World Bank Insider Blows Whistle on Corruption, Federal Reserve.
A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says
the global financial system is dominated by a small group of corrupt,
power-hungry figures centered around the privately owned U.S. Federal
Reserve. The network has seized control of the media to cover up its
crimes, too, she explained. In an interview with The New American,
Hudes said that when she tried to blow the whistle on multiple problems
at the World Bank, she was fired for her efforts. Now, along with a
network of fellow whistleblowers, Hudes is determined to expose and end
the corruption. And she is confident of success.
Citing an explosive 2011 Swiss study published in the PLOS ONE
journal on the “network of global corporate control,” Hudes pointed out
that a small group of entities — mostly financial institutions and
especially central banks — exert a massive amount of influence over the
international economy from behind the scenes. “What is really going on
is that the world’s resources are being dominated by this group,” she
explained, adding that the “corrupt power grabbers” have managed to
dominate the media as well. “They’re being allowed to do it.”
According
to the peer-reviewed paper, which presented the first global
investigation of ownership architecture in the international economy,
transnational corporations form a “giant bow-tie structure.” A large
portion of control, meanwhile, “flows to a small tightly-knit core of
financial institutions.” The researchers described the core as an
“economic ‘super-entity’” that raises important issues for policymakers
and researchers. Of course, the implications are enormous for citizens
as well.
Hudes, an attorney who spent some two decades working
in the World Bank’s legal department, has observed the machinations of
the network up close. “I realized we were now dealing with something
known as state capture, which is where the institutions of government
are co-opted by the group that’s corrupt,” she told The New American
in a phone interview. “The pillars of the U.S. government — some of
them — are dysfunctional because of state capture; this is a big story,
this is a big cover up.”
At the heart of the network, Hudes said,
are 147 financial institutions and central banks — especially the
Federal Reserve, which was created by Congress but is owned by essentially a cartel of private banks.
“This is a story about how the international financial system was
secretly gamed, mostly by central banks — they’re the ones we are
talking about,” she explained. “The central bankers have been gaming the
system. I would say that this is a power grab.”
The Fed in
particular is at the very center of the network and the coverup, Hudes
continued, citing a policy and oversight body that includes top
government and Fed officials. Central bankers have also been manipulating gold prices, she added, echoing widespread concerns that The New American has documented extensively.
Indeed, even the inaccurate World Bank financial statements that Hudes
has been trying to expose are linked to the U.S. central bank, she
said.
“The group that we’re talking about from the Zurich study
— that’s the Federal Reserve; it has some other pieces to it, but
that’s the Federal Reserve,” Hudes explained. “So the Federal Reserve
secretly dominated the world economy using secret, interlocking
corporate directorates, and terrorizing anybody who managed to figure
out that they were having any kind of role, and putting people in very
important positions so that they could get a free pass.”
The shadowy but immensely powerful Bank for International Settlements serves as “the club of these private central bankers,” Hudes continued. “Now, are people going to want interest on their country’s debts to continue to be paid to that group
when they find out the secret tricks that that group has been doing?
Don’t forget how they’ve enriched themselves extraordinarily and how
they’ve taken taxpayer money for the bailout.”
As far as
intervening in the gold price, Hudes said it was an effort by the
powerful network and its central banks to “hold onto its paper currency”
— a suspicion shared by many analysts and even senior government officials.
The World Bank whistleblower also said that contrary to official
claims, she did not believe there was any gold being held in Fort Knox.
Even congressmen and foreign governments have tried to find out if the precious metals were still there, but they met with little success. Hudes, however, believes the scam will eventually come undone.
“This
is like crooks trying to figure out where they can go hide. It’s a
mafia,” she said. “These culprits that have grabbed all this economic
power have succeeded in infiltrating both sides of the issue, so you
will find people who are supposedly trying to fight corruption who are
just there to spread disinformation and as a placeholder to trip up
anybody who manages to get their act together.… Those thugs think that
if they can keep the world ignorant, they can bleed it longer.”
Of
course, the major corruption at the highest levels of government and
business is not a new phenomenon. Georgetown University historian and
Professor Carroll Quigley, who served as President Bill Clinton’s mentor, for example, wrote about the scheme in his 1966 book Tragedy And Hope: A History Of The World In Our Time.
The heavyweight academic, who was allowed to review documents belonging
to the top echelons of the global establishment, even explained how the
corrupt system would work — remarkably similar to what Hudes describes.
"The powers of financial capitalism had a far-reaching aim,
nothing less than to create a world system of financial control in
private hands able to dominate the political system of each country and
the economy of the world as a whole,” wrote Prof. Quigley, who agreed
with the goals but not the secrecy. “This system was to be controlled in
a feudalist fashion by the central banks of the world acting in concert
by secret agreements arrived at in frequent private meetings and
conferences. The apex of the system was to be the Bank for International
Settlements in Basel, Switzerland, a private bank owned and controlled
by the world's central banks which were themselves private
corporations."
But it is not going to happen, Hudes said — at
least not if she has something do to with it. While the media are
dominated by the “power grabber” network, Hudes has been working with
foreign governments, reporters, U.S. officials, state governments, and a
broad coalition of fellow whistleblowers to blow the entire scam wide
open. There has been quite a bit of interest, too, particularly among
foreign governments and state officials in the United States.
Citing
the wisdom of America’s Founding Fathers in creating a federal system
of government with multiple layers of checks and balances, Hudes said
she was confident that the network would eventually be exposed and
subjected to the rule of law, stopping the secret corruption. If and
when that happens — even if it may be disorderly — Hudes says precious
metals will once again play a role in imposing discipline on the monetary system. The rule of law would also be restored, she said, and the public will demand a proper press to stay informed.
“We’re
going to have a cleaned-up financial system, that’s where it is going,
but in the meantime, people who didn’t know how the system was gamed are
going to find out,” she said. “We’re going to have a different kind of
international financial system.... It’ll be a new kind of world where
people know what’s going on — no more backroom deals; that’s not going
to keep happening. We’re going to have a different kind of media if
people don’t want to be dominated and controlled, which I don’t think
they do.”
While Hudes sounded upbeat, she recognizes that the
world is facing serious danger right now — there are even plans in place
to impose martial law in the United States, she said. The next steps
will be critical for humanity. As such, Hudes argues, it is crucial that
the people of the world find out about the lawlessness, corruption, and
thievery that are going on at the highest levels — and put a stop to it
once and for all. The consequences of inaction would be
disastrous.
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