By: Elena Grace Flores
YouTube video by Ernani Cawagdan
THE DIVINE WEALTH FOR MANKIND
The Congress Needs to Hear the Wealth for Humanity Case
President Rodrigo Duterte earlier swears that the Congress will pass a law for the gold transfer to happen. “It’s a long process,” he said. “It does not belong to me. It was just a signal from the Marcoses they will cooperate to secure what the people are believing to be theirs.” The Marcos family also has the right to defend themselves that the wealth was not stolen by their patriarch or else they could have direct access to it. The Congress must prioritize this to rebuild the nation’s economy for the coronavirus aftermath. The late President Ferdinand Marcos’ heir, his trustee, and Central Bank with the approval of the President through the Congress can make this happen.
The Country’s Gold Reserves
The Philippines have so much gold starting when the late Ferdinand E. Marcos was still a young, and dashing lawyer. He already became two of the richest Filipinos even before he became president because of the trust of the Tallano royal family. The collection even grew abundantly when combined with the Maharlika gold and the Yamashita treasures. Brilliant as he was, Marcos made sure that they are documented for humanity and serve the Filipino people as economic support or gold reserves. This is the reason why the country never gets bankrupt like Belgium despite the world’s financial crisis.
The Marcos Foundation
The Marcos Foundation holds the rights for the gold collection as registered in the Central Bank of the Philippines. The foundation’s beneficiaries are the Filipino people. The 50 year validity period has already expired at Central bank so, the government has the jurisdiction for its assignment in cooperation with the World Bank. It is expected that the claim can be honored only when the bill of lading and the representative for the beneficiaries which is the government can be presented to the World Bank hand in hand. The overseas banks where they are deposited do not own them. The World Bank only acts as the globe’s martial for their intended use as protected by the late Marcos using his expertise in the law.