{"id":36403,"date":"2013-05-26T22:39:44","date_gmt":"2013-05-26T21:39:44","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/breaking-news\/world-bank-insider-blows-whistle-on-corruption-federal-reserve-2\/36403\/"},"modified":"2013-05-26T22:39:44","modified_gmt":"2013-05-26T21:39:44","slug":"world-bank-insider-blows-whistle-on-corruption-federal-reserve-2","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/breaking-news\/world-bank-insider-blows-whistle-on-corruption-federal-reserve-2\/","title":{"rendered":"World Bank Insider Blows Whistle on Corruption, Federal Reserve"},"content":{"rendered":"

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.<\/em><\/p>\n

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.\u00a0\u00a0<\/em><\/p>\n

Citing an\u00a0explosive 2011 Swiss study<\/a>\u00a0published in the\u00a0PLOS ONE\u00a0journal on the \u201cnetwork of global corporate control,\u201d Hudes pointed out that a small group of entities \u2013 mostly financial institutions and especially central banks \u2013 exert a massive amount of influence over the international economy from behind the scenes. \u201cWhat is really going on is that the world\u2019s resources are being dominated by this group,\u201d she explained, adding that the \u201ccorrupt power grabbers\u201d have managed to dominate the media as well. \u201cThey\u2019re being allowed to do it.\u201d<\/p>\n

According to the peer-reviewed paper, which presented the first global investigation of ownership architecture in the international economy, transnational corporations form a \u201cgiant bow-tie structure.\u201d A large portion of control, meanwhile, \u201cflows to a small tightly-knit core of financial institutions.\u201d The researchers described the core as an \u201ceconomic \u2018super-entity\u2019\u201d that raises important issues for policymakers and researchers. Of course, the implications are enormous for citizens as well.<\/p>\n

Hudes, an attorney who spent some two decades working in the World Bank\u2019s legal department, has observed the machinations of the network up close. \u201cI 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\u2019s corrupt,\u201d she told\u00a0The New American\u00a0in a phone interview. \u201cThe pillars of the U.S. government \u2013 some of them \u2013 are dysfunctional because of state capture; this is a big story, this is a big cover up.\u201d<\/p>\n

At the heart of the network, Hudes said, are 147 financial institutions and central banks \u2013 especially the Federal Reserve, which was created by Congress but is\u00a0owned by essentially a cartel of private banks<\/a>. \u201cThis is a story about how the international financial system was secretly gamed, mostly by central banks \u2013 they\u2019re the ones we are talking about,\u201d she explained. \u201cThe central bankers have been gaming the system. I would say that this is a power grab.\u201d<\/p>\n

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\u00a0manipulating gold prices<\/a>, she added, echoing widespread concerns that\u00a0The New American\u00a0has\u00a0documented extensively<\/a>. 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.<\/p>\n

\u201cThe group that we\u2019re talking about from the Zurich study \u2013 that\u2019s the Federal Reserve; it has some other pieces to it, but that\u2019s the Federal Reserve,\u201d Hudes explained. \u201cSo 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.\u201d<\/p>\n

The shadowy but immensely powerful\u00a0Bank for International Settlements<\/a>\u00a0serves as \u201cthe club of these private central bankers,\u201d Hudes continued. \u201cNow, are people going to want\u00a0interest on their country\u2019s debts to continue to be paid to that group<\/a>\u00a0when they find out the secret tricks that that group has been doing? Don\u2019t forget how they\u2019ve enriched themselves extraordinarily and how they\u2019ve taken taxpayer money for the bailout.\u201d<\/p>\n

As far as intervening in the gold price, Hudes said it was an effort by the powerful network and its central banks to \u201chold onto its paper currency\u201d \u2013 a suspicion\u00a0shared by many analysts and even senior government officials<\/a>. 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\u00a0tried to find out if the precious metals were still there<\/a>, but they met with little success. Hudes, however, believes the scam will eventually come undone.<\/p>\n

\u201cThis is like crooks trying to figure out where they can go hide. It\u2019s a mafia,\u201d she said. \u201cThese 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.\u2026 Those thugs think that if they can keep the world ignorant, they can bleed it longer.\u201d<\/p>\n

Of course, the major corruption at the highest levels of government and business is not a new phenomenon. Georgetown University historian and Professor\u00a0Carroll Quigley<\/a>, who served as President Bill Clinton\u2019s mentor, for example, wrote about the scheme in his 1966 book\u00a0Tragedy And Hope: A History Of The World In Our Time<\/a>. 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 \u2013 remarkably similar to what Hudes describes.<\/p>\n

\u201cThe 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,\u201d wrote Prof. Quigley, who agreed with the goals but not the secrecy. \u201cThis 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\u2019s central banks which were themselves private corporations.\u201d<\/p>\n

But it is not going to happen, Hudes said \u2013 at least not if she has something do to with it. While the media are dominated by the \u201cpower grabber\u201d 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.<\/p>\n

Citing the wisdom of America\u2019s 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 \u2013 even if it may be disorderly \u2013 Hudes says precious metals will once again play a role in\u00a0imposing discipline on the monetary system<\/a>. The rule of law would also be restored, she said, and the public will demand a proper press to stay informed.<\/p>\n

\u201cWe\u2019re going to have a cleaned-up financial system, that\u2019s where it is going, but in the meantime, people who didn\u2019t know how the system was gamed are going to find out,\u201d she said. \u201cWe\u2019re going to have a different kind of international financial system\u2026. It\u2019ll be a new kind of world where people know what\u2019s going on \u2013 no more backroom deals; that\u2019s not going to keep happening. We\u2019re going to have a different kind of media if people don\u2019t want to be dominated and controlled, which I don\u2019t think they do.\u201d<\/p>\n

While Hudes sounded upbeat, she recognizes that the world is facing serious danger right now \u2013 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 \u2013 and put a stop to it once and for all. The consequences of inaction would be disastrous.<\/p>\n

Alex Newman, a foreign correspondent for\u00a0The New American, is currently based in Europe. He can be reached atanewman@thenewamerican.com<\/a>.<\/em><\/p>\n

This article originally appeared on: Global Research<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[487],"tags":[],"class_list":{"0":"post-36403","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-breaking-news"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/36403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=36403"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/36403\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=36403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=36403"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=36403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}