Besides getting developing countries deeply in debt by destroying their economies and imposing high interests rates on loans, the world bank is also a money laundering enterprise.
Former World Bank Senior Counsel, Karen Hudes, is a key witness to understand what international banking institutions are all about. Back a few years ago, we learned how the international banking cartel planned and executed the destruction of third world economies. Now, Ms. Hudes explains that the crimes committed by the World Bank go beyond economically oppressing nations.
The World Bank is also a money laundering operation, and its leaders do almost anything to hide their tricks from the public. The world not only has helped keep developing nations in perpetual debt with developed ones, but it has also acted with Western governments to commit fraud against weaker nations. “I was a lawyer there,” says Hudes, “and I saw securities fraud. I saw financial information not being disclosed to $180 billion worth for bond holders”. Hudes said that part of her job at the World Bank was to make sure that the financial statements were correct, but that after reporting the fraud to the Auditing Committee, the US Treasury and the US Congress, she was immediately fired from her position.
“The money was going every which way, because anyone who reported misconduct was fired,” says Hudes. In one case, she says, the borrowers were overcharged. In another case, $900 million that were supposed to fight poverty in the Philippines ended in the hands of a man Hudes identified as Lucio Than, who was in default of his loans. Ms. Hudes explained to Russia Today’s Abby Martin that the case in the Philippines is just a small example of how the money laundering schemes work. “It wasn’t just me. There was a group of World Bank whistleblowers. As it happens often, Ms. Hudes was ignored by the main stream corporate press, as her colleagues have been in countries like India, Mexico and the United Kingdom, where allegations of money laundering by the World Bank are kept in the dark.
As Hudes explains, the behavior of the press is not surprising since it is well-known that these propaganda outlets are owned by “a mega conglomerate” composed by all of the most important financial institutions and corporations. “They are out to rip off everyone, every single citizen on this planet. It is not just my idea,” she says. Ms. Hudes cites the study conducted in Switzerland by a group of mathematicians who found a carefully drawn scheme of corporate control among 43,000 business which are tightly connected through high level directors and CEOs. The study titled The Network of Global Corporate Control, was the first complete analysis of complex economic networks that looked at economics as one would look at a swarm of birds, insects or brain connections to understand how a small group of people indeed control what happens in the world.
What researchers Stefania Vitali, James B. Glattfelder and Stefano Battiston did was use chunks of reality, transform them into mathematical formulas, effectively taking that reality from its natural state to a formal state. One curious finding about how a corporate global network controls it all, is that the data utilized to determine how much influence a few corporations exercise over the rest of us.
The global system, through the interaction of its components, shows patterns that allow us to predict the results of those interactions. This is how the people behind data mining enterprises such as Google or Facebook, for example, use supercomputers to map behaviors and ‘predict’ what the future will be like, what people may or may not do.
According to Glattfelder, as little as 36 percent of the transnational corporations are grouped in the core and they control as much as 95 percent of the total operating revenue.“This means that the central banks of the world are issuing paper money without any accountability whatsoever to the people who are using this money,” says Hudes. When Martin asked Hudes if she thought that the financial institutions controlled the governments, she said “Absolutely” and emphasized that it is of great relevance that the citizens of the world know about these criminal schemes and about who they are electing before going to voting booths.“If the public doesn’t know what really is going on, then we don’t have a democracy, and that is what I am talking about”.
When pressed about who are the real power players, Hudes insisted that in order to know that one needs to look at the ownership of all these corporations. “They are the ones we hear about all the time. Goldman Sachs, Bank of America… They are all one bank and they they think they are above the law, but they are not.”Hudes concluded by saying she believes international institutions such as the World Bank and others could be put to good use if they could be cleaned up. “I think they can provide a basis for a peaceful transition. We certainly do not need a currency war and that is what we are in track for.”
Luis R. Miranda is the Founder and Editor of The Real Agenda. His 16 years of experience in Journalism include television, radio, print and Internet news. Luis obtained his Journalism degree from Universidad Latina de Costa Rica, where he graduated in Mass Media Communication in 1998. He also holds a Bachelor’s Degree in Broadcasting from Montclair State University in New Jersey. Among his most distinguished interviews are: Costa Rican President Jose Maria Figueres and James Hansen from NASA Space Goddard Institute. Read more about Luis.