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Who are our rulers?


Karen Hudes is a graduate of Yale Law School and she worked in the legal department of the World Bank for more than 20 years. In fact, when she was fired for blowing the whistle on corruption inside the World Bank, she held the position of Senior Counsel.

She was in a unique position to see exactly how the global rulers control the world, and the information that she is now revealing to the public is absolutely stunning.

According to Hudes, the rulers are a very tight core of financial institutions and mega-corporations that dominate the planet.

Now, along with a network of fellow whistleblowers, Hudes is determined to expose and end the corruption. And she is confident of success.

Hudes cites an explosive 2011 study conducted by a team of researchers at the Swiss Federal Institute of Technology in Zurich, Switzerland.

The study examined the relationship between 37 million companies and investors worldwide, and revealed that there is a ‘super-entity’ of just 147 very tightly knit mega-corporations that controls 40% of the entire global economy. Hudes pointed out that this small group — mostly financial institutions and especially central banks — not only controls its own 40% but exerts a massive amount of influence over the international economy from behind the scenes. ‘What is really going on is that the world’s resources are being dominated by this group’, she explained, adding that the ‘corrupt power grabbers’ have managed to dominate the media as well. ‘They’re being allowed to do it.’

The top 20 included Barclays Bank, JPMorgan Chase & Co. and the Goldman Sachs Group.

These financial mega-corporations, according to Hudes, literally control the creation and the flow of money worldwide. They also dominate the unelected, unaccountable organisations that control the finances of virtually every nation on the face of the planet – the World Bank, the IMF and privately owned central banks such as the Federal Reserve (people don’t realise the Fed is a private bank).

At the apex of this system is the Bank for International Settlements, and it is the central bank of central banks. It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City. It is essentially an unelected, unaccountable central bank of the world that has complete immunity from taxation and from national laws. Even Wikipedia admits that ‘it is not accountable to any single national government.’ The Bank for International Settlements was used to launder money for the Nazis during World War II, but these days the main purpose of the BIS is to guide and direct the centrally planned global financial system. Today, 58 global central banks belong to the BIS, and it has far more power over how the US economy (or any other economy, for that matter) will perform over the course of the next year than any politician does.

Every two months, the central bankers of the world gather in Basel for another ‘Global Economy Meeting’. During those meetings, decisions are made which affect every man, woman and child on the planet, and yet none of us has any say in what goes on. The Bank for International Settlements is an organisation that was founded by the global rulers and it operates for the benefit of the global rulers: it is intended to be one of the key cornerstones of the emerging one world economic system.

This system did not come into being by accident. In fact, these global financial capitalists have been developing this system for a very long time.

The aim: nothing less than to create a world system of financial control in private hands, able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.

And that is exactly what we have today. These are our rulers.

We have a system of ‘neo-feudalism’ in which all of us and our national governments are enslaved to debt. This system is governed by the central banks and by the Bank for International Settlements, and it systematically transfers the wealth of the world out of our hands and into theirs.

But most people have no idea that any of this is happening because the global rulers own – and therefore control – what we see, hear and think about. Today, there are just six giant media corporations that control more than 90% of the news and entertainment watched on television in the United States.

This is the insidious system that Karen Hudes is seeking to expose.

I’ve quoted this information more or less directly from an article by Michael Snyder. I have edited it and this has made the text clearer. I did this by getting rid of the word ‘elite’ The article is headed “How the Global Elite Rules the World”. I thought, well if this ‘elite’ rules the world, why don’t we simply call the ‘elite’ the ‘rulers’? This makes it absolutely clear who we are dealing with. Throughout the article I have substituted ‘rulers’ for ‘elite’.

I object to the misuse of the word ‘elite’ and therefore I avoid its use. Its true meaning is the best; its Latin root is the same as the word ‘elect’ and in the past it referred to groups who, if they were respected or privileged, then this privilege was based on merit and public approval. Nowadays it is based on the opposite: any privilege is bad and, therefore, an elite is bad. I don’t agree: the elders of a tribe are deservedly an elite; you can have an intellectual elite – the bureaucrats of old China were an elite and had to pass a very difficult exam to show they were cultivated before they got the job.

We will repeat that last summing up of the financial system and examine what it means.

We have a system of ‘neo-feudalism’ in which all of us and our national governments are enslaved to debt. This system is governed by the central banks and by the Bank for International Settlements, and it systematically transfers the wealth of the world out of our hands and into theirs.

They do this by ‘printing’ money – now called ‘fiat money’.

It is obvious that this system run on debt is also run on destruction.

Hudes points out that the rulers dominate the world’s resources, meaning of course finite resources including food, due to soil depletion and the commercial malpractice of Big Agriculture and the likes of Monsanto.

The rulers are using up the world’s finite resources and killing life on Earth with degradation and pollution: Debt & Destruction!

Climate Revolution will topple our rulers by fighting for:

“What’s good for the planet is good for the economy. What’s bad for the planet is bad for the economy.”

For the system to continue the debt must continue to mount. However, the system is now running at peak operation and the signs are that it has indeed peaked. To illustrate this, I refer to a recent article in the FT, a warning from investors. They warn governments that they must support the fossil fuel industries – which are finite and therefore becoming more expensive (and not renewables, which are infinite and therefore ultimately cheap) – otherwise power stations will close and the opportunity for investment will collapse. It shows how Climate Revolution (stop fracking, etc.) threatens the ruling system of a finite economy (Debt & Destruction). This barefaced admittance! It comes from a system under stress.

Plainly the fossil fuel industry is under stress. Bill McKibben exposed this in his brilliant article ‘Do the Math’. Fossil fuel corporations present their assets based on what is in the ground, even if it’s too difficult to extract with present technology. This attracts investors who are greedy enough to believe the impossibility that they will recoup great returns on their investment. If we do use up only the fuels which are traditionally easy to get at, in Saudi Arabia, for example, we will have runaway climate change.

Everybody would be dead before the corporations could extract those hard-to-get assets. Yet already they can’t wait — they are all in competition to get fuel (and sell it cheap so as to outsell the others) from the Arctic (we must stop them or we’ve had it), from tar sands ( has managed to halt the pipeline) and from fracking (fracking has peaked in the US).

A system run on debt creates wealth for our rulers (America is $16.7 trn in debt).

Look at the bank bailout. ‘Fiat money’ is money created by decree; central banks no longer need to print money, they just enter it into their computer accounts: ‘Let there be $1 trn!’, then press a button. ‘Quantitative easing’ is another name for it. This is what central banks did for the banks that were in default. The fiat money, which is now a debt, then becomes a burden to the taxpayer – babies unborn are now up to their necks in debt to our governments, who promise to pay back the central banks from future taxes.

These future taxes will be creamed off from the work of real wealth creation – and under our present system real wealth creation depends largely upon the continuing depletion of finite resources (the banks that were bailed are supposed to play their part). So, finally, ‘real wealth’ is given to the central banks to pay them back for money they created out of thin air.

Look at the bankruptcy of farmers (facts understood from watching the film Food, Inc.). In the US, so long as the farmers have contracts with Big Ag, the banks will lend them money. To satisfy Big Ag, farmers must implement factory farming methods and feed their animals on maize, which is massively overproduced.

This system is madly inefficient, causing suffering, the death of animals and animal diseases which can be passed on to humans through the food chain. The cost of having to implement the machines and systems is out of all proportion to the farmers’ profits: the farmers constantly have to borrow money from the banks to implement the system – a typical profit would be $20.000 per year and yet the farmer owes close to $2m to the bank.

The farmers are desperate.

Work it out! By this process, the banks come to own the farms and the land (this counts as ‘real wealth’ and it can be put down as an asset).

All that money the farmers borrow – no doubt it ultimately comes from the central banks, fiat money – and the ‘real wealth’ ends up in their hands.

N.B. The importance of whistleblowers.

N.B. The creation of fiat money as a means of creating debt makes a farce of austerity.

N.B. Politics is connected: politicians support the rulers and are manipulated by them.

Why are the rulers doing this? Why do they have to own everything? There’s only one answer: because they’re crazy. They want power. Power over life and death. Gods sitting on Mount Olympus playing a giant game of Monopoly.

Very important! – It is the interest which is the real source of the bank’s great wealth (that’s why the farmer has to keep borrowing money – and it explains the sub-prime mortgage scandal). Whether the money has been paid back or not, the interest remains undestroyed and it accumulates.

To find out more about Vivienne Westwood’s Climate Revolution, visit

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