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World Debt

Puppycow said:
Karen Hudes again? He's brought her up before in this thread. I responded to her allegations the first time in post #43 and #45. ;)
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You responded to her allegations? I feel better already knowing that you're on the case.
 
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Puppycow said:
I watched the video last night and was writing a post about it when the battery on my smartphone ran out and I lost it.

Anyway, the gist of her argument is that there is widespread corruption at the World Bank. There was one specific allegation of some money in the hundreds of millions of dollars that was intended to fight poverty in the Philippines going to someone it shouldn't have. Unfortunately, she also made nebulous and vague allegations about "the corporate media" being entirely owned by some mysterious international conglomerate that also controls like most of the money in world. And something about "it's all going to come crashing to a halt within a matter of weeks". I don't doubt that there may be some corruption at the World Bank and it should be looked into. I'm more skeptical of her claims that "the corporate media" are covering it up and are all controlled by some shadowy Illuminati-like cabal. Although there's probably a kernel of truth to that too: the rich help each other; many companies have interlocking boards of directors; and the directors and top executives happily vote huge salaries for themselves in a mutually back-scratching arrangement.

Watching it again now.
I'll try to list the specific allegations:

Announcer:
1) World bank is laundering money
2) World bank increases poverty by keeping the third world in perpetual debt and servitude to the first world

Karen Hudes:
3) securities fraud
4) financial information that was not disclosed to bondholders
5) she was fired from the World Bank for whistleblowing about the above 1 and 2 over the objections of members of congress including former senator Lugar
6) asked for specifics of the money laundering: "the money was going every which way because anyone who reported misconduct was fired."
7) borrowers were being overcharged
8) $900 million that was supposed to fight poverty in the Philippines instead went to a corrupt man, Lucio Tan(?) who was in default on his loans; the Philippine National Bank went into default; I was trying to expose the cover-up; the cover-up went all the way to congress and then to 188 ministers of finances; so this is corruption in the entire world; so until it's set straight, what we're going to have is a currency war
9) "the corporate press" ignored her story because it's all owned by a "mega-conglomerate". all financial institutions in the world are part of this scheme to rip off everybody, every single citizen on the planet.
10) Swiss mathematicians looked at the boards of directors of companies and found that one organization controls 40% of assets and 60% of earnings of all companies traded in the world (I think the idea here is that if a director sits on the board of directors of two or more companies, then all those companies are part of the same conglomerate)
11) this means that the central banks of the world are issuing paper money with no accountability to the people.
12) pretty soon, in a matter of weeks, the whole system is going to come to a screeching halt with something called "gold back gradation(?)"

Announcer:
13) clearly these institutions have no oversight and are laundering money off-shore
14) does this organization control the government too?

Hudes:
15) absolutely. what i have documented is "government capture"
16) Robert Zoellick was Mitt Romney's transition planning chief but CBS refused to report it, or ask questions about it, keeping American voters in the dark
17) Bank of America and Goldman Sachs and all other banks actually just one big bank
18) headed for a currency war again
19) 70% of Americans in a recent Gallup poll distrust the media because it's owned these banks (wait, who reported the results of this poll? the corporate media?)

Announcer:
20) why do you suppose that the government isn't going after you like they are with Snowden?
Hudes:
21) uhhhh, because we have the people behind us.
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Puppycow said:
Karen Hudes in the comments section for the video:
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These are your responses...?

What? You only seem to repeat what she already stated. I thought you were trying to help others understand her message, but instead it seems you did not get it yourself. For whatever reason, you obviously do not believe her. She is not the only one to have discovered what she has discovered. In your second response, you quote her for saying she is trying to stop World War 3 for a living, and then asks, what do you do?

If you had been paying attention, the US and its current president is trying its best to start World War 3, its latest attempt it Syria. A country that owes its dept to Russia, not the World Bank. One of very few countries in the Middle East.
 
kblood said:
These are your responses...?

What? You only seem to repeat what she already stated. I thought you were trying to help others understand her message, but instead it seems you did not get it yourself. For whatever reason, you obviously do not believe her. She is not the only one to have discovered what she has discovered. In your second response, you quote her for saying she is trying to stop World War 3 for a living, and then asks, what do you do?

If you had been paying attention, the US and its current president is trying its best to start World War 3, its latest attempt it Syria. A country that owes its dept to Russia, not the World Bank. One of very few countries in the Middle East.
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She seems to be a very confused woman. I thought that was self-evident. I thought that by simply paraphrasing what she said, it should be obvious.

Now, I'm not saying there's no corruption in the World Bank. It wouldn't surprise me to find that out. But her claims are a lot more grandiose and frankly smack of delusion and fuzzy thinking. She does not seem to understand what a currency war is, or be able to articulate how corruption at the world bank would lead to a currency war, or world war 3. Nor is your claim that Obama is trying to start world war 3 persuasive.
 
Puppycow said:
She seems to be a very confused woman. I thought that was self-evident. I thought that by simply paraphrasing what she said, it should be obvious.
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Fair enough. She still made a whole website dedicated to showing the full details of what she is talking about:

December 28, 2006

Senator RIchard G. Lugar
306 Hart Senate Office Building
Washington, D. C. 20510-1401
Dear Senator Lugar,

As a member of tne World Bank's Legal Department for twenty years, and a
member of tne DC Bar, I was obligated by the DC Rules of Professional Conduct to report a weak control culture in the Bank. On June 2,2004 I informed the Audit
Committee of Ih Board of Execuri e Director about sensitive governance issue
cone ming interference in th Board's acccs to information. The Operation Evaluari n
Dt:partm nt refused to reveal to the Board the raJ of the Bank's poor supervision of the
Philippine Banking sector Reform Loan in the corrupt take-over of the second largest
bank in the Philippine resulting in a $550 million banking failure, cancellation of$200
million from the Bank'. loan to th Philippine, and cancellation of $200 million in
cofinancing from Japan."

This is from one of her letters to congress. You can read the full letter here:
http://kahudes.net/wp-content/uploads/2012/05/lcongress.pdf

Now, I'm not saying there's no corruption in the World Bank. It wouldn't surprise me to find that out. But her claims are a lot more grandiose and frankly smack of delusion and fuzzy thinking. She does not seem to understand what a currency war is, or be able to articulate how corruption at the world bank would lead to a currency war, or world war 3. Nor is your claim that Obama is trying to start world war 3 persuasive.
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I actually agree that some of her conclusions seems far fetched. Her job is mainly to figure out whether something is legal or not, not to predict how the banking business will be in the future. Never the less, she has discovered something big is how I see it.

Obama might not himself think he is starting World War 3, but Syria has friends, and attacking Syria without UN's approval could provoke a bigger war than intended. I do not think he will do so though, but he has used drones to attack countries without having approval from Congress, because its not war if there is no US soldiers in the country... :rolleyes:
 
jhunter1163 said:
If Obama's trying to start World War III, why doesn't he just push the red button and nuke Damascus? That'd do it all right.
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That is one option. To play it safe he would need Russan approval. Maybe after the Syrians have breached the agreement to get rid of their chemical weapons the Russians might approve of this. And to get the Arabs on side the wind should be from the North East at the time.
 
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