Large stash of Gold Bars found in cave

No mention on the media based on what I see.
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Also, If it was real, it would be incredibly stupid to film it and post it publicly if you want to keep it. It could have been seized by the government and hushed up, or more likely just someone wanting Youtube views and fame by faking a discovery.
 

Gold for gold. Find the gold. Share the gold. Philippine Islands are “Riches Country in the World!” There are 950,000 metric tons of gold ( declared missing in the International Court of Justice in Hague) picked up by Yamashita from its European Ally, Hitler and another 250,000 metric tons of the Japanese loot around Southeast Asia are both now in the Philippines. Very few Filipinos knows this( Wall Street Journal, November 15,1985 issue wrote: “ Two Thirds of all the gold in the world is in Philippines and One third is divided among the rest of the countries of the world”) ; During A TALK SHOW in a U.S. TV , the week following the bombing of the New York Twin Towers, President George Bush was asked this question: Which is the richest country in the world today? With a smile he said; “The Philippines.” In a US TV interview as well with President Barrack Obama, in his “700 Billion USD stimulus funds” for US economy, he was asked a question where will he get the billion dollar substantial funds needed and quoted saying. “We have friends outside US who will support us”.

The branded Yamashita Treasure was considered “booty”. There were varied country claimants who are victims of the said WWII loots and these countries filed protest and claims after the war in the International Court of Justice. Though, there was a passage of law for thirty years starting 1946, that without a valid claim against it this “booty” it would belong to its new possessor. That would have been in 1976. However, the International Criminal Court (ICC) extended the deadline of the claims to 10 years up to 1986. With the conspiracy of the International Banking Cartel, neither the ICJ denied the existence of these gold and claims. Sadly, Successive governments of the Philippines denied its existence and failed to acknowledged the gold. For almost 24 years, Information has been conspired to keep from being known to Filipino people.

This country is approximately a holder of estimated 1.2 Million Metric Tons of buried Gold excluding gold bullions way back to history of the “Maharlika” time. Only some of the Yamashita and Prince Chichibu buried gold in the Philippines has been found and the bulk of it is still around all over the archipelago to this day. Up to now, thousands of local individuals, company and foreign groups ventured secretly digging for it, including Japanese Treasure Hunters.

These gold loots are kept, transported, hoarded, concealed and buried in said to be 175 “imperial” vaults constructed in a maze of underground tunnels in the Philippines under the command and implementation of General Chichibu . The looting started in December 1937 in China’s Chinese Capitol of Nanking up to the advent and action of WWII .

Prince Chichibu is the younger brother of Emperor Hirohito and had been selected to head the ultra-secret treasure recovery team. The Prime Minister, Prince Asaka had come from the Emperor with instructions to fully implement the plan. This led to the Rape of Nanking and the death of 300,000 Chinese civilians and military. Many had been tortured to reveal the locations of treasures and summarily executed. This secret team was given a code name of the Golden Lily after a poem the Emperor had once written. 6000 metric tons of gold were recovered from Nanking alone plus silver and precious stones.

Prince Chichibu

Top military and government officials meet in Mukden, Manchukuo in late 1936 to discuss the forthcoming war with the Chinese, Americans, Netherlands and French. The Emperor of Japan and others had developed a plan to finance the expansion of their military and to construct the ships, planes and other military hardware that would be required in order to implement their plans.

In December 1937 Japan had openly declared war on China and had surrounded the Chinese Capitol of Nanking. Prince Chichibu, the younger brother of Emperor Hirohito had been selected to head the ultra-secret treasure recovery team code name: Golden Lily.
In July 1940, Winston Churchill, the wartime Prime Minister of Great Britain, met with Lord Beaverbrook. France had just fallen to Hitler's blitzkrieg. The Germans had amassed their troops in the ports of France ready to cross the English Channel and invade Britain. Churchill had learned that the French had transferred their national treasures to French Indochina just before they had signed an armistice with the Germans. He had also learned from the Queen of The Netherlands that they had moved their treasures to the Dutch East Indies. He and the King of England decided to move the British treasures to the supposedly safe island fortress of Singapore off the southern tip of the Malay Peninsula.

In 1941, Japan had sunk most of the American Pacific fleet with a sneak attack on Pearl Harbor. On December 1941 Christmas Day, Japan had taken most of the major port cities of China and had forced the British into surrendering Hong Kong. By early January 1942 Japan's victories had been nothing short of miraculous. Guam and Wake lands had fallen. Japan had assimilated Thailand and the northern part of French Indochina. The Japanese had launched a vigorous invasion of the Philippine Islands and were pushing the Americans into a final defensive position on Bataan. Her armies were fighting their way down the Malay Peninsula approaching Singapore. Although the Japanese were encountering little resistance they were greatly outnumbered by the British and Indian troops. The Golden Lily team had been greatly expanded to handle these rapidly changing situations. It is fair to say that they were actually overwhelmed.

Emperor Hirohito had requested Prince Chichibu to fly to Hanoi in French Indochina to meet with his younger brother Prince Mikasa.
The Japanese secret police had learned that France had sent their National Treasures there.
But, where were they hidden? Prince Chichibu had ordered the torture of the Bankers and former Diplomats in order to find out. They learned the treasure had been sent to Saigon by rail just before the Japanese troops had moved into Hanoi. The treasure had been hidden in the ruins of an ancient temple at the end of track. The excitement of this recovery was only overshadowed by later events.

The fortress of Singapore fell to General Yamashita and with General MacArthur being ordered out of the Philippines, the last American and Filipino troops on Bataan and Corregidor surrendered to General Homma. The infamous Death March began. The Japanese victories on all fronts were extremely heady. They began to believe in their own invincibility. Burma was now in Japanese hands and invasion plans had been drawn up for a move into Northern Australia. Asia and Southeast Asia and most of the Islands in the Pacific were as good as theirs.

Prince Chichibu in Singapore was elated when his team found the treasures of Britain stored in the banks. The collection of wealth throughout the conquered lands continued. With over 5000 years of Asia's antiquity to pillage, the amounts collected were astronomical. Far surpassing what was thought to be the total amount of gold ever mined throughout history. With Shanghai in their hands the Golden Lily team found themselves stretched to the limit in keeping up with the collection and melting down of the precious metals. Another surprise experienced by Prince Chichibu was the discovery that the Dutch had moved their treasures to Batavia in the Netherlands East Indies. Now, not only did Japan have the wealth of the Asian continent, but they were rewarded with much of the European treasures as well. Hitler's loss was Japan's gain.

Japan's luck had begun to run out by May 1942. Their first setback was the Battle of the Coral Sea where the Allies had forced Japan to turn back her invasion fleet which they had planned to land in New Guinea. The following month they suffered a further major setback with the Battle of Midway where Japan lost four of her front line fleet carriers and the cream of her trained aviators. These were the same ships and pilots that had attacked Pearl Harbor five months earlier. In August 1942 the Americans landed an invasion force on Guadalcanal. Japan tried for months to dislodge the stubborn American Marines but eventually had to concede this unknown but important island base. After that Japan could never again launch another major offensive anywhere. The war would continue for another three years while the Japanese slowly lost the lands that they had conquered. Japan's dream was over and their nightmare had begun.

By mid-1942 American submarines and aircraft had begun to take a serious toll on Japanese shipping. Prince Chichibu could no longer send the many tons of treasure back to Japan with any guarantee that it would get there and not end up on the bottom of the ocean floor. Actually he had to revise his thinking about where to send the treasures after the Midway fiasco. Following a meeting with his brother, the Emperor, it was decided that the treasures should be hidden in the Philippine Islands. Why the Philippines? Because Japan was certain that they would end up with these islands during surrender negotiations with the Allies. Also, it was the shortest distance from Hong Kong and Singapore where the material was being processed.

Prince Chichibu had begun shipping material to the Philippines even before this decision was made. It was originally intended to be sent on to Japan in returning war ships. The Prince was still nervous about these shipments even after the decision was made. He commandeered four large freighters and had them painted all white with a red cross on their sides. These were "hospital" ships which he loaded with the many treasures. To be absolutely sure that even these ships were not molested he announced their movement on a clear radio channel so that the Americans would know their times of departure and their courses.

PRINCE CHICHIBU IN THE PHILIPPINES

Prince Chichibu had moved his Headquarters to Manila in the Philippines. He had entrusted his younger brother Prince Mikasa and his cousin Prince Asaka to continue the collection of the treasures. Before he left he had begun to cut up the many golden pagodas and Buddha’s which were being melted down and poured into 75 kilo bars. This amassing of the treasures would continue until Japan ultimately surrendered.

Prince Chichibu was now faced with new challenges, Where and how to hide the treasures so that they could not be accidentally discovered after the war. The Prince was not as certain as his brother, the Emperor that Japan would end up with the Philippine Islands following their defeat. He decided that these treasures would have to be hidden in deep, well-engineered tunnel systems. He had no experience in mining and basically that was what was going to be required.

Major Nakasone was the only member of the Golden Lily team who had any mining background. He had studied mining engineering but never had any on the job training. He sent for him anyway. In the meantime he asked The Emperor for help and he responded by having someone locate twenty experience men in underground excavation in Japan who were quickly sent to the Philippines. If the Prince needed more workers, he would have to get them from the Filipinos. In addition the Emperor had reminded Chichibu that the POWs of the Americans and the British contained a lot of engineering experts especially those who served in the construction battalions.

Manpower was the least of his problems. There were thousands of POWs who the Japanese considered expendable. If that wasn't enough then there were millions of Filipino males that could be used. As soon as here received his experts he immediately began work in a dozen locations. While this was going on the treasure ships were arriving weekly and their precious cargo had been added to the other treasure already stored in heavily guarded warehouses. There were other problems; the movement of the cargo from the ships to the warehouses attracted a lot of attention. Chichibu decided to construct an underground tunnel system from the piers to the warehouses which were in the capture American base named Fort McKinley. Eventually this tunnel would branch out under Manila and run for 35 miles. The entrance was in Intramuros, the ancient walled city of the Spaniards, which was near the docks. It terminated at MacArthur's headquarters in Fort McKinley.

Prince Chichibu had to make some other major decisions. Why not hide all the treasure in one large location? The Emperor had answered that question. Security!!! Too many people who had worked on the location would know where it was, also if someone should accidentally find the location all would be lost. Early on the Prince had made the decision that except for a few foreign engineers the entire work force would have to be exterminated. The next question was where could this work be done where the local population would not be aware of what was going on there. Japanese military bases were perfect. Only the military had access to them and most bases had POW camps nearby. Prince Chichibu visualized that when the Americans returned to recapture the Philippines that there would be massive bombings. The map makers needed permanent landmarks in order to relocate these sites after the war. The Americans had shown in Europe that they would avoid bombing historical buildings. The four hundred year old historical Spanish Churches and fortifications were perfect. But just to make sure he would house American POWs in them, mainly women and children. He would then arrange for clear radio communications to announce this fact. It worked, the Americans spared these sites.

Major Nakasone was at Fort Santiago, a 16th century Spanish fortification, collecting slave labors from the Kempeitai Headquarters’ dungeons and torture chambers. One of the physically strong Filipino's he selected was Leopoldo Giga. Nakasone knew a Colonel Kantaro Giga who was one of his instructors at the military academy. Out of curiosity he decided to personally interview Giga. He found him an intelligent, 28 year old, who spoke fluent Japanese. He also learned he was a nephew of his academy instructor. Giga's father was the brother of the instructor who was a minor diplomat who had been attached to the Japanese Embassy in the Philippines 1913. Giga's mother had met the Diplomat and had become his common-law wife. Another advantage that Nakasone found in Giga was that he spoke two of the main dialects of the Filipino people. Instead of making him a slave laborer he assigned him to his staff. Giga came to the attention of Prince Chichibu who had him commissioned as a sub-lieutenant in the Imperial Army. He was sent to Japan to attend schooling on tunneling and inventorying the treasure. He returned a Captain and worked on most of the treasure sites.

Prince Chichibu was in Nueva Vizcaya in early 1942. He was examining a major excavation outside of the town of Bambang. He and his staff had a young Filipino boy who had come down with a fever and had died. He had been a houseboy who did the laundry of the Prince and his staff as well as kept their boots and other equipment cleaned and polished. He sent his aide out to locate a replacement. The Aide came back with a 14 year old uneducated farm boy whose name was Benjamin Valmores. During the next three and a half years Valmores traveled with the Prince to many of the sites all over the Philippines. He learned Japanese and a smattering of English. He was never allowed to go down into the tunnels, but he watched them being constructed and filled with the treasures. He and Giga would survive the war.

As the war reached its inevitable climax in early 1945 the Japanese were receiving more treasure than they could prepare sites for in which to hide it. Their warships became useless due to the American air- superiority, so they loaded them with these newly arrived treasures and pretended they were being sent back to Japan. Instead the Japanese deliberately sank or scuttled these ships and machine-gunned their own men so that the ships would go down in predetermined locations and no witnesses would be alive to tell the tale. There were thirteen of these planned sinking’s. Some of these went down in Manila Bay; others were sunk in not to deep Philippine Waters throughout the archipelago.

The bloody war was over. The hopes of Emperor Hirohito and others to force the Americans to agree to a treaty that would allow Japan to keep some of the lands they had taken by conquest had been shattered. They had planned the final battle that they were certain would cause the Americans over a million casualties when they invaded the Japanese home islands. The two atomic bombs and Russia's invasion of Manchuria in an attempt to annex some of Japan's conquered lands had cause the Emperor to agree to an unconditional surrender. Now the conquerors wanted to bring to justice those who were responsible for the many atrocities. Over 4000 war criminals were charged. Of these 2400 received a prison sentence of three years or more and 809 were ultimately hung.

THE BRANDING OF “YAMASHITA GOLD”

The famous Yamashita Gold treasure trove takes its name from General Tomoyuki Yamashita, who assumed command of Japanese forces in the Philippines only in 1944, a year before the war ends. But, the irony of it, the whole treasure troves was not all buried by Yamashita as many believe. There are team of Japanese Officers and Generals assigned who lead the 14th Army in the Philippines ahead of him since the Japanese invasions and occupations in 1941 .

These generals were Lt. General Masaharu Homma ; Vice Admiral Ibo Takahashi; Vice Admiral Nishizo Tsukahara; Lt. General Shizuiki Tanaka; Lt. General Shigenori Kuroda and some of their Chief of Staffs Major Gen. Takaji Wachi; Lt General Haruki Isayama; Lt. Gen. Tsuchino Yamaguchi; Lt Gen. Ryuzo Sakuma and Lt. Gen. Akira Muto were burying already the bulk of gold loots carried over by the command and implementation of Prince Chichibu or General Chichibu way back starting 1942 up to early 1945. Only why it was branded as “Yamashita Gold” due to first news informed treasure recoveries in the late 70’s particularly of “Roxas – His Golden Budda” and the gold recoveries of “Sta Romana” in Northern Luzon buried by Yamashita who also was in charge then for the quick burying concealment because Japan is already losing the war . He was as well-known as “Tiger of Malaya” and strongly identified as the general tasked to transport the bulk of gold loots from Singapore to Philippines by Japanese Navy Fleets carrying himself to his new command post in the Philippines in September 1944 as 14th Area Army Commander. And the fact that, Yamashita was the last General on command of the Japanese forces in the Philippines during the unconditional surrender of Japan in 1945. The "gold" includes many different kinds of valuables looted from banks, depositories, mosques, temples, churches, shops, museums and private homes. It was intended that loot from South East Asia would finance Japan's war effort. Most of the loot was first shipped to the port of Singapore, where it was then relayed to the Philippines. From the Philippines, it was intended that the treasure would be shipped to the Japanese home islands which did not materialized.

When the gold was buried, it was done in anticipation that the Americans would defeat the Japanese and the underground vaults, tunnels, and entrances were booby trapped with gas, explosives, and water. The water traps were created by digging 300 - 350 feet underground in the dry months, at which time the water table was at its lowest.


As the Pacific War progressed, Allied submarines and aircraft took a heavy toll on Japan's shipping. Some ships carrying gold loots back to Japan were sunk. The Japanese military began to hide the loot in caves and underground complexes throughout the Philippines, hoping to recover it after the war was over. Many of those who knew the locations of the loot were either executed or incarcerated for war crimes, including Yamashita. Thus, the whereabouts of the treasure locations were lost. Many years later, Former Philippine President Ferdinand Marcos located some of the treasure and obtained part of his personal fortune from it. His recoveries are known as the "Marcos Gold “or “Marcos Wealth". Aside from these finds, others finds are not sufficiently documented.

HITLER’S NAZI LOOT OF EUROPE, THE VATICAN AND ANTONIO DIAZ STA ROMANA CONTROVERSY:

In the early 1930’s, Europe was in depression and Germany was financially bankrupt, An unknown party leader emerged and promise the German people that he could create jobs and boost the economy. The Germans dared him and put him in power. His name is Adolf Hitler. In 1933, the Vatican and Hitler, a Roman Catholic signed a concordat and mutual protection and enhancement. That was apparently that Vatican was spared of the ruins of war in Europe during WWII. “Hitler was loaded with gold and money”. He built a massive army and manufactured weapons of war. Then Hitler took Poland. Before 1918 there was no Poland. That land was part of Germany and used as a buffer zone to separate Germany from Russia. But when Hitler reclaimed it, England declared war on Germany.

By the advent of the WWII, Germany and Japan made strong allies and positioned their army forces and manufactured weapons not only for war or expanding their empire but conquest for wealth and connived for the European and Asian Looting.

After the War, accordingly “Fr. Jose Antonio Diaz,”aka Fr Hayes; Severino Garcia Sta Romana, et al and other used names formerly of the OSS and CIA was entrusted by the Vatican to take charge of Vatican gold buried on the Philippines. The claims of the “Vatican gold” was identified as bullion that had been “captured by Hitler” and that had belonged to the royal families of Europe and been placed under the trusteeship of the Vatican. It also includes gold bullions that was plundered by the Japanese under General Chichibu and buried in the Philippines.

Fr. Diaz had “assumed several names when he moved to the Philippines.” One of these was “Col. Severino Sta. Romana.” Being with the OSS after the war, he was able to retrieved, unlock on only some of the buried gold bullion treasures in Northern Part of Luzon, Philippine Island. By peacetime, he was also the major catalyst for the safe return of 640,000 metric tons of Gold owned by the royalty family of the former “maharlika” or the Philipines borrowed by the Vatican in 1939 and facilitated its return to the original owners in Philippines and rewarded with paid commissions of 30% of the returned gold. The value of the gold now estimated at $4 trillion in which anyone could raise eyebrows its existence. Where it is now? It was noted that Sta. Romana during that time had “hired the young Marcos as his lawyer and trustee.” By 1949, It was said the Two (2) richest man in the world were Fr. Jose Antonio Diaz and Atty. Ferdinand E Marcos . Perhaps, there is a good reason to believe now for people who defended and stay on hold to the programs of the former “strong man” that his wealth is “Not Ill-Gotten”.
In 1974, Fr, Jose Antonio Diaz, alias Severino Sta. Romana died and all that 30% commission in gold become the legendary “MARCOS GOLD”. In power, after providing for his family in Marcos “Letter of Instruction”, the whole wealth derived from this was supposed to be given to the FILIPINO PEOPLE. However, the “MARCOS GOLD or MARCOS WEALTH” was labeled as “Ill-Gotten” as some of Philippine Politicians and Churchmen kept on saying. There was nothing secret about the said.. “Marcos Secret Account”. History of and by the said “Letter of Instructions”, will show that the money was not stashed away and inaccessible but available to truly deserving Filipinos. Filipinos should know this. The grand scheme of these with these International banking cartels with the backdrop control of Superpower Nations with so much interest no less than by greed so that this country and its people will remain a slave and shackled to these foreign powers. They don’t want our country to be made a “ First World Country”. The phony scheme of the CIA backed EDSA “PEOPLE POWER REVOLUTION” exhibition in 1986 continually blinded FILIPINOS up to now and keep repeating that MARCOS was a thief so that those hundreds of billions of “ MARCOS WEALTH” will remain froze and not given to the Filipino people.
WHO SHOULD OWN THE GOLD TREASURES IN THE PHILIPPINES?
Apparently, after 1986 under the International Court of Justice, the gold treasure buried in the Philippines or in other nations will be owned by the possessor of it. Who are they? For Filipinos, It’s us Filipinos who have the control of private or government land allegedly to contain of these buried gold loots. However, in reality, we have to accept the fact that it was not ours since time in memorial this gold was owned by varied international country claimants. But who to prove it that it’s theirs? Even the International Court of Justice up to now denied its existence for reason how will they prove it? To “someone” who had accumulated the German and Japanese plundered gold gathered in by General Chichibu and General Yamashita obviously preferred not to come forward with their claims because such claims would possibly reveal the source of such wealth. To take note the Japan’s ravage of the war in Burma and Asian neighbors where their historical and ancient gold was looted , was cut , stripped, melted and formed into another gold bars. The war was over and it would be difficult to identify the actual ownership of these gold if found. However, gold hallmarks can do so, and the hallmarks still carry international warrants for claims. The come and go to the Philippines of mandates and representatives by the international gold bullion buyers from Europe, China, America etc. are taking advantage of huge buying % discounts from who would be finders and holders/sellers of the gold loots. To note, before transporting these items , a must buying policy that these hallmarks of gold identity would be first erased or removed and re-melted again into new dory or plain bars form before shipment and payments. Other buying schemes would have it shipped out after making any financial payment guarantees to the sellers and after re-smelting and refining, payments can be done off-shore. Thus, legalizing and documenting said gold treasures would be easy for them.
 

It would be on world news, here and everywhere. If true, they will need a big truck to cart it all away.
 

The price of gold would drop a whole lot. That would be one reason you wouldn't hear about it. Suppression so not to destabilize the market. Just the way it goes.

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Gold-maven, this video has been "making the rounds" for quite a while now. It's clearly and simply the latest on the twist of attracting investors. They'll say they "need money/investors to hire lawyers" now. Or "need heavy equipment to bring it to the surface now".

History of this legend is RIDDLED with people who got taken in Yamashita investment scams. This is merely more of the same. And ..... to make it fit with the cultural lore (of those who believe in this treasure), sure enough, it's got to be booby-trapped. You can't have a good Indiana jones movie afterall, without a few booby-traps thrown in, right ?

embrym said:
.... There are 950,000 metric tons of gold .....
Click to expand...

embryn, go to the wiki article on the subject. Read the section titled "treasure skeptics". I think you will see that you're not dealing with certain treasure. All that you're saying is merely conjecture (but so fun to believe in, I know). And there are much more plausible logical data that point to this being nothing more than ghost-story superstition telephone game "gone awry".
 

Tom_n_ca , All true. Treasure is real. Facts are facts. You have always been a nay-sayor on this topic. You seem smart enough to do your own due diligence so i wonder what your motive has been?? Just google the Federal court case in Hawaii against Marcos. Again, facts are facts. Have you been paying attention to what has been going on the last 10 days in Baguio? 2MT a day being remove from under convention center going to Philippine Central Bank. Do your DD.
 

embrym , we CAN NOT take up valuable forum space and reader patience by re-hashing it here. All that you're saying can be explained away with more plausible explanations. I simply can not "start over" with this. Go to the subsection of Yamashita Legend on T'net, and search for all posts I made there ("Tom_in_CA"), and ... you will see it's already been hashed out.

Oh, and I have no doubt that you will read in the news of "found" (past tense) in relation to this. And can draw all sorts of conspiracy conjectures about this. Anyone who supposedly finds it, ALWAYS phrases it in the past tense "found". But sleuth a little deeper, and you'll see that they have "found" a map. And narrowed it down to a certain mountain or whatever. All they need is heavy equipment to go 70 ft. deep, secure govt. permits, blah blah blah. But in their mind's eyes they've "found" it (past tense). Even though not one red cent has come to the surface.

Hence, sure, there are no doubt scores of links and newspaper articles using the word "Found". And ... heck, maybe even cool pix and videos like the one that started this thread. But .... just like the famous Roxas lore, no treasure is ever there to be looked at, held, examined, etc..... It'll all be wrapped up in conspiracies, blah blah.
 

I saw a special on the boob tube awhile back about the general who buried tons of gold like that. The treasure hunter ask a bomb disposal expert how to go about identifying the booby traps he might find in his searching for it. I laughed my arse off after this elderly expert showed the instability of the booby traps and how powerful the charges were. I guess if you found the booby traps you were getting close to the gold. I guess it all depends if you feel lucky?
 

Only if the powder is dry. Well there is nitro. Step on something and boom. Then the rest of the party knows there something close by. As for the person who discharged it, we'll there everywhere.we are talking old school. Other than that it's floor drops and poison arrows.

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You're probably right Tom in Ca., smells fishy, looks fishy, it probably is.
 

Well Tom, that one for your side. Lol. Even if real the powers to be would not let that much gold on the market at one time. They would cover it up quickly.

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The Emperor's Golden Lily
While the size of the Bormann treasure is not known with any accuracy, it undoubtedly is the largest Nazi treasure that has not been recovered. The only other treasure remaining from WWII that could rival it in size is the Golden Lily treasure collected for the Japanese Emperor. While the Nazi treasure has been the subject of numerous searches and research, the Japanese treasure has been largely left unexplored. While the Nazis appointed a special unit of the SS, Devisenschutzkommando to take charge of the looting of Europe, the Japanese likewise had a special unit. Whereas, the Nazi unit employed Frenchmen to locate gold and currency on a ten percent commission, the unit was plagued by individuals seeking to enrich themselves rather than the Third Reich and much gold was siphoned off into private treasures. Seeking to avoid a similar problem, Hirohito appointed Prince Takeda Tsuneoshi as chief financial officer of the Kwantung Army. Several princes were involved with the Golden Lily operation. After the Japanese invaded China in 1937, the Golden Lily operation conducted a parallel operation. Loot was amassed and trucked to Korea for shipment to the Japanese homeland.
In 1939, the Japanese invaders suffered a stinging defeat at Nomonhan after a border clash with the Soviets. It’s worth noting that this was the first battle in which the Japanese Unit 731 employed biological warfare, using typhoid bacteria. The experiment was a failure. In 1941, Roosevelt signed a secret agreement with Britain and the Netherlands agreeing to go to their defence if their colonies in Southeast Asia were attacked. In 1940, Prince Chichibu was appointed to head the Golden Lily. He and Takeda traveled throughout China and Southeast Asia, overseeing the looting and shipping the treasure back to Japan aboard hospital ships. By 1943, the United States submarine blockade of the home islands became effective. This forced Prince Chichibu to move his Golden Lily headquarters from Singapore to Luzon. He spent the next two and half years inventorying and hiding the treasure in a series of vaults, tunnels, and caves. The treasure was hidden in a total of 172 sites. The hope was Japan could arrange a cease-fire and be allowed to hang onto the Philippines as a territory and then recover the treasure at their leisure.
Besides using the Philippines to hide the treasure in the last year of the war, Japan hid gold at sea by scuttling ships. The cruiser, Nachii was torpedoed by a submarine in Manila Bay. The submarine then machined gunned any survivors to ensure secrecy. President Marcos recovered the gold from the Nachii in the 1970s. In 1997, A Japanese television crew filmed the recovery of 1,800 gold bars worth $150 million. The Igorot Hill people had discovered the gold. After the death of Prince Chichibu in the 1950s, a member of the Imperial family confided that the Golden Lily had amassed over $100 billion in treasure, much of which was hidden in the Philippines. He also confirmed that the prince had escaped from MacArthur’s advancing forces by submarine.
The hospital ship, Tenno Maru, arrived at Yoksuka Naval Base loaded with causalities from the Philippines and 2,000 metric tons of gold. Days later it moved to Maizura Naval Base, where additional treasure was put aboard. The ship then sailed at night. Its crew was murdered and the ship sunk in the bay. In a secret operation in 1987, Japan recovered the gold. Another hospital ship, Awa Maru was sunk mistakenly off the coast of China in April 1945. Aboard the ship was 40 metric tons of gold, 12 metric tons of platinum, 150,000 carats of diamonds, a large quantity of titanium, and other strategic materials. Old mines in the Japanese mountains served as repositories for portions of the Golden Lily treasure. Near the Olympic Village of Nagano, a tunnel complex was dug by Korean slave labourers. A ten kilometer tunnel completed the complex. This complex was used to hide portions of the Golden Lily.
The Allies had made it clear that they intended to prosecute Japanese war criminals in the same manner as Nuremberg. However, unlike Germany, only a few generals and admirals were ever convicted. The archives in Japan had vanished. The United States took exclusive control over Japan, unlike the four zones in Germany. President Truman appointed MacArthur as the Supreme Commander. For six years after the surrender of Japan, MacArthur held virtually unchallenged power. As Supreme Commander he ignored the Far Eastern commission of eleven nations. MacArthur had the power to reform the country, but instead left it in the same hands that bombed Pearl Harbor. The only reform implemented was the successful land reform that went ahead before it could be blocked. Washington D.C. was at least partially responsible for the lack of reforms. The liberals in Washington wanted reform while the conservatives blocked all reform efforts. The conservative Democrats and the Republicans held Congress until the 1946 election when the Republicans regained a majority of seats, putting Congress solidly in the conservative camp.
There were great plans for reforms, such as the dissolution of the zaibatsu, conglomerates, banking reforms, and a new constitution as well as restitution payments to nations ravaged by Japan. None of these plans were ever implemented. MacArthur killed those plans and was soon backing away from punishment of war criminals. To protect the ruling elite, MacArthur soon banned all labor demonstrations and canceled the right of labor unions to strike.
Just as the denazification of Germany had been sabotaged, the democratization of Japan was sabotaged by MacArthur and his staff with additional help coming from the former ambassador to Japan, Joseph Grew, and former President Herbert Hoover. Grew had been ambassador to Japan appointed to the post by Hoover in 1932 and was acting secretary of state in 1945. His wife was a grand niece of Commodore Perry and her mother was a Cabot. Grew was from the top society of Boston and was deaf to those beneath his stature in society. Grew’s family had long time ties to Asia. The Grews had been bankers, who underwrote the opium clipper ships of the 1800s.
Grew had started sabotaging the democratization of Japan during the war. During the war Grew held private talks with Japan’s ambassador to Switzerland and promised that the United States would not prosecute Hirohito and that he would be allowed to keep his throne. Such a promise was adamantly opposed by both the Roosevelt and the Truman administrations, which both called for unconditional surrender and prosecution of war criminals.
Grew however, knew he had the backing of some of the most powerful figures in American politics and high finance. He left it up to Bonner Fellers to see to it. Fellers was a former OSS agent attached to MacArthur’s command who had been stationed in Cairo in 1941. While stationed in Cairo to observe the British operations in North Africa, he transmitted reports back to his superiors using the black code. The Italians had broken the black code and within minutes of Feller’s transmissions, Rommel knew the positions of British forces and battle plan. After being transferred to the states for a brief period Fellers was attached to MacArthur’s command.
The groundwork for sabotaging the peace in Japan had been laid out by Grew and Hoover. Fellers was friends with both and had acquired a reputation of being an expert on Japan. He had been stationed in the Philippines in the 1930s and had made frequent trips to Japan during that time. Hoover used Fellers during the occupation of Japan to convey ideas to MacArthur. MacArthur used Fellers in turn to push his presidential ambitions to Hoover and the Republican hierarchy.
As president, Hoover showed little concern about foreign affairs. However, after his defeat and as the war clouds descended on Europe, he took an active interest in foreign affairs. In 1938, Hoover met with Hitler. Even at this late date, Hoover still would have aligned the country with Hitler to defeat Stalin. He was also a friend with Japanese royalty from his time spent in China. Hoover wanted Japan to be a conservative Pacific outpost strongly opposed to communism. He wanted Japan to be allied with the US and to act as an Asian base for the Republican Party and its Wall Street cronies. Once he could cleanse the emperor of any guilt over the war, he could cleanse the government and Japanese factories would be humming again.
Hoover’s and Grew’s plan to cleanse the emperor and the Japanese government of any war crimes had to be kept secret. There were still far too many, bitter war memories from Pearl Harbor, the Bataan death march, and Japanese forced labour camps. As late as 1945, Congress had voted that Hirohito should be tried as a war criminal. Fellers and another Grew protégé, Max Bishop, engineered the cleansing process. First, to discover the true extent of Hirohito’s guilt, they questioned Japanese officials and indicted war criminals in secret. Once all the facts had been assembled, they sanitized each incriminating bit of information by suborning witnesses. Before the trials could begin, several adverse witnesses conveniently died. American POWs on their way home were forced by US intelligence to sign documents forbidding them to talk about the harsh treatment they received at the hands of the Japanese.
While MacArthur was quietly trying to stop the trials, he received a blunt reminder from the Joint Chiefs to get serious about bringing the Emperor to trial. Despite such orders, MacArthur would not permit a trial of Hirohito. MacArthur even put Hirohito on the public relations circuit, showing him shaking hands and portraying him as a great pacifist. Behind the scenes, MacArthur and Fellers were castigating anyone not falling in line with the opinion that the war was the fault of the military.
MacArthur’s list of war criminals was remarkably short. Of 300 cases investigated only 28 appeared before the court. Only seven were executed. All of those hung were Choshu and not Satsuma. This may have been a payoff to the royal court from a long-standing feud dating back to the early days of the Meiji Restoration. Even post war maps omitted the name Choshu after renaming the prefecture Yamaguchi.
Chief prosecutor was Joseph Keenan, the eleven-member panel of judges consisted of a judge from each Allied nation. Some of the criminals high on the list were granted pardons arbitrarily. For instance, the British decided not to prosecute a naval officer who ordered the machine gunning of 600 British sailors trying to stay afloat after their ship had been sunk. MacArthur ordered that not a single bit of information about biological warfare and Unit 731 be admitted in the trials.81
While Herbert Hoover kept Fellers and MacArthur busy in Japan, nursing MacArthur’s political ambition, he guided Grew stateside. At the end of the war Grew resigned from the State Department and moved to Wall Street, where he became the leading spokesman for the Japan crowd. Grew became the co-chairman of the American Council on Japan (ACJ). The ACJ was a political action committee formed by wealthy conservatives immediately after the war to lobby Washington and to fight any efforts to reform Japan. The ACJ was backed by Newsweek, a newsmagazine founded in 1937 by Averell Harriman. His brother was a director. While Harriman was equally guilty in supplying Hitler before the war, he is normally associated with the Democratic Party. Newsweek’s pro-Japanese stance had his blessing. His role as a leading fundraiser of Democratic causes obviously came at a cost as he was looking out for his financial interests and those of his clients. The magazine hailed the Wall Street vision for Japan. Chief organizers for the AJC were Harry Kern, Newsweek foreign editor, Compton Pakenham, Newsweek’s bureau chief in Tokyo, and James Kauffman, a New York lawyer who served the interest of General Electric, Standard Oil, Ford, National Cash register, Ottis Elevator, and Dillon Reed in Japan.
Grew’s cochairman at ACJ was another agent of Herbert Hoover, William Castle. Castle was a wealthy plantation owner from Hawaii and a former ambassador to Japan. Ambassador positions at the state department were regarded by the wealthy as their own providence. Grew’s assistant at the ACJ was Eugene Dooman, who was raised in Japan. They regarded their mission to stop any excesses in reforming Japan. Right wing business leaders were careful to denounce cartels and monopolies in principle, but fought vigorously against any effort to break up Japanese conglomerates. They looked toward restoring trade with Japan and saw that Japan was Asia’s only industrial base. Once the financial elite of Japan could be restored to power, the quicker business could resume.
In the summer of 1947, Kauffman visited Tokyo on behalf of Dillon Reed and made a personal assessment of Truman’s plan to break apart the zaibatsu. Truman’s plans were classified secret. However, Undersecretary of Defence William Draper leaked the documents to Newsweek. The reader should recall that William Draper played a prominent role in sabotaging the 4-Ds program in postwar Germany. In December, as the nation was gearing up for the presidential election, Newsweek denounced the overall plan for Japan as costly.
In Congress, the attack was led by Republican Senator William Knowland a wealthy newspaper publisher from California. Knowland claimed the Truman policy on Japan was written by communists, paving the way for Joe McCarthy. Knowland and Congressman Walter Judd a Republican from Minnesota, led the China lobby on Capitol Hill and blamed the loss of China to communism on Truman. Herbert Hoover meanwhile continued to lead MacArthur on about his chances of being nominated for the Republican ticket. MacArthur was particularly sensitive to Newsweek’s charges of communism. Those charges enraged the general and he halted all further implementation of the reform program.
The final deathblow for reform in Japan came early in 1948. In February, William Draper and Percy Johnson, a Wall Street banker, toured Japan to review the policy. Johnston was chairman of Chemical Bank, which had a long time relationship with Mitsui Bank. The outcome was predictable. Of the original list of 325 Japanese companies that were to be broken apart, only 20 remained on the Draper-Johnston list. Not a single Japanese bank would be restructured. The Japanese banks changed their names as a precaution and hid their past.
By 1952, when the occupation ended, all leftists had once again been purged and the conservatives were in control of Japan. The Emperor’s fortune still laid under the waters of Tokyo Bay and in other locations. The first recovery of a portion of the Golden Lily is known as the Santa Romana recovery. In the Philippines during the waning days of the war, Filipino guerrillas observed the Japanese transporting heavy bronze cases and hiding them in a cave. An OSS major was with the group that observed the burial. After the treasure was hidden in the cave, the entrance was dynamited shut and concealed. The OSS agent reopened the cave and found the cases to contain gold. Following the war, between 1945 and 1948, the gold was recovered. The operation was known to Wiliam Donovan, MacArthur, Fellers, Edward Langsdale, and Herbert Hoover. Later, Allen Dulles knew of the operation. Donovan and Langsdale were assigned the recovery. No attempt was ever made to return the gold to its rightful heirs. Instead, the gold was deposited in 176 bank accounts in 42 different countries. It became the basis of the CIA off the books financing. This financing was done by issuing gold certificates to influential people, binding them to the CIA. One account in Langsdale’s name in the Geneva branch of Union Banque Suisse contained 20,000 metric tons of gold. The insiders squirreled some of the bullion away for private use. Documents confirm that one of the largest accounts was in the name of MacArthur.
Other documents indicated Herbert Hoover had an account containing $100 million in gold bullion. One can be certain that Hoover’s deep concern over Japan was based on his ability to smell a big payoff in gold from his previous experiences in China and Australia. The large holding of gold by Hoover was confirmed after his death, when his son sought out government approval to dispose of a large sum of gold bullion. The large accounts of MacArthur and Hoover suggest that the cleansing of Hirohito came at a high price.
Edwin Pauley, a rich oilman, had been dispatched to Japan to assess Japan’s ability to pay reparations. Pauly was informed of the $2 billion dollars of gold in Tokyo Bay shortly after his arrival in Japan. Yet, Pauley concluded Japan was in shambles and could not pay its fair share of expenses of the American occupation, let alone to anyone else’s rebuilding efforts. Largely due to Pauley’s assessment, Japan’s bill for reparations came to only one billion dollars. If such a sum had been distributed equally to the next of kin of the 20 million people who died as a result of Japan’s aggression, each would have received the paltry sum of $30. In the immediate post war scramble for reparations, the wealthy in Japan who had profited from the war and hid their profits submitted their own claim for reparations, totalling $5 billion. Many of these claims were paid.
Instead of cash payment to countries, Japan was ordered to provide industrial equipment. Even such token payments were suspended by Washington when the equipment was claimed as collateral for bonds issued before the war by American firms. Two of the largest American firms making such claims were Morgan Bank and Dillon Reed. By 1950, Japan owed Morgan Bank over $600 million in interest, penalties, and principle just for the 1924 earthquake loans. In 1951, Japan arranged for refinancing of the loans through Smith Barney and Guaranty Trust. By 1952, Japan had repaid all prewar investments by American corporations and compensated them for all property damage. While all prewar Japanese bonds held by companies affiliated with the ACJ were repaid, companies not affiliated were not so fortunate. The reader should ponder long and hard how a country so shattered was able to pay off such a colossal debt in such a short time.84
The issue of Japan’s compensation is still an issue. In 1998, one month before Prince Akihito’s visit to Britain, Congress passed the following resolution.
Whereas the government of Germany has formally apologized to the victims of the Holocaust and gone to great lengths to provide financial compensation to the victims and to provide for their needs and recovery; and Whereas by contrast the Government of Japan has refused to fully acknowledge the crimes it committed during World War II and to provide Reparations to its victims: Now, therefore, be it Resolved by the House of Representatives (the Senate concurring), That it is the sense of the Congress that the Government of Japan should.
1.Formally issue a clear and unambiguous apology for the atrocious war crimes committed by the Japanese military during World War II; and:
2. Immediately pay reparations to the victims of those crimes including United States military and civilian prisoners of, people of Guam who were subjected to violence and imprisonment, survivors of the "Rape of Nanking" from December 1937, until February, 1938, and the women who were forced into sexual slavery and known by the Japanese military as "comfort women."85
One intriguing theory that sheds additional light on the fate of the Golden Lily comes from David Guyatt, author and researcher. Guyatt theorizes that the total mined supply of gold has been deliberately understated and that the supply of gold is much larger than the 140,000 tons reported. This additional supply of black gold is controlled by extremely right wing fascists. One reported trader in this market is the son of George Bush.
His theory revolves around the year 1954. London Bullion Market was shut down in 1939 at the onset of war. Even before the war, England’s gold reserves were extremely low. The war was an additional drain on those reserves, as evident by the destroyer trade and England’s reliance on the Lend Lease program. As well as the concession of Portugal to accept the pound in trade rather than demand gold. In short, England was walking among the financially dead at the war’s end. However, in 1954, just nine short years from the end of the war, England had apparently acquired enough supply of gold to reopen the bullion market.
The Bilderberg group held its first meeting in 1954. The Bilderberg group was founded by Prince Bernhard of the Netherlands and former officer in the SS. Bernhard had also worked in I.G. Farben’s notorious NW7 group, which served as spies for the Third Reich. The Prince is also associated with the Knights of Templar, through its Dutch variety. Bernhard was appointed to govern the Dutch order in 1954. John Foster Dulles was reported to have been one of the most helpful Americans in establishing the Bilderberg group. Incidentally, in 1954 Dulles testified in favor of a bill designed to return vested enemy assets such as GAF, to their previous owners. From the beginning, the Bilderberg group had several members of the intelligence community associated with it. Sir Colin Gubbins, Britain’s wartime SOE head, was a founding member. Walter Bedell Smith was a co-chairman of the group in the US.
The year 1954 was significant in a number of other ways. A memorandum of agreement between the CIA and the Justice Department that allowed the CIA to police itself was dated February 18, 1954. In effect, it allowed the CIA free reign as the Justice department would turn a blind eye towards matters of national security. Another noteworthy aspect of 1954 was the merger of the Schroder Bank and the Wagg family to form the city based merchant bank, J. Henry Schroder Wagg & Co. Wackenhut Corporation, a corporation with deep ties to both the military and intelligence communities, was formed in 1954.
However, more significant was that 1954 was the year the U.S. had forecasted that the Soviet Union would have thermo nuclear weapons. With their greater numerical strength, a massive military build up had been launched, costing taxpayers billions, while the corporations reaped fat profits. It was also the year in which General James Doolittle concluded his study of the CIA and reached the conclusion that the agency was not as adept as the KGB. The MK-Ultra, the mind control program of the CIA, began in 1954.
Perhaps the most noteworthy of all events in 1954 was a strange audit of the gold supply in Fort Knox. Every bar, totalling almost three quarters of a million, was weighed singularly. Moreover, every hundredth bar was drilled and a small sample taken to be assayed. No single assayer was used so the extent of the audit could not be deduced. No reasonable explanation for such a detailed and secret audit has been uncovered.
A partial list of significant events of 1954 follows: After learning about the Japanese treasures in November 1953, Marcos starts digging for gold in the Philippines. Fred Meuser, Lockheed's European Director, transfers to Geneva to live, this event figures in later. The Four-Power Treaty is signed in Paris to terminate the occupation regime in Germany. Germany joins NATO. Geneva Accord reached regarding peace between France and Indochina. Additionally, 1954 was the year that Edward Landsdale arrived in Vietnam to take over the opium trade. The Israeli Mossad and US CIA formed an intelligence "partnership." Nazi gold was moved from Argentina to the Philippines in 1954 after the Mosad determined it was located in Argentina.
Guyatt provides a more extensive list of events revolving around 1954 than provided above. However, the essential events to support his theory have been covered and we can now begin to look more directly at the Golden Lily and its recovery. Research done by the Seagraves has found 172 treasure sites of the Golden Lily in the Philippines. One of those sites audited by Japanese accountants contained a staggering 777 billion yen or the equivalent of $194 billion. Estimates for all 172 sites comes to a staggering $100 trillion. Over the years, numerous right wing groups have aided and abetted the CIA by laundering plundered items from the Golden Lily.
One of the latest recoveries, which raised scandalous headlines in 1994 involving former UN Secretary General Kurt Waldheim, was part of an operation involving the CIA and former General John Singlaub. The operation, dubbed Nippon Star, had recovered in excess of 500 metric tons of gold recovered from the Philippines. Singlaub, who is very active in right wing extremist groups and political intrigue in Central and South America, headed the team. Singlaub was part of the military/CIA intelligence complex before retiring. The team consisted of Gunther Russbacher, a CIA agent, five other Americans, and a handful of Filipinos. The recovered gold contained Nazi gold and gold stole from China by the Japanese. Kurt Waldheim served as the intermediary between the Austrian National Bank and Philippine President Ramos.
What is intriguing about this sale, besides the extraordinary size, is this operation was also known to the Knights of Malta. A document from the Knights of Malta entitled the Landsdale Project references 500 MT. Moreover, it refers to a meeting of Washington people to discuss the ramifications of another Landsdale project. While a number of former intelligence officials and military leaders are known members of the Knights of Malta, their knowledge of a secret CIA operation raises further questions. Who else was in on this operation? What were the ramifications of the second Landsdale Project? Was the Vatican a part of this operation? For now, those questions and others will have to go unanswered.
The stated reason for the transfer to Austria was to provide backing for the Euro dollar. However, the presence of Waldheim as an intermediary only raises questions of connections to Nazis and fascism. Even before Waldheim took his office in the UN, the CIA and military intelligence must have known about his former background as an SS officer. It is inconceivable that the US did not know of his background, since he was in an automatic arrest category following the war.
One of the earliest documents attesting to Marcos’s recovering the treasure of the Golden Lily is a gold certificate dated 1956. This was before Marcos had become a member of the senate. Swiss Bank Corporation (Schweizerische Bank GESELLSCHAFT M.H.C.) issued the certificate for a deposit of 7,120 metric tons of gold. Marcos collaborated with Japanese-American investigator Minoru Fukimatsu. Together they interviewed over 300 witnesses and somehow accessed secret Japanese government archives in determining the locations of the treasure.
Another gold certificate was issued on January 17, 1963 by Unions Bank of Switzerland. The certificate was issued to Adnan Kasogi. Adnan Kasogi was actually Adnan Khashoggi, a Marcos crony. Khashoggi's name was misspelled, but that is often the case in these certificates. Khashoggi was a Lockheed agent and partner of Yoshio Kodama. Kodama was a Japanese rear admiral during the war and also a member of the Japanese Yakuza crime clan. Kodama was charged with shipping the loot to the Philippines during the war. This gold certificate was issued just before Lockheed paid the first known bribe to Prince Bernhard. Lockheed was being used by the CIA to funnel money worldwide. Moreover, Lockheed’s European Sales Director, Dutchman Fred Meuser, had been a member of Prince Bernhard’s wartime air force squadron. An additional member of the Lockheed bribe team was CIA officer Nicholas Deak. Deak had founded a money brokering firm that was used to funnel money to Kodama. Deak’s company later merged with Lionel C. Perera, who founded the money firm of Perera, Manfra & Brookes. Perera was attached to the Chief of Military Government Finance Office at the Third Army’s headquarters in Germany at war's end, where he interviewed Colonel Rauch. Rauch was the SS colonel responsible for hiding the Reich Bank gold reserves.
With so many figures involved directly with both the Nazi and the Japanese treasures, such an event as the Lockheed bribery cannot be dismissed as mere happenstance. However, the intrigue does not stop there. Marcos, Kodama, and Singlaub were all members of the World Anti-Communist League, a right wing extremist group populated with known war criminals and fascists. Under the Reagan administration, the World Anti-Communist League was granted tax-exempt status. That raises the possibility that the World Anti-Communist League was being used as a front for the CIA. Moreover, the intrigue continues. Guyatt goes on to claim that a letter from Henry Kissinger was sent to Marcos on Trilateral notepaper. Kissinger demanded that Marcos sell "63,321 tons of gold to 2000 US and European banks admittedly controlled by the Trilateral." The letter was dated February 21, 1986. Marcos refused and was overthrown as a result of his refusal. Imelda Marcos, however, chose to sell the gold to avoid criminal charges, and the gold was transferred aboard the US Eisenhower to the United States.
Additional evidence of Marco’s recovering the Golden Lily treasure comes from the Filipino newspaper, The Inquirer. In 1998 the paper published an article entitled "Soldiers of Fortune." The article revealed that all members of the 16th Infantry Battalion had signed a joint affidavit declaring that, together with members of the 51st Engineering Brigade, they had recovered 60,000 metric tons of gold from thirty sites between 1973 and 1985. Both units operated in strict secrecy under Marcos’ henchman Fabian Ver.
Whether Guyatt’s theory of a secret gold treaty being reached in 1954 is correct or not, it is obvious from his findings and those of the Seagraves that considerable treasure has been recovered from the Golden Lily, ending up in the hands of those involved in intelligence and right wing causes. Was this gold put to private use or the use of the CIA? It’s most likely that a portion was skimmed for private use while the bulk of the remainder was used to fund clandestine CIA operations. It is interesting to note that those connected with the secret recoveries: Herbert Hoover, MacArthur, Allen Dulles, and others were the very ones that worked the hardest in derailing the reform of Japan and Nazi Germany. Their sole objective was to reestablish the cartels and get on with business as usual, and to hell with war crimes. Moreover, it seems certain that a large portion of the Nazi treasure and the Golden Lily was used in rebuilding Germany and Japan with the explicit approval of the right wing in America.
While the largest portions of the Nazi hoard and the Golden Lily remains shrouded under a curtain of mystery and controversy a good deal is known about smaller caches that have been recovered. Until recently, little was known about America’s acquisition of treasures from the war. Much mystery still remains and undoubtedly more caches will surface with additional time. Although Congress passed legislation requiring the return to Germany of much of this material, the bulk of it remains stored in the American archives and private collections. The legislation has been supported by court rulings. Only after Clinton authorized Eizenstat to reach a settlement on unclaimed assets has the New York Federal Reserve admitted to holding two tons of Nazi gold. There has been little effort to return the war booty.
 

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