America’s Secret Recovery of Yamashita’s Gold
by Sterling & Peggy Seagrave
Illustrated, 384 pages.
From the back cover:
In 1945, American 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 recovery secret. The treasure—gold, platinum, barrels of diamonds and gemstones plundered by Japan from all of East and Southeast Asia—would be combined with Nazi loot recovered in Europe to create a worldwide American political action fund to fight communism.
This ‘Black Gold’ gave Washington virtually limitless unvouchered funds for covert operations. According to CIA officials, between 1945 and 1947 the gold bullion was secretly moved to 176 accounts at banks in 42 countries. This provided an asset base to reinforce the treasuries of America’s allies, to bribe political and military leaders, and to manipulate elections in foreign countries. Other treasure was recovered inside Japan during the U.S. Occupation. General MacArthur, President Truman, John Foster Dulles, and a handful of others, knew all about the hidden plunder. Every president since Harry Truman has been involved in covering up the existence of these secret funds.
One part of World War II that receives little attention is the financial treachery—coercion, terror, extortion, and secret betrayal. Little is written about it because prominent citizens chose to betray their own nations, their own families, rather than forfeit personal wealth. Financial collusion with Japan remains one of the world’s most closely guarded secrets even today. While many books have been published about Nazi looting and economic conspiracy, records of Japan’s looting and economic conspiracy have been removed from Western archives and databases, remain under secret classificatson, and will not be made public for another half-century. There must be a reason for this. Recent efforts in the U.S. Congress led to passage of Public Law 106.567 to assure public access for the first time to classified documents about Japan’s conduct of the war. At the last moment, a loophole was added permitting the CIA director to decide which documents are ‘relevant’ and to withhold for reasons of ‘national security’ any that might reveal what the CIA was doing half a century ago. This permits the CIA to filter out all documents that might reveal unsavory American collusion with Japan in the period immediately following the war. Until those archives are fully opened, we can only see a partial picture. Even that is devastating, as we will see in later chapters. [From the preface to Gold Warriors.]
See review by Chalmers Johnson .
THIS BOOK IS IN PRINT.
For their heroic efforts, Sterling and Peggy Seagrave have received death threats, had their phones and email accounts tapped, yet they bravely continue to speak the truth and get the information into public hands and minds. You can help support and protect the Seagraves by purchasing Gold Warriors plus a CDRom of complete notes and research materials from Bowstring Books .