lansdale a dozen treasure vaults in return for his freedom and a large bribe. Returning to Japan, where he kept a low profile with his family until the end of the U.S. occupation in the early 1950s, Kojima (traveling under various pseudonyms) began making discreet trips back to the Philippines, with various partners. Posing as businessmen, they recovered treasure from imperial vaults and “officers’ stashes”, where gold and gems had been hidden in the closing months of the war. Many of these recoveries were made on Clark Air Force Base, with the full knowledge and permission of the U.S. Government. For more than fifty years, these recoveries kept Kojima a rich man.  Kojima at age 88 was taken on his last visit to Manila in 2002, still looking dashing and handsome.  In 2002, Kojima said that would be his last recovery, and his last visit to Manila, because of age and health.  On his final trip in 2002, Kojima and his Japanese partners recovered two metric tons of small gold biscuit bars.

The US Fed & Gold

What lies behind this scandal and mischief is surprisingly simple: Once citizens of a country relinquish control of their money to private bankers, they are at the bankers’ mercy – which is the whole idea. When citizens are then deprived of the right to keep precious metal like gold – which has true value because of its rarity – they have no alternative but to make do with the paper money printed and manipulated by private bankers – literally monopoly money. In return for printing all the paper money they wish, to profit by manipulating money-supply to cause inflation or deflation, bankers get to hold all the gold as their monopoly. Once the gold is in their vaults, some is retained on display.

But most of the gold vanishes offshore, or into private accounts in Switzerland. The Swiss, in turn, keep some of it under Zurich Airport, where it is in transit like petty cash, but most precious metal goes into underground vaults deep in the Alps that are also strongholds of the Swiss Army, secure against nuclear war. Account holders may think some gold or platinum is theirs because they have title to it in bonds or certificates, with lots of supporting paperwork provided by the bank. But – as we’ve seen again and again– if they try to redeem the bonds or certs, chances are they will end up arrested, imprisoned, or murdered, and their bonds and certs will be confiscated and vanish.  Even when the certs are denounced as counterfeit they are confiscated and held in secure government facilities, instead of being destroyed on the spot, indicating that they are not actually counterfeit. A journalist at the Financial Times said: “It has now reached a point where you can go into one of the big banks in New York, London or Zurich, give them half a metric ton of gold in return for a certificate of ownership, walk around the block for ten minutes, re-enter the same bank, and they’ll deny ever seeing you before, and have you arrested for presenting them with a counterfeit certificate.” He was not joking.

In Europe and Asia, this has been the case for centuries. Rulers whose armies and police gave them a monopoly on violence enjoyed squandering the money they stole or confiscated, but they knew nothing about manipulating money and making it grow. So they gave this job to clever financial advisers who served as their bankers. Thereafter, these bankers influenced all policy decisions. When bankers gained too much influence, or rulers found themselves too deep in debt, they put the bankers to death, or sent them into exile, thus cancelling the debt. (There are obvious equations between murdering people and imprisoning them, as in both cases they are removed.) A perfect example was Europe’s first banking network, created by the Knights Templar in the 11th, 12th, and 13th centuries. They lent the king of France a lot of money, which made him realize they probably had much more hidden away. He ordered his police and army to arrest all the Templars in a single day, and had their leaders tortured to reveal where the Templar treasure was hidden. When they refused, he had their leaders burned alive at the stake. The king never found the Templar treasure, and the Nazis were still looking for it in the 1940s when they occupied France. Such wicked behavior by ruthless rulers and cunning bankers is why America’s Founding Fathers tried to do things differently.

From the moment the United States became independent of Britain, it was liberated from British currency and taxation. Money was to be backed by gold and silver and kept under the control of the central government, on behalf of all citizens. But the Federalist clique of Alexander Hamilton, which had strong financial and emotional ties to Old Europe, began lobbying to put U.S. currency in private hands. US Presidents Jefferson, Madison, Adams and others fought this, and two early attempts to set up a pseudo “United States Bank” that was actually in private hands were reversed. In 1816, President Jefferson warned that, “Private banking establishments are more dangerous than standing armies; and the principle of spending money to be paid by posterity, under the name of funding, is but swindling posterity.”

During the Civil War, however, the Federal government went so deep in debt that the number of profiteering millionaires in America mushroomed. After a very secret meeting at Morgan’s Jekyll Island estate in 1910, the Robber Barons followed Warburg’s game-plan to take control of all US currency and gold. As Warburg said at that secret meeting, it was essential not to let American citizens know the Federal Reserve was a cartel of private banks, but to persuade them that it was a government agency. In other words, there was nothing “federal” about it, and all control of currency and gold was “reserved” to the private bankers who owned its stock. The majority of that stock was held by banks now called Morgan-Chase and Citibank. The private banking powers of the Federal Reserve were further increased during World War I, in 1917, when President Wilson pushed through legislation – which gave the president the right to “regulate … [the] export [and] ear-markings of gold or bullion. Simply put, this meant whenever there was any sort of emergency all the government’s gold could be moved around secretly, and earmarked or designated for whatever purpose Wilson wanted, without any kind of public oversight. Since Wilson had been put in the White House by the big bankers who owned all the stock in the Federal Reserve, this meant they – the private bankers – could thereafter make the gold vanish, and nobody would be the wiser. So much government gold vanished during the Hoover Administration that when Wall Street crashed in 1929, the vaults were nearly empty.

In 1933, President Franklin Roosevelt used Wilson’s legal precedent to declare another state of national emergency (this time the collapse of the U.S. economy in the Great Depression). Roosevelt urgently needed gold to underwrite social programs for millions of jobless people. Later – in the event of war with either Germany or Japan, or both – he would need a great deal more gold to finance expansion of the U.S. military and its armaments. In those days, money spent on social programs and armaments still had to be backed by gold. The quick way to increase gold reserves was to force citizens to turn over their private gold holdings, and to force all gold mining operations to sell only to the U.S. government. In return they got paper money. The government’s newly-acquired public gold would be held by the private Federal Reserve (the Fed). Because the Fed is a private banking cartel, whose books are not open to the public, it is impossible to know precisely how much gold was acquired in the 1930s. The Fed is famous for being Delphic, which means it lies by evasion. This is the reason for the public’s great ignorance about how much gold there is, to whom it belongs, where it is really kept, and how it got there. Bankers, economists, judges and attorneys pretend to know exact details, but it is easy to demonstrate that they twist the facts to suit themselves. Secretary of the Treasury Henry Morganthau continually found himself in conflict with the Federal Reserve and the State Department. He complained that J.P. Morgan had more power than the State Department, and added: “You can rape me if you want to, but I won’t like it.” The Federal Reserve was even issuing gold bearer bonds and certificates with Morganthau’s signature, without Morganthau’s knowledge. FDR’s Executive Order 6102 made it illegal for private American citizens living in the United States to hold gold coin, gold bullion, or gold certificates. Because of legal challenges in the courts, it took a few months for Roosevelt’s executive order to become law. But by 1934 the Fed became the legal custodian of all of America’s gold, and of much foreign gold as well. Gold poured into Fort Knox, and other Fed vaults in New York City; West Point, New York; and former U.S. government mints in San Francisco, Philadelphia, and Denver.

           A huge influx of European gold, to repay U.S. loans to foreign governments during and after World War I, soon made America the world’s biggest repository of “official” monetary gold. This flow of gold from overseas was further stimulated by gathering war clouds in Europe, by Japan’s annexation of Korea and Manchuria, and incursions into North China. As Hitler became more aggressive, even the British crown jewels were moved to the Fed’s vaults in New York City. Wealthy Chinese families, victimized by dynasties and warlords for thousands of years, held their precious metal in secret places, or in banks they owned or controlled in Manila, Hanoi, Bangkok, or Singapore. They expected Japan’s conquest to spread south to the islands. Through Jose Laurel, Judge Chua and other Chinese clan elders knew that Roosevelt’s Secretary of the Treasury Henry S. Morganthau, was offering to buy gold from rich individuals and syndicates in Asia and the Pacific, in exchange for Federal Reserve bonds or notes.

The Laurel Saga

Because of his high-level connections in the Church and in the underground, Santy’s network also included members of the influential family of Jose P. Laurel, pre-war head of a political clique in Luzon, who became Japan’s wartime puppet president of the Philippines. This intimate connection between the Laurels and Santa Romana started in the 1920s, runs like a bloody thread through the war, through the gold recoveries after the war, through the secret movement of black gold to banks around the world, through the dictatorship of Ferdinand Marcos, and today it runs right up to the White House Oval Office.

Before the war, Jose Laurel (1891-1959) was a Superior Court judge in Manila, a judge with a grudge going back decades. Setting up a law practice in Manila, he detested the American colonial government, and began organizing his own mafia, modeled on traditional pirate syndicates of the archipelago.

Laurel was at heart a nationalist, keen to and quick to make deals with the super-rich Overseas Chinese families who controlled the Philippine economy and the underworld. In 1934, Laurel’s circle pooled their resources and offered to sell Morganthau 1,665 metric tons of gold worth some $1,7 billion. In return, they would be given 250 separate Federal Reserve bearer bonds, each in a $100- million denomination. So at the time of issue in 1934 this transaction had a total face value of $25- billion. But, on maturity after thirty-two years – meaning after 1966 – the 250 bonds could be redeemed for a total of $100-billion. Instead of an outright purchase, the gold was being acquired by the Federal Reserve Bank in Chicago, as a loan, paying slightly over $10 an ounce (half the existing private gold price) in return for interest over thirty-two years that would result in a total of $100- billion at maturity.

One document, a Federal Reserve Bond Global Immunity, signed by Morganthau, said the purchase was arranged this way “to enable the government of the United States of America to determine the contract in a manner appearing as a loan, which shall be known as Federal Reserve Bond issued by the Bank of Chicago series of 1934.” Each bond had coupons attached so the bearer could collect the interest annually, or let it accumulate until maturity. Essentially, the Fed was borrowing the gold for $10 an ounce rather than buying it outright for $35 an ounce. When the deal was concluded, the 1,665 metric tons of gold was transported by ship from Manila to San Francisco, and then carried by train to the Federal Reserve Bank in Chicago, where the ingots were placed in its vault. The 250 Fed bonds, meanwhile, plus supporting official documents, were received in exchange by Laurel. He shared them out among his partners, who put them in the safest places they could find: some in Swiss bank vaults, others in Argentina or Chile.

When the Japanese invaded, Laurel, fluent in Japanese, was ordered by President Quezon – on instructions from Washington – to offer himself to the Japanese as their puppet president during the occupation. Even in the Philippines where life is cheap, Marcos was uniquely predatory and murderous. Once in the palace, he began hijacking all the private wealth he could get his hands on. Jose Laurel had died in 1959, and the Laurel clan was now headed by one of his sons, Pedro Palafox Laurel, Santy’s pal and business partner, and fellow Vatican agent. Unfortunately for the Laurels, when their Federal Reserve bonds reached maturity in 1966, the election of Marcos as president made it too dangerous to bring the bonds out of hiding, and present them to the U.S. Treasury and the Federal Reserve for redemption. Marcos would learn about it immediately, and stop at nothing to confiscate the bonds and sell them to Washington for his own profit. In 1983, when Marcos heard rumors that the Laurel family had a hoard of Federal Reserve bonds and gold bearer certificates of deposit at UBS, he had Pedro Palafox Laurel and his business partner Domingo Clemente arrested and brought to the Black Room at the palace. There, over a period of weeks, the two men were slowly tortured to death by General Ver. Clemente knew nothing about the bonds, and Laurel refused to reveal their locations. Ver gouged out one of Laurel’s eyes, leaving it hanging on his cheek. Half-dead, Laurel was dragged into another room where a priest and a woman were waiting, while Marcos watched. The semi-conscious Laurel was “married” to the unknown woman, and had his fingerprint put on a document leaving all his wealth to her. Laurel was then dragged back into the torture chamber and shot in the head. Pedro’s widow, Loretta, immediately fled to Spain to live in a secret place. From then on, the Laurel family lived in fear. It was only in 1986, when Ferdinand Marcos was removed from power by the Reagan Administration, and put under house arrest in Hawaii, where he later died, that Laurel’s heirs and surviving members of his circle dared begin to recover the bonds from their hiding places.

             Unfortunately, at this very moment, another large stash of FRNs (Federal Reserve Notes) and FRBs (Federal Reserve Bonds) began coming onto the market, recovered from U.S. military planes that had crashed long ago in the jungles of Mindanao.

 In May 1948, four US Air Force planes on their way from California to Malaysian North Borneo, refuelled at Clark just north of Manila, then continued on their way toward Borneo. A typhoon that had been brewing in the western Pacific moved directly into their flight path, and all four planes crashed into the mountains of Mindanao. In the doomed flight were two B-29 Superfortresses of the type that had dropped atomic bombs on Hiroshima and Nagasaki, plus a new modified version of the same plane called a B-50, and a much smaller twin-engine B-26. The two B-29s were carrying thousands of Federal Reserve notes and bonds, in boxes from Chase Manhattan and Wells Fargo banks.

As Chairman Mao’s forces advanced through China in 1948, Britain and the US dreaded the prospect that one of the world’s largest stocks of gold (some 7,000 tons) worth $83-billion at current prices – would fall into communist hands. So it was decided to extract the gold reserves from China before the communists could seize them. The CIA provided the means for this bullion-rescue mission, flying in B-29 bombers disguised in the livery of its CAT, later renamed Air America. CAT flew numerous missions to bring huge shipments of gold out of Mainland China. Where did the FRNs and FRBs fit in? They were used “for persuading managers of major banks in the interior of China to part with their vast stocks of gold.” Printing FRNs and FRBs with a face value much greater than that of the gold they were to replace, served to encourage the banks or wealthy individuals to swap their gold for the bonds and notes, which would be easier to hide and later smuggle out of China to be cashed in the West. The US almost certainly had no intention of honoring them, anyway. In the late 1980s, just after Marcos died, the wreckage in Mindanao was discovered by a tribe of aboriginals, who found the B-29s full of incomprehensible Fed notes and bonds. Most of the boxes were still sealed with wax and official stamps, but some had broken open on impact. When these were carried out to a district town, and translated into Tagalog, it was understood that the Fed notes were important, and in astronomical denominations. Quantities of these Fed notes suddenly appeared in the market as everyone and his brother tried to cash them in. The Fed was not buying, and neither was the U.S. Treasury, which automatically denounced them all as counterfeit. Secret Service agents were sent to Manila to pose as buyers so they could entrap brokers trying to sell the bonds. Assassins also were sent.

Unfortunately for the Laurels, this was the same period when President Reagan talked of putting the U.S. back on the gold standard. President Nixon had taken the dollar off the gold standard in 1970 and made it legal for the first time in nearly 40 years for private American citizens to own gold. As a result the official price shot up – going above $800 an ounce during the early Reagan years. If at that moment the Laurels had demanded payment in full for the 1,665 metric tons of gold they had “loaned” to the Federal Reserve in 1934, that amount of gold would have been worth over $25 billion. However, the Laurels were bound by the terms of their original agreement, which had a face value on maturity of only $100-billion. But even $100-billion was more than Washington could face paying. In fact, Washington had never really intended to redeem any of the 1934 Morganthau issue bonds, except at very deep discounts of 1% to 10%, and then only to “favored” individuals. If the dollar was going to be put back on the gold standard, the White House had to block any attempts to redeem gold certificates and Fed bonds. No new administration likes to be held accountable for huge debts incurred by previous administrations. Redeeming those bonds would represent a huge drain on U.S. assets. So Reagan’s team had to come up with a strategy to block any attempt by owners or bearers to redeem the bonds.

Curiously, it was also in 1986 that the Federal Reserve decided to recast all the gold-bars in its vaults, changing “good delivery” bars from traditional rectangular ingots into trapezoidal-shape. Why this was done was never satisfactorily explained, but it allowed the Fed to change the hallmarks, serial numbers, and all other identification, which included re-papering and earmarking, effectively erasing all record of ownership of many thousands of tons of gold in its different vaults.

For a government that was up to its ears in the Iran-Contra swindle, Death Squads, October Surprise, Swiss numbered accounts, and lying to Congressional committees, the answer was obvious: Declare all the Fed notes and bonds floating around Asia counterfeit, including both the Laurel bonds and the bonds found on the crashed planes.

In September 2001, the Laurel case came to trial at the U.S. District Court for the Northern District of Chicago, before Judge Harry D. Leinenweber. The judge was ordered to make sure that the Laurel clan lost the case. Therefore, Federal Judge Leinenweber hardly seemed to be a disinterested party in the lawsuit between the Laurels and the Chicago Federal Reserve Bank, a claim of $100-billion by a foreigner against a local institution that was the taproot of Chicago’s financial structure. A loss of $100-billion would be like cutting that taproot. Predictably, Judge Leinenweber showed a bias against Mrs. Laurel and in favor of the Chicago Fed. When it became evident to Laurel’s attorneys that the case was rigged, and they were being blocked, they sought to present additional evidence that would overcome the stonewalling of the Fed and Treasury. Neither the Fed nor Treasury wanted additional evidence presented, so they filed a motion saying this new information was inadmissible, because it should have been presented earlier. Judge Leinenweber immediately ruled in favor of the Fed and Treasury. No surprise. Unless the Treasury and the Fed were able to steal the bonds from where they were hidden, or to damage his reputation by further character assassination, they might have to negotiate a settlement. The US Treasury and the Fed were known to have secretly paid off several earlier cases involving legitimate bonds. This was done secretly to avoid establishing a legal precedent.

The Laurel group had adequate money to fight the case in court for years – but that depended on where it was tried, in the US where judges could be manipulated by Washington, or in continental Europe where they could not. Did Washington and the Bush Administration have the stomach to be humiliated yet again? To avoid this, the Secret Service could try to snatch the bonds from where they were stashed, and could try to use character assassination to damage the reputation of the Spanish attorney. Given the cowed media in America, and compliant journalists in the UK of Tony Blair, lies could be spread and repeated so often that the public would begin to believe them.

Over the years, as we have seen , many individuals and groups have attempted to  redeem gold certificates, FRNs and FRBs, or personal and family gold deposits, at banks and other financial institutions. A few have succeeded, but the vast majority have been threatened, intimidated, and some even have been murdered. Nevertheless, when all else fails, the US Treasury and the Fed have agreed to redeem such notes for a very deep discount – 2% or 5% of their face value. In view of the failure of the Secret Service to steal the Laurel bonds, such may turn out to be the case with the Laurel bonds. But the deal will be kept secret to avoid a stampede of similar legal challenges. As for the Laurel group, as little as 2% would still mean many billions of dollars.

Men in Black

We cannot blame private banks and government agencies for these crimes of grand larceny without identifying some of the spiders that wove the web of influence. It is no longer the climax of a career to become an American president or a British prime minister. More important is whether the president or prime minister can look forward, on retirement from office, to becoming a board member of the foremost influence peddlers in Washington, such as The Carlyle Group. As US Supreme Court Justice Felix Frankfurter wrote: “The real rulers in Washington are invisible, and exercise power from behind the scenes.” As far back as 1922, New York Mayor John Hylan said: “The invisible government is like a giant octopus that sprawls its slimy length over … the nation. At the head of this octopus are the Rockefeller interests and a small group of powerful banking houses … who virtually run the U.S. Government for their own selfish purposes.” He got it right.

       The corruption obvious in the Federal Reserve System, the gold cartel and big banks, has turned America into a nation most of the world no longer respects – a nation driven by greed, greased by influence-peddling, controlled by fear, and misled by lies. Since 1945, its all-consuming greed has been hidden by the veil of “National Security”. Despite the collapse of the “communist menace” that justified excessive secrecy during the Cold War, the corrupt White House administrations has shown how new enemies can always be found to scare Americans into submission and compliance. The term “Terrorist” can be applied to anyone, to destroy a career, to demonize an ethnic or religious group, or simply to frighten Americans.

     Not content to be merely super-rich, the monopolists saw themselves as “The Illuminati”, symbolized by the all-seeing eye at the top of the pyramid on U.S. currency. Many of the richest families in America learned to avoid drawing attention to themselves – among the Rockefellers for example; only Nelson courted publicity and involved himself personally in covert operations, only fitting as he was the real founder and brains behind the CIA. . As a consequence of this low profile, the label “The Octopus” has since been relegated to their cadre of servants, who do the dirty work for the 2 families, in hope of someday joining the overlords. Among the most successful of these servants were the Rockefeller cousins, Allen and John Foster Dulles. In due course, the Dulles brothers became powerful servants of the Rockefellers, from the 1920s to the ends of their lives. The Bush family climbed similarly, doing favors for the Rockefellers. Another comer was John J. McCloy, who rose from relative poverty to become a top Rockefeller man and head of the World Bank. And, of course, there is Henry Kissinger-initially a protégé of Nelson, and later of David.

These were some of the spiders who wove the web linking the Fed to the Black Eagle Trust, the M-Fund, Project Hammer, the CIA, a string of CIA black banks around the world, and CIA savings and loan companies inside America. James Jesus Angleton once told a journalist bitterly that the only reason he was named chief of counterintelligence at the CIA was because he had taken an oath that he would never subject the Dulles brothers to lie-detector tests about their collusion with Nazi Party bankers in the 1930s, men in black need to remain unseen. As they put the black economy in place, behind the curtain of National Security, they found ways to make most gold reserves disappear into coffers only they could access – as illustrated by the numbered Swiss accounts held by White House staffers during the Iran-Contra scandal, and the way Santa Romana’s gold accounts have been blocked, or moved offshore, by banks that refuse to acknowledge the rights of his heirs.

 Look closely enough, however, and the hand does not move faster than the eye. Just follow the filaments in the web. For example: Currently, when “black gold” is recovered from Japanese treasure vaults in the Philippines it enters the world market through an agency in Australia with genetic ties to the Bank of England. First the ingots are taken to Manila where they are assayed by international gold buyers. Once satisfied with the assay, the broker buys the gold at a deep discount, then airlifts or sealifts it to Australia where it is “sanctified” by Johnson Matthey Bank (JMB), the UK gold bank that worked with President Marcos. Following a major scandal with questions in Parliament, JMB was “absorbed” in late 1984 by the Bank of England. Two years later, in April 1986, the JMB bullion operation was sold to the biggest Australian banking, mining, and bullion syndicate, Mase-Westpac. Both are Rothschild entities. One entity is transferred to another entity – all within the Rothschild network. Upon reaching Australia the gold is re-smelted to London standard by JMB and re-papered by JMB, and then simply joins the flow of newly-mined gold shipped from Australia to the City of London, where it enters the world market. That at least appears to establish a direct link between gold laundering and the Bank of England. Sir Evelyn de Rothschild, whose family is so closely identified with the Bank of England, the US Fed, and banks in Germany and France, etc., is the true majority owner of the Benguet goldmines in the Philippines. There is nothing startling about that, in and of itself, but the Benguet board has long been dominated by members of Imelda Marcos’s Romualdez family, and still is today. Imelda’s children had the use of a Rothschild mansion in London when they were attending school. As the biggest goldmine in the Philippines, Benguet always has been one of the primary channels for war-looted gold leaving Manila. During the Marcos years, a big piece of Benguet was acquired by a group of Wall Street venture capitalists who shared property ownership and a casino in the Bahamas with the Mafia’s Meyer Lansky. So there are interlocking directorships that reveal more when seen together, than when seen apart. Let’s follow the filaments further:

    Meyer Lansky was the unofficial “prime minister’ of the American Mafia. His direct controller was the Canadian Bronfman family – the Bronfman family was one of many Rothschild assets in North America.

Lansky, in turn, was closely associated with top CIA banker Paul Helliwell, also based in the Bahamas, who created the chain of CIA black money banks throughout the world, including Castle Bank in the Bahamas, Nugan Hand Bank in Sydney and Honolulu, and BCCI (Bank of Credit and Commerce International), now said to be reincarnated as Pinnacle (in Hong Kong). Helliwell’s ultimate boss during and after WW2, was Wall Street attorney and former OSS chief William “Wild Bill” Donovan, who also was the boss of Allen Dulles, William Colby, Bill Casey, and others who later became heads of the CIA – and an intimate friend of Meyer Lansky.

   Almost every key man in the OSS had direct connections with large international industrial and banking interests; among those listed as having been key OSS executives were Julius Spencer Morgan, and Henry Sturgis Morgan, sons of the late J.P. Morgan, who were special assistants to Donovan.

The front man for Helliwell was banker General Erle Cocke, a Grand Commander of the Knights of Malta, to which Donovan and many other OSS and CIA brass belonged – which was, in turn, closely linked to Vatican secret services and the Italian Mafia. Knights of Malta membership is dominated by reactionary European aristocracy and Americans whose names read like a Who’s Who of the Black Eagle Trust: Former OSS chief Donovan, former CIA top brass William Colby, John McCone, William Casey, George H. W. Bush, James Jesus Angleton, and Vernon Walters. Also on the roster were General Douglas MacArthur’s intimates, General Charles Willoughby. Donovan was the chief spider – America’s original man in black. It was Donovan, working behind the scenes with John J. McCloy, members of the Mellon family, the Dulles brothers, and gangster Meyer Lansky, who set up the global network of secret funds and black banks that made creative use of the Black Eagle Trust, and laundered drug profits before they entered U.S. banks to bolster the American economy. This was racketeering on a global scale, run by covert agents of the U.S. Government, with proceeds so huge the only way to hide them was by claiming National Security was constantly at stake. Far more effective than two sets of accounting ledgers, National Security kept everything off the record.    

      To protect BCCI, Nugan Hand, and other black banks, people were murdered, including Frank Nugan, journalist Danny Casolaro, and former CIA Director William Colby, “legal counsel” to the black banks, whose body was found floating in the Potomac River estuary in 1996. Like the careers of the Dulles brothers, Donovan’s life wove gold, drugs, espionage, underworld, and global politics together using personal connections. In 1923, he was a little-known Assistant U.S. Attorney in the state of New York, who became friends with super-rich Albert Lasker, one of the heads of the General American Tank Car Company, which had the first patent for a welded petroleum railway tank car (without rivets) and dominated the shipment of Rockefeller petroleum on Harriman railways. This, plus Lasker’s tight family connections with Germany, and his financial cronyism with most of the Robber Barons, allowed him to introduce Donovan to all the right people. With Lasker’s encouragement, Donovan became a celebrity when he and Federal Bureau of Narcotics (later re-named the FBI) agent Ken Oyler cracked a major drug ring in Buffalo, and made a huge drug seizure in Canada, making America look virtuous just before the 1924 Geneva Opium Conference. These drugs were traced to the Golden Triangle, where the borders of Burma, China, Laos and Thailand meet. Lasker introduced Donovan to the Rockefellers and Harrimans.

   Oyler introduced Donovan to FBN chief Harry Anslinger, who got his job as drug czar because he married the niece of Coolidge Administration Treasury Secretary Andrew Mellon. Mellon was one of the Robber Barons who had set up the Federal Reserve System. Mellon’s son-in-law, diplomat David K. Bruce, later helped Allen Dulles, Anslinger and Donovan organize the OSS. It was practically a Mellon family enterprise, working under the direction of the Rockefellers.

         Once OSS was set up, Donovan became heavily involved in opium and heroin, mingling narcotics with espionage during the war. He learned a lot from the Brits. In China, he worked with SOE’s William and John Keswick of Jardine-Matheson, Britain’s biggest opium cartel in Asia, with a controlling interest in Hongkong & Shanghai Banking Corporation, and ties to the Oppenheimer family through the giant mining firm Rio Tinto Zinc. (HSBC was one of the main repositories of Santy’s gold, and has blocked all efforts by his heirs to access it.) Together, Donovan and the Keswicks arranged deals with KMT spy-boss General Tai Li and his underworld business partner, druglord Du Yueh-sheng.  Their currency in covert operations was drugs, gold, and diamonds. Lansky and Pawley controlled Batista’s Cuba and owned vast plantations on the island as well as casinos and brothels, while Helliwell was an attorney for Lansky’s Miami bank.  

Donovan also set up a special office in OSS called X-2, which spied on foreign insurance companies – many of the biggest being in Nazi Germany. His partner in running X-2 was Cornelius Starr, who started out selling insurance in Shanghai in 1919 and went on to build American International Group (AIG), into one of the largest insurance companies on earth today, and inexplicably was rescued from bankruptcy in 2009 by the Fed and US Treasury. Early in the war, Donovan sent James Jesus Angleton to Rome as chief of X-2 and other OSS black operations there. Angleton paid Sicilian and Calabrian Mafiosi to smuggle OSS agents into Sicily and across to the toe of Italy. In appreciation, Angleton and Donovan put Sicilian gangsters in positions of political leverage in Palermo and Rome, and kept them supplied with gold and guns. In America, the Mafia helped government agents keep an eye out for Nazi spies along the Atlantic and Gulf waterfronts, on the understanding that when the war ended, Mafia dons currently serving time in federal penitentiaries would be freed and “deported” back to Sicily.

          In effect, Donovan and his circle of intimates wove a web linking the underworld in Asia, Europe, and America, to U.S. banks and the U.S. Government. This would pay off richly during the Cold War.

In 1946, when the OSS was shut down by Truman, to be succeeded by the CIA, Donovan pretended to resume private practice as a Wall Street attorney, but in reality spent most of his time helping Paul Helliwell set up black banks to make use of the Black Eagle Trust. To disguise these postwar operations, Donovan founded World Commerce Corporation (WCC) with financial backing from the Rockefellers, particularly Nelson Rockefeller. One of WCC’s main objectives was to buy and sell surplus U.S. weapons and munitions to foreign underworld groups, like the Chinese and Italian mafias, in return for their cooperation against communist and socialist political parties, or labor unions. To maintain secrecy, WCC was registered in Panama. Many of its operations involved the Nationalist Chinese in Asia, and the Sicilian and Calabrian Mafia in Europe. The Nationalist Chinese provided the hard drugs, and the Sicilians moved them into the US through Meyer Lansky in Havana and Santo Traficante in Tampa, or through Mexico to Bugsy Siegel in California. Mixing drugs and espionage in Italy, Donovan and Angleton forged a three-way alliance with the Mafia, the postwar Christian Democratic Party, and the Vatican. New York narcotics boss Frank Coppola was recruited to be Donovan’s liaison with Sicilian godfather Salvatore Giuliano. Their reign of terror was so successful that by 1948, Italian Communist Party boss Palmiro Togliatti accused the US of subverting Italy’s elections, not the first or last time that was voiced.

The point here is that it was not strictly a CIA operation, it was a Donovan operation supported by the CIA, and Donovan’s WCC had been set up with Rockefeller money. Where do you draw the line?

In Asia, Donovan was a registered agent of the Thai government, creating an alliance between the disgraced Nationalist regime on Taiwan and crooked Thai generals. Together, they moved opium and heroin out of the Golden Triangle, bypassing old French channels of the Union Corse, which had gone through Laos and Vietnam.

   To dominate the Asian drug trade, remnant Nationalist Chinese armies stranded in southwest China crossed the border into Burma where they seized control of the Golden Triangle. They were lavishly supported by Washington on the pretext that they were carrying out guerrilla operations against the Chinese Communists. These KMT forces became the main movers of drugs into the international market, aided by the CIA airline Air America (Chennault’s old China Air Transport), and the CIA shipping line Sea Supply, set up by Helliwell and Donovan. Air America was dreamed up by Donovan and Old China Hands William Pawley, and General Claire Chennault. In the 1930s, Pawley had set up the Central Aircraft Manufacturing Company (CAMCO) for Madame Chiang Kai-shek, to assemble planes for what later were called the Flying Tigers. Pawley was paid lavishly by the Chiang regime, the Soong family, and drug lord Du Yueh-sheng. In 1950, Donovan and Pawley bought out Chennault and took over his beat-up airline. They persuaded the China Lobby to pay Chennault $5-million for his airline, which was re-named Air America. Pawley then “retired” to Havana where he went into business again with Meyer Lansky. Pawley spent lavishly, buying sugar plantations, an airline, and a bus company. When Fidel Castro seized control of Cuba from the Batista regime, Pawley escaped to Miami where he continued his alliance with Lansky, using a Miami bus company as his front. Meanwhile, Pawley helped Donovan persuade Texas right-wing oil man H.L. Hunt to support the KMT regime with millions of dollars for covert operations. Pawley and Donovan were aided in all this by CIA’s Allen Dulles, Admiral Charles Cooke, ambassador William Bullitt, former SOE agent William Keswick, and Satiris Fassoulis, vice president of Commerce International China, a subsidiary of Donovan’s WCC.    

    One of Donovan’s top financial allies was Helliwell’s front man General Erle Cocke, whose family had been in banking for generations. After WW2, Cocke served in the World Bank and IMF, and as head of the American Legion, but also on the board of CIA banks such as Nugan Hand. In April 2000, just two weeks before he died of pancreatic cancer, General Cocke agreed to give a legal deposition to the attorney of six plaintiffs who said they had been swindled by former intelligence agents of the South African Apartheid regime. The scam was typical of many rackets run under a part of the Black Eagle Trust called Project Hammer, in which unsuspecting investors were encouraged to put up money for projects in the Third World, which then collapsed, swallowing their money.

In his deposition, General Cocke said he knew a lot about the Black Eagle Trust’s Project Hammer because he had been a part of the Donovan spider web for decades. He testified that by the 1990s, he knew personally that Project Hammer had assets exceeding $1-trillion. Cocke testified that no Project Hammer transaction could take place without the personal approval of Citibank CEO John Reed. General Cocke explained that Reed was “the cheese” (the Big Cheese, boss, or overseer) of Project Hammer. “I had no problem seeing the president of the United States, but I could never get in to see John Reed.” Reed was third in a string of Citibank CEOs groomed by Donovan, each the mentor of the next, starting with George Moore who was an OSS agent during the war. Rising quickly to head Citibank after the war, Moore trained Walter Wriston, who trained John Reed.

    Ties between Citibank and the CIA were always close, and a number of top spooks joined the bank when they left the Agency, such as former DCI John Deutsch, who left Langley under a cloud to immediately become a member of Citibank’s board. John Reed, who denies knowing anything about Project Hammer, has since left Citibank under a cloud, to become head of the U.S. Stock Exchange. It is curious that in the 1990s – while Reed and Citibank were being sued for moving $50- billion in Santa Romana’s gold from New York to the Bahamas, and General Cocke testified that Reed was overseeing Project Hammer with assets of over $1-trillion – that Citibank claimed to be going bankrupt. It was not the only player in the game of musical chairs by major banks, as various Rockefeller Holdings absorbed each other and their offshore holding companies like hungry amoebas. Reed was succeeded at Citibank by President Clinton’s Treasury Secretary Robert Rubin, the new chairman of Citigroup, who has been equally opaque and evasive.

 Seen as a giant spider web, the involvement of a great many organizations and individuals becomes apparent. Of one thing we can be sure: Since the Federal Reserve system was established in 1913, privatizing the supply of paper “fiat’ money, while making gold vanish, it has served  the 2 families and their servants in “The Octopus” far better than it has served the great majority of American citizens.                Interlocking directorships and personal networks reveal an astonishing variety of racketeering between the moneymen, spooks, drug-lords, and the underworld. National Security hides little from America’s enemies. But it hides a great deal from U.S. citizens. The fact that the US Government has been able to pull in all this gold, both Japanese and Nazi war loot and gold from a large number of endangered banks and desperate individuals, and then renege on redeeming their holdings, has enabled the US to acquire companies and properties throughout the world that represent an American financial global empire by massive fraud. US imperial policy pretends to occupy a theological and moral high ground, but that is a farce.


It was put brilliantly by Henry Ford: “It is well enough that the people of the nation do not understand our banking and monetary system for, if they did, I believe there would be a revolution before tomorrow morning.”

There is a deliberate policy being carried out in the world of international finance – mainly by the heads of these 2 families. With several hundred thousand tons of gold in their possession, it will matter little to them if the global banking system collapses under the burden of trillions in unpayable debt. They own the gold, which will enable them to call the shots in re-organizing a new financial order. This would to the detriment of every individual, company and nation- with the exception of the networks of power of these 2 families.

    The Rothschild family started on their road to wealth in 1810 – this is the year when they got out of the wholesale trade and smuggling, and henceforth focused only on finance. Within 2 decades, the family became the dominant force in global finance.

    The Rockefeller family started in 1870, when they incorporated Standard Oil. It was only 7 years prior that John D Rockefeller was in the wholesale business, and soon began trading in oil. By 1910, the Rockefeller family became the richest and most powerful force in the US.

      In short, the Rothschilds had a 60-year head start on the Rockefellers. By 1940, the Rothschilds were still the dominant force in international finance, and were wealthier than the Rockefeller family. It was the recovery of Yamashita’s gold that tipped the balance towards Rockefeller. Between the first recovery, and the second-under Marcos- the Rockefeller family became the wealthiest in the world.

With a current price of $1700 an ounce-this equals to $50 million a ton. Thus, a 100 tons = $5 billion; a 1000 tons = $50 billion, and a 100,000 tons = $5 trillion. Now, the Rockefellers own more than 70% of Yamashita’s gold. Even if it is 500,000 tons- that would be equal to $25 trillion!

       With the western military power under their control, only God can stop them; but until then, mankind has to survive the tyranny of these crazy power wielders. This concludes the incredible story of the world’s biggest secret- the history of Yamashita’s Gold.

PS: there is a site on YOUTUBE called YAMASHITA PHILLIPPINES. It may be worth a view.

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