By TLB contributor: Karen Hudes
The World Bank and IMF have now grown to 188 member countries, and they share the same Board of Governors; some countries have the same representative on the resident Boards of Executive Directors of the World Bank and IMF. The hidden purpose of the World Bank and IMF was to supervise the world’s gold, other precious metals, art and treasure, held in a trust for the world’s people. That trust is called the Global Debt Facility, and Hudes is working with all the countries of the world and with many whistleblowers to ensure that this gold is properly accounted for and comes out of its cloak of secrecy. The stated purpose of the World Bank was to finance the reconstruction of war-torn Europe. After the reconstruction following World War II, the World Bank began to finance development projects in its members. The stated purpose of the IMF was to supervise member’s currencies.
Power Transition Model
Predictions of either a crash-up in the equity markets or a massive haircut of bank depositors are incorrect. A power transition model developed in the Department of Defense outperforms intelligence analysts hands down and is now predicting rule of law in the international financial system. http://philosophyofmetrics.com/2014/02/18/sdrs-and-the-new-bretton-woods-part-six/comment-page-1/#comment-584
This is after Karen Hudes and other World Bank whistleblowers testified in the European Union and UK Parliaments about corruption in the Bretton Woods institutions and in the rest of the international financial system. The UK Parliament’s website published three of Hudes’ statements on corruption at the World Bank. The EU’s lawyers sent the World Bank Hudes’ chronology of corruption. http://kahudes.net/wp-content/uploads/2012/05/exhibit3.pdf
House of Commons International Development Committee, Written Evidence for the inquiry into The work of the Independent Commission for Aid Impact, published July 7, 2012 available here:
House of Commons Public Administration Committee, Written Evidence for the inquiry into Public engagement in policy making, published November 2, 2012 available here:
The European Parliament Committee on Budgetary Control Hearing on Whistleblowing May 25, 2011 available here:
According to the power transition model, the United States must continue to ally itself with the EU and try to include Russia into the coalition. Unilateral action by the United States, whether in Iraq, Syria, the Ukraine, or spying on its allies, undermines the Western Alliance and accelerates the Asian challenge. The Executive Directors of the World Bank were blackmailed in a prostitution scandal involving the same bordello Eliot Spitzer frequented. Hudes also reported the corruption to taxpayer groups, US credit rating agencies, the attorneys general, responsible for enforcing “blue sky” securities laws to protect holders of World Bank bonds in the states, and the New York missions to the United Nations. https://s3.amazonaws.com/khudes/general+assembly3.docx
Bank for International Settlements = Banking Cartel
The Bank for International Settlements was established by the central banks of Belgium, France, Germany, Italy, Japan, and the United States in 1930 to manage Germany’s reparation payments following World War I. Now consisting of the central banks of 60 countries, the BIS is at the center of a hidden banking cartel which dominates the world’s capital markets. This banking cartel has control over 40% of net worth of the 43,000 companies traded on the markets, and 60% of the annual earnings, according to a study by three mathematicians (Stefania Vitali, James B. Glattfelder, and Stefano Battiston: “The network of global corporate control“, ETH Zurich, published September 2011 http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf )
The Banking Cartel is responsible for state capture in a number of countries, including the United States. The Rolling Stone article written by Matt Taibbi entitled, “Everything is Rigged”, discusses the goings-on of this conglomerate. http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425
Most Americans are unaware that the US remained a British colony, subject along with the UK to Rome; our ignorance can be attributed to lawyers’ gobbledygook and the complicity of the media. The lawyers thought they could keep people from figuring out what is happening. Maury Maverick was the first lawyer who warned another lawyer, “Stay off the gobbledygook language. It only fouls people up.” https://en.wikipedia.org/wiki/Gobbledygook
The people in the United States got so mad at lawyers’ gobbledygook that they amended the United States Constitution to protect themselves from lawyers. The lawyers fought back by erasing the amendment. http://www.gemworld.com/usa–original13thamend.htm And then the lawyers decided to enact a hidden Constitution in 1871 when Revolutionary War debts fell due. https://s3.amazonaws.com/khudes/Two_Constitutions_in_US.pdf The UK and the City of London have been subservient to the Vatican ever since the Concession of May 15, 1213. http://anationbeguiled.com/?p=1277
Our founding fathers built in a safety valve in Article V, providing for Constitutional Convention to take the United States back from the Jesuits (who currently collect two thirds of our tax revenues via the Federal Reserve) and the British Crown (which collects the remaining third of our taxes.) http://blog.ucadia.com/2012/08/uofu-episode-92-america-sea-of-souls.html https://s3.amazonaws.com/khudes/Two_Constitutions_in_US.pdf For good measure the lawyers decided to louse up the courts so nobody would find out what they had done. http://www.scribd.com/doc/106226872/Retired-Judge-Spills-the-Beans
Here is a meeting of citizens in Charleston, who researched their state house records: https://s3.amazonaws.com/khudes/two+constitutions.pdf
Here is a letter, written some time between1913 to 1921 from Colonel Edward Mandel House to Woodrow
Wilson found in Wilson’s personal diary/logs
“Very soon, every American will be required to register their biological property (that’s you and your children) in a national system designed to keep track of the people and that will operate under the ancient system of pledging. By such methodology, we can compel people to submit to our agenda, which will affect our security as a charge back for our fiat paper currency. Every American will be forced to register or suffer being able to work and earn a living. They will be our chattels (property) and we will hold the security interest over them forever, by operation of the law merchant under the scheme of secured transactions. Americans, by unknowingly or unwittingly delivering the bills of lading (Birth Certificate) to us will be rendered bankrupt and insolvent, secured by their pledges. They will be stripped of their rights and given a commercial value designed to make us a profit and they will be none the wiser, for not one man in a million could ever figure our plans and, if by accident one or two should figure it out, we have in our arsenal plausible deniability. After all, this is the only logical way to fund government, by floating liens and debts to the registrants in the form of benefits and privileges. This will inevitably reap us huge profits beyond our wildest expectations and leave every American a contributor to this fraud, which we will call “Social Insurance.” Without realizing it, every American will unknowingly be our servant, however begrudgingly. The people will become helpless and without any hope for their redemption and we will employ the high office (presidency) of our dummy corporation (USA) to foment this plot against America.”
The press’ censorship of the governance crisis reveals the degree of state capture in the US.
Eric Holder is suing Standard & Poors for its role in the subprime-mortgage securities catastrophe. According to Floyd Abrams, S&P’s attorney, the “intensity” of the Department of Justice investigation “significantly increased” after August 2011, when S&P downgraded the U.S. government to an AA+ rating from AAA. Holder denied there was any connection between the lawsuit and the downgrade. The press refused to inform voters of the cover-up of corruption during the presidential election in the United States. Mitt Romney had appointed the former president of the World Bank, Robert Zoellich, as his National Security Transition Planning Chief. The media is owned by the international conglomerate.
Germany and Russia are helping to overcome the media black-out. Hudes was interviewed three times on RTTV,
https://www.youtube.com/watch?v=v1vXhqO1_2A and also interviewed for a German website with 1.5 million viewers per month: http://deutsche-wirtschafts-nachrichten.de/2013/09/17/whistleblowerin-geheime-machenschaften-der-finanz-eliten-zerstoeren-die-welt/ translation at https://s3.amazonaws.com/khudes/germanyarticle2.docx
Deutsche Wirtschafts Nachrichten asked Hudes why a military helicopter had buzzed the US consulate in Frankfurt on September 9, 2013. Hudes informed the Pentagon unit familiar with the power transition model of der Spiegel’s report on an anonymous German official, who claimed the flyover was “a shot across the bow of the Americans.”
On the Edge
When Dominique Strauss-Kahn did his job as Managing Director of the IMF by asking about the gold in the Global Debt Facility allocated to the citizens of the world, he was run out of town. The United States remains a scofflaw and a deadbeat, failing to meet its shareholder commitment on the World Bank’s capital increase. This is because Jacob J. Lew, Secretary of the Treasury, forgot to tell US Congressional Appropriations Committees http://www.treasury.gov/resource-center/international/development-banks/Documents/2013%2009%2005%20GCI%20Report%20-%20Posting.pdf whether the effects of retaliation against whistleblowers had been eliminated, which is a condition for release of the funds allocated to the capital increase under § 7082 of the Consolidated Appropriations Act, 2012 (Pub. L. 112-74)
Hudes is a World Bank bondholder, and sued the World Bank, its medical insurer who disclosed confidential medical information, the World Bank’s auditors, KPMG, and a lawfirm hired by the World Bank’s ethics department, who slandered Hudes instead of reporting on whistleblower retaliation. Hudes claimed that KPMG violated auditing standards of the Public Company Accounting Oversight Board when KPMG’s Assistant General Counsel refused to allow her to inform KPMG’s audit team that the World Bank had stonewalled a Government Accountability Office inquiry into corruption called for by Senators Lugar, Leahy and Bayh.
The World Bank’s Executive Directors and Board of Governors settled Hudes’ litigation, reinstating Hudes as Acting General Counsel of the International Bank for Reconstruction and Development in order to qualify for the US capital increase. Hudes is a World Bank bondholder and entitled to accurate financial information from the World Bank. https://s3.amazonaws.com/khudes/judicialconference.pdf
Allied Barton, which is owned by the international conglomerate, provides security personnel to the World Bank. Allied Barton refuses to admit Hudes to the World Bank headquarters building. The members of the World Bank issued Hudes a security badge for attendance at the Spring Meetings of the World Bank and IMF. Hudes attended the meetings on April 19, 2013, but the US Secret Service denied Hudes admittance for the final two days of the meetings. In an April 21, 2013 letter to Julia Pierson, Director of the US Secret Service, which Hudes cleared with the member countries of the World Bank, Hudes claimed that she informed then Senator Chuck Hagel in August 2008:
“Playing cat and mouse with these serious governance issues at the World Bank is also a security risk to the world order, as I informed Chuck Hagel when he autographed his book, “America Our Next Chapter,” for me. When you get a chance for serious bedtime reading, in addition to Senator Hagel’s book, take a look at “The War Presidency”. This is by the group which predicted four years ago that the Gentleman’s Agreement [for the US to appoint the president of the World Bank] would end if the US did not stop its hegemony at the World Bank.
US Dollar and Other Currencies
After World War II, the U.S. dollar became the main currency for international capital flows outside of Europe. By the early 1960s, the US dollar became weak from spending on Great Society programs and military spending on the Vietnam War. By 1971 the US dollar was no longer convertible into gold. Then in 1973 European currencies began to float against the U.S. dollar. The US convinced oil exporting countries require the use of dollars to buy oil.
The paper, or so-called fiat money system (including the dollar and other world currencies) is on the brink of collapse. The technical word for this is permanent gold backwardation: when all offers to sell gold for dollars are withdrawn regardless how high the bid price may go. On July 7, 2013, gold leasing ended when “GOFO” (the difference between the rate offered for future leases and the rate that applies to leases already in force) became negative. The gold basis (the difference between the nearby futures price and the spot price of gold) also became negative. This indicates a shortage of deliverable gold and gold hoarding.
Just like in 1971, negative GOFO indicates the risk of permanent backwardation. Without restored confidence in international currencies, a chain-reaction leading to a barter economy commences, bringing serial bankruptcies, unprecedented unemployment, and shortages of food, fuel, and medicine. This would result in famine, pestilence, and a break-down of law and order. When the value of US Treasury paper erodes, no amount of bond buying by the US Federal Reserve will be able to stop the collapse of the fiat dollar. The monetary reserves of the world’s currencies will be extinguished, representing the largest destruction of fiduciary values in all history.
Goldman Sachs announced two downgrades in the price of gold, first at the end of February, and then on April 10, 2013. Then the Federal Reserve assaulted the price of gold through uncovered gold certificate short sales on April 12 of 500 tons. Gold prices were rising against the dollar because of eroding confidence, as the Fed printed more dollars than people were willing to hold. Utah, Missouri and Idaho already have laws recognizing gold and silver bullion coins as legal tender, and a dozen more states have introduced similar bills.
The Wizard of Oz
Picture L. Frank Baum‘s “Wizard of Oz” with the World Bank whistleblowers as Toto, the dog who pulls the curtain back on a small elderly man in a projection booth who is operating a contraption to create the illusion of the scary Wizard of Oz. Mainstream media is the projection booth, the fiat banking system is the Wizard, and the yellow brick road is the highway to value-based currency.
The Wizard has been truly scary. US Presidents including Lincoln have been assassinated when trying to end fractional reserve fiat currency. John F. Kennedy was assassinated eleven days after negotiating the Green Hilton Agreement to transition from Federal Reserve notes to dollars issued by the US Treasury and backed the world’s hidden gold deposits. Word of these secret deposits is leaking out: on 16th February 2012 Lord James of Blackheath referred to 750 thousand metric tonnes of gold in hiding.
Precious metals traders had urged Hudes to warn of the imminent risk of permanent backwardation in the gold market, exacerbated by gold price manipulations by the Federal Reserve. Hudes also warned that the timeclock was running on the escalating confrontation between Russia and the US in Syria and the Ukraine.
The World Bank and IMF’s Development Committee represents the Board of Governors between the semi-annual meetings. After the Development Committee reinstated Hudes, they agreed to replace fractional reserve fiat currency with sound currency, backed by the world’s gold. https://s3.amazonaws.com/khudes/Karen-Hudes+(2).jpg But the Banking Cartel is preventing the decision of the Development Committee from being implemented. Eric Holder charged Hudes with criminal trespass after she reported to work on May 13, 2013. This is lowering the US credit rating, as well as the World Bank’s credit rating, and bringing the world to the precipice of a new dark ages.
Race for Rule of Law
Hudes is claiming that the cover-up of corruption will end before the US dollar crashes. Brazil, Russia, India, China and South Africa, which account for 25% of world trade, are moving away from US dollars in financing their inter-country trade. Instead, the BRICS nations are financing this trade by using offsets and gold. Hudes claims that Americans, who consistently prefer that the US act jointly with other nations in foreign affairs by a 75% majority, are waking up to a reality that depicts the United States as a nation far different from its portrait in mainstream media: a war criminal guilty of torture and crimes against humanity in successive wars of aggression in Iraq, Afghanistan, Syria, and now possibly the Ukraine.
WHAT CAN YOU DO?
What can you do to end the corruption that is affecting the US credit rating and about to cause a currency war?
Ask your state legislatures to recognize gold and silver as legal tender so long as the Federal Reserve is still issuing fiat fractional reserve currency instead of the Treasury issuing asset-backed currency
Ask your state legislatures to establish a state bank similar to that in North Dakota to make sure the US Congress convenes a Constitutional Convention,
Let your Congressional delegation know you expect them to comply with Article V of the Constitution after 42 of 50 state legislatures have called for a Constitutional Convention, https://s3.amazonaws.com/khudes/LettertoZacharySomers.pdf and work with others in your state to prepare for the Convention.
Also, let your county executive and Governor know that the people in your state want to be able to use gold and silver as legal tender so long as the Fed is still issuing fiat dollars.
TLB: Click HERE to listen to a recorded radio show with Karen Hudes and TLB:
Karen Hudes has devoted three decades to exposing corruption in the world’s financial system. She worked in the World Bank’s Legal Department for 21 years, and was appointed to a Board taskforce on reform of the World Bank. She reported a cover-up of corruption up the corporate ladder to the World Bank’s Audit Committee, to the US Treasury Department, to the US Congress, and then to 188 member countries of the Bretton Woods institutions. Occupy Wall Street says “Hudes’ story is easily the most interesting, compared to major financial scandals, surveillance, etc. The American public, indeed the whole world, would unify with an understanding of a rigged world for a few.” The World Bank and the International Monetary Fund are called the Bretton Woods institutions because that was the name of the ski resort in New Hampshire where 44 founding nations met in 1944 to establish these international organizations.