round in the circles of vice and last but let's go maneuvering and corruption is money the source of the evil or just those who control it all banks they keep people's wealth or just steal it. and any government be called on this runs the economic and political scene. i guess today's was a lower karen hughes former siniora counsellor at the world bank carrot it's great to have you on the show today thanks for having me sophie i'm glad to be with you so the government shutdown is didn't move one of part of the republicans justified is fighting off obamacare worse all this mess i think there's something more going on behind the scenes a lot more actually what do you mean well there is a terrible currency problem or on the verge of a currency war the federal reserve is printing dollars like there's no tomorrow and

if they keep going the rest of the world is not going to accept them as it is the brics countries brazil russia india china and south africa have decided that they're going to finance the trade among these countries with offsets and pay for the difference in gold and i didn't connect the right there because the u.s. congress has been fighting with the presidency because the presidency has been in total contempt and the highest legal officer of the united states government has also been in contempt of congress in fighting this international corruption that is ruining the dollar as an international reserve currency but you know economists have been predicting the dollar will solve ever since the crisis in two thousand and eight but the government has managed to keep it afloat. well not for long if you look at what's going on in the gold and other precious metals markets silver as well we're headed towards something called permanent gold backwardation that means

that there's a loss in confidence in the fia currencies that are issued by those private banks they like to consider themselves as public bags but they're really owned by private entities and these currencies are about to crash because they are valueless that's what always happens to paper currencies that aren't backed by assets but like you've mentioned gold gold backwardation gold is awesome chanted as perfectly safe investment and alternative to the dollar even but how come the price of gold is falling because of market manipulation but that can only continue for so long because the central banks are running out of gold and the rest of the world are lining up to buy them if you want to buy gold today you have to pay a premium what they're offering in the future is called a naked short they don't have the gold to back those offers that's illegal what

they're doing i will get back to gold in a bit but for now i would like to focus on a bomb a care in your opinion is a bomb care really that crucial for the u.s. economy what you have is something that's very good for the medical insurers because most of the other countries that offer medical coverage do this through a single issuer and that's not what we have here what we have here is a bill that was drafted by the medical insurance companies it's not good for this economy it never was but why why you say it's not good. because what's happening is the workers that work full time are being put to liberate li on part time basis so that the companies can avoid giving them medical insurance coverage under the provisions of the law. you know this is a bomb of care saying i've heard it many times being compared to socialism

communism sometimes of and do you traister is some limbs that's just because the mainstream media when they report about what's going on are doing it by telling lies and anything that's good for the powers that be maybe the mainstream media is completely owned and controlled by the same companies private companies that own the federal reserve system most of the american citizens are clueless about the corruption that's rifling their economy but just to make sure are you saying that everything about obamacare is bad or are there good things about it no of course there are good things about it but the problem is that the people that wanted to get a decent coverage were not given the tools they were not given the equipment they were not given the press coverage the honest press coverage that. society needs to enact just legislation their congresspeople are all bribed by these corrupt forces

so as the american citizens have to zero confidence in their congress so at this point you side with the republicans for blocking a medicare i'm not siding with democrats or republicans because both of those parties have been co-opted by this terrible corrupt force that i'm talking about what we have right now is americans being forced to get health. care loveless liberties and freedom of choice. it's not so much a question of being forced you have to look at those parts of the society that have been thrown under the bus the un educated. children who are not given a superior education like we used to have we are a society that is giving short shrift to the people that need us i'm not saying that we ignore the health needs of our country i'm saying that we ignore the

mainstream media because they are not telling us the truth you know i've also heard a bomb of supporters argues that the american capitalism is on the verge of death in its present form the way it is existing now and the social injections meaning the medicare and obamacare are needed is the only way to a form eight or save it do you agree or disagree with that the problem is not with the american citizens they are a wonderful group their values are good it's just that they're not given the tools that they need to have a just society they're not given the basic information about what is really going on and who's benefiting from the. the economies that they're being told they're being told that they have no money they have taken an entire. city detroit and declared bankrupt when what's actually happening is their tax dollars are not even staying in their society their tax dollars are going by treaty to the united

kingdom and then they're being transferred to the vatican to the bank of the vatican this is not a society that's going to be sustainable on any basis for any reason but do you feel like american economy is picking up because we hear president obama saying the shutdown hurts american economy but at the very sensitive moment what he has just started to catch up but do you feel like it's catching up really. all those numbers about the employment are completely completely fabricated because they're not counting those people who have given up ever finding a job as unemployed that's ridiculous the real rate is is just about double what they reported as being so the american debt looks like a doomed patient is there any other possibility for it than just grow into eternity forever i mean raising the debt ceiling once or twice a year was the problem the problem is actually when you talk about debt that our

currency is financed by debt our currency is issued by the federal reserve instead of the treasury which is it's unconstitutional when the federal reserve system was instituted in one thousand nine hundred thirteen most of the congress was on break they sneaked that legislation through so the debt is there simply for those bankers to put an interest on it and have it grow and compound every year the debt is a fabrication it's probably should be repudiated like in a healthy lawn in a way that are until you've looked at all of the implications but do you think it's going to go on and on forever. been is that at the upcoming bretton woods meetings on october ninth the countries of the world the foreign ministers of the world are going to sit down and have a rational basis for currency rather than this currency which is absolutely. what can i say it makes no sense to anyone but the bankers that are issuing it so

when you look at the concept of the debt it's much more than just borrowing money right it makes you control for example and in case of the u.s. who controls it you mean the big corporations or countries like china and japan who control large chunks of the debt. well that's a very good question and fortunately some mathematicians at the swiss federal institute of technology have given us a very precise answer they did a study of who owns and controls the companies on the capital markets forty three thousand companies and they found out that there's a secret super entity they call it that owns sixty percent of the earnings every year and forty percent of the assets they did this by putting the same people on the boards of these companies so they have ten times the economic power that they're entitled to and they thought no one would catch them at it this

is a huge conglomerate that has been rigging the library prices it's been rigging all of the commodities prices it's been trading in the securities markets with insider information it has got to be stopped it also bought up all the media and has been lying to people deliberately this is going to stop so just to answer my question the government is controlled by the conglomerate or the corporations rather than countries that are up and coming to economically right so why haven't these corporations our current conglomerate as a call it been cut well and i think the whole point about it they'd like to think they're in control but they're not they're not above the law and we citizens know exactly what they're up to we've been working on this problem. all of the governors of the states have been working on this terrible corruption so have the attorneys general so have the sheriffs and it's not going to continue the american people are taking back their government and they are stopping this terrible corruption. you

know as of today united states is is a financial heart of the world and whether it collapses or keeps on going it's obviously wrong that this much power is concentrated in one place asia is a rise and could be that stealing his financial role from the u.s. do you think china for example could still its financial role for the united states or are they also controlled by the same financial elite you're mentioning. well i can tell you that the jesuits have a very strong stranglehold on china as well but i can also tell you that the transition of economic strength from the western countries to the east is going to happen but it's going to happen in a smooth a way it's not going to be a transition through a currency war like that terrible corrupt group is trying to manipulate everyone into know we're going to have

a peaceful power transition this time around we're not going to have world war three they tried to pull it off in syria they're now thinking they can pull it off in iran it's not happening the citizens of the world see what they're doing and we're not letting them get away with it this time right after the break does gold still shine and one corruption in sas from top to bottom what does it take to blow the whistle stay with us. soldiers you're in the military no more joking any more. never been so tough on life. every day with the story. do you think it's going to be

easy. but everyone's. going to make it to the end. you still filming so i'm just going to the left i don't know what to do. to let the dog is on a big journey to such a. one hundred income. three days. through two thousand one hundred towns and cities of russia. relayed by fourteen thousand people or sixty five thousand killings. in a record setting trip by land air sea and others face. on r t r g dot com.

and. welcome back to the show we're talking to karen hughes swirled bank whistleblower could have you back foreign governments keep buying give us treasury bonds to spied obvious problems years economy is facing what's making them do that in your opinion i think the biggest market for the federal reserve notes is the u.s. treasury and there is a god of dollars right now but yes there's also

a small market unfortunately the market is weakening as the dollar weakens because of all of this what they call quantitative easing where every month so many additional dollars are printed with absolutely no backing you never told when it first part should we be buying gold well yes and no i think gold is probably a wise purchase right now but more as insurance than investment because there's actually a great deal of gold there's even more gold than people know about for example the amount of gold that's in deposit in the bank of hawaii is a hundred and seventy thousand tons this is more than the world gold council says is available for all the gold on earth people don't know how much gold areas there's a lot of gold are you buying gold. i did actually yes but not because it's an

investment but because i'm not one hundred percent certain that we're going to get our act together before all of the paper fia currency. falls apart so i see it as as insurance but because of the amount of gold that's actually around in the world in deposit all over the world i'm not so sure it's a great investment so you think their return to the gold standard is a realistic thing it could be a possibility well actually that's not such a good that's not such a good thing. the currency ought to be backed by value but there's no reason why it should be restricted to precious metals it could be any of the commodities that are valuable but the important thing is that yes the currency should be backed by assets rather than by debt as we now have but it's

a financial collapse happens let's say rate will gold be of any use i mean if there is a shortage of food and look at the wall today the biggest problem we're facing is a clean drinking water what's gold going to do about that. well first of all i think that we're going to manage to get our act together i'm not expecting a collapse a very accurate game theory model is showing that we're going to manage to. make a transition in a very smooth way maybe they'll be a few fits and starts but i think most of the countries of the world are in favor of working together and not to have a collapse the only thing that you're seeing is some of these crooks haven't figured out they haven't seen the writing on the wall they haven't seen that we understand that there's a way to work together and void these problems which are definitely avoidable so karen you were a senior counselor at the world bank thomas something honest banking is this an

oxymoron no we have examples all over the place in the united states the state of north dakota has its own state bank and many of the other states are looking at that at the moment twenty two other states are looking at it and we're going the other twenty eight states to look at it there was a bank in amsterdam that i think went on for three hundred years with no problem we know how to do banking it should be like infrastructure to support the economy it shouldn't be for the benefit of it leads to think they're above the law as we currently have if you look at the bank for international settlements that institution was a stablished when the war reparations were being exacted from germany after world war one and that's when it was started in one nine hundred thirty and the i believe it's sixty central banks that are members of the b i yes those are the culprits

those are the ones that really need to go out of business now you first lose a whistle over corruption in the world bank tell us more about your revelations. well that's actually what happened i was working in the philippines and there was a bank this was at the end of the east asian financial crisis in the end of the nine hundred ninety s. and the second largest bank in the philippines philippine national bank there was a loan to strengthen the banking sector and what happened was a man who owned philippine airlines lucio tahn ended up buying more than ten percent of the shares of philippine national bag without informing the securities authorities in the philippines that was against the law and then i told the person who was in charge of the world bank lending program that they should tell the government of the philippines that the conditions of the loan were not going to be met and instead i was reassigned and i didn't accept that so i went to the meeting

where it was decided whether or not to disperse the loan and i said that the board was not being informed that the conditions weren't met and then what happened was the loan wasn't dispersed but the people who had their money on deposit in that bank withdrew their money and the philippine deposit insurance corporation had to withdraw had to back up the bank for five hundred million dollars and then we didn't disburse our loan for two hundred million and the japanese didn't disperse their loan for two hundred million so that was nine hundred million dollars worth of poor loan performance and when the evaluation department in the world bank said that the world bank had performed satisfactorily i corrected that report and my correction was never given to the board so that was a cover up and i just you know you can't have a cover up in a bank that's that shows that money is going the wrong way and i've been working

together with other whistleblowers at the world bank because we know that the board has to be informed about what's actually going on other whistleblowers have a. reported double accounting we've reported this to the u.k. parliament i reported it to the european parliament in two thousand and eleven and the european parliament wrote a letter to the world bank i had a very detailed chronology and the world bank never responded and then i've been reporting this to the u.s. congress and when the u.s. congress was asked to give a capital increase to the world bank they had asked for a government accountability office audit which never took place so i was reporting this to the international organization of supreme audit institutions and then i asked the board to require p.m.g. to do an audit of the world bank internal controls and k p m g did not follow the

auditing standards so i reported this to the public company accounting oversight board i reported this to the f.c.c. but since the f.c.c. couldn't be bothered to sort out the insider trading for the federal reserve system they certainly weren't going to straighten out the bonds in the world bank so i bought a world bank bond and i sued under the securities laws and i also went to each and every attorney general in the states and i told the states that they were responsible for making sure that there was accurate financial information going to the bond holders in their states and i also went to the international organization of securities commissioners so the world bank has got to be brought into compliance and there has to be transparency in the capital markets and the insider trading of the federal reserve system is going to be history in short order but do you feel say after all these leaks i mean you were fired. well you know i've been working

with some very wonderful whistleblowers in particular i'd like to mention mark novitsky who's been reporting about insider trading and inaccurate financial reporting for teletech which is a company that's been spying. on american citizens so when whistleblowers work together and compare notes and share information you get a very accurate picture in addition i'd like to mention larry garrison who has been my p.r. guy so when you have people who you're working with it's not so easy to shut the whistleblowers down we just gained in strength we're going from strength to strength do you guys feel like you're being heard is anything changing well that's what i'd like to ask your audience but do you feel like anything's changing in a system by whistleblowing on it. yes i absolutely do i think the number of people

that are hearing my message and that are looking into this information and every day they're sending me e-mails and they're going out and they are getting their neighbors to find out what's really going on i don't think this mainstream media is going to have too big of an audience at the rate we're going now there are liberty of movements that are actually picking up now the likes of bitcoin for example can they ever grow into a solid rival to the conventional system you think i think they're going to be a force to be reckoned with yes as a matter of fact and there are other similar kinds of payment systems that are now gaining currency yes i think i think we're going to have a world where there's a lot of choice and the legal tender is not going to be used to put people into debt and to imprison them are you using klein as of now. that's a good question i'm trying to learn how it's you know i'm yes there's a conference that's taking place and i'm going to try to get myself sorted out on

that karen thank you very much for your time and that's all for today our guest was a former insider at the world bank x. senior counselor karen hughes thanks for watching and we'll see you next time here sophie.

made it out of. the real funny thing. it's no good saying feeds off to your military service and you can expect some of the toughest training. from the press could send the phone up to. one on see. millions around the globe struggle with hunger each good. what if someone offers a lifetime food supply no charge they carry sub take in the very strong position against g.m.o. and we think that's. the genetic anymore the right products are priest tool tool there is no. evidence that there is any problem with genetic engineering when you make a deal. or is free cheese always in the most tract i don't get enough

distro for and then three. then primary market is profit not. for shoshanna dusty's golden rice monarchy. real damage and complexity of this oil spill was not something you can grasp just by looking at dirty birds we have between four to five million people in this directly affected area of the coast and it's pretty clear why it's not being reported because b.p. can't afford to have a reported all along the gulf coast are clean they are safe and they're open for business if b.p. is the single largest oil contributor to the pentagon the us war machine is heavily reliant upon b.p. and their oil this is a huge. step backwards for the marker see it's a step forward. carex it is toxic is a look

a lot like spraying in vietnam it was it was not a picture be there the government or b.p. really wanted to have out there i don't want dispersants to be the agent. of this. drama is to be ignored. stories others refuse to notice. the faces changing the world right now. the picture of today's not just from around the globe. i know c.n.n.

the m s n b c fox news have taken some slightly but the fact is i admire their commitment to cover all sides of the story just in case one of them happens to be accurate. that was funny but it's close and for the truth and might think. it's because one whole attention and the mainstream media works side by side the joke is actually on we're going to be coming up. at our teen years we have a different price. because the news of the world just is not this funny i'm not laughing dammit i'm not how. you guys have to the jokes will handle the serious stuff that i've got to.

dozens killed and hundreds are left injured as a national holiday in egypt turns into violent clashes between supporters and rivals of the country's ousted president. with the elimination of syria's chemical arsenal under way russia and the west praise the move as the country's diplomats hold talks on the margins of the asia pacific economic cooperation summit . and the russian leg of the olympic torch relay kicks off in moscow setting the flame on its journey across the world's biggest nation.