SGM Metals: World Bank Whistle Blower Drops Bomb about FED & Death of Global USD Monopoly

PALM BEACH GARDENS, Fla. - June 3, 2013 - PRLog -- Silverdoctors.com reports: [ Karen Hudes, former senior counsel to the World Bank, now turned whistle-blower. Karen spent 20 yrs with the World Bank as an attorney & economist, before being “let-go” after reporting internal fraud & corruption.

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.  

Excerpt from Tekoa Da Silva’s interview with Karen Hudes:

Starting out by discussing the shocking centralized power she witnessed while working at the World Bank, Karen explained that, “A study done by 3 [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, & what they’ve done, is through the interlocking directorates, they control 40% of the net worth of these [43k] companies, & 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 financing needs, by establishing their own development bank. “As the BRICs 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 bank was their way of letting [world] govts know…that its time to end this corruption.”

Karen added. “In the US the states are starting to have legislation recognizing gold & silver bullion as legal currency. This is [also] a very strong signal the states are sending to the federal govt, that the time to get serious about ending the corruption in the financial system is now here.”

Karen said, “We’re going to have all the countries of the world, sit down & figure out what’s going to be the best, most orderly transition from the current system that we have, [which has] profound imbalance & unsustainable deficits…[this change] is going to happen as each country makes its preference known, the biggest change 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, & this will be an underpinning for paper currency, [as] we’ll have both systems at the same time.”

“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 & 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.” ]

An amazing revelation regarding the corruption of the World Bank system & how it has been established as a means for select global financial institutions to maintain control over the assets & resources of the world ensuring their global dominance. If you were to take a step back & observe the “globalized economy” you would be able to see that throughout the past 100 yrs (since the invention of the federal reserve) large corporations have aligned themselves closely with govt.’s of the world which has served them quite well in their move for global dominance. These behemoth corporations get govt help to enforce constricting regulations which break the backs of the smaller players in their industries & eventually force them into bankruptcy! So the big boys continue to swallow up the little boys, shutting down their competition & absorbing their hard earned infrastructure, supply chain, distributors & retail outlets while bankrupting entrepreneurs who used to be the backbone of the American dream as they are responsible for upwards of 90% of job creation.

Now apply this model on a global level & funnel everything through one financial institution anointed as the singular source of global financing for nations & govts of the world & you have the World Bank, which is the international arm of the fed. It is this system that has an anointed hierarchy that swallows all competitors. The utilities companies that do this same shenanigan at the county & state level & swallow up there competitors which permits them to jack up your energy costs through monopolies. The private prison industry has swallowed up the nations prison industry & made sweetheart deals with bankrupted states that they would maintain a 90% prison population at all times to ensure their profit margin! We are watching the systemic consolidation of the US economy under those behemoth corporations who are aligned with govt. Why else would it be possible that the top 5% of the US population controls 80+% of all the stocks & bonds in the US? What do you expect to happen when you permit lobbyists to run our country?

But China is fighting back to steer the global monetary hegemony away from the dollar & the Fed’s international arm, the World Bank. It is the international disbursement of these inflationary dollars that has helped America remain relatively unaffected by inflation up to this point. When this reverses it will turn the tidal wave of inflation back at the US. Establish your financial insurance policy in gold & silver bullion now before those who got the heads up early exhaust the market supply of physical gold & silver bullion.

We now are in a world where the central bank can arbitrarily decide to pump $1 TRILLION per year ($85 billion X 12 months = $1TRILLION) into the banking system every year as corporate welfare & force us to pay ever higher taxes for generations to come in order to repay the welfare they have deemed mega banks worthy of, regardless of their guilt or responsibility for the crisis that put us on the current path. The wealthiest 5% get billions lent to them at next to zero% interest & are setting up backup revenue streams to support them when the stock bubble pops by gobbling up the rentier assets which all but guarantees we will be forced to work for scraps, pay higher taxes & forcibly reduce our living standards moving forward. This, sadly, is the true reason why the TV is telling you that the housing market is recovering across the nation. The global currency war is now reaching a desperate level that will soon see more & more economic backlashes. The depression in America will soon be seen for what it is when the sugar high of QE infinity begins to ‘taper off’ later this year.