During his martial law regime dictator Ferdinand Marcos & Imelda amassed $5-10 billion, in this former colony of the United States,
34,000 tortured 3,240 killed, 70,000 imprisoned, Filipino's , , took by force many private & public bu…
During his martial law regime dictator Ferdinand Marcos & Imelda amassed $5-10 billion, in this former colony of the United States,
34,000 tortured 3,240 killed, 70,000 imprisoned, Filipino's , , took by force many private & public businesses & institutions
while the U.S.A provided $2.5 billion in bilateral military & economic aid & $5.5 billion through multilateral institutions World Bank , all buttressing Marcos's rule to slowing comunizum ?
CIA agents blocked FBI investigations of Philippine government agents harassing Filipino dissidents in the United States
Annual Gross Domestic Product grew from $5.27 billion in 1964 to $30.7 billion in 1985,
BUT their international lender debt grew from $360 million in 1962 to $26.2 billion in 1985
The unemployment rate increased from 6.25% in 1972 to 11.058% in 1985
annual rice production in the Philippines increasing from 3.7 to 7.7 million tons
but small, peasant farmers were often pushed into poverty.
1960 Ferdinand Marcos 1st bank account New York City Chase Manhattan Bank , 215K
1968 Zurich switzerland Credit Suisse Walter Fessler helped $950K in 4 checks deposit into 4 accounts for Jane Ryan & William Saunders
1981 foreign banks stopped granting loans to the Philippine government.
1982 Credit Manila starts operations in Vienna switzerland by incorporation of Exportfinanzierungsbank GmbH as a front for the funds
1984 U.S. President distancs himself from the Marcos regime
1985 it is discovered that the Marcos's were moving their hidden wealth in Swiss banks & 56 Assemblymen signed a resolution calling for the impeachment of President Marcos
1986 Marcos's World War II medals for fighting the Japanese Occupation & his guerrilla organization was first questioned by the foreign press
2 National Movement for Free Elections volunteers were hanged in Ilocos during rigged snap elections
a 2 million civilian Filipino 3 day People Power Revolution protest brings down the Marcos regime
t..
