U.S. Currency Weak and About to Crash—Karen Hudes
By Greg Hunterv
February 12, 2014
Former World Bank Senior Counsel and whistleblower Karen Hudes has an amazing revelation about secret U.S. gold. Hudes says, “We’ve been offered, the United States, 170,500 metric tons of gold on deposit in the bank of Hawaii to underpin our currency which is about to crash. The Federal Reserve Notes are unconstitutional, and we don’t have to pay interest on our debt, and we don’t have to have debt for that matter.” What does Hudes say to her skeptics that doubt her story of 170,500 tons of gold in Hawaii? Hudes says, “I say you are totally kept in the dark and that the mainstream media is controlled by this network of control that is totally documented by the Federal Institute of Technology. You really ought to chide yourself that you are deliberately kept in the dark. So, you shouldn’t be surprised that the world’s wealth is hidden from you when so much else is hidden from you.”
At a December town meeting attended by Joint Chiefs of Staff General Martin Dempsey, Hudes asked, “What I asked General Dempsey was if your job is to see to the military strength to the United States and the currency of the United States is deliberately being kept weak and is about to crash for no good reason, what on earth do you think you are doing there?” What was his reply? According to Hudes, “He tried to get out of it. . . . I have been repeating this question in other forums, and General Dempsey is just terribly discredited isn’t he?”
What signs are there that the U.S. and other currencies are about to crash? Look no further than physical gold. Hudes says, “Look at the amount of gold that is disappearing from COMEX. Another way is whether the central banks who lease their gold are still leasing it—no they’re not. That would be impractical because the banks would not get their gold back at the end of a lease term. There’s the problem of Germany asking to repatriate their gold, and they were told it would take seven years, and the Federal Reserve is not even complying with that schedule. Gold is going into hiding.”
Hudes goes on to talk about something called a “Power Transition Model” which Hudes says it predicts, “The United States was going to lose its leadership role if we didn’t separate ourselves from this corruption. And, it turns out the United States isn’t the only one who has been captured in this system. The Bank for International Settlements, it’s got central banks in all these different countries. It’s a Ponzi scheme. . . . I have been working with people inside the Department of Defense who know about this “Power Transition Model” which says the United States is at a fork in the road; and, actually, it’s not just the United States, it’s all of humanity. Either we take back our gold, our legality, and we tell this group that thinks it’s above the law that it is not above the law, or we can kiss ourselves goodbye. Humanity will not continue, we will have World War III.
As far as the Federal Reserve, Hudes says, “The only ones buying the dollar, as far as I can see, is the U.S. Treasury. . . They’re intentionally trying to crash the dollar; they’re trying to weaken the United States.” The Fed, Hudes says, “Are traitors, they are traitors. They are not owned by the U.S. government. They are part of this network of control. . . . Why would we let them do this? We’re not going to let them get away with this.”
Hudes makes another point about gold, and she contends it has been manipulated down in price. She says, “It’s all paper being offered against delivery in the future. There are many more contracts for the future delivery of gold than there is actual gold in COMEX to make good on those offers. So, this is not going to continue. No, it’s not going to continue. What happens when the paper currencies are about to crash is you see gold backwardation, and it has been going on for more than a year. (Backwardation means the price of gold today is a higher price that gold delivered in the future.)
Can we pull the world out of this economic calamity? Hudes closes by saying, “It may be that we don’t, in which case, we end up in what happened just before we went into the dark ages–when gold went into hiding . . . . We can bring this gold that belongs to humanity out of its cloak of secrecy and out of hiding or we can go back into the dark ages. And we can have pestilence and starvation. . . . Civilization breaks down. We cannot pay for our international trade.
Join Greg Hunter as he goes One-on-One with former World Bank Attorney Karen Hudes.
After the Interview:
Karen Hudes disclosed the 170,500 tons of gold she was talking about is somewhere in the Philippine Islands. Hudes went on to say, “We are in the Wizard of Oz moment where Toto pulls back the curtain, and the Wizard says pay no attention to the man behind the curtain.” For an interview where Hudes talks more about “gold backwardation” with Professor Antal Fekete click here.