@KarenHudes Ending state capture of the World Bank and IMF by the Banking Cartel

13 Feb

@KarenHudes Ending state capture of the World Bank and IMF by the Banking Cartel: https://s3.amazonaws.com/khudes/Twitter2.12.17.1.pdf

The World Bank                  Tokyo Office                     Telephone: (03) 3597 6650
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT   10F, Fukoku Seimei Building            Fax: (03) 3597 6695
INTERNATIONAL DEVELOPMENT ASSOCIATION                      2-2-2, Uchisaiwai-Cho Cable: INTBAFRAD TOKYO                                            Chiyoda-ku, Tokyo 100, Japan

February 12, 2017

The Banking Cartel has captured the Secretariat of the World Bank and International Monetary Fund. While many staff are aware of this corruption, and some have attempted to resist, there are gatekeepers and corrupt individuals at all levels of the Secretariat. Allied Barton, the security guards, have kept the Bretton Woods organizations under lockdown. I hold a power of attorney as Mandate Trustee over Allied Barton, and have reported this power of attorney to the Securities and Exchange Commission. Due to state capture of the United States, and corruption of the legal profession, the actual legal situation has not been recognized.

I represented the Staff Association and the Board of Executive Directors on a special task force to end state capture of the World Bank after the East Asia Crisis at the end of the 1990’s. When the recommendations of this task force, called the “Drysdale Committee”, were simply dismantled, I knew that the Staff Association was on board. Still, the Staff Association has been co-opted by agents of the Banking Cartel. These traitors have “gamed” the elections of the officers of the Staff Association, and made sure that the Pension Committee betrays the interests of Staff. In the Legal Department, I worked on the World Bank’s Pension. That was when I experienced first-hand how the management of the pension was not responsive to Board supervision and was totally corrupt.

Some correspondence with members of the Staff Association concerning the Drysdale Committee and correspondence from the organization of retirees, named the “1818H Society”, is attached.

Karen Hudes
Acting General Counsel, International Bank for Reconstruction and Development
Overseer Mandate Trustee, Global Debt Facility, TVM-LSM-666

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