WHY PHILIPPINE PRESIDENT MARCOS GOT OUSTED
Public seigniorage state notes issued by The Philippines Republic
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.
Eric V. Encina
IMF is a real evil and anyone who knows about it should not stop condemning them until they are in the fires of hell.
Eric V. Encina
FORMER PRES. MARCOS AND HIS STRUGGLES AGAINST INTERNATIONAL BANKERS
Then we found the answer in 1985 when we were approached by an emissary from President Marcos of the Philippines and President Saharte and others from Indonesia. They had a severe problem. Their problem was that, having borrowed all the money that they had borrowed, they now needed more money. The only way that the International Monetary Fund was prepared to lend them more money was if they would do three things:
1. Eliminate their own currencies and become Dollar denominated. This would eliminate cash altogether.
2. If they would go to a unilateral centralized credit card system. This was to be a part of their Social Security system, part of their identity system whereby everybody in the country would have a Social Security number which would be synonymous with a credit card number. Their Central Bank was to act as the wholesaler for credit which was extended to it by the new super bank. This was announced by Paul Volker on the 27th of October, 1985.
3. In order to help the economies of those countries, the International Monetary Fund was going to nominate external non-domestic corporations to properly engineer, exploit and excavate the minerals from those countries in return for PERPETUAL ROYALTIES.
This excavation would bring prosperity to the nation. Marcos was sharp enough to pick up on the word PERPETUAL, and realized he would be signing away the sovereignty of his nation. He was not prepared to do this. Marcos approached us through his emissary, Colonel Christopher Banis. We were aware of this offer made by
the International Monetary Fund through our connections in London who are close to Sir Jeffrey Howe. If they agreed to the International Monetary Fund's terms and conditions, they were to have their existing debts forgiven, absolutely. New lines of credit were to be extended to them and the new lines of credit were to be under better terms and conditions.
When we heard the term PERPETUAL, and when we heard the words "Totally forgiven", we immediately began to recognize what was happening.Another group of holding companies was operating with the previous group of holding companies. The second group of holding companies was receiving credit from the first group to purchase assets and liabilities from the prime banks. The only liabilities they were purchasing were the liabilities represented by the deposits of the Arab nations. The only assets they were buying were the assets represented by the loans made to some of the debtor nations.
It then became clear, through our own people in the Trilateral
Com-mission, that the forgiveness of the Third World debts would eliminate the assets which were being purchased by this second group of holding companies. This left them only with the liabilities that were owed to the Middle East nations and being serviced by the prime banks.The Arab nations had no idea that these liabilities were now owed by the holding companies and that the debtor nations had stopped paying the prime banks. The prime banks' and holding companies' arrangements were that the prime banks were to act as servicing agents for the holding
companies so that the Third World nations would not know that the holding companies were owed the money.
The effect of the elimination of the assets of the second group of holding companies is threefold:
1. The holding companies would be insolvent and would legally be able to declare themselves insolvent.
2. They could legally and legitimately avoid payment to the Middle Eastern Nations.
3. The Middle Eastern Arab nations will have to liquidate all their other assets.
These assets are represented by U.S. corporate ownership
and many billions of dollars worth of U.S. stock. The effect of the Saudis and Kuwaitis and the Middle Eastern people's sale of even 25% of their total holdings on the U.S. market would be absolutely chaotic in terms of the stock market, real estate and everything else.The catastrophic effect has been designed to throw the American stock market, the American corporations, the American real estate, and people in general into a state of confusion. The plan is that this state of con-fusion will begreated with the salvation of the benevolent bankers on three fronts:
1. They propose to eliminate cash because of the collapse.
2. Stop drug trafficking because the drug traffickers would now have no money to use.
3. Stop tax cheating.
NOBODY CAN ARGUE WITH ANY OF THESE REASONS. It is at this point that they intend to implement a mandatory credit card identity Social Security government. There will be an I.D. card
which will be satellite linked through the "Star Wars program".
Only 40% of "Star Wars" has anything to do with defense. 60% is designed for transmission of banking information instantaneously to the central banks which will be the super banks into which all the major banks of the world will be linked. The super bank is to be the wholesaler and the prime banks are to be the retailers in the foreign countries that have capitulated to the International Monetary Fund's program.
It inly takes 5% of the total debtor nations to equal all of the deposits of the Saudis that are in the banks. The reason for this is the twenty-to-one ratio of fractional reserve banking. In works in contrary reverse. It doesn't take many nations to agree to the International Mon-etary Fund's proposal for the total volume of money owed to equal the total volume of money on deposit from the Saudis. Twenty debtor nations have already agreed to the International Monetary Fund's proposal.The resultant collapse of the second group of holding companies will precipitate the Saudis' and Kuwaitis' liquidation of assets.
When the second group of holding companies are unable to pay the private group of bank holding companies the money they owe them from the credit extended to them to buy the assets and liabilities, it will precip-itate those bank holding companies inability to pay the loans extended to them by the prime banks to buy the foreclosed land which was used as collateral to secure those loans. Ultimately, the prime banks will end up with all the properties.
President Garcia of Peru announced in February of this year that they were absolutely not going to pay the International Monetary Fund. Rockefeller himself went to Peru in February of 1986. Rockeffeler personally made the offer to Garcia of the three-point proposal which was mentioned earlier. Garcia told David that if he wasn't out of the country in twenty-four hours that he would have him arrested for racketeering.
You will see the foreclosures on real property in America stepped up drastically by the FDIC and FSLIC. They are using gangsteristic tactics to achieve their objective for their masters.
Since the advent of the manipulation of the oil producing countries to sell all their oil in U.S. dollars, the entire world trade is now denom-inated in U.S. dollars because of the volitility of all the other currencies. The entire trading volume of the world will be totally and absolutely beholden to the super banks. When System 2000 is put into effect, the super banks will be the only source of "U.S. Dollars" credit. There will be no cash."