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Gold Warriors: America's Secret Recovery of Yamashita's Gold

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In 1945, US intelligence officers in Manila discovered that the Japanese had hidden large quantities of gold bullion and other looted treasure in the Philippines. President Truman decided to recover the gold but to keep its riches secret. These, combined with Japanese treasure recovered during the US occupation, and with recovered Nazi loot, would create a worldwide Americ In 1945, US intelligence officers in Manila discovered that the Japanese had hidden large quantities of gold bullion and other looted treasure in the Philippines. President Truman decided to recover the gold but to keep its riches secret. These, combined with Japanese treasure recovered during the US occupation, and with recovered Nazi loot, would create a worldwide American political action fund to fight communism. This ‘Black Gold’ gave Washington virtually limitless, unaccountable funds, providing an asset base to reinforce the treasuries of America’s allies, to bribe political and military leaders, and to manipulate elections in foreign countries for more than fifty years.


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In 1945, US intelligence officers in Manila discovered that the Japanese had hidden large quantities of gold bullion and other looted treasure in the Philippines. President Truman decided to recover the gold but to keep its riches secret. These, combined with Japanese treasure recovered during the US occupation, and with recovered Nazi loot, would create a worldwide Americ In 1945, US intelligence officers in Manila discovered that the Japanese had hidden large quantities of gold bullion and other looted treasure in the Philippines. President Truman decided to recover the gold but to keep its riches secret. These, combined with Japanese treasure recovered during the US occupation, and with recovered Nazi loot, would create a worldwide American political action fund to fight communism. This ‘Black Gold’ gave Washington virtually limitless, unaccountable funds, providing an asset base to reinforce the treasuries of America’s allies, to bribe political and military leaders, and to manipulate elections in foreign countries for more than fifty years.

30 review for Gold Warriors: America's Secret Recovery of Yamashita's Gold

  1. 5 out of 5

    Terry

    I became interested in the topic of Philippine treasure hunting after reading Cryptonomicon. This book, Gold Warriors, is an exhaustively researched account of how Japan sequestered gold and treasure during the first half of the 20th century on behalf of the unbelievably greedy and bloodthirsty Japanese emperor Hirohito and his band of generals and crime bosses. This acquisition continued as Japan conquered their region in WWII but then they began hiding it in Philippine tunnels and sea wrecks a I became interested in the topic of Philippine treasure hunting after reading Cryptonomicon. This book, Gold Warriors, is an exhaustively researched account of how Japan sequestered gold and treasure during the first half of the 20th century on behalf of the unbelievably greedy and bloodthirsty Japanese emperor Hirohito and his band of generals and crime bosses. This acquisition continued as Japan conquered their region in WWII but then they began hiding it in Philippine tunnels and sea wrecks as defeat loomed. The US conquering force became aware of this plunder and had a problem with what to do with it. Much of this plunder was bullion so the book details how this was gold was sanctified and reinjected into world banking systems via Macao, the Bahamas, and Switzerland. Ferdinand and Imelda Marcos go to incredible lengths to cash in on this booty. Why would a family with millions want billions and billions? That's why I'll never be monetarily rich. The book describes how governments become involved in the horde by issuing gold certificates and then declaring them counterfeit. The gold is used to fight the era's consummate problem - communism. It buys political favors and weapon systems. Legal battles in Hawaii shed some light but people die normally and mysteriously. No surprise - we see money and power go hand in hand in corruption. I find the topic intriguing but the writing leaves much to be desired. The chapters read more like individual research projects with too many characters than a consistent, readable story. The book would also benefit from an update since more than a decade has passed. I wasn't troubled by the authors selling a CD with supplemental support. What percentage of the Japanese plunder was NOT gold, and where is this jewelry and other artwork? What efforts have the Japanese and Philipinos made similar to that described on the US part? How did this huge amount of gold play into leaving the gold standard and how much went to Fort Knox? What treasure hunting is being done today both on the ground/water and in the courts? This is a sad and interesting part of history.

  2. 4 out of 5

    Tommy

    A lot of this just isn't or can't be sufficiently verified and there's some outright dumb claims in here. All the goldbug tinfoil hattery detracts from the otherwise more valuable information... the interesting first fact is that a lot of people in the American government and intelligence agencies sure believed in a lot of this. Records of the loot. Of course, the Japanese records have vanished as is reported by the Interagency task force charged with the review of records under the Japanese Impe A lot of this just isn't or can't be sufficiently verified and there's some outright dumb claims in here. All the goldbug tinfoil hattery detracts from the otherwise more valuable information... the interesting first fact is that a lot of people in the American government and intelligence agencies sure believed in a lot of this. Records of the loot. Of course, the Japanese records have vanished as is reported by the Interagency task force charged with the review of records under the Japanese Imperial Disclosure Act, Interim Report, reproduced in full on our CDs. This of course fails to take into consideration documents that never reached Washington like those given to Herbert Hoover. General Bonner Fellers, MacArthur’s assistant in Tokyo wrote on June 23, 1967 that “[Herbert] Hoover had no trouble in securing …a tremendous amount of documentation from the Japanese War Office… He sent back an enormous number of documents from Japan.” These too have disappeared. A lot of documents may exist if you're willing to really look around in more locations. An interesting claim not sufficiently dug into: One deal said to have resulted is the so-called China Mandate. Our Marcos family source insists that in 1972 President Nixon and Henry Kissinger made a secret deal with Premier Chou En-lai to keep China out of conflict with the United States over Taiwan, in return for access to a large quantity of gold provided by Marcos. We have not been able to confirm the political details. However, bank documents that have surfaced over the years clearly demonstrate that large quantities of gold bullion were moved into Chinese mainland banks during this period, including bullion accounts in the names of Santa Romana, Ferdinand and Imelda Marcos, and other members of their family and circle of rich cronies. Since all these people were loudly anti-communist, there is no plausible reason for them to transfer gold bullion to Chinese banks in the midst of the Cold War. For that reason alone, the story may well be true. According to this source, in 1971-1972 the economy of the People’s Republic was in very bad shape, its foreign currency reserves were flat, aggravated by the worldwide oil crisis and famine in the countryside, all of which is correct. As pressure mounted on the Politburo, party hawks gained a stronger voice, pushing for invasion of Taiwan to gain control of its assets, and as a much-needed distraction. CIA and Pentagon analysts concluded that Beijing was about to invade, while America had its hands full in Vietnam. This could lead to nuclear war. A way had to be found to defuse the situation, and a novel solution proposed by a CIA analyst was to help Beijing stabilize its economy with a huge infusion of black gold from Marcos, reducing the pressure for war. If America helped China out of this domestic crisis, it could bring a period of peace that would benefit the Philippines as well. As our source tells it, Nixon and Kissinger secretly offered Beijing $68-billion in gold (an amount they knew Marcos had), to be moved into PRC banks in a number of tranches over several years. This would not be an outright gift. It would be deposited incrementally in various PRC banks in Hong Kong and major cities inside China. There the bullion would remain as an asset base, earmarked for various purposes negotiated in advance. The Chinese banks would be strengthened, the PRC economy would be stabilized, moderates in the Politburo would regain their leverage, and hawks pushing for an invasion of Taiwan would be silenced. No U.S. funds were involved.

  3. 4 out of 5

    Dr Naveen

    Important aspect revealed in this book : wallstreet fraud by CITIBANK CEO JOHN REED. A CRIME THAT SHLD EASILY GET THIS P U NK REED THE D E A TH RO W. Besides fraud by Vatican, Politicians of U.S.A and Japan in the 80s, there is also a mention here about Citicorp CEO/kriminal John reed and his hiest of $20 billlion worTh of gold SOMETIME MID 1980S. thIs Gold Mr. John Reed robbed from a citi client of Manila, philipines- Mr santos. Santos is President Marcos' agent. Later his widow tried her best Important aspect revealed in this book : wallstreet fraud by CITIBANK CEO JOHN REED. A CRIME THAT SHLD EASILY GET THIS P U NK REED THE D E A TH RO W. Besides fraud by Vatican, Politicians of U.S.A and Japan in the 80s, there is also a mention here about Citicorp CEO/kriminal John reed and his hiest of $20 billlion worTh of gold SOMETIME MID 1980S. thIs Gold Mr. John Reed robbed from a citi client of Manila, philipines- Mr santos. Santos is President Marcos' agent. Later his widow tried her best to get the gold back with lawyers in citi board room having a rough battle. Reed somehow muzzled the laywers was partying in beaches with hoes and other shameless bankers form india Ashoke dutt rana talar. they evne managed to dupe Harvard(not tought if u got moeny) a project these bnkaers as leaders. heard about 'success tranfer' article in HBR? . a pimp. Later when citicorp/citibank went bankrupt was asked to liquidate, Reed used a pedophile prince Alwaleedh (now under house arrest) as a proxy investor to revive citicorp sometime in 1989, when this bank was about to be shut down by senate committee. Accordinly Prince invested about $200 million in citicorp shares at $10/shares to recapitalise the bank as a so called 'white knight' or literally desert rat or whatever. This is according to me a very crucial movement tha has defined the modern day world of Globalisation, ewaste being the collateral damage, counterfiet products, rat race. GDP targets. greed. S0 Reed about Read as given in ths book first. In other words those wallstreeet guys are murderers not bankers. The gold is fomr china/philippines or wherever Yamashit the generla looted during the 40s. Those miners and their fmailies today are probably working as Salves for apple inc( foxconn etc) in china, taiwan, bangladehs, BHIAR, UP (india) and many such places in Asia. Whuilese these murderers are projected as economist, bankers, hedge fund mathematicians. Apppoitment of obama, clinotn etc all has to do with this loot by John reed and his lawyers. Author must be given noble prize and these bankers deserves d E aT H R O w ---citigroup/citicorp story- Sandy weill, his wife , co-ceo of citi john reed and their indian criminals ( ashoke dutt, rana talwar, jerry rao, aditya puri, ) should be shot D E A D d e a d. these lunacitcs are modern day bugsy seigle, JFK etc. mobsters. women, drugs, money. these liars must be exposed. all books/research rprts by investigaotrs -golf hiest - have revealed the truth. time to finish them off. there are over 30 million homeless people. seee latest news lattimes dot com. silicon valley employees of so caled FANNG stocks (microsoft, google, fb etC) are living in trailer, sleeing in their cars, walmart parking lots etc. These babrbairans are the cause. GDP target? we must k ill these illeterate bstrds. and of theori hoes of wallstreet used as hkrs in nevada etc. for our entertianment after a good job of taking down the mob bosses.

  4. 4 out of 5

    Nowick

    History in a nutshell: 1. Ancient miners dig, smelt gold to bullion, buddhas. 2. Life goes on… rich get greedier. 3. Japanese invade to steal, then rebury gold and gems in hills. Of course, that's only the beginning of the story... a masterpiece of investigative journalism, writing history where there was none, or a mere pastiche of fake news. History in a nutshell: 1. Ancient miners dig, smelt gold to bullion, buddhas. 2. Life goes on… rich get greedier. 3. Japanese invade to steal, then rebury gold and gems in hills. Of course, that's only the beginning of the story... a masterpiece of investigative journalism, writing history where there was none, or a mere pastiche of fake news.

  5. 5 out of 5

    Chuckdee

    It’s a conspiracy! I suppose there’s some truth to the story. But...the story and suggestions of conspiracy at every turn are very tiring...also, citing Oliver Stone as a pseudo credible source...I expected more- honestly the sources were vague and “National Enquirer-esque “ all in all, an interesting theory, but to be taken with a grain of salt.

  6. 4 out of 5

    Craig Earnshaw

    We all know about the Nuremberg trials. The Japanese were many times worse in their treatment of their enemies and yet, no Kyoto trials. Why? This book will astound and anger you.

  7. 5 out of 5

    Bernie

    3.5 stars Fascinating, in-depth, but meanders a bit. Very well documented and researched, I plan to read two other books of theirs (Yamato Dynasty and Marcos), so we'll see how that goes. 3.5 stars Fascinating, in-depth, but meanders a bit. Very well documented and researched, I plan to read two other books of theirs (Yamato Dynasty and Marcos), so we'll see how that goes.

  8. 4 out of 5

    Tim

    Just started this book. I found out about it from a podcast I listen to called "Black Op Radio." The host, Len Osanic, interviewed Sterling Seagraves (the author) and I found it to be a very fascinating story. I had to buy the book. I do think it will be interesting. I have so far just read the intro, which just rehashes most of what I heard in the interview. Why this author was interviewed on this show is because of a connection with one of the main characters in his story with the assassinatio Just started this book. I found out about it from a podcast I listen to called "Black Op Radio." The host, Len Osanic, interviewed Sterling Seagraves (the author) and I found it to be a very fascinating story. I had to buy the book. I do think it will be interesting. I have so far just read the intro, which just rehashes most of what I heard in the interview. Why this author was interviewed on this show is because of a connection with one of the main characters in his story with the assassination of JFK. Black Op Radio is mostly a JFK investigatory show. Len Osanic interviews JFK researchers and I find these interviews quite interesting. General Ed Lansdale is a name you will come across when studying the JFK assassination and Lansdale apparently is also involved in this book "Gold Warrior's" which is about America recovering a vast amount of gold from Japan. I encouarge anyone to listen to the interview at www.blackopradio.com episodes #512a and 512b and see if you too are not interested in this story. It is well researched and has lots of documentation to back it up. Will update you further as I go. Finished this one awhile ago but failed to update my information on it. It is ashame that the additional information isn't available for a reasonable price. He advertises in the book that he has more info on cds which has maps, pictures and other items that corroborate his story, but the problem is that it is a bit pricey. I would like to have the cd but don't want to spend that much on it. I think the story just solidifies my assessment that no matter what government there is in the world it is always going to be corrupt at some level. I believe the Lord Acton quote is appropriate, "Power corrupts and absolute power corrupts absolutely." I do recommend it though it is a tough read for the most part but parts of it are extremely interesting and I could see someone making a movie on parts of the story.

  9. 5 out of 5

    Michael Connolly

    Fascinating tale of Japanese war crimes. According to the Seagraves, the Japanese looted a great deal of gold from Asia, then buried it in the Philippines, where Ferdinand Marcos later used it to make himself rich and powerful. The United States also persuaded the Japanese to give us much of the gold that they stole, and we then used it to finance our Cold War operations. In return, we agreed not to prosecute the majority of Japanese war crimes. It is difficult to know how much of the Seagrave's Fascinating tale of Japanese war crimes. According to the Seagraves, the Japanese looted a great deal of gold from Asia, then buried it in the Philippines, where Ferdinand Marcos later used it to make himself rich and powerful. The United States also persuaded the Japanese to give us much of the gold that they stole, and we then used it to finance our Cold War operations. In return, we agreed not to prosecute the majority of Japanese war crimes. It is difficult to know how much of the Seagrave's story is true. From a general understanding of human nature, it would be difficult not to believe that the Japanese looted Asia. It is certainly puzzling that the United States allowed the Japanese to walk away from most of their war crimes.

  10. 4 out of 5

    Mercurybard

    The implications of the information revealed in this book are *terrifying*, especially in light of the recent banking crisis. The opening makes this seem like a conspiracy theory, but the last fifth of the book is anotations and citations and the authors offer to ship you a CD of scanned primary documents and interviews for free if you want to investigate more. The premise--that during World War II, the Japanese looted trillions of dollars in gold, gems, and other precious artifacts from Korea, Ch The implications of the information revealed in this book are *terrifying*, especially in light of the recent banking crisis. The opening makes this seem like a conspiracy theory, but the last fifth of the book is anotations and citations and the authors offer to ship you a CD of scanned primary documents and interviews for free if you want to investigate more. The premise--that during World War II, the Japanese looted trillions of dollars in gold, gems, and other precious artifacts from Korea, China, and Southeast Asia and then hid them in secret, booby-trapped locations around the Philippines--is fascinating. Definitely going to have to look for Seagrave's book on the Yamato dynasty.

  11. 5 out of 5

    hoffnarr

    While full of references and footnotes and the authors have clearly done a great deal of research the style of the book weaves an elaborate web of conspiracy that makes me very reluctant to buy the whole story. The book depends on the kinds of guilt-by-association and pointing out of coincidences that should always only point a historian to issues that need to be confirmed with further research, rather than form the key hinges in a complex accusation. If you are interested in Japanese and East A While full of references and footnotes and the authors have clearly done a great deal of research the style of the book weaves an elaborate web of conspiracy that makes me very reluctant to buy the whole story. The book depends on the kinds of guilt-by-association and pointing out of coincidences that should always only point a historian to issues that need to be confirmed with further research, rather than form the key hinges in a complex accusation. If you are interested in Japanese and East Asian history of the period, however, the book at least brings up personages, events, and potentially damning connections that can send you to other sources or if you are a historian, spark interest in new topics.

  12. 4 out of 5

    Stephanie

    My carpool partner told me about hearing this tale on NPR and it was fascinating, so I tracked down the book. What a scary story, about the huge treasure fund that has been used for decades to fund covert operations worldwide since the end of WW2. Sadly, NOTHING surprises me anymore, and I do tend to be seduced by what some call "conspiracy theories" -- but just because they are thusly labeled does not mean they are untrue. And again I would not put anything past our very own axis of evil, AKA Bu My carpool partner told me about hearing this tale on NPR and it was fascinating, so I tracked down the book. What a scary story, about the huge treasure fund that has been used for decades to fund covert operations worldwide since the end of WW2. Sadly, NOTHING surprises me anymore, and I do tend to be seduced by what some call "conspiracy theories" -- but just because they are thusly labeled does not mean they are untrue. And again I would not put anything past our very own axis of evil, AKA Bush-Cheney.

  13. 4 out of 5

    Ddraig

    this is one of the most mind-boggling books I've ever read. The authors claim to be able to document everything in the book (but want $45 for 3 CDs worth of evidence, boo), and in the book describe how Japan essentially looted trillions (yes trillions)(*) of dollars in gold and gems from all of occupied asia, and then stashed it in Japan to begin with, and later in Indonesia and the Phillipines as the war started to not quite go according to plan. If this is true, it's really astounding. Worth a this is one of the most mind-boggling books I've ever read. The authors claim to be able to document everything in the book (but want $45 for 3 CDs worth of evidence, boo), and in the book describe how Japan essentially looted trillions (yes trillions)(*) of dollars in gold and gems from all of occupied asia, and then stashed it in Japan to begin with, and later in Indonesia and the Phillipines as the war started to not quite go according to plan. If this is true, it's really astounding. Worth a read. Pack salt. I read the kindle version. Hey, it was cheap.

  14. 5 out of 5

    Manheim Wagner

    An indispensable book, "Gold Warriors" lays out a very sound argument on how the world of black finance works and in turn provides strong evidence of how this black finance was acquired. The Seagraves have done a marvelous job weaving the story together, which involves the insane greed of the Japanese Imperial Family,the Yakuza, the Marcos Family, the Vatican, the American banking elite and both the O.S.S. and C.I.A. Simply put, this book along with Paul Manning's "Martin Bormann, Nazi in Exile" An indispensable book, "Gold Warriors" lays out a very sound argument on how the world of black finance works and in turn provides strong evidence of how this black finance was acquired. The Seagraves have done a marvelous job weaving the story together, which involves the insane greed of the Japanese Imperial Family,the Yakuza, the Marcos Family, the Vatican, the American banking elite and both the O.S.S. and C.I.A. Simply put, this book along with Paul Manning's "Martin Bormann, Nazi in Exile" are a must for understanding the global mess we all are living in.

  15. 5 out of 5

    Liz Waters

    Like all conspiracy books, this one must be taken with a grain of salt.

  16. 5 out of 5

    Catherine Gentry

    An eye opening about the literal profits of war.

  17. 4 out of 5

    Fernando Casado

    Japan just wanted to steal the gold in WWII. An excellent historical account of war time gold plundering for proposed of enriching the imperial family of Japan. Good story.

  18. 4 out of 5

    Matt Hornby

    heavy - eye opener for sure

  19. 5 out of 5

    Rhonda Browning

    Interesting stuff! What a corrupt world in which we live. Quite the history lesson in these pages.

  20. 4 out of 5

    Quang Nguyen

    The scariest thing about this book is that it exposes dirty secrets of WWII Japanese gold looting with an incredible amount of backup materials and intelligent deduction.

  21. 5 out of 5

    Arnold Otom

  22. 4 out of 5

    Ina Cawl

  23. 4 out of 5

    Jerry

  24. 4 out of 5

    Mrs D. Marston

  25. 4 out of 5

    Gary Bourke

  26. 4 out of 5

    Mick Scheinin

  27. 5 out of 5

    Eduardo Mira Batista

  28. 4 out of 5

    Jack Murphy

  29. 4 out of 5

    Louis

  30. 5 out of 5

    William Blanton Sr

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