WHY PHILIPPINE PRESIDENT MARCOS GOT OUSTED

WHY PHILIPPINE PRESIDENT MARCOS GOT OUSTED
by Eric V. Encina

Jonathan May stated that when about 1985 he and his colleagues were approached by an emissary from Pres. Marcos of the Philippines. Marcos was in distress because he could not service the massive debts he owed to American banks, and has already exhausted his credit lines with the IMF. The only way was to agree to a radical infringement of national sovereignty. He was to call in his own currency Peso, become dollar-denominated, and subsequently eliminate cash system which would make the Philippine central bank "a wholesaler for credit... extended to it by the new super bank which was announced by Paul Volcker (Governor of the Federal Reserve) on the 27th October 1985..."

In addition to this drastic modification of existing relationships, the IMF would require to have a lien on the islands' natural resources, and "to nominate non-domestic corporations to properly engineer and exploit and excavate the minerals...in return for perpetual royalties, and in return for those same companies' nomination of all the ancillary companies that would be involved with the exploration and excavation.. ." This, said the IMF prospectus, would bring prosperity to the nation. And to make things even better, once the Philippine Government had met the bankers' term and conditions, they would have all their foreign debts forgiven, and operate on credit lines that were much more flexible than before.

But, says Jonathan May, Marcos was sharp enough to pick up the word PERPETUAL, and to realize that in signing the agreement he would also be signing away his government's powers of independence action over its economy and its people. He was not prepared to do this, and feverishly looked around him for external support and alliances. His prospects for maneuver were, however, limited and short duration. Once it became clear that he was unwilling to capitulate to the financial power-brokers, he was swept away in a wave of popular dissent and revolutionary fervor.

However, the dethronement of Mr. Marcos was a plot of the global manipulators led by the CIA through an agreement with the US-exiled political nemesis Benigno Aquino who was assassinated that until now A MIND-BOGGLING MYSTERY- who assassinated him that led to People Power Revolution and elected US-IMF-WB-favored Corazon Aquino. Mr. Marcos has also introduced the creation and print of money BAGONG LIPUNAN CURRENCY DEBT FREE through the use of Central Bank of the Philippines- ---which I highly suspect was one of the prime reasons why MR. MARCOS WAS PLOTTED TO BE DETHRONED FROM PRESIDENTIAL POWER. Creation of sovereignty money debt free or interest IS AGAINST THE DOCTRINES OF THE IMF AND THE WB.

Dr. Erick San Juan quoted David Smith of Newswatch magazine that "Representatives from the Philippines and Indonesia went to (Jonathan) May and disclosed that agents from Chase Manhattan Bank and other banks would 'forgive' the loans and interest payments if they would (1) eliminate their National Currency; "(2) dollar denominate their new money system; (3) use a debit card system instead of a currency system; and (4) grant the international bankers (the Raiders) perpetual rights over all natural resources. Ferdinand Marcos of the Philippines refused to accept those conditions, and was deposed shortly thereafter."

Debt Free Money Creation of Philippine Peso Bagong Lipunan:

Former Phil. Pres. Marcos used the FACILITY OF BANGKO SENTRAL NG PILIPINAS OR CENTRAL BANK OF THE PHILIPPINES to create and print the FIAT MONEY PESO CURRENCY NOTE AND COINS which we "called BAGONG LIPUNAN CURRENCY" rather than borrowing from the foreign and IMF and WB. In fact, I HAVE MY OWN FIVE PESOS CURRENCY NOTE HERE with me under Marcos. BUT THIS INFORMATION IS HID FROM THE PUBLIC. MARCOS WAS DESTROYED BY THE CIA, AND DEMONIZED BY IMF AND WB along with the communists.

Please check BAGONG LIPUNAN CURRENCY IN THE PHILIPPINES.

It is also revealed by certain JONATHAN MAY from the USA or UK, a former journalist who is believed to be in prison and arrested by the CIA because of his revelations how the international finance caused the third world nations in the dungeon of debts.

Marcos's opposition to IMF and WB:

In 1980's during the time of great President Ferdinand E. Marcos, he vehemently opposed the system of IMF and WB. He proposed debt moratorium, cessation of debts and proposed Bagong Lipunan creation of Government Peso money debt and interest free which for sometimes he did from his Martial Rule power. But it did not last long as he was successively and heavily opposed by the International Bankers and countryside communist rebels. He was demonized by the Western-based and local economists and condemned by political enemies. He was dethroned from power by silly popular uprising known as 'PEOPLE POWER', was accused of graft and corruptions, dictatorships and alleged to have been the brain of the assassination of his political opponent Sen. Benigno Aquino, Jr. who was exiled in USA in 1980's and was able to garner political supports and sympathy of the international institutions and communities. But all these wild accusations against Pres. Marcos and his family until now were not proven true because evidences presented have been too weak and unfounded. All these things were fabricated by the global manipulators, international bankers and the communist rebels. Pres. Marcos has fought hard against the policies of the IMF, and had in mind to continue creating all the Philippine money through seiniorage system through the Philippine Central Bank instead of borrowing money at interest to International Bankers. His dethronement was found to have been caused by major manipulation and international plot of the international financiers and global manipulators. Pres. Marcos was also advocating 'ASIAN DOLLAR REGIONAL CURRENCY' in the 1980's but was not materialized because of the mountainous oppositions of the global mega-bankers.

Following the People Power Revolution the 1st in 1986, Mrs. Corazon C. Aquino was appointed President of the Republic, then followed by President. Fidel V. Ramos, a military in 1990's, followed by President Joseph E. Estrada in 2000-who was also ousted from power on another preposterous accusation of economic plunder and yet until now unproven, and followed by another People Power Revolution the 2nd and appointed Mrs. Gloria Macapagal-Arroyo in 2001-2004, re-elected last May 2004 Presidential and National Election for another term of 2004-2010.


Public seigniorage state notes issued by The Philippines Republic