Norbert Schlei prepared a memorandum released on January 7, 1991 on Japan’s “M-Fund” which is alleged to be a secret fund of money of enormous size. Norbert Schlei reported in his memorandum the “M-Fund had grown in size to US$500 billion”. According to Schlei, the M-Fund was based on gold taken by Japan during Operation Golden Lily. At the time Schlei wrote the memorandum, he stated “the M-Fund had existed in Japan for more than forty years”, and that was up until 1991 the year Schlei’s memorandum was published. There are those who contend the M-Fund (the “Marquat fund”) is still in place and that money out of this fund is being used to keep in place LDP (one party plutocracy) power in Japan. After reading the history of PM Shinzo Abe’s grandfather, Nobusuke Kishi, Kishi who later became prime minister worked against the Zaibatsu when he was in China from 1931 until 1940 developing his own monopolies on trade including opium. Seems as though now Kishi’s grandson, Shinzo Abe as the prime minster, there is some unfinished family business.
It is alleged the M-Fund was also used as a slush fund (secret political action fund) to make payouts on the assassination of prominent leftists in Japan like Inejiro Asanuma who was opposed to the LDP and further American interference in Japan. Inejiro Asanuma was violently murdered while giving a speech in 1960. The only reforms that were carried out in Japan post-WWII by MacArthur’s military rule were land reforms. All other planned reforms never took place with the Zaibatsu remaining intact even up until today through the one party plutocracy now under the LDP’s PM Shinzo Abe. Japan’s Prime Minster Shigeru Yoshida fell more in line with America when MacArthur was in Japan allegedly instituting reforms and dismantling the Zaibatsu. Shinzo Abe’s grandfather was Nobusuke Kishi who was prime minister of Japan from 1957 to 1960. Kishi took the direction of wanting an independent Japan, disagreed with the new constitution and wanted to rearm Japan so that Japan could protect itself. It was Nobusuke Kishi who was behind the establishment of the LDP which has been in power ever since. Norbert Schlei presented evidence the M-Fund beginning with Prime Minister Nobusuke Kishi, has been treated as the “private preserve of the individuals into whose control it has fallen.” Schlei also stated:
“The secrecy surrounding the M-Fund and the absence of governmental or institutional controls over it have led to abuses so great as to dwarf any governmental scandal within memory in any part of the world. The litany of abuses begins with [Nobusuke] Kishi, who, after obtaining control of the Fund from Nixon, helped himself to a fortune of 1 trillion yen (then nearly $3 billion). Kakuei Tanaka, who dominated the Fund for longer than any other individual, took from it personally some 10 trillion yen which he invested through the Union Bank of Switzerland (UBS).”
The M-Fund according to Schlei back in 1991, grew into a “staggering size of more than $500 billion”. That was back in 1991 and it is anyone’s guess today how large that fund has grown since 1991? This fund has dominated Japanese politics and is a major force in the Japanese economy according to Norbert Schlei up until 2003 when he died. This fund as unbelievable as it seems, pretty much remains a secret fund and is unknown to the vast majority of Japanese people. According to Norbert Schlei in 1991, it is not part of the Japanese government and has fallen into private hands when Richard Nixon cut a deal to turn the fund over to Kakuei Tanaka. Every once in awhile, the Komeito Party may raise an occasional public stink against the LDP related to this fund, but they are largely ignored. No other political party in Japan can compete against the financial power the LDP has at its disposal. What Schlei outlined in his memorandum, is that the fund is not, up until he wrote the memorandum in 1991, controlled by the government of Japan or even by the Liberal Democratic Party (LDP), but is rather, “the private preserve of a small group of individuals” associated with the LDP.
The basis of the M-Fund (“Marquat Fund”) according to Sterling and Peggy Seagrave, are “huge quantities of war loot that remain to this day stashed in the vaults of well-known international financial institutions such as Citibank, Chase, Hongkong & Shanghai Banking Corporation (HSBC), and Union Banque Suisse (UBS). The Union Bank of Switzerland is the same bank where it is alleged Kakuei Tanaka parked his share of the M-Fund loot he dipped into after Nixon gave him control of the fund. There were actually three underground funds: M-Fund; Yotsuya Fund; Keenan Fund. It was Marquat’s responsibility as the chief of ESS, to oversee the dissolution of the Zaibatsu and put in place reforms that never took place.
“Three underground funds were controlled by American officials during the occupation—the M-Fund, the Yotsuya Fund and the Keenan Fund. According to Takano Hajime, the M-Fund was named after General William Frederic Marquat, chief of SCAP’s Economic and Scientific Section. In theory, Marquat headed America’s program to punish and reform Japanese businesses that had gorged on war profiteering. In reality, Marquat’s biggest public relations headache was how to help them conceal these obscene profits, which by custom were shared with the imperial family. Historian John Dower explains that Marquat ‘assumed responsibility for nothing less than supervising all developments in finance, economics, labor, and science, including the dissolution of zaibatsu holding companies and the promotion of economic deconcentration. Every major government financial and economic institution reported to his section, including the Ministry of Finance, the Ministry of Commerce and Industry, and the Bank of Japan.'” (Seagrave, Yamashita’s Gold)
Taking apart the Zaibatsu in Japan under reforms that were to have happened under MacArthur’s military rule, with the Marquat Fund in place for political control quite the opposite took place. Rather than dissolving the banks and conglomerates surrounding the Zaibatsu such as Mitsui and Mitsubishi that were deeply implicated in war crimes, General William Marquat let them off the hook, demanding nothing more from these major war profiteers than cosmetic changes while leaving their internal structures largely intact. To cover up the existence of gold pillaged by Japan (Operation Golden Lily) that was being placed in a complex series of caves in the Philippines, General MacArthur according to accounts, had General Yamashita executed for “war crimes.” General Yamashita was directly involved in this gold and he apparently knew where all of the locations were for this pillaged gold stored in the Philippines. General Marquat was being directed by General MacArthur.
“It was under Tanaka’s control that perhaps the most tangible manifestation of the M-Fund’s complex and insidious influence on Japanese society became acutely felt among a small but significant group of domestic and foreign investors. A scheme was devised in which special government bonds, with values ranging from ten billion to fifty billion yen, served as a government-sanctioned repository in which to park huge sums of black money from the M-Fund; Diet approval was not required for the bonds to be technically legitimate as they were issued directly by the Ministry of Finance, of which Tanaka was the chairman. By collecting the profits accumulated through interest on the bonds, Tanaka is claimed to have personally profited from this arrangement to the tune of ten trillion yen.” (Seagrave: Yamashita’s Gold)
It is probably impossible to come up with an exact figure on the mount of gold taken out of Asia including China under Japan’s Operation Golden Lily overseen by Japan’s Prince Chichibu. One estimate has the amount of gold placed at “one million three hundred thousand metric tons of gold. That would be the equivalent of US$6.4 trillion dollars in today’s value”. It would be impossible for anyone to comprehend a figure like that. What interests me is that ongoing Japanese historical revisionism never mentions what was going on during Japan’s occupation of the Philippines related to Japan’s Operation Golden Lily. Is anyone able to conceive such an astonishing figure?
This would make the amount of gold ten times higher than the figures of official reserves around the world provided by the World Bank and the IMF. The fact that there is such a quantity of gold outside the official channels is amazing. And there are very few if any reliable sources to go to that provide consistent or honest documentation of how much gold is in existence. The amount of gold that was alleged to have been buried in the Philippines during World War II is ten times higher than the official figure of “140,000 metric tons of gold allegedly taken in more than 6,000 years of history”. These are the actual figures known as “Yamashita’s gold” and this is the gold that sits behind the M-Fund according to many sources including the American lawyer Norbert Schlei who died of a heart attack in 2003 at 73 years-old while walking on a beach. According to Sterling and Peggy Seagrave, Norbert Schlei was assassinated as were many other people who were witnesses to the existence of the M-Fund.
The factional infighting within the LDP and attempted assassinations for control of power in Japan including on the life of Shinzo Abe’s grandfather, Nobusuke Kishi in 1960, revolved around the control of wealth maybe even ultimately the M-Fund, as well as ultra right wing fanatics opposed to a security pact being signed with the US. There were those obviously in power in Japan who might have disagreed with Nobusuke Kishi’s signing the security pact with the U.S. when Kishi met with President Eisenhower at the White House to sign the security pact. After Kishi resigned as prime minister the attempt on his life was carried out.
Attempted Assassination Of Japanese Prime Minister Kishi (1960)