World Bank Insider Blows Whistle on Corruption, Federal Reserve

[ The New American - http://www.thenewamerican.com/economy/economics/item/15473-world-bank-insider-blows-whistle-on-corruption-federal-reserve ]

A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve. The network has seized control of the media to cover up its crimes, too, she explained. In an interview with The New American, Hudes said that when she tried to blow the whistle on multiple problems at the World Bank, she was fired for her efforts. Now, along with a network of fellow whistleblowers, Hudes is determined to expose and end the corruption. And she is confident of success. 

Citing an explosive 2011 Swiss study published in the PLOS ONE journal on the “network of global corporate control,” Hudes pointed out that a small group of entities — mostly financial institutions and especially central banks — exert a massive amount of influence over the international economy from behind the scenes. “What is really going on is that the world’s resources are being dominated by this group,” she explained, adding that the “corrupt power grabbers” have managed to dominate the media as well. “They’re being allowed to do it.”
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'Dollar valueless, about to crash' - World Bank whistleblower

http://www.youtube.com/watch?v=4hgA9j-4dB0

Published on Oct 8, 2013

The US government shutdown - a temporary ailment or a symptom of a grave disease? Are the Republicans right in their move to block Obamacare spending? Who gains from the shutdown turmoil? Do the politicians care about their citizens? Our guest comes from the very heart of the banking system: Karen Hudes was World Bank lawyer when she blew the whistle on major corruption cases in the system and was fired as a result.

For FULL TRANSCRIPT of the interview click here: http://on.rt.com/ue0xat

EU Carbon Trading Rocked By Mass Killings

Canada Free Press

The reported killing of 23 Honduran farmers in a dispute with the owners of UN-accredited palm oil plantations in Honduras is forcing the Clean Development Mechanism (CDM) executive board to reconsider its stakeholder consultation processes. In Brussels, the reported killings have triggered European policymakers into action, with Green MEP Bas Eickhout calling the alleged human rights abuses “a disgrace”.—EurActiv, 3 October 2011

Armed troops acting on behalf of a British carbon trading company backed by the World Bank burned houses to the ground and killed children to evict Ugandans from their homes in the name of seizing land to protect against “global warming.” The evictions were ordered by New Forests Company, an outfit that seizes land in Africa to grow trees then sells the “carbon credits” on to transnational corporations.—Paul Joseph Watson, Prison Planet, 23 September 2011...[Full Article]

EU, World Bank Brutalize Africans for “Carbon Credits”

The New American

The government of Uganda and the“carbon credits” firm New Forests Company — accredited by the United Nations and largely financed by the World Bank and the European Union — are under intense public pressure after evidence emerged that over 20,000 poor Ugandan farmers were brutally evicted from their lands in order for the U.K.-based company to plant trees. The atrocities, publicized in a September 22 report by the non-profit aid group Oxfam, have made headlines around the world.

Under the guise of saving the environment from global warming and climate change, armed enforcers reportedly burned locals’ houses to the ground — along with at least one child who was inside his home when it was set ablaze. The goon squads also reportedly terrorized and beat the residents, threatening to murder anyone who resisted...[Full Article]

Hillary Clinton 'wants to quit to run World Bank'
Hillary Clinton has been in discussions with the White House about stepping down from her job as Secretary of State to become head of the World Bank, according to reports.

UK Telegraph

Mrs Clinton, the former First Lady, Senator for New York and rival to President Barack Obama in the 2008 Democratic primary race, is said to be eager to become the first female president of the World Bank should the post become vacant next year.

"Hillary Clinton wants the job," a source close to Mrs Clinton told Reuters, which broke the news of the possible move.

Robert Zoellick, a former Bush administration official, is believed to be ready to step down as president at the end of his term in the middle of next year.

Mrs Clinton has made clear she does not want to remain US Secretary of State, a gruelling job demanding months of world travel each year, beyond Mr Obama's first term.

Another source told Reuters that Mr Obama supported her taking the helm at the World Bank, which is traditionally led by an American...[Full Article]

World Bank: Food prices have entered the 'danger zone'

Food prices have entered the “danger zone”, threatening to condemn a generation to extreme poverty and malnutrition, the World Bank has warned.

The Telegraph

Robert Zoellick, World Bank president, said food prices are at “a tipping point”, having risen 36pc in the last year to levels close to their 2008 peak. The rising cost of food has been much more dramatic in low-income countries, pushing 44m people into poverty since June last year.

Another 10pc rise in food prices would push 10m into extreme poverty, defined as an effective income of less than $1.25 a day. Already, the world’s poor number 1.2bn...[Full Article]

China could overtake US economy by 2030: World Bank

HONG KONG (AFP) – China could overtake the United States as the world's largest economy if it maintains annual growth of eight percent over the next 20 years, the World Bank's chief economist said Wednesday.

China, which last year overtook Japan as the number-two economy, has already set a growth target of eight percent for 2011, and is aiming for seven percent a year from 2011 to 2015...[Full Article]

Rising food prices nearing danger point: World Bank

Raw Story

PARIS (AFP) – World Bank president Robert Zoellick warned leaders of the top global economies Saturday that the world is reaching a danger point where soaring food prices threaten further political instability.

"I mentioned that we are reaching a danger point," Zoellick said, adding that he had urged G20 finance ministers and central bank chiefs meeting here to "put food first in 2011."

Zoellick said rising prices would eventually result in increased food supplies but in the intervening couple of years, "there could be an awful lot of turmoil and governments could fall and societies could go into turmoil."...

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China’s lending hits new heights

Financial Times

China has lent more money to other developing countries over the past two years than the World Bank, a stark indication of the scale of Beijing’s economic reach and its drive to secure natural resources.

China Development Bank and China Export-Import Bank signed loans of at least $110bn (£70bn) to other developing country governments and companies in 2009 and 2010, according to Financial Times research. The equivalent arms of the World Bank made loan commitments of $100.3bn from mid-2008 to mid-2010, itself a record amount of lending in response to the financial crisis...

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