the World Bank is one of the world's largest financial institutions and it consists of five major organizations that said to represent 188 nations from around the world its dat purpose focuses on investing in the development of third world Nations and lending interest free loans to middle and lowincome countries according to the World Bank there are two goals that have been set to be achieved by the year 2030 these include decreasing the amount of people living on less than a125 a day to less than 3% and fostering the income growth of the bottom 40% of every
country are these goals sensible for the World Bank to accomplish and more importantly can they be successfully achieved in the midst of a significant shift in the Global Currency Market to help us break down the Global Financial giant known as the World Bank and how you can protect your finances during this seemingly unstable Global Market we're joined by Karen hudas who is a former senior councilwoman at the World Bank and is the latest in a long string of whistleblowers exposing corruption hudz has launched a personal campaign to reveal secrets of the powerful World Bank and
she's been making the rounds on some of the largest television stations and radio shows in the country including today on whdt world news welcome to the show Karen thanks for having me Gary now Karen before we get started how did you become the lead Council woman for the World Bank and how long were you employed there I was there for 21 years and I was actually interviewed for the job of general counsel and uh I told the people that were interviewing me about this coverup and they were obligated to end the cover up and they
did not now before we get into the cover up because that's why we want you're here today to blow the whistle on that uh but let's talk about the World Bank itself most Americans have no clue what the world bank's purposes or or its functions are can you briefly help our viewers and the American people under understand what the World Bank does yes it's right in the dead center of the International Financial system and together with its sister organization the international monetary fund it monitors all of the money of the world the currencies now the
US Federal Reserve has been in control of the United States currency the US dollar since 1913 and this this year is the 100th anniversary of its creation uh how does the Federal Reserve the World Bank work together well the Federal Reserve is the chairman of the Federal Reserve is on something called the national advisory Council on international monetary and financial policies that's supposed to be the oversight agency the treasury secretary chairs that group the chairman of the SEC is on it the chairman of the uh export import Bank all of the the Commerce Department all
of the economic agencies of the US government are supposed to be monitoring the World Bank because it has $180 billion worth of bonds on the capital markets uh they fell down on the job so the the US Regulators are not monitoring the World Bank they are part of what I call State capture there is a corrupt group that has actually been called out by the uh foremost University in Europe called the federal Institute of Technology located in Zurich Switzerland uh three mathematicians modeled who owned the capital markets and they found out that there was something
they call the super entity which is pulling down 60% of the annual earnings of the 43,000 transnational companies and the uh 10 banks that everybody thinks are separate like Goldman Sachs or uh Bank of America or City Bank they all have the same directors on their boards they're really for practical purposes one big conglomerate and that group has been uh thinking that it's a Above the Law and it's not so what you're saying is that there there's a there's a Supra national banking institution that has board members shared on multiple corporations so they're basically intermarried
banking institutions that's right that's how we got the Liber Scandal that's how we have manipulation of gold prices and a lot of other uh nefarious going on and anybody in the government that tries to stand up to them like JFK for example gets assassinated that's what happened to Lincoln the predecessor uh group and when our founding fathers set up their uh Constitution they knew about this group because there's actually a group behind that group that's called the Jesuits and you should read your history books to see what our founding fathers thought about the Jesuits well
before we get too deep in into all the tentacles of This Global cabal um tell us what exactly you witnessed what corruption you witnessed while working at the World Bank in your in your 20 years there okay I didn't know anything actually about what I'm telling now um I was fired illegally in 200 2007 because I was just doing the job of a lawyer who's working for a company that has bonds outstanding on the capital markets which is the financial statements have to be accurate and they were not any body who reported um poor accounting
practices got fired without any recourse because the World Bank is an international organization and you cannot Sue it in court unless you're a bond holder so no no what what what motivated you to step forward with this information well I knew that that was my job but even before I joined the World Bank uh the man who had been the longest serving general counsel Aaron brochas had warned me because he was there when Robert McNamara became the president of the World Bank in 1968 and he said if the president of the World Bank came from
the Pentagon there there was no way that you were going to get the law enforced and the lawyers inside the World Bank are the ones that have to enforce the law so I knew we were headed into um lawlessness and the other thing that I knew was there was a very accurate um model of the politics behind the World Bank and I knew that if we didn't play by the rules we were going to lose our leadership there's something called The Gentleman's Agreement which lasted for 66 years from 1944 until 20110 that the US could
simply name the president of the World Bank and so I warned the Secretary of the Treasury Larry Summers who lived just down the street for me um because our kids were going to the same Elementary School I warned him about this I warned Chuck Hegel who was then the senator of Nebraska that we were going to lose our leadership because we were being crooked and that's exactly what happened in 2010 and this model once I got fired warned me that if I didn't keep going and get things back on track we were going to have
a currency war with 90 to 95% likelihood so I kept going I teamed up with the World Bank whistleblowers I teamed up with are allies including Germany when I went to Senator Luger I told him that the representative of the German government said that the board was treated like a mushroom kept in the dark and covered with fertilizer so when Germany asked for its 300 uh th000 tons of gold back in uh January and the Federal Reserve told Germany to take a hike for seven years that's an act of War so I went back to
the Department defense I said you know exactly where we're headed and we better head this off and I've been in touch with all of the governors on this there's something called the governor's Council and Peter verga is the assistant Secretary of Defense I've been working with those 10 Governors I live in Maryland and my Governor is Martin om Ali the co-chair of the governor's council is Terry banstead and I have been in touch with all 50 Governors and we've been working hard I've been in touch with the county Executives my County Executive Ike Le is
the uh president proem of the Council of County Executives well let me let me jump in here because you're obviously speaking to uh some pretty high-profile individuals how are they responding when when you go with them to the With These Warnings well you know the um 188 Ministers of Finance gathered in Washington uh just this past weekend and I went to Ike leggett's office um because I wanted to have clear instruction so that we wouldn't head into a currency War you know the bricks countries Brazil Russia India China and South Africa have declared that they
are not going to use dollars when they finance the trade among themselves that's 25% of World Trade this is a terrible blow and so I went to Ike leet so that we would be able to calm the markets and to calm our allies and I had just been on a broadcast that Russia Today TV put out a 30 minute interview talking about all of this corruption and it was very important that we have the proper response and so when I met with I Le's office they told me to go to the National Association of counties
which I did they also told me to go to the National Association of Governors I walked into the pension office because um there's a lot of news that people don't know about did you know that your States could not issue bonds or your municipalities could not issue bonds because there was no Headroom so I met with the pensions all of the treasurers that the office in the National Association of Governors and I told them that we had to have a concerted approach and then I went to the uh World Bank meeting and I wasn't allowed
in yeah I want to talk about that because demonstrators regularly show up uh at World Bank meetings and protests one protest in particular against policies of globalization in 1999 became known as the Battle of Seattle now in in the spring of 2013 you were arrested at a world Bank Meeting uh what what were the circumstances that led uh to the arrest and what was the outcome well I was arrested illegally it was because of the corruption that I'm telling you about because 188 Ministers of Finance reinstated me this is because when the Congress approved the
capital increase for the World Bank they put a condition in there they said we're not going to disperse the money until the effects of retaliation against World Bank whistleblowers have been eliminated and secretary gner lied to the Appropriations committees back in November and I went there and I told the Appropriations Committee and secretary gner exited stage left right after he had finished lying to Congress so this is a very serious matter this is contempt of congress um so when I went in the spring to the annual meetings I was going there with the backing of
the US Congress I was going going there with the backing of 188 Ministers of Finance to end the corruption and the reason that the United States citizens do not know this is because of the corruption these corrupt entities have bought up their media now and the Americans have been misinformed on very basic fundamental things about their government one of the fundamental things that they've been misinformed about is the fact that 49 of the 50 state legislatures have asked for a new Constitutional Convention they know about this corruption and they don't want the consent of the
go of the Govern to be denied any longer we're going to fix this problem we're going to fix it before the dollar goes down now Karen you're you're obviously out there you're you're you're connecting with these people you are uh blowing the whistle on corruption at the World Bank um most people end up in a coffin when they go up against uh the the global banking cartel have you experienced any threats uh on your life for or or any threats to uh your livelihood uh for speaking out in this manner well let me tell you
it has been um the adventure of a lifetime I was captain of the NYU fencing team and I learned that the first thing you want your enemy to do is to attack you because that's when they're on the wrong foot and you come in from the other side so I had testified in the UK Parliament together with um Elaine koville who's Scottish we have the law on our side we're talking about the rule of law so every time somebody tries to do something we catch them red-handed and we tangle them up and they trip and
they fall so I mean but have have they have they overtly threatened you in any manner or are how are they how are how how are they reacting to you blowing the whistle on this okay most of the whistleblowers are in a situation where they're trying to reveal information I am trying to end a cover up so I'm in a much stronger situation and these Crooks knew that if anything happened to me the coverup was going to end I hired a PR guy Larry Garrison and they knew that if anything happened to me this coverup
was over so I was in a stronger position and yeah they've tried lots of things I would go to parties and there'd be really really attractive people um that all of a sudden were interested in me um these were the kind of people that when I was in my 20s were interested in me I'm an old married lady um you know there have been all kinds of shenanigans I've had people call me up um that I know that uh say that I should do what's good for me and my family I then go back and
Google them and find out that they work for the um CIA I call them back up and I say you know I don't know that many people that work for the CIA could you tell these people if you run into them that I don't intimidate there have been all kinds of things like that but I don't intimidate now Ken in the legal world as you know there's a concept called attorney client privilege this generally binds the two in confidence to protect the client now as a former attorney for the World Bank do you believe the
information you're revealing about the World Bank violates this attorney client privilege absolutely not that's what I'm telling you about I am obligated to get the financial statements correct I am doing my job if you look at the rules of professional responsibility you have to report this up the corporate ladder which I did I went to the audit committee I met together with um the Dutch executive director with Jim wolfenson and we told him that there was corruption and that the financial statements were inaccurate And Then There are rules for when you go outside I exhausted
all the internal remedies and then I went to the treasury Department and when the treasury Department didn't do its job I was obligated to go to the SEC I did I met with the serious Fraud Office in the United Kingdom and they called up the SEC and the SEC Stonewall the serious fraud office so I'm just following the book for lawyers no I'm in in great shape as far as that goes it's the crooks that are in bad shape and they know it now Karen for for the average American uh who may not realize how
the World Bank actually affects them how their policies affect them could you share with our viewers how those policies actually affect them absolutely think about the US credit rating because I've been to the credit rating agencies about all of this I started going to the credit rating agencies when the serious fraud didn't get any answers from the SEC and there's three credit rating agencies there's sted and pores there's Fitch ratings and there's Moody guess what when those three didn't do their job and by the way why didn't they do the job standard and poor did
they downgraded the United States that's the first time we've been downgraded and then Eric Holder sued standard and pores and the lawyer for standard and poor said why is it that Eric Holder started suing us right when we downgraded the US and the reason why the US's credit rating is going down is because of the massive fraud and Corruption and the fact that the financial statements are inaccurate and I sued KPMG because KPMG gave the World Bank an unqualified audit by breaking the standards they wouldn't allow me to talk to the audit team that's a
violation of the auditing standards when you audit the internal controls that means that if the money is going the wrong way people are allowed to report the corruption and that wasn't happening so I went to the public Company accounting oversight board and what I have been documenting is something called State capture which is that the institutions that are supposed to be protect investors are not functioning what happened with Bernie maid off this was not a one-off thing I'm reporting that the Federal Reserve System is outmaneuvering every other investor that there's nothing but insider trading this
is a very very very serious thing and that's why the US credit rating is at risk and now there's a fourth credit rating agency that's about to really down down uh grade the US except that we are correct the problem now Karen I do want I want to jump in here you're talking about the credit rating uh there's a the the debate is about to occur with the uh raising of the debt ceiling they're talking about that now uh and the government US government has been shut down uh for some time now how does that
affect the the World Bank the way it affects the World Bank is just think of a cooperative and the biggest farmer is hogging the irrigation Machinery how long is that Cooperative going to last and that's what you see at the World Bank because Brazil Russia India China and South Africa are going to start their own Development Bank except except that they see that we in the United States have ended this terrible cover up of corruption and we are about to resolve the problem and that's going to bring us into a wonderful situation because one of
the things that's been going on with the cover up is that all of the assets of the world have been hidden we think that there's only 170,000 tons of gold guess what it's about three times that amount and that's all hidden in the bank vaults and that's all coming out and we are not going to take haircuts in recycling our debt well does the World Bank does the World Bank hold gold does the World Bank hold any gold what the World Bank does is it stands at the very center of the financial system and it
is supposed to certify that the auditing for the whole world is accurate and instead it's cooking the books for the whole world that doesn't work the World Bank is making a claim but does the World Bank actually hold gold or they are they just a an oversight regulatory committee that just isn't doing their job well the World Bank is issuing Bonds on the capital markets it's getting the money from that and it's trading so it's a real bank with real money it's not just a regulator you know it's um it's certainly active an active economic
entity but no this gold is not owned by the World Bank it is actually owned by the people of the world and what's happened is the international court of justice has started authorizing people to prepare projects where this gold is going to be um funding it but I asked for information about what's going on here and I didn't get any information I got an offer I could prepare my own project I said no I don't go that way I don't go that route Karen it's obvious the notoriety of the US dollar has progressively diminished over
the past four Decades of excessive money printing if and when the dollar is no longer the world's resered currency do you see another single currency taking its place or will this provide a competitive platform for multiple currencies we are going to have multiple currencies because no nobody wants a single world currency that's what the crooks want and that's just not on the agenda that's not any on anybody's agenda the real question is the transition from where we now are with this paper currency and that's you know that it's not going to continue what you have
now is something called gold backwardation the leasing of gold which is what central banks do that ended on July 7th because it was too expensive the risk of getting the gold back at the end of the lease term was too high the leases were too expensive and we had a similar situation come up in 1971 just before the US went off the gold standard so um what I would say to people right now is familiarize yourself with payment systems like Bitcoin because we don't know when we're going to get this corruption licked Karen before we
close the interview I've got another question coming up but before we get to that how can our viewers research your work and track your uh track the information that you're disseminating just Google my name hudas hes or you can go to my website www kes. NE and you'll find a lot of documentation there and that BRS that brings me to my final question Karen because amidst all of this financial turmoil um with the government shutdown with the debt sealing uh debates with corruption at the World Bank uh the Federal Reserve printing all this money bailouts
occurring to the to the tune of trillions of dollars uh inflation these are all things that are actually happening and we have to face these facts but what do you see as the solution to This Global Currency war and how can individuals who are watching this program secure their families and secure their financial assets at this time well I have good news because this very accurate stakeholder analysis is predicting that we are going to have rule of law that we are going to have a solid um relationship with our allies they're all rooting for the
American people to take back their country from this corruption and that's exactly what we're going to do and the way you do it is you write your county Executives you write your Governor you tell them you've heard from me and I've promised you that we're going to have an end to this corruption and we will all right that was whistleblower from the World Bank former attorney there Karen hudas we'll be right back on whdt world news there's a lot more in store for the rest of the program stay tuned
