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World Bank Whistleblower Karen Hudes www.kahudes.net Slide 2 Slide 3 Slide 4 Slide 5 Hold on, this is waiting to be approved by ValueWalk. I am still waiting to hear back from the Chair of the Senate Select Committee on intelligence whether it was the CIA that threatened me for doing my job as Acting General Counsel of the International Bank for Reconstruction and Development in certifying the authorized signatory under the Global Debt Facility: Slide 6 From: karenhudes To: catie_finley@mikulski.senate.gov Subject: Oversight of Intelligence Agencies Date: Thu, 17 Jul 2014 10:44:35 -0400 I am resending with the correct attachment and regret this inconvenience. Please acknowledge receipt, and that the link functioned correctly to provide correspondence with Captain O'Leary. I am a constituent of Senator Mikulski; Senator Mikulski has written to me several times as this saga has played out on the world's capital markets. Here is my latest correspondence on this matter with the United States Defense Attache in Tokyo https://s3.amazonaws.com/khudes/Treaty+of+Versailles+G old+Bullion+Certificates.pdf https://s3.amazonaws.com/khudes/Treaty+of+Versailles+G old+Bullion+Certificates.pdf This is to request Senator Mikulski to ascertain whether this misguided email from a Mr. Scott Lennon could have originated in the US intelligence agencies. Slide 7 From: karenhudes To: Captain James D. OLeary CC: Wolfgang Struck, Authorized Signatory of the Global Debt Facility, World Bank Executive Directors, Head of Economic Committee in Nordic Country Parliament, Secretary of the US Japan Joint Committee under the Status of Forces Agreement,JapanMinistryof Defense, International Organization of Supreme Audit Institutions, International Organization of Securities Commissions, Moodys, Standard and Poors, Fitch Ratings, Universal Credit Rating Group, Japan Ministryof Foreign Affairs, German Ambassador to the United States, Co- Chair of the Governors Council in the United States, Immediate Past President of the County Executives of America, National Association of Counties, US Embassy to Japan, Russia, India, US National Taxpayers Union, Governor of OkinawaSubject: Joint US-Japan Comittee under the Status of Forces Agreement Date: Wed, 16 Jul 2014 05:41:43 - 0400 Dear Captain O'Leary, The private banks comprising the network of global corporate control described by Stefania Vitali, James B. Glattfelder, and Stefano Battiston of ETH Zurich, http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdfare insolvent and are to be wound down under involuntary bankruptcy regimes of the respective jurisdictions in which they are located, all as set forth in the attached letter.Please let me know if you have any questions. Sincerely, Karen Hudes Acting General Counsel International Bank for Reconstruction and Development Legal Counsel for Wolfgang Struck Authorized Signatory under the Global Debt Facility Slide 8 From: WalkerJW@state.gov To: O'learyJD@state.gov CC: karenhudes@hotmail.com; WeltonDA2@state.gov; WebsterJM@state.gov Subject: Phone Conversation Date: Wed, 16 Jul 2014 06:55:06 +0000 Jim, I just spoke with Ms Karen Hudes, Acting General Counsel of the World Bank. She would like to establish contact with you concerning an initiative shes working with the US DOD in several countries throughout the world.She is currently in Japan participating in Joint Committee activities. Her phone number is 080-6843-7509. Thank you, Jon JON W. WALKER, Colonel USAF Air Attach, USDAO TOKYO DSN (315) 224 This email is UNCLASSIFIED. Slide 9 From: Karen Hudes To: Scott Lennon Sent: Wed, Jul 16, 2014 8:14 pm Subject: RE: Info. I am not going to touch any screens, no way no how. My suggestion is as it was a year ago, get to a DTC/Eurocleer, Interbank S-2 terminal and enter the Doctors name and code, once you authenticate you will understand. Once you do this you can issue an apology which I know the Doctor will accept, yet if you continue to try and sell this story line the courts will do what they have to do.The Doctor was handed your documents by the Chinese Monetary Authority who is preparing charges against you, this is not a threat, this is a friendly suggestion to help you get out of a mess because you can still be productive in a good way once you know the truth I wish you the best. Very Best Regards Scott Lennon Slide 10 Slide 11 Jacek Kugler Larry Garrison Slide 12 Slide 13 Slide 14 Slide 15 Power Transition Model The War Presidency: Options Taken and Lost Jacek Kugler Claremont Graduate University Ronald L. Tammen Portland State University Brian Efird Sentia Group, Inc PREPARED FOR THE INTERNATIONAL STUDIES ASSOCIATION MEETING, MONTREAL, CANADA, 18-21 MARCH 2004 Slide 16 Stakeholders Position on issue Salience Randolph M. Silverson, The Contributions of International Politics Research to Policy, Political Science and Politics, published March 2000, [T]he forecasts produced by [the model] were shown to be both more specific and more accurate than the results generated by the Directorate of Intelligence[A]nalystshave a tendency to look to the future as a projection of the past, while [the model], to the contrary, begins with the assumption that policies are the product of changing political forces that are estimable[I]t may be noted that it generates forecasts about policy outcomes using information on how stakeholders (i.e., those with both an interest in an issue and an ability to affect its outcome) are positioned on an issue, how important the issue is to them, and how much power each stakeholder has...How does the model fare? Quite well, in fact...[T]he model was used to analyze scores of policy issues in over 30 countries (275). [T]he models rate of accuracy was about 90%, and when the forecasts of the model and CIA analysts differed, the models forecast was correct in every case. Slide 17 Specifically, a gap between the United States and Germany, the leader of Europe now and into the foreseeable future, generates frictions and dissatisfaction within the Western alliance. This dissatisfaction in turn, raises the potential of a challenge between the US and an emerging giant in Asia. Contrast this structure with the alternative that was emerging after the war in Afghanistan. A German led EU was coordinating anti-terrorist efforts with the US. Russia, France and Japan seemed to be participating in an expanded NATO/EU/Atlantic Alliance. China was now neutral. Given this structure the potential challenge from a dissatisfied Asian power could be delayed until the end of this century. Slide 18 In this bargaining the outcome will fall between 50 and 70. Either one of these two outcomes could be secured if one has access to selected competing parties and can convince them to act decisively one way or the other. If direct intervention is not possible the outcome will be as follows: 1. The President will adopt the winning median position. He will respond to pressure to move from 5 of 70, then follow the majority and accept 50, and again move to 70 if the debate persists. He is taking a very political flexible attitude towards this issue. 2. Members of the Board of Governors and Board or Directors from Switzerland, and France who support 100 and compromise to 90 will drive this outcome. Likewise, the Dutch Board of Governors (who differs from his counterpart in the Board of Directors) will also press for and outcome at 70. 3. Members of the Board of Governors and Board of Directors from Japan, Germany, the UK and Canada who initially support 90 but compromise will be instrumental in stabilizing the outcome at 70 but can be persuaded to agree to 50 as well. 4. Note that mere is a country "position" in these Boards. The Netherlands is the important exception as the Member of Board of Governors and Directors differ on desired policy. In sum, there will be upward movement on this scale. The President will cave to political forces and the overall Bank will compromise either at 70 or 50 depending on who can be contacted to press for the desired outcome. Let me know if any of these parties can be persuaded to change positions, increase their involvement or persuaded to act strategically. Hope this is helpful. From: "Jacek Kugler" on 04/29/2004 05:45 PM MST To: Khudes@worldbank.org Subject: Results on My Issue Karen, Attached are preliminary results. Hope they are useful. Regards, Jacek Slide 19 The Power Transition Model has been predicting, with 90-95% certainty, that coalitions will do in the Banking Cartel ever since I stated in the UK Parliament House of Commons Public Administration Select Committees report on Complaints: Do They Make a Difference? on page 186 "Today's dire circumstances call for immediate and forceful intervention in the hope that time still remains." and Elaine Colville reported on page 178 "It devolves on Parliament to sort out this egregious state of affairs." Slide 20 From: "Pieter Stek Yahoo" To: Subject: visit+an issue Date: Wed, 23 Feb 2005 13:30:14+0000 Dear Ann, The issue: Karen Hudes of the Legal Department has a problem and I think it would be very useful for her to hear a passionate dispassionate view from an intelligent person who knows the Bank. The passion would be for the Bank, truth, and fairness; the dispassionateness would come from intelligence and a bit of distance. Karen has bitten into a case of failure of the Bank, harm to a country, cover-up, failure of evaluation, failure of controls, and threatening failure of the Board (Audit Committee) to take up the issue. The corollary is not hard to envisage: the Bank runs the risk of being caught with its pants down (in an area where it is lecturing the developing world on how to dress) and the whistleblower (who has not whistled in public) is at imminent risk of being dismissed, due to failure of the checks and balances in the Bank meant to protect individuals (the Integrity Directorate, the Ombudsman, the Tribunal, the President himself). I hope you will be willing to talk with her and give her the benefit of your thoughts. Slide 21 In my opinion, somebody in the Bank needs to be interested and brave (staff) or a bit brave (Board). By far the most elegant way forward would be for the Audit Committee to discuss the material case from the point of view of whether the accusations against the handling of the case are correct and, if so, whether there could be a systemic aspect to this kind of failure. One thing in my view is certain: if the truth is withheld from the Board and the Board does not even react when it has indications that this may be the case, the Board is negligent in exercising its responsibility and, therefore, also at risk. An underlying issue is whether a staff member has the duty to inform the Board if he or she hits upon a cover-up. Is one's duty towards the Bank or towards one's bosses? The parallels with other corporate, US Administration, and European Commission cases is obvious, not to speak of broader and more emotional analogies from recent history. Slide 22 Network of 147 Companies Controls Nearly 40% of Global Economic Value of Transnational Corporations October 21, 2011 Slide 23