It is the year of 1985 in a small country in Southeast Asia, Philippines the pearl of the orient also known as one of the prosperous country in Asia Lead by a man knows as Ferdinand Marcos. The current president of the country at that time.
In 1965 President Marcos was first elected and stay in position until 1986 for almost 3 decade Marcos ruled the entire nation in a wavy situation during his first term in 1965 President Marcos has continued Macapagal's economic liberalization policies in turn causing the debt of the country to rise from $360 million in 1962 to $27.2 billion in 1986.
Much of this debt was for the government to finance economic development projects, which had to rely on borrowing from international lenders such as IMF or International Monetary fund this is where the start of conspiracy begun. The start of the downfall of once of the second biggest economy in Asia to what remains today.
President Marcos has lead the country for more than 20 years this is already his third term as the country's president though this situation lead to a rather messy situation due to rising communist activity in the country President Marcos used his power to imposed the Martial law among his people.
Marcos was known as one of the brightest and brilliant mind among the many mega projects that been hailed as the golden age of infrastructure at that time.
However, it comes with a cost president Marcos lead the country with authoritarian control.
Does he really ruled it with absolute terror or it's just what the conspirators wanted to project to the world that this man is a corrupt official so they could imposed a limit to his power and influence.
Economic reforms suddenly became possible under martial law. The powerful opponents of reform was silenced and the organized opposition was also quilted.
In the past, it took enormous wrangling and preliminary stage managing before a piece of economic reform legislation could even pass through Congress.
Now it all became possible under the presidential decree Marcos wanted to deliver major changes in economic policy of the government.
During his reign Marcos has decided to build a lot of infrastructure project from the loans he have taken but he didn't know that those loans are just one of the reason for the fall of the country's economy the IMf have decided.
It's technique is to make the country barrowed a huge amount of money., Crippling the balance and it's capability to pay it's loan forcing that country to agree to the conditions of IMF and World bank for the Philippines to be granted another loan to pay it's previous loan that leads to the extreme devaluation of the Philippine peso.
The government was forced to called an emergency loans from the world bank and transactions commercial banks to receive additional funds but there was a cost; interest rate rose to as high as 40 percent and real GNP declined by 11% over 1984 and 1985. Byy 1986 the ration of internatl debt to GNP in the Philippines had peaked at 97%.
During his reign US and Philippines has a very closed ties to each other but that is all a plot to more tragic conspiracy waiting too disestablish the Philippine economy and overthrow its current president the united states doesn't want the Philippines to have it's own power for they would loosed their controlled towards Southeast Asia.
For the Philippines has a very important role for it is strategically located at the mouth of Pacific Ocean that serves as a gate of entry if you want to enter the center of Asia.
December 29, 1970 CPP new people's army have raid the PMA armory. Capturing rifles, man=chine guns, grenade launchers, a bazooka and thousands of rounds of ammunition. In 1972 China who actively supporting and arming the communist insurgencies in Asia as part of the Mao Zedong's People War Doctrine transported weapons for the NPA to defeat the government and destabilized it's economy for china have a hidden agenda against us.
At this time 1970 country's economy was booming a lot of people want's to invest in our country but due to act of terrorism Marcos imposed the martial law on the nation and suspend the writ of habeas corpus this decision leads to the abuse of military due to they hold the power on whom they are going to arrest. Soldiers have abused the authority given by the president and committed a lot of heinous crimes against the people.
Martial law was declared in 1972 after the manila bombings due to this armed forces had quadrupled and more funds has now gone to the army. In 1981 vice president Bush praised Marcos for his "adherence to democratic principles and democratic processes. No American military or politician in the 1970s ever publicly questions the authority of Marcos to help fight communism in South East Asia. From the declaration of martial law in 1972 the U.s government provided $2.5 billion in bilateral military and economic aid to the Marcos regime.
At this time china now has parted in two country the china ruled by communist and the kumintang ruled republic of china government who now have to fled to the island of Taiwan. At this time President Marcos haw foresee that People Republic of China (communist) is a threat to our country for it has the manpower and financial support to the communist rebels in different parts of Asia the includes the philippines.
But in 1969 President Marcos was forced to establish a diplomatic relationship to the PRC ( People's Republic of china) he quoted in his state of the nation address " We, in Asia must strive towards a modus vivendi with Red China. I reiterate this need, which is becoming more urgent each day.
Before long, Communist China will have increased its striking power a thousand fold with a sophisticated delivery system for its nuclear weapons. We must prepare for that day. We must prepare to coexist peaceably with communist China" – Ferdinand Marcos January 1969., even the brightest man in the country was forced to acknowledge that china in the future would become one of the super country.
In June 1975, President Marcos went to PRC and signed a Joint Communique normalizing relations between Philippines and china. Among other things with this Communiques recognized that "there is but one china and that Taiwan is an integral part of Chinese territory" China's plan is to compete with the Philippine economy for the investment of the U.S government they are willing to built factory in their land even for a cause of destroying the ecology dumping waste water into their river and cheapest labor.
For one reason China sacrifice a lot of things to achieve what they are now the economic hub of the world or the factory of the world for one thing technology and knowledge.
They only need 3 decades form a poor country to a superpower they adopted all the technology of the west and acquired more knowledge now they are taking a step away from that they are now developing their own technology competing for the quality of the west.
Powerful oligarch family in the Philippines tries to overthrow the Marcos regime for marcos is causing a drop to their income and his way of rule conflicted with the mind of capitalist one of them was major owner of the biggest news printing press in the country blame the president for the Lost of BOP ( Balance of payment) and a lot of despicable things putting dirt onto his name.
During his last term Philippine economy id crippled and the fate of the President macos has now been set into stone the plan of the west have succeeded and china gains the rewards massive investment to its economy has now been poured down to the country.
In 1986 President marcos stepdown now the reign of terror has started to the fate of the world. Western country now has a free will to exploit the country for its natural wealth. Oligarch family now controlled most of the citizens to the used of its power and influence rich became richer poor became poorer.
What the west hasn't foreseen was a beast waiting for its time to mature to bare its fangs to the people who it deems as its enemy china has started their incubation period for their massive plan. With the traitorous act of U.S for its own greed their doom has now started.