Now here's a highlight from Coast to Coast AM on iHeartRadio. It is Coast to Coast AM. Hello there, Connie Willis with you. Wow. Valentine's Day, it's coming up. I didn't even realize it, honestly, I just was like, what what Valentine's And I know that because it's on what is it? Tuesday?
I think it is that everybody's kind of celebrating it this weekend, right, and then also with the super Bowl, amazing weekend, lots going on and beautiful weather at least where I am, and hey, you can't beat that, right, So we've got another great guest coming up. Beforehand, though, I want to remind you people are asking me about the Robert treat deathbed confession. What's going on? Surgery coming
up and on the twentieth. You can find out more by going to my podcast, my podcast Excuse Me, which is Connie Willis the podcast. Go to Connie Willis the podcast, And if you haven't heard all of the episodes all the drops will get in there now and catch up on it. Connie Willis the Podcast. And then Monday you're going to hear another set of them, and then you're going to hear from Philip Consella joining the show and asking some questions to Roberts, and he is part of
the Consella Twins in the UK. And we've had both of these people here as guests on Coast to Coast AM. If you need more information, go to Connie Willis dot com. Joined my other shows as well. We have a great time and from time to hot time we have people like our next guests that join us. In fact, he's going to be on Blue Rock Talk my show in the next Thursday, not this coming Thursday, but the next Thursday, so you can see him live. Sometimes he wears the
patch sometimes. I like when he wears the patch. I think it's cool looking. And then he will be showing us a bunch of the pictures and stuff that that you don't get to see here on radio. But you get to hear and you will learn the character very quickly. With just a few words. You will already feel as if you know that Captain Martin Bareley as your uncle. You know what? You know what? I think that's true, Marty. I think you are kind of more like everybody's uncle.
What do you think of that he's the pirate? I gotta tell everybody. So we had you on a long time ago. You've been on my show several times. You and I have become friends along the way. And where I had first seen you was, I guess it was History Channels Billion Dollar Wreck, and I loved the series. I think you picked up for me much earlier than that. You were before Billion Dollars Wreck. I believe no, that's where I saw you because that was you, Oh, series
talking to me? Now, hold on, what a series talking to She's like, no, it was when she watched the Billion Dollars Wreck. No, no, no, I saw that and I just I couldn't believe it. I thought it was this incredible documentary. I thought they did a great job. And that's where I saw you and your son, and I think Grant Grant is amazing. I've only seen pictures of your daughter. She's beautiful. Um, but you've got a whole family thing going on, and dude, man, come on,
let's let's let's get the money. So tell people, you know, it's interesting your your first book. I know you got another one coming out, but your your book is absolutely amazing. Uh. When when I heard Okay, here's this, here's this, Uh, I'm gonna let you tell the entire story. But when I had seen, oh my gosh, look at this wreck, look at the money down there. Why hasn't he pulled
it up yet? You know that, I went to investors and I started working with you on that because it's it's like, why has this not been brought up yet? So tell And your book is amazing when somebody, when I first tell people about it, they say, oh, yeah, right, whatever, And then when they get your book, they are absolutely there, there, there they are. Then that's when they want to talk
to you. Yeah. The book The Tzar's Treasure, it's available on Amazon, goes into detail on exactly why the ship carries the cargo that she was always rumored to have carried. The book details a three million dollar cargo in nineteen or nine coins that would have a value today about a billion dollars. So that was the premise for the
History Channel show billion dollars wreck. We've since come into information and this is this is more exciting at the three million dollars on the wreck that we've identified initially, and that's in my book. The Tsar's Treasure was only a part of a twenty five million dollars shipment. So if a three million dollars is a billion dollars today, twenty five million is about seven or eight billion dollars. So I wouldn't say History Channel sign eificantly under valued
our story and the price on the wreck. So we're at least the five billion dollars very conservatively. I don't know. You do so much research and you find out so much. I mean, in the next coming months, it could be the trillion dollar wreck, and I would like that that would be okay. Now I don't think. I don't think it will be the trillion dollar wreck. We every time
I looked at the wreck, we found two cargoes. Basically, one was an eight hundred thousand dollars US Navy cargo that was going to the Great White Fleet then at Gibraltar. Then the three million dollar cargo, which was a short term loan made by the Russian State Bank going to Russian warships at Gibraltar also, and then of course what we did is we identified the additional twenty two million
dollars which makes the twenty five million dollars shipment. Overall, there's a lot of history involved in this, and you have to really understand the facts that are related to the cargo. Very most of these salvage companies, you know. The easy thing is that we as a manifest is the cargo on the manifest, We're going to go out
and recover it. That's the extent of it. But when you look at all the history of salvage, you look at such rex as the Lorentic, the Niagara, the Edinburgh, all of those were government shipments and the shipments were not disclosed until after the cargoes had been recovered. And that's exactly what we have here. We have two government shipments or one quasi government. The US government Navy payroll was a definitely a government shipment, and that was eight
hundred thousand and nineteen or nine. That's conservatively about two hundred million dollars today. So if we focus just on that cargo alone, there's plenty of room for profit for both our investors and for US recovering that cargo alone. But the three million dollars was always the rumored cargo aboard the wreck. If you look at our website, RMS hype and republic dot com and their links, their links on your site coast to coast that references our sites.
But if you look at the rumors that originally originated, the three million dollars has been the solid number. And when I researched that, I originally thought the money that was on the Oceanic, which was a white star line that left New York January thirteenth, nineteen o nine. It had three and a half million dollars on board, and I said, well, that has to be another white star liner, Republic white star liner, they both coming from the same pier.
They said it went on the Oceanic, but I think it went on a Republic instead, and the three million dollars complied to the rumor. So we did literally years of research on that, and we did import export analysis, so all of this information is in my book. We identified the three million dollars on the Oceanic, and unfortunately, and I said this years ago, I said, we identify that the Oceanic's cargo arrived. There's no money on the Republic. So we identified it that arrived. We found it in
the Bank of France records. We actually in the Bank of France records, and the Oceanic's cargo arrived. And I was actually very very disappointed because I put myself up to a challenge did that money arrive? And it arrived. So we then went back to the market, basically reading all of the newspapers, the financial newspapers in New York at the time, trying to identify what's going on, and we found another three million dollar transaction. It was a
thirty day short term loan. There was no lender identified, there was no borrower identified, but several newspapers reported it, and it was at a very low interest rate. It was at one and a half percent interest rate. Excuse me, you know it was a one and a half percent insist rate for thirty days. Of course that's an annualized rate. So there we have a three million dollar transaction. The
basic concept was, well, what's happening in the market. You know, we have this rumor of three million dollars on Republic while there's this cargo on the Oceanic that probably fits White star liner, but no that arrived. Now we have this other short term loan thirty days, and what else has happening in the market. Well, Russia at the time was selling it's nineteen o nine four and a half
percent bonds in major markets around the world. They were selling them in Paris and London and Amsterdam, in Berlin, and of course naturally we anticipated that they would be selling them in New York as well. So I said, all right, let's let's investigate the Russian loan a little bit,
see how that worked. So we went into the Paris archives of Credit Lionaise and Society General they were two banks, and the French syndicate that floated the czar'st bond, and we found the actual syndicate document how Russia was paid out of the two hundred and forty million dollars that they raised in nineteen o nine, and then we also identify what that money was for basically, and we get
into the history. Now. In nineteen oh four, Japan attacked Port Arthur, the Russian naval base at Port Author, because Japan wanted to extend its influence into Korea and into China, and of course it was a conflict between Russia because Russia wanted to have a warm water naval base and Port Author provided that. So I think it was February eighth, nineteen oh four. I think, if I remember correctly, that Japan launched a sneak attack on Port Author bottled in
the Russian Russian fleet. So Russia sent its Baltic fleet all the way around the world to the Straits of Shushima and the Russian battleship fleet was destroyed. Japan essentially won that war. But when you fight a war, countries need money. So in nineteen oh four, after Japan attacked Russia, Russia had to raise money to fight Japan, and they raised one hundred and fifty million dollars on the French mark. It was only a five year loan. No one expected
Russia to lose. They had an easy time raising money in Paris. Paris were the bazaar's bankers, and they raised one hundred and fifty million dollars five year loan. And of course, in nineteen o four to five year loan, when is it repayable in nineteen o nine, So nineteen o nine rolls around and they have this major obligation. The one hundred and fifty million dollars loan is coming due. And of course what they what they do, You might think of it as if we did it privately, it
would be a Ponzi scheme. What they do is they put out another loan to pay off the first loan. So the second loan was put out in nineteen o nine. It closed January twenty second, nineteen o nine, which is the very day of the Republic sale from New York. It was two hundred and forty million dollars. One hundred and fifty million dollars was to pay off the nineteen oh four loan coming due in May of nineteen o nine, and ninety million dollars was to be applied to Russia's
budget for nineteen o nine. So we sell the bonds in New York and some bonds in New York. So we acquired the syndicate document. We identified that Russia didn't get that ninety million dollars in new money right away when the loan closed January twenty second. They didn't get
ninety million dollars that day. That ninety million dollars after they segregated one hundred and fifty to pay off the nineteen o four loan coming to the ninety million dollars was paid to Russia over period of six months, so as she received twenty February twenty second, twenty percent, March twenty second, fifteen fifteen fifteen fifteen percent until they received
the entire ninety million dollars. So there we have. That was the key, That was the breakthrough, That was the epiphany, if you will, why Russia, Why someone needed thirty day money at a very low interest rate, Because Russia didn't get that money the ninety million dollars for thirty days and now we only got a first payment. They got
eighteen million dollars on February twenty second. So that's why the old saying is, if you have money coming to you in the future and you need money today, you borrow against the money coming to you in the future. So that's the thirty day loan. And why was it a one a half percent the going market rate? The thirty day money market rate was two and a quarter percent in New York at the time. Who gets money below the thirty day market rate? The market dictates the price, well, Russia.
Even though the loan closed January twenty second, nineteen o nine, the money became Russia's money, although it didn't receive it for thirty days and then a payout over six months, so Russia earns interest on that money. It's still it's received. So Russia was getting one and a quarter percent on its money until it was paid off. Until it received it, but it was only paying one and a half percent for the money was borrowing in New York, so essentially
one quarter one percent on an annualized basis. It was getting free money at New York and it was already into its nineteen or nine budget. So that's why it got the three million dollars short term loan, and that makes perfect sense. The Republic sale January twenty second, nineteen or nine. The loan closed in Europe three pm January twenty second, nineteen or nine. It's nine am New York time. New York time, is enough time to move the three
million dollars. Let's just focus on that we have in my book, and then we'll go into where the extra twenty two million comes from. The three million dollars is enough time to move it from the sub treasury in Lower Manhattan to the White Star Line Pier, which is just a few blocks away. So the three million dollars we identified it was a short term loan brought out
by the State Bank. We then acquired through the Society General and Credit Laonaise internal banking documents that there was an instruction by the Minister of Finance the Russian Minister of Finance to disperse from the directed to the French banks who held their money. It says, all right, on February twenty second, we need three payments one million dollars each to the state bank account on February twenty second. Well, that makes sense. We actually found two instructions. A third
one we haven't found yet. But no one single bank of the syndicate had three million dollars a disperse That's why they had an issue three instructions. We found two of them, once to Credit Lanais and on society in general, one million dollars each, and it's to the State Bank on February twenty second. All the other dispersements for the remaining six months went to the State treasury. This is
the only time those payments go to the state bank. Well, the State Bank was the commercial bank of the Russian government. It was a short term borrower. They are the borrower and they needed to get that money from the loan to repay the thirty day loan in New York. Now, the question is why could they get below market rate interest? All right, let's let's talk about the little financing and how banks operated at the time. Everyone was on the gold standard. And since they were on the gold standard,
you have foreign exchange banks. Now, how does a foreign exchange change bank make its money? A foreign exchange bank will have credits abroad that it could sell New York. Let's say it's a New York forign exchange bank will have credits abroad that it would sell to its New York customers at a profit so that their New York
customers can make remittances to French debt obligations. If they own a winery, for example, if they're importing French wine, they have to pay the French winery money for that wine. Will rather than ship physical gold, they would find a bank that has the credits abroad that they could purchase at a profit from the you know the bank, and sell it a profit to the person who has to make the fament obligation. And there's no wire transfers at the time. You either paid in gold or you paid
in credits abroad. And that's how the foreign exchange market worked. So where is the New York bank getting these credits for the money that is loaning to Russia for thirty day short term loan. It's getting those credits abroad so that's why it could loan that money below the market rate because it's getting those credits are broad and it can sell. The credits are brought out a profit once they become available. Once Russia pay is in thirty days,
So that's that also makes sense. That's why Russia could get below market rates because the Foreign Exchange Bank is making the profits in Paris. So that that's the three million dollars. Now we get into more history, we get into why why did twenty two million dollars? And this is this is new information that we just recently acquired. Okay, hold that, hold that thought. Then hold that thought because I'm sorry, Can you repeat all that. I'm sorry, I
had some trouble with my headphones. No, we're gonna take a break here, so we'll come back with the new stuff. Will allow you to take a breath there, and I'm looking forward to having you on my show in the future, well on Blue Rock in my podcast. And you guys, it's it's no longer Captain Martin bay Earley. It is uncle Captain Martin bay Earley. I love that. I think
that totally works with your personality. We've got definitely more to talk about and you guys are going to be surprised at those of you that don't know the story at all, when you even know how close it is, and you know what he's got to do to get this money. So let's see what happens. Listen to more Coast to Coast AM every weeknight at one am Eastern, and go to Coast to Coast am dot com for more