WEBVTT

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Welcome back to the Deep Dive. Today we are wrestling

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with a figure who is, well, massive is probably

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the only word that really fits. Massive in influence,

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massive in ambition, and massive in the sheer

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scale of the controversy he left behind. We're

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talking, of course, about Ferdinand Marcos. The

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man who ruled the Philippines for two decades.

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And looking at the stack of sources we have in

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front of us today, I mean, we've got biographical

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records, World Bank economic data, Amnesty International

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reports, legal documents on ill -gotten wealth.

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It feels like we're looking at two completely

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different people. That is the central tension

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of his life, isn't it? On one side, you have

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the Malikas narrative, the strongman. the brilliant

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legal mind, the bar top notcher, the decorated

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war hero. And on the other side, the dictator,

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the kleptocrat, the human rights violator, the

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man who, you know, arguably plunged a nation

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into chaos. And that's our mission for this deep

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dive. We aren't just here to recite dates or

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give a dry history lesson. We want to move past

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the simple labels of hero or tyrant. We want

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to actually understand the mechanics of his rise.

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How did he structure a 20 -year rule? How did

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he legally and psychologically justify it? And

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maybe most importantly, what is the specific

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tangible legacy he left behind? Exactly. We need

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to look at the machinery. Because, you know,

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you don't stay in power for 20 years just by

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luck. You do it through a complex system of patronage,

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of military control and and some very clever

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economic manipulation. And the stories are just.

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They're wild. We've got assassinations. We have

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fake war medals. We've got crates of gold bullion

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literally being flown to Hawaii. We do. And we

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have to ground all of that in the geopolitical

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reality of the time. The Cold War was everything.

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Right. You have the American reliance on military

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bases and, of course, the economic fallout that,

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well, you could argue the Philippines is still

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paying for today. So let's unpack this. Let's

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start at the very beginning, the origin story.

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Because it seems the legend of Ferdinand Marcos

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started way, way before he ever set foot in the

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presidential palace. Oh, absolutely. He was born

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in 1917 in Ilcos Norte, which is a province in

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the northern Philippines. His father, Mariano

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Marcos, was a lawyer and a politician. And his

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mother was a schoolteacher. And right from the

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get -go, Ferdinand was marketed as a prodigy.

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And our sources seem to back that up, right?

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This wasn't just, you know, proud parents bragging.

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He was actually academically dominant. He was.

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He went to the University of the Philippines

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College of Law, the premier law school in the

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country. And he wasn't just a bookworm. Yeah.

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He was on the swimming team, the boxing team,

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the wrestling team. He was a champion debater.

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And then when he took the bar examinations in

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1939, he didn't just pass, he topped it. With

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that insane score. A score of 92 .35%. 92 .35%.

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Just to give you listening some context, that

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is an incredibly, almost unbelievably high score.

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It was so high that people were actually skeptical.

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There were whispers that maybe he cheated because

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the score was, you know, practically perfect.

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So what happened? They called him in for an oral

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re -examination. And he proved it. He knew his

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stuff inside and out. But here is where the story

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takes a very dark turn. Because right as this

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legal legend is being born, we get what you might

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call the first crime. This is the Nelundesan

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affair. I mean, this part of the story reads

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like a noir movie script. It really does. So

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Julio Nelundesan was a political rival of Ferdinand's

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father, Mariano. In 1935, Nelundesan defeated

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Mariano for a seat in the National Assembly.

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It was a bitter, deeply humiliating loss for

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the Marcos family. And then on September 21st,

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1935, essentially the day after he won the election,

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Lindeson was at his home. He was brushing his

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teeth or washing up near a window and he was

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shot. Just through the window. A single rifle

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shot. Killed him instantly. Wow. And the finger

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pointed at the Marcos family almost immediately.

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Specifically Ferdinand. His father. and his uncles.

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The theory was, you know, a family conspiracy

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to avenge the political loss. And you have to

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remember, Ferdinand was a national rifle champion

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at UP. So he knew his way around a gun. He knew

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his way around a gun. He was accused, tried,

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and quoted. He was actually convicted, sentenced

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to 10 to 17 years in prison. So hold on a second.

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The future president of the Philippines is sitting

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in a jail cell convicted of murder. For most

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people, that's the end of any political career.

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How on earth does he get out of that? This is

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the aha moment of his early life. This defines

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the Marcos playbook. While he was in jail, he

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didn't just sit there. He studied. He wrote his

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own appeal. And then he requested to argue his

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own case before the Supreme Court. As a convicted

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murderer, that is incredibly bold. It is. And

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it worked. The justice who penned the decision

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was Justice Jose P. Laurel. Now, interestingly,

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Laurel himself had a, shall we say, a similar

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history of violence and acquittal in his youth.

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You're kidding. No. And Laurel overturned the

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conviction. Marcos was acquitted. So this just

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cemented the narrative. marcos is a genius he's

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untouchable he can get out of the tightest spots

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imaginable using his brain and his mastery of

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the law exactly it created this aura of invincibility

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it sends a message right i can commit the act

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and i can legally maneuver my way out of the

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consequence but if the legal genius was one pillar

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of his myth The other was the war hero. Right.

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This is a huge part of the branding. Marcos claimed

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to be the most decorated war hero in the Philippines.

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We're talking about, what, 27 medals? 27 medals,

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the Distinguished Service Cross, even claims

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to the Medal of Honor. He said he led a guerrilla

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unit called Angmagamaharlika. The noble ones.

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The noble ones. He built his entire political

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brand on this idea, the soldier statesman. But

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when historians and, more importantly, the U

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.S. Army actually looked into the files later

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on, well. the picture just crumbled the sources

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here are pretty blunt i'm looking at u .s army

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documents that describe these claims as fraudulent

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and absurd they found zero evidence that his

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supposed guerrilla unit the maharlika actually

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fought the japanese in any significant way in

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fact some records suggested they were more involved

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in uh black market activities that were actually

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detrimental to the real resistance. And the medals.

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The medals are the kicker. Many of them were

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awarded in 1962. 1962? Wait a minute, the war

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ended in 1945. Exactly. Nearly two decades later,

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awarded just in time for his Senate campaign,

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he was retroactively building a legend to suit

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a political purpose. He even started claiming

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genealogy, linking him to General Antonio Luna,

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a revolutionary hero, and a 16th century pirate

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named Limahong. So he's just crafting this epic

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destiny for himself. I'm the descendant of heroes,

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the war hero, the legal genius. And it worked.

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It absolutely worked. He climbed the political

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ladder, House of Representatives, the Senate,

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Senate president. And finally, the presidency

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in 1965. He ran against the incumbent, Diosdado

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Macapagal, and won. He won. So 1965, Marcos is

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president. The slogan was... This nation can

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be great again. These were supposed to be the

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golden years. What did that look like on the

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ground initially? Well, initially it looked like

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construction. Massive, massive construction projects.

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This is what economists and historians now call

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his edifice complex. The edifice complex. He

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launched these huge infrastructure projects.

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Roads, schools, bridges, and of course the cultural

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center of the Philippines, the CCP. The CCP is

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iconic, but when you call it a complex, that

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implies something psychological is going on.

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Oh, for sure. It was about projecting an image

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of progress, of modernity to the world. Look

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at these grand buildings. Look at how far the

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Philippines has come. And Melta Marcos, the first

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lady, was heavily involved in all of this. But

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the question you always have to ask with infrastructure

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is who paid for it? And the analysis shows this

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was all funded heavily by foreign loans. You

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got it. Putting on a national credit card. So

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it created a visual facade of prosperity, but

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it was sowing the seeds of a massive debt crisis

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down the road. Precisely. And speaking of foreign

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money, we absolutely have to talk about the Vietnam

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War. This is where the geopolitics really kicks

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in. I thought Marcos was against the Vietnam

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War, at least initially. Didn't he campaign on

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keeping the Philippines out of it? He did. He

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was publicly opposed to sending troops. But once

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he was in office, the pressure from US President

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Lyndon B. Johnson was just immense. The US needed

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allies in Vietnam to make it look like an international

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coalition. not just an American war. So Marcos

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did a flip -flop. A classic political flip -flop.

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He sent the FILCAG, the Philippine Civic Action

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Group. But they were non -combat, right? They

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were non -combat engineers, yes. So he could

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technically claim they weren't fighting, but

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they were there in the war zone. And the implication

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is crystal clear. This secured U .S. political

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support and, more importantly, U .S. funding.

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Which he needed for those edifices. He needed

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it for everything. But while he's building theaters

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in Manila, Something very dark is happening in

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the south of the country. The Jabada Massacre.

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This feels like a major turning point in the

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sources. It's a critical, critical turning point.

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In 1968, there was a secret plan called Operation

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Merdeka. The idea, allegedly, was to train a

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special commando unit of Muslim recruits, Moros,

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to go in and destabilize Sabah. Sabah, the territory

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in Malaysia that the Philippines had a territorial

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claim to. Correct. And these recruits were being

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trained on Corregidor Island, of all places.

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An historic fortress. The very one. But the mission

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went sideways. The recruits reportedly mutinied.

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Or they refused the mission. Some sources say

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it's because they didn't want to fight their

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fellow Muslims in Malaysia. Others say it was

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because they just weren't being paid. So what

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did the military do? To cover it all up, they

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executed them. They just mowed them down. Yes.

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But there was one survivor, a man named Jibin

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Arula. He managed to swim away, clung to some

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driftwood, and eventually he testified about

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what happened. And when that news broke? It was

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an absolute explosion. It completely alienated

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the Muslim population from the Manila government,

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which they already saw as Christian dominated

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and, well, treacherous. This single event directly

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ignites the Moro insurgency and leads to the

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formation of the MNLF, the Moro National Liberation

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Front. So the war in Mindanao that has lasted

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for decades, you can trace a direct line right

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back to this cover up. Absolutely. Yeah. It shattered

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a trust that has arguably never been fully restored.

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And as we move into a second term, that chaos,

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that violence, it starts to spread to the capital

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as well. Which brings us to the 1969 election.

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Marcos becomes the first president in Philippine

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history to win a second term. But the sources

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we have describe this as the dirtiest, most violent

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and most corrupt campaign ever seen. They called

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it the campaign of the three G's. Guns, goons

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and gold. Guns, goons and gold. Catchy, but terrifying.

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The spending was completely out of control. Marcos

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reportedly spent so much money buying votes and

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securing loyalty that he actually triggered a

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balance of payments crisis. Can you break that

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down for the listener? What exactly is a balance

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of payments crisis in this context? Sure. Basically,

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the country ran out of its foreign currency reserves

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because the government was spending far, far

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more than it was bringing in. To fix it, they

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had to devalue the currency, let the peso float.

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Which means the peso plummeted against the dollar.

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It plummeted. And when that happens, everything

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imported gets more expensive. Inflation just

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soared. The golden years facade was cracking

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and fast. The average Filipino was suddenly much,

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much poorer. And the people felt it. This is

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where we see the first quarter storm erupting

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in 1970. Yes. Massive student protests. And the

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imagery is so vivid. During a State of the Nation

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address, students literally threw a coffin and

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a stuffed alligator at Marcos as he was entering

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Congress. A stuffed alligator? That's very specific.

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In Philican culture, the buaya, or crocodile,

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the alligator, is the ultimate symbol of greed.

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It's the symbol of the corrupt politician. And

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the state's response to these protests? Violence.

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The police dispersed the protests brutally. And

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this had a radicalizing effect. Students who

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are, you know, moderates, just asking for reform.

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They started looking at the radicals and the

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communist movement and thinking, maybe they're

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right. Maybe the system can't be fixed. So violence

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begets more violence. And then we get the Plaza

00:12:09.929 --> 00:12:13.250
Miranda bombing in 1971. This is one of the biggest

00:12:13.250 --> 00:12:15.789
and darkest mysteries in Philippine political

00:12:15.789 --> 00:12:18.909
history. It was a liberal party rally, the main

00:12:18.909 --> 00:12:21.509
opposition party. Grenades were thrown onto the

00:12:21.509 --> 00:12:24.769
stage. Nine people died. Nearly 100 were injured.

00:12:25.129 --> 00:12:27.110
The opposition leadership was almost entirely

00:12:27.110 --> 00:12:29.750
wiped out in one night. And naturally, Marcos

00:12:29.750 --> 00:12:32.269
blamed the communists. Immediately. He blamed

00:12:32.269 --> 00:12:34.830
the CPP, NPA, the Communist Party of the Philippines,

00:12:35.009 --> 00:12:38.009
Sioux People's Army. But his critics and even

00:12:38.009 --> 00:12:40.190
later evidence from, you know, CIA, moles and

00:12:40.190 --> 00:12:42.250
other sources suggested that Marcos might have

00:12:42.250 --> 00:12:44.120
been involved. Or at the very least, he allowed

00:12:44.120 --> 00:12:46.080
it to happen to create a pretext for cracking

00:12:46.080 --> 00:12:49.000
down. A false flag operation. Create a crisis

00:12:49.000 --> 00:12:51.299
to justify your solution. It's a very strong

00:12:51.299 --> 00:12:53.720
possibility that historians debate to this day.

00:12:53.860 --> 00:12:56.740
But regardless of who actually threw the grenade,

00:12:57.220 --> 00:13:00.940
Marcos used it. He immediately suspended the

00:13:00.940 --> 00:13:04.139
writ of habeas corpus. Which means? Habeas corpus

00:13:04.139 --> 00:13:06.379
is the legal protection that prevents the government

00:13:06.379 --> 00:13:08.720
from just arresting you without a warrant and

00:13:08.720 --> 00:13:11.539
holding you indefinitely. So by suspending it,

00:13:11.580 --> 00:13:14.120
he could arrest anyone he wanted. It blurred

00:13:14.120 --> 00:13:16.679
the line between being a legal protester and

00:13:16.679 --> 00:13:18.860
being an armed rebel. It feels like the walls

00:13:18.860 --> 00:13:22.299
are just closing in. Then come the 1972 Manila

00:13:22.299 --> 00:13:25.220
bombings, department stores, water pipes blowing

00:13:25.220 --> 00:13:27.799
up. Right, a series of strange, mysterious explosions.

00:13:27.879 --> 00:13:30.419
No one was really getting hurt, but it created

00:13:30.419 --> 00:13:32.960
this atmosphere of terror and chaos in the capital.

00:13:33.299 --> 00:13:36.899
The government blamed urban guerrillas. But again,

00:13:36.980 --> 00:13:38.820
the only suspects who were ever caught were linked

00:13:38.820 --> 00:13:41.279
to the Philippine constabulary, the police force.

00:13:41.399 --> 00:13:43.480
It looked very much like stage setting. Setting

00:13:43.480 --> 00:13:46.500
the stage for the big move. September 1972. Russia

00:13:46.500 --> 00:13:50.039
law. Proclamation 1081. Signed on September 21st,

00:13:50.039 --> 00:13:52.679
but announced to the public on September 23rd.

00:13:52.740 --> 00:13:55.639
The official rationale was to save the republic

00:13:55.639 --> 00:13:58.460
from the communists on the left and the oligarchs

00:13:58.460 --> 00:14:00.679
on the right. He promised to reform society.

00:14:01.039 --> 00:14:04.539
And the immediate action was... Absolute silence.

00:14:04.879 --> 00:14:07.639
Complete silence. All media outlets were shut

00:14:07.639 --> 00:14:10.940
down. Congress was padlocked. Opposition leaders

00:14:10.940 --> 00:14:13.799
like Ninoy Aquino and Jose Diokno were arrested

00:14:13.799 --> 00:14:15.659
in the middle of the night. It was a total, complete

00:14:15.659 --> 00:14:18.600
takeover of the state. But Marcos was very savvy

00:14:18.600 --> 00:14:20.559
with his branding. He didn't just say, I'm the

00:14:20.559 --> 00:14:25.039
dictator now. He called it the new society. This

00:14:25.039 --> 00:14:27.720
is what's so fascinating. He called it constitutional

00:14:27.720 --> 00:14:30.940
authoritarianism. He wanted to reshape the Filipino

00:14:30.940 --> 00:14:33.100
psyche, not just the government. There were songs,

00:14:33.220 --> 00:14:35.559
slogans, propaganda everywhere. His daughter

00:14:35.559 --> 00:14:38.559
Amy led the Kabatong Barangay, a national youth

00:14:38.559 --> 00:14:40.379
group. It sounds a lot like social engineering.

00:14:40.740 --> 00:14:42.899
It was exactly that. The goal was to discipline

00:14:42.899 --> 00:14:45.480
the populace while centralizing all power in

00:14:45.480 --> 00:14:48.039
one man. And to do that, you need an apparatus

00:14:48.039 --> 00:14:51.470
of control. Enter the Rolex 12. Right. A circle

00:14:51.470 --> 00:14:54.190
of 12 of his most loyal military and civilian

00:14:54.190 --> 00:14:56.950
advisors, people like Juan Ponce and Ryle, Fidel

00:14:56.950 --> 00:15:00.090
Ramos, Fabian Varar, they were the muscle. And

00:15:00.090 --> 00:15:02.629
the military itself expanded from around 65 ,000

00:15:02.629 --> 00:15:07.110
troops to over 270 ,000. That is a massive, massive

00:15:07.110 --> 00:15:09.090
buildup. And what about the U .S.? They were

00:15:09.090 --> 00:15:11.169
just watching this happen. The U .S. was in a

00:15:11.169 --> 00:15:12.570
bind, or at least that's how they framed it.

00:15:12.649 --> 00:15:15.370
The Carter administration later on had serious

00:15:15.370 --> 00:15:19.120
concerns about human rights. The Cold War was

00:15:19.120 --> 00:15:22.000
the absolute priority. The bases. The bases.

00:15:22.519 --> 00:15:25.299
Subic Naval Base and Clark Air Base were just

00:15:25.299 --> 00:15:27.480
too important for projecting American power in

00:15:27.480 --> 00:15:30.919
Asia. So despite the documented abuses, billions

00:15:30.919 --> 00:15:33.720
in military and economic aid just kept flowing

00:15:33.720 --> 00:15:35.679
to Marcos. And let's talk about those abuses,

00:15:35.759 --> 00:15:37.860
because the new society wasn't just parades and

00:15:37.860 --> 00:15:39.379
youth groups. The human rights numbers in these

00:15:39.379 --> 00:15:41.899
reports are just staggering. They are. Amnesty

00:15:41.899 --> 00:15:44.419
International and other human rights groups estimate

00:15:44.419 --> 00:15:47.480
that around 70 ,000 people were imprisoned, 34

00:15:47.480 --> 00:15:50.200
,000 were tortured, and over 3 ,200 were killed.

00:15:50.340 --> 00:15:52.299
And the specifics in the reports are they're

00:15:52.299 --> 00:15:54.519
gruesome. We see terms like safe houses and the

00:15:54.519 --> 00:15:57.279
San Juanico Bridge. The San Juanico Bridge refers

00:15:57.279 --> 00:16:00.379
to a specific torture method. The actual bridge

00:16:00.379 --> 00:16:03.059
is a famous landmark. But in the torture room,

00:16:03.100 --> 00:16:05.279
it meant a victim was suspended between two beds

00:16:05.279 --> 00:16:07.340
with their head on one and their feet on the

00:16:07.340 --> 00:16:10.080
other. If they sagged or fell, they were beaten.

00:16:10.240 --> 00:16:14.299
And there was sexual abuse, mutilation. Electrocution,

00:16:14.480 --> 00:16:17.480
waterboarding, and a term that became terrifyingly

00:16:17.480 --> 00:16:21.220
common in the Philippines, salvaging. Which ironically

00:16:21.220 --> 00:16:24.659
doesn't mean saving something. No. In this context,

00:16:24.899 --> 00:16:28.059
salvaging meant summary execution. Yeah. Taking

00:16:28.059 --> 00:16:30.389
a suspect. killing them, and then dumping the

00:16:30.389 --> 00:16:32.809
body in a field or a river to spread terror among

00:16:32.809 --> 00:16:35.029
the population. We have names in these files,

00:16:35.110 --> 00:16:37.490
too. People like Archimedes Trejano. A student.

00:16:37.690 --> 00:16:39.909
He made the mistake of asking a question at an

00:16:39.909 --> 00:16:42.549
open forum about Amy Marcos' appointment to a

00:16:42.549 --> 00:16:44.750
government post. He questioned her qualifications.

00:16:45.190 --> 00:16:47.870
He was dragged out by her security, beaten severely,

00:16:48.129 --> 00:16:50.929
and his body was found a few days later. Then

00:16:50.929 --> 00:16:53.789
there's Liliosa Hilau, Edgar Jobson. These were

00:16:53.789 --> 00:16:55.789
young, bright people, the future of the country,

00:16:55.909 --> 00:16:58.149
who were silenced. And it wasn't just individuals.

00:16:58.289 --> 00:17:01.769
There were massacres. The Escalante Massacre,

00:17:01.870 --> 00:17:05.410
the Malisbong Massacre, where, what, 1 ,500 Moros

00:17:05.410 --> 00:17:07.609
were killed inside a mosque. It was a period

00:17:07.609 --> 00:17:10.910
of intense, systematic brutality, all hidden

00:17:10.910 --> 00:17:13.849
behind the propaganda of the new society. But

00:17:13.849 --> 00:17:15.569
while this political repression was happening,

00:17:15.710 --> 00:17:18.890
there was a parallel project, an economic looting

00:17:18.890 --> 00:17:22.109
of the country. This is Section 5 of our deep

00:17:22.109 --> 00:17:25.569
dive, The Economics of Plunder. This is where

00:17:25.569 --> 00:17:28.849
the term kleptocracy rule by thieves really gets

00:17:28.849 --> 00:17:31.250
defined. The official estimates of the stolen

00:17:31.250 --> 00:17:34.390
wealth range from 5 billion to as high as 10

00:17:34.390 --> 00:17:37.049
billion U .S. dollars. Just to put that in context

00:17:37.049 --> 00:17:39.369
for everyone listening, what was his official

00:17:39.369 --> 00:17:43.250
salary as president? It was about $13 ,500 a

00:17:43.250 --> 00:17:46.680
year. So the math just doesn't work. Not even

00:17:46.680 --> 00:17:48.880
close. How do you even steal $10 billion? You

00:17:48.880 --> 00:17:50.359
can't just take that out of the National Register.

00:17:50.640 --> 00:17:53.359
No, you have to institutionalize the theft. This

00:17:53.359 --> 00:17:55.880
is what we call crony capitalism. It's not just

00:17:55.880 --> 00:17:58.619
simple corruption. It's a systemic takeover of

00:17:58.619 --> 00:18:01.019
the entire economy. How did it work? They did

00:18:01.019 --> 00:18:03.380
it in a few ways. They diverted foreign aid.

00:18:03.480 --> 00:18:05.720
They took massive kickbacks from all those public

00:18:05.720 --> 00:18:08.319
works projects. But the biggest and most destructive

00:18:08.319 --> 00:18:11.319
mechanism was creating monopolies. Give us an

00:18:11.319 --> 00:18:14.380
example. The coconut levy fund scam is a big

00:18:14.380 --> 00:18:16.720
one mentioned in the sources. This is just heartbreaking

00:18:16.720 --> 00:18:19.319
because it targeted the poorest of the poor.

00:18:19.579 --> 00:18:22.720
The government imposed a taxa levy on all coconut

00:18:22.720 --> 00:18:25.319
farmers. They promised this money would be used

00:18:25.319 --> 00:18:27.279
to develop the industry and help the farmers.

00:18:27.440 --> 00:18:30.400
Sounds good in theory. In practice, that money,

00:18:30.500 --> 00:18:33.140
billions and billions of pesos, was collected

00:18:33.140 --> 00:18:36.000
and placed into a single bank. That bank was

00:18:36.000 --> 00:18:38.690
then bought by Marcus's cronies. like Dan and

00:18:38.690 --> 00:18:41.509
Kawanko, using the farmers' own money. Unbelievable.

00:18:41.970 --> 00:18:44.210
They then used that bank to buy up all the coconut

00:18:44.210 --> 00:18:47.069
mills and trading companies. So the cronies ended

00:18:47.069 --> 00:18:49.390
up owning the entire industry from top to bottom,

00:18:49.470 --> 00:18:51.630
bought with the farmers' own cash, while the

00:18:51.630 --> 00:18:54.140
farmers themselves got nothing. It completely

00:18:54.140 --> 00:18:56.539
decimated their livelihoods. And all that profit,

00:18:56.599 --> 00:18:58.539
where did it go? It didn't stay in the Philippines.

00:18:58.900 --> 00:19:01.819
No. It went into secret Swiss bank accounts.

00:19:02.079 --> 00:19:04.519
It went into shell corporations that were fronted

00:19:04.519 --> 00:19:06.779
by people like Jose El Campos. And it went into

00:19:06.779 --> 00:19:09.160
real estate. They bought landmark buildings in

00:19:09.160 --> 00:19:12.099
New York, the Crown Building, 40 Wall Street,

00:19:12.380 --> 00:19:16.380
mansions in London, Rome, Hawaii. And the Guinness

00:19:16.380 --> 00:19:18.539
Book of World Records actually cited them for

00:19:18.539 --> 00:19:21.460
the largest ever theft from a government. That's

00:19:21.460 --> 00:19:24.119
a wild record to hold. It is. But the domestic

00:19:24.119 --> 00:19:27.220
impact was the real tragedy. By the early 80s,

00:19:27.220 --> 00:19:29.819
the economy had completely crashed. Foreign debt

00:19:29.819 --> 00:19:33.799
went from around $360 million in 1962 to over

00:19:33.799 --> 00:19:37.819
$26 billion by 1985. And poverty. Poverty skyrocketed.

00:19:37.819 --> 00:19:40.339
It went from 41 % of the population to nearly

00:19:40.339 --> 00:19:43.940
59%. Real wages just plummeted. Economists have

00:19:43.940 --> 00:19:46.019
a term for this, don't they? Immiserizing growth.

00:19:46.480 --> 00:19:49.019
That's it, exactly. The GDP might have ticked

00:19:49.019 --> 00:19:50.660
up on paper for a while because of all the debt

00:19:50.660 --> 00:19:52.759
-fueled spending, but the people on the ground

00:19:52.759 --> 00:19:54.859
actually got poorer and poorer. So you have a

00:19:54.859 --> 00:19:57.480
starving population, a brutal military, and a

00:19:57.480 --> 00:20:00.200
leader who is, by all accounts, losing his physical

00:20:00.200 --> 00:20:02.480
grip. We're moving into the decline and fall.

00:20:02.759 --> 00:20:05.839
By 1981, Marcos officially lifted martial law.

00:20:06.430 --> 00:20:08.890
But it was a complete sham. He kept all his decree

00:20:08.890 --> 00:20:11.569
-making powers. It was just a PR move to plunder

00:20:11.569 --> 00:20:13.690
the pope who was visiting and to appease the

00:20:13.690 --> 00:20:15.849
U .S. But the real turning point, the moment

00:20:15.849 --> 00:20:19.089
everything truly changed, was August 21, 1983.

00:20:19.809 --> 00:20:23.349
The assassination of Ninoy Aquino. Benigno Ninoy

00:20:23.349 --> 00:20:25.829
Aquino was the face of the opposition. He'd been

00:20:25.829 --> 00:20:28.930
in exile in the U .S. He decided to return, knowing

00:20:28.930 --> 00:20:32.190
full well how dangerous it was. He famously said,

00:20:32.559 --> 00:20:35.119
The Filipino is worth dying for. He lands at

00:20:35.119 --> 00:20:37.380
the Manila International Airport. He steps off

00:20:37.380 --> 00:20:39.759
the plane. And before his feet even touch the

00:20:39.759 --> 00:20:42.200
tarmac. Gunshots. He was killed right there on

00:20:42.200 --> 00:20:44.519
the airport stairs, surrounded by soldiers who

00:20:44.519 --> 00:20:46.380
were supposed to be protecting him. The government

00:20:46.380 --> 00:20:48.640
immediately blamed a lone gunman, a supposed

00:20:48.640 --> 00:20:51.859
communist hitman named Rolando Gallman. But nobody

00:20:51.859 --> 00:20:53.980
bought it. The security was just too tight. It

00:20:53.980 --> 00:20:57.319
sparked this massive nationwide outrage. And

00:20:57.319 --> 00:20:59.279
not just from the usual student activists this

00:20:59.279 --> 00:21:01.500
time, but from the middle class. The business

00:21:01.500 --> 00:21:04.220
elites. This is where we see the confetti revolution

00:21:04.220 --> 00:21:07.099
in the business district of Makati. Yellow confetti

00:21:07.099 --> 00:21:09.500
raining down from all the office buildings. Capital

00:21:09.500 --> 00:21:12.279
flight accelerated. The economy went into a complete

00:21:12.279 --> 00:21:16.539
tailspin. And Marcos himself was physically deteriorating.

00:21:16.829 --> 00:21:19.529
The lupus. He had lupus. His kidneys were failing.

00:21:19.750 --> 00:21:22.210
He was secretly undergoing transplants. There

00:21:22.210 --> 00:21:25.230
was a power vacuum and Imelda was increasingly

00:21:25.230 --> 00:21:28.089
stepping in to fill it. So under immense pressure

00:21:28.089 --> 00:21:30.529
from the U .S. to prove he still had a legitimate

00:21:30.529 --> 00:21:33.789
mandate, Marcos calls a snap election in early

00:21:33.789 --> 00:21:36.849
1986. He thought he could rig it one more time

00:21:36.849 --> 00:21:40.269
and put the issue to rest. He ran against Corazon

00:21:40.269 --> 00:21:43.650
Aquino. Ninoy's widow. And the fraud was just

00:21:43.650 --> 00:21:46.369
blatant. But there's this incredible, almost

00:21:46.369 --> 00:21:48.349
cinematic moment that happens in the tabulation

00:21:48.349 --> 00:21:50.529
center. The Kamala computer technicians, they

00:21:50.529 --> 00:21:52.609
were sitting there and putting the votes. And

00:21:52.609 --> 00:21:54.490
they saw the numbers being manipulated in real

00:21:54.490 --> 00:21:56.869
-time votes for Aquino being shaved off, votes

00:21:56.869 --> 00:21:59.470
for Marcos being patted. And about 30 of them

00:21:59.470 --> 00:22:01.349
just stood up and walked out in protest. And

00:22:01.349 --> 00:22:03.150
it was televised? It was televised. It showed

00:22:03.150 --> 00:22:05.029
the entire world that the election was a sham.

00:22:05.210 --> 00:22:07.809
So both sides declared victory. It was a standoff.

00:22:07.930 --> 00:22:10.619
And then the military finally breaks. Defense

00:22:10.619 --> 00:22:12.940
Minister Enrail and General Ramos, two of his

00:22:12.940 --> 00:22:16.079
original Rolex 12, they defected. They holed

00:22:16.079 --> 00:22:17.759
up in military camps along the main highway,

00:22:17.900 --> 00:22:20.779
EDSA, and then Cardinal Sin, the Archbishop of

00:22:20.779 --> 00:22:22.900
Manila, went on the radio and called on the people

00:22:22.900 --> 00:22:25.819
to go out and protect them. This is it. EDSA,

00:22:26.019 --> 00:22:29.519
the people power revolution. Millions of people

00:22:29.519 --> 00:22:32.480
pouring onto the highway. Nuns kneeling in front

00:22:32.480 --> 00:22:35.079
of tanks, holding rosaries. Marcos ordered the

00:22:35.079 --> 00:22:37.299
military to disperse the crowds. He was on the

00:22:37.299 --> 00:22:39.799
phone with General Ver, who was itching to open

00:22:39.799 --> 00:22:42.099
fire. But ultimately, the troops on the ground

00:22:42.099 --> 00:22:44.559
refused to shoot their own people. It was over.

00:22:44.740 --> 00:22:47.319
So the endgame. Marcos gets on the phone with

00:22:47.319 --> 00:22:49.759
Washington. He talks to U .S. Senator Paul Laxalt.

00:22:50.009 --> 00:22:52.869
He asks for advice. And Laxalt gives that famous,

00:22:53.069 --> 00:22:57.329
chillingly simple reply. Cut and cut cleanly.

00:22:57.390 --> 00:23:00.049
Meaning, it's time to go. The U .S. Air Force

00:23:00.049 --> 00:23:02.609
flew the family out of the palace, first to Guam,

00:23:02.609 --> 00:23:04.769
then to Hawaii. And they didn't exactly pack

00:23:04.769 --> 00:23:06.609
light. The inventory of what they brought with

00:23:06.609 --> 00:23:08.910
them is just mind -blowing. It's the physical

00:23:08.910 --> 00:23:11.490
evidence of the plunder. They arrived with 22

00:23:11.490 --> 00:23:14.670
crates of cash. We're talking over $700 million

00:23:14.670 --> 00:23:18.960
in value. Gold bullion. Exquisite jewelry. There

00:23:18.960 --> 00:23:21.400
was even a solid gold statue covered in diamonds.

00:23:21.619 --> 00:23:24.119
And back in Manila, the protesters stormed the

00:23:24.119 --> 00:23:26.660
Malacanang Palace. And what did they find? The

00:23:26.660 --> 00:23:30.319
shoes. Imelda's 2 ,700 pairs of shoes. It became

00:23:30.319 --> 00:23:33.500
the global symbol of their obscene excess. While

00:23:33.500 --> 00:23:35.599
the country was in deep poverty, she had a department

00:23:35.599 --> 00:23:38.579
store in her closet. So Marcos is in exile in

00:23:38.579 --> 00:23:40.859
Hawaii. Does he just accept defeat and live out

00:23:40.859 --> 00:23:43.019
his days? Not at all. He immediately started

00:23:43.019 --> 00:23:45.339
plotting to return. There are the Marcos tapes

00:23:45.339 --> 00:23:47.440
recordings of him talking about buying tanks

00:23:47.440 --> 00:23:49.660
and missiles for an invasion to retake the Philippines.

00:23:49.920 --> 00:23:52.240
But his health finally caught up with him. He

00:23:52.240 --> 00:23:55.279
died in 1989 of organ failure. But the story

00:23:55.279 --> 00:23:57.440
doesn't end with his death, does it? No, not

00:23:57.440 --> 00:23:59.880
by a long shot. His body was brought back but

00:23:59.880 --> 00:24:02.480
kept in a refrigerated crypt in Ilocos for decades.

00:24:02.619 --> 00:24:04.940
The family refused to bury him unless it was

00:24:04.940 --> 00:24:08.150
a hero's burial. And in 2016, President Duterte

00:24:08.150 --> 00:24:10.910
allowed it. He was buried at the living nun Namuga

00:24:10.910 --> 00:24:13.930
Bayani, the hero's cemetery. Which sparked massive

00:24:13.930 --> 00:24:17.329
protests all over again. It was seen as a blatant

00:24:17.329 --> 00:24:20.839
attempt to rewrite history. to legitimize the

00:24:20.839 --> 00:24:22.680
dictatorship. And speaking of rewriting history,

00:24:22.900 --> 00:24:25.200
the family came back. They returned to politics

00:24:25.200 --> 00:24:27.740
despite the theft, despite the human rights abuses.

00:24:28.000 --> 00:24:29.420
And the Swiss government eventually returned

00:24:29.420 --> 00:24:33.640
about $684 million of the stolen funds. Class

00:24:33.640 --> 00:24:35.779
action lawsuits in the U .S. awarded billions

00:24:35.779 --> 00:24:38.259
to the human rights victims, though collecting

00:24:38.259 --> 00:24:41.440
it has been incredibly difficult. But the family

00:24:41.440 --> 00:24:44.609
itself, they maintained their innocence. They

00:24:44.609 --> 00:24:47.309
call the documented abuses political accusations.

00:24:47.750 --> 00:24:51.509
And then in 2022, his son, Ferdinand Bongbong

00:24:51.509 --> 00:24:54.049
Marcos Jr., was elected president of the Philippines.

00:24:54.410 --> 00:24:57.230
It's a remarkable, some would say shocking, political

00:24:57.230 --> 00:25:00.089
resurrection. It speaks to the power of branding,

00:25:00.190 --> 00:25:03.329
of social media, of historical revisionism, and

00:25:03.329 --> 00:25:06.230
perhaps the failure of the post -EDSA administrations

00:25:06.230 --> 00:25:08.049
to deliver on the promises of the revolution

00:25:08.049 --> 00:25:11.220
for everyone. Many people look back at the myth

00:25:11.220 --> 00:25:13.000
of the golden years with a kind of nostalgia,

00:25:13.339 --> 00:25:15.460
forgetting the mechanics of the plunder we just

00:25:15.460 --> 00:25:18.299
discussed. So what does this all mean? We have

00:25:18.299 --> 00:25:22.039
a new society that became a kleptocracy, a supposed

00:25:22.039 --> 00:25:25.519
war hero who faked his medals, a dictator who

00:25:25.519 --> 00:25:27.599
was ousted by the people in a peaceful revolution,

00:25:27.960 --> 00:25:30.849
yet his family is back in power. It brings us

00:25:30.849 --> 00:25:33.190
right back to that Marcos paradox. Yeah. He had

00:25:33.190 --> 00:25:35.890
the vision and the intellect to build a strong

00:25:35.890 --> 00:25:38.109
nation. I mean, he really did know the law and

00:25:38.109 --> 00:25:40.750
the system better than anyone. But he used all

00:25:40.750 --> 00:25:43.410
those tools to build a personal empire instead.

00:25:43.730 --> 00:25:47.049
He centralized power to reform society. But that

00:25:47.049 --> 00:25:49.390
very centralization just made it easier to steal

00:25:49.390 --> 00:25:51.390
from it. That's a very heavy legacy to unpack.

00:25:51.769 --> 00:25:54.549
It is. And here's a provocative thought to leave

00:25:54.549 --> 00:25:56.670
you with, to leave everyone listening with. We

00:25:56.670 --> 00:25:58.170
often think of history as something settled.

00:25:58.619 --> 00:26:00.680
The dictator falls, democracy wins, the end.

00:26:01.019 --> 00:26:03.880
But the Marcos story shows us that history is

00:26:03.880 --> 00:26:06.500
fluid. It can be revised. It can be rebranded.

00:26:06.640 --> 00:26:09.460
So the question is, if a figure with such a heavily

00:26:09.460 --> 00:26:12.079
documented record of theft and abuse can see

00:26:12.079 --> 00:26:14.019
his family return to the very center of power,

00:26:14.240 --> 00:26:16.940
what does that say about the durability of truth

00:26:16.940 --> 00:26:19.460
itself in our modern age? That is something to

00:26:19.460 --> 00:26:22.259
mull over. Thank you for listening to this deep

00:26:22.259 --> 00:26:24.759
dive into the machinery of the Marcos regime.

00:26:25.059 --> 00:26:27.440
Always a pleasure to explore the archives with

00:26:27.440 --> 00:26:29.680
you. Keep asking questions. We'll see you in

00:26:29.680 --> 00:26:30.619
the next deep dive.
