Dr. Carroll Quigley, Georgetown University
“In addition to these pragmatic goals, the powers of financial capitalism had another far reaching 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 feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent and private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations. Each central bank, in the hands of men like Montague Norman of the the Bank of England, Benjamin Strong of the New York Federal Reserve Bank, Charles Rist of the bank of France, and Hjalmar Schact of the Reichsbank, sought to dominate its government by its ability to control Treasure loans, to manipulate foreign exchanges, to influence to the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world. In each country the power of the central bank rested largely on its control of credit and money supply. In the world as a whole the power of the central bankers rested very largely on their control of loans and of gold flows”.
“It must not be felt that these heads of the world’s chief central banks were themselves substantive powers in world finance. They were not. Rather, they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up and were perfectly capable of throwing them down —Read more
“The Details: In 1966 Carroll Quigley published “Tragedy and Hope: A History of the World In Our Time“, at which point the FIRST HALF OF THE BOOK WAS CENSORED. The SECOND HALF OF T&H was republished in 1968 under the title “The World Since 1939: A History”, (of which I have a rare copy, and is only 676 pages); which is a verbatim copy of pages from T&H, neglecting the context which brought it about. Due to this censorship, fellow historians attained a 1966 first edition of Tragedy and Hope and reprinted it without authorization; and many of these versions circulated throughout the world; the difference being that official 1966 copies of T&H have gold-colored page edges, and the bootleg versions have white page edges”. Read more