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...MARCOS DYNASTY by Sterling Seagrave (Harper & Row; $22.50). This merciless account of the Filipino dictator's rise and fall poses many intriguing questions, answering some. Why did Ferdinand purloin billions of dollars? What did Imelda want with all those shoes...

Author: /time Magazine | Title: Critics' Choice: Nov. 28, 1988 | 11/28/1988 | See Source »

...MARCOS DYNASTY by Sterling Seagrave (Harper & Row; $22.50). This merciless account of the Filipino dictator's rise and fall poses many intriguing questions and answers some of them. Why did Ferdinand purloin billions of dollars? What did Imelda want with all those shoes...

Author: /time Magazine | Title: Critics' Choice: Nov. 21, 1988 | 11/21/1988 | See Source »

...many years it was taken as gospel that Marcos was the most decorated Filipino soldier of World War II. Technically that is true: while running for President in 1965 he nudged the Senate into retroactively awarding him some 20 medals for heroism, nine of them on the same day. Seagrave argues convincingly that Marcos' stirring tales of escaping from Japanese prison camps after being tortured, and then conducting reconnaissance raids for the Filipino resistance, are so much hogwash. In fact, an American commander of the underground in 1945 had ordered Marcos' arrest and execution as a collaborator...

Author: /time Magazine | Title: Books: Mercenary Monsters From Manila THE MARCOS DYNASTY | 11/14/1988 | See Source »

Like many another Filipino politician who was born poor, Marcos regarded bribes and corrupt profits as perks of office; he skimmed millions, for example, from the country's cigarette-tobacco monopoly. But Seagrave estimates that the ex-dictator's fortune may be as much as $100 billion. Whence came that awesome wealth? Seagrave's answer is that Marcos had located and dug up part of a vast horde of stolen bullion known as "Yamashita's Gold...

Author: /time Magazine | Title: Books: Mercenary Monsters From Manila THE MARCOS DYNASTY | 11/14/1988 | See Source »

...somewhat breathless account, when Japanese General Tomoyuki Yamashita ("the Tiger of Malaya") moved to Manila in 1944, he took charge of several billion dollars' worth of gold that the Japanese had accumulated in their conquest of Southeast Asia. The bullion was cached in underground caves dug by U.S. and Filipino prisoners of war, who were then buried alive with it. Seagrave claims that Marcos was able to disperse the gold with the aid of a murky global network of coconspirators, including Swiss banks, a London-based bullion cartel, right-wing American political groups (among them, the John Birch Society...

Author: /time Magazine | Title: Books: Mercenary Monsters From Manila THE MARCOS DYNASTY | 11/14/1988 | See Source »

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