The New American – by Alex Newman
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.
Photo of World Bank headquarters in Washington, D.C.
Lois
Lerner of the IRS knows nothing, too. In fact, she knows so much
nothing that she's going to plead the Fifth Amendment in order to make
sure she doesn't actually say exactly how much she doesn't know.
The
dam has already burst, and now we just have to watch and see what
spills out of it. Countless "officials" in the IRS, the State Department
and the Department of Justice are, factually speaking, unindicted criminals
who must be prosecuted and convicted of their crimes of America is to
have any hope of being restored to a nation where law and due process
still apply.
