World Bank Insider Blows Whistle o

 http://thenewamerican.com/economy/economics/item/15473-world-bank-insider-blows-whistle-on-corruption-federal-reserve

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. …
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. …

The Fed… 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…. 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…. So the Federal Reserve secretly dominated the world
economy using secret, interlocking corporate directorates….

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.