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Synopsis
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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About the Author
Peggy Seagrave was the senior researcher and picture editor at Time-Life Books. Along with Sterling Seagrave, she is a co-author of the bestselling Lords of the Rim and The Yamato Dynasty.
Sterling Seagrave was a reporter for the Washington Post before becoming a freelance investigative journalist contributing to Time, Life, Atlantic Monthly, and the Far Eastern Economic Review. He is the author of The Soong Dynasty as well as other books, and with Peggy Seagrave he co-authored the bestselling Lords of the Rim and The Yamato Dynasty.
From Publishers Weekly
The Seagraves, bestselling authors (Lords of the Rim, etc.), contend that Japan systematically looted the entire continent of Asia during WWII, seizing billions in precious metals, gems and artworks. Further, according to the authors, from war's end to the present, the looted treasure, used by President Truman to create a secret slush fund to fight communism, has had a malignant effect on American and Asian politics. The Seagraves assert that the Japanese imperial family, along with Ferdinand Marcos, every American president from Harry Truman to George W. Bush, and numerous sinister figures on the American hard right have been tainted and in many cases utterly corrupted by the loot. Postwar efforts to recover and exploit the treasure, according to the Seagraves, involved murders, dishonest deals and cover-ups. Readers who want to examine the full range of sources for this controversial account are referred in the book to the authors' Web site, where two CDs containing "more than 900 megabytes" of supporting documentation are available. But a paradox affecting conspiracy histories such as this one is the authors' frequent insistence that the malefactors have suppressed relevant evidence. Conceptual difficulties of this sort make it impossible for the lay reader to judge this book's credibility, even while one is swept up in the high-intensity story the Seagraves tell. FYI: The authors claim that in consequence of their revealing the existence of the slush fund and its resulting "global network of corruption," they have received "veiled death threats."
Copyright 2003 Reed Business Information, Inc.
"About this title" may belong to another edition of this title.
- PublisherVerso
- Publication date2005
- ISBN 10 1844675319
- ISBN 13 9781844675319
- BindingPaperback
- LanguageEnglish
- Number of pages365
- Rating
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