January 28, 1970

01 Diary of Ferdinand Marcos, 1970, 0001-0099 (Jan01-Feb28) 57 01 Diary of Ferdinand Marcos, 1970, 0001-0099 (Jan01-Feb28) 58 01 Diary of Ferdinand Marcos, 1970, 0001-0099 (Jan01-Feb28) 59

PAGE 55

Office of the President

of the Philippines

Malacañang

January 28, 1970 Wednesday 11:50 PM The pattern of subversion is slowly emerging. The danger is now apparent to me but not to most people. The conspiracy to grab power and assassinate me and about a hundred officers. The terrorism in Central Luzon with the HMB’s and the Ma-Mao holding some towns in their power. The repeated cases of liquidation of government sympathizers, informers and agents; the pink intellectuals, writers, professors and students and fellow travelers. Then the time bomb in Jusmag. The riot in Congress last Monday. Now the UP faculty marches to Malacañang tomorrow and denounces police brutality and holds the administration responsible for the “policy of repression” and the “violation of rights”. Then another mass demonstration that may lead to another riot next Friday notwithstanding promises of Gargaritano, the Security officer of the student demonstrators [in the conference this afternoon in the palace] that he will coordinate with MPD chief Tamayo to maintain peace. And I am certain this is just the beginning. The newspapermen I have in my list are busy placing the government in disrepute and holding it in contempt before the people. The sabotage and the killings will continue. The slow chipping at the people’s confidence in government authority. If we do not prepare measures of counter-action, they will not only succeed in assassinating me but in taking over the government. So we must perfect our emergency plan.

PAGE 56

Office of the President

of the Philippines

Malacañang

I have several options. One of them is to abort the subversive plan now by the sudden arrest of the plotters. But this would not be accepted by the people. Nor could we get the Huks, their legal cadres and support. Nor the MIM and other subversive [or front] organizations, nor those underground. We could allow the situation to develop naturally then after massive terrorism, wanton killings and an attempt at my assassination and a coup d’etat, then declare martial law or suspend the privilege of the writ of habeas corpus – and arrest all including the legal cadres. Right now I am inclined towards the latter.

PAGE 57

Office of the President

of the Philippines

Malacañang

The student demonstrators seem to want a parliamentary form of government. If I want to be perpetuated in power, this is the easier way to it, with a constitutional provision that there shall be no elections unless a majority of all members of a unicameral legislature should adopt a formal resolution asking for such elections – and the powers of the Prime Minister are those of the President now.


January 21, 1970

01 Diary of Ferdinand Marcos, 1970, 0001-0099 (Jan01-Feb28) 45 01 Diary of Ferdinand Marcos, 1970, 0001-0099 (Jan01-Feb28) 46

PAGE 43

Malacañang

Manila

January 21, 1970 Malacañang Palace 3:20 PM

Have met (at 11:00 AM up to lunch and 1:30 PM) with Dr. Zavhkar of the IMF and Gov. Licaros and have convinced him that instead of a 25% devaluation a floating rate would be better to be set about the later part of February. But 75% of the export earning of the traditional exports of sugar, coconut, lumber, minerals etc should be sold to the Central Bank at P3.90 per dollar and the remaining 25% goes to the exporter and can be sold at the floating rate, so as to attend to his requirements. Then we can lift the import budget but we would have to keep credit restraints for the next six months. The Central Bank will earn $600 million which can be used by the public sector only after six months. We can now lift guarantees at a certain level provided they are at least for five years – specially for export oriented industries. We still must restrain travel, public spending and luxury imports. We must raise P600 million by new taxes. The strongest argument that apparently convinced him was the violence that might attend devaluation; the demand for increase of wages and salaries.

He is correct though that if we merely engaged in restrictions, the economy would be stagnant while the prices would go up anyway because of the reduction in production and imports. Then there would also be mass lay-offs in the factories.

PAGE 44

Malacañang

Manila

12:00 PM Some unidentified persons have just time-bombed the Jusmag bldg. this morning. Only one PA Sgt. assigned there wounded but considerable damage to the building.

Looks like a 155 shell time fused in baggage compartment of a Vauxhall car parked close to the building.

This may be the beginning of a series of bombings.

Looks like leftists, activitists. Looks more like the Ma Maos.

And we received the news at 10:30 AM when I was awarding the Philippine Legion of Honor degree of Commander to Lt. Gen. Gideon, CF of the 13th Airforce. He goes to Dayton, Ohio, where it is 4 degrees below zero Fahrenheit.