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To: buwaya

How much was old man Marcos getting from the US for his military and from hosting US bases?


14 posted on 05/19/2022 9:53:45 AM PDT by skeeter
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To: skeeter

Under $100million a year in 1970s-80s dollars. And only some of that could be skimmed as there was a military that had to be paid for. Very important to stay in power.

The scale of stealing is on the order of $10-15 billion, 1972-86, between all the players involved, not just Marcos. Philippine external debt rose from $2.5billion in 1972 to @$26 billion in 1983. Or from 30% of GDP in 1972 to 90%+ in 1983. And thats just foreign debt. You must add domestic debt to that.


15 posted on 05/19/2022 10:10:08 AM PDT by buwaya (Strategic imperatives )
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