Studying Islamic Finance

السلام والازدهار العدالة المجتمعي
You are visiting a blog associated with an online noncredit course studying the topic of Islamic Finance, moderated by John Wiley Spiers. Feel free to participate in our discussion, and if you are interested in taking the course visit http://www.johnspiers.com/Islamic_Finance/Welcome.html

Saturday, May 25, 2013

Shocked, Shocked; There Is A Conspiracy of Bankers!

Comes an earnest lawyer, an ex-World Bank employee, who knows where some bodies are buried, and she tells us:

Hudes, an attorney who spent some two decades working in the World Bank’s legal department, has observed the machinations of the network up close. “I realized we were now dealing with something known as state capture, which is where the institutions of government are co-opted by the group that’s corrupt,” she told The New American in a phone interview. “The pillars of the U.S. government – some of them – are dysfunctional because of state capture; this is a big story, this is a big cover up.”
At the heart of the network, Hudes said, are 147 financial institutions and central banks – especially the Federal Reserve, which was created by Congress but is owned by essentially a cartel of private banks. “This is a story about how the international financial system was secretly gamed, mostly by central banks – they’re the ones we are talking about,” she explained. “The central bankers have been gaming the system. I would say that this is a power grab.”

Honey, we already knew this.  Ms. Hudes, who was relieved of her sinecure and NOW objects to the World Bank, has this to offer now that she has let a cat of sorts out of a bag of sorts:

“We’re going to have a cleaned-up financial system, that’s where it is going, but in the meantime, people who didn’t know how the system was gamed are going to find out,” she said. “We’re going to have a different kind of international financial system.... It’ll be a new kind of world where people know what’s going on — no more backroom deals; that’s not going to keep happening. We’re going to have a different kind of media if people don’t want to be dominated and controlled, which I don’t think they do.” 

Ms. Hudes makes that beginners mistake of believing her own PR (public relations.)  She believes her earnest witness will change minds.  She really ought to have checked with the several million writers over the last few hundred years who have already warned of all of this.

And the most fundamental problem is, in fact, people do want to be dominated and controlled.  Most humans reject the freedom, that ether in which God resides and wherein we exercise free will, and prefer to be dominated.  She really needs to acquaint herself with the Bible, especially 1 Samuel 8, and 1 Samuel 12 which reiterates.

But perhaps she knows this when we are told -

The researchers described the core as an “economic ‘super-entity’” that raises important issues for policymakers and researchers. Of course, the implications are enormous for citizens as well. 

Ah.  For policymakers like Ms. Hudes.  She does not really want a system of freedom, she just wants a top position in the next regime.  There is no free market with policymakers.  So she cannot have what she putatively advocates.

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