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World Bank Insider Blows Whistle On Corruption, Federal Reserve

Thursday, May 23, 2013 5:07
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(Before It's News)

Written by  Alex Newman

World Bank Insider Blows Whistle on Corruption, Federal Reserve

 

The New American

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.”

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  • they ought to ban whistles .. they’re going to be deafening ,, shortly..

  • … And in the very end, all truth is revealed. Thou, even then the sheep fail to look up to see that they are entering the slaughterhouse…

    In a corrupt world, truth is viewed with suspicion and a warm pot of water over a flame, feels good to relax in…

  • I’m working on a new site to help expose such conflict of interest: http://WhoDoTheyServe.com

  • wizard

    Names and addresses please.
    You know what to do. :lol:

  • Notice how Ms Huhes did not name names ! Because if she told the truth , ” Jewish Zionist ” the majority of people would completely be turned off to the article . People , mostly Christians in the U. S. , have been conditioned to label such truths as Anti-Semitic , Racist , and Nazi thought ! Only , when the American people refuse to be labeled as such and face the truth will we be able to take back the control of our government ! For those Christians that have gotten this far , read Rev: 2:9 and Rev:3:9 Now do your home work !

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