Karen Hudes, former senior counsel to the World Bank turned whistleblower recently delivered a stunning and revealing interview on Bull Market Thinking regarding the western corporate power structures now crumbling before our very eyes.
Her testimony confirms what this writer has maintained on numerous occasions & further corroborated by brilliant economic minds like Jim Sinclair, Marc Faber & Gerald Celente; namely that we are long overdue for a complete reset of our debt-slave monetary system. This phenomenon which will light the economic world on fire is discussed in more detail during my short article entitled “How Counterparty Risk Extends to All Asset Classes in End Times, Including “Money” Itself.”
The suggestion made by Karen Hudes is not a new one, but instead offers validation that we will, by default, return to the only de facto money in existence – our means of production and precious metals as a form of exchange.
In this scenario all paper currencies in existence must re-balance according to that which exists in real 3 dimensional space. This would mean a totally new valuation for everything relative to specific weights of precious metals. What we will discover as time progresses is that the pricing mechanism of our current “market” is not in fact determined by natural supply/demand forces but instead an artificial algorithmic intelligence set on auto pilot as a means to enslave humanity.
As this malevolent “invisible hand” becomes paralyzed by its own inability to accurately manage the collective value perceptions of humanity, the pricing system we have currently will be whisked away by the unstoppable power of true market forces & the human race will then be invited to revalue all assets in lieu of this planetary Schumpeter’s gale, effectively seizing back our collective human right to finance. The tacit admission of this basic economic fact from a former senior counsel to the World Bank is one of the best indications we have in 2013 that this will in fact happen, perhaps much sooner than later.
I had the opportunity yesterday to speak with one of the western world’s most courageous and astute women, Karen Hudes, Former Senior Counsel to the World Bank—now turned whistle-blower.
It was a powerful conversation, as Karen spent 20 years with the World Bank as an attorney and economist, before being “let-go” after reporting internal fraud and corruption.
During the interview Karen indicated that the world is rapidly changing, with western power structures breaking down, economic & political influence gravitating to BRICs nations, all amid a pending currency transition which will highly favor precious metals.
Starting out by discussing the shocking centralized power she witnessed while working at the World Bank, Karen explained that, “A study done by three [Swiss] systems analysts who used mathematical modeling [shows] how the [world's] 43,000 transnational corporations were being controlled through interlocking corporate directorates. There’s a group of 147 companies, most of them are financial institutions, and what they’ve done, is through the interlocking directorates, they control 40% of the net worth of these [43k] companies, and 60% of their earnings…so that group has been using the presidency of the World Bank as kind of a puppet to dominate the world—that’s [now] finished.”
A major shock to that centralized power base, according to Karen, was the recent move by BRICs nations leaders to bypass the World Bank for their financing needs, by establishing their own development bank. “As the BRICs [nations] economic power grows,” she explained, “they’re not going to be strangled anymore through the grabbing [of] their resources…So their decision to start their own development bank was their way of letting [world] governments know…that its time to end this corruption.”
Major moves toward monetary independence are also being made by growing numbers of U.S. states, Karen added. She explained that, “The states are starting to have legislation recognizing gold and silver bullion as legal currency. This is [also] a very strong signal the states are sending to the federal government, that the time to get serious about ending the corruption in the financial system is now here.”
When asked her thoughts on what this all means for the world monetary system, Karen said, “What’s going to happen, is we’re going to have all the countries of the world, sit down and figure out what’s going to be the best, most orderly transition from the current system that we have, [which has] profound imbalance and unsustainable deficits…[this change] is going to happen as each country makes its preference known, because the system we have now is not transparent, and the biggest change [in the new system], is that there’s going to be transparency.”
That transparency may be found through a gold-backed currency system, Karen noted, as, “All of the countries of the world are going to allow precious metals to serve as currency, and this will be an underpinning for paper currency, [as] we’ll have both systems at the same time. This is my guess, as I mentioned—I am an economist.”
As a final comment speaking towards her difficult journey as a World Bank whistle-blower, Karen said, “I’ve been struggling now for years, to tell the American public what’s [been] going on. I haven’t gotten through, because this [financial] group has bought up the press and has been spreading disinformation systematically. That undermines the whole point of a democracy. How can voters vote without an informed opinion, without the information that they’re entitled too? So this strangle-hold on information is going to end in very short order.”
This was a powerful interview conducted with a great American patriot and honorable world citizen. Karen is setting an example for the history books, and her interview is required listening for global thinkers and market students.