"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 a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems 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. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
by:
Carroll Quigley
(1910-1977) Professor of History at Georgetown University, member of the Council on Foreign Relations (CFR), mentor to Bill Clinton
Source:
in his book Tragedy and Hope, 1966, pg 324
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Reader comments about this quote:
I am energized each time the Truth or a portion thereof is proclaimed. This little piece of Truth has been proclaimed and verified by a few others in decades past.Of course, it's one of the ingredients in the recipe for A New World Order. Golgatha.
 -- So What Do We Do About It?     
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     -- Joe, Rochester, MI      
     -- al, washington      
    What the quote doesn't mention is that Quigley states only a little while later in his book that he thought Financial Capitalism failed. Quigley is an interesting and provocative writer, but his book, IMO, does not treat the greedheads as the controllers of the economic patterns he describes. In his description, they are only 'along for the ride', taking advantage wherever they find it, instead of being the primary motivating factors for these events. He attributes the economic effects he describes more to human nature in general than to the greed of powerful individuals.
     -- The MAN With No Name., Tampa, FL     
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    This is the very essence of globalism -- supported by every US president since LBJ.
     -- E Archer, NYC     
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    Lol, this quote is true, and we're scr$#%d.
     -- Anonymous     
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    Great to hear the truth, as ugly as it is. Please read Anthony Suttons' books: they speak along similar lines.
     -- Derek     
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     -- Mike, Norwalk      
    A CFR member should know.
     -- jim k, austin     
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    I always understood the Rothschilds were telling J P Morgan what his duties were here in America many years ago. It is probably no different today.
     -- cal, lewisville     
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    There are many versions of just how the financial elite and the governments got together. One thing is for sure, they use each other for their own benefit and the only way they can continue to do so is with our cooperation. They need us to vote, pay taxes and comply to all they prescribe, whether its moral or not. I believe the whole thing is about to collapse under the weight of its own corruption. Be ready to protect yourselves.
     -- J Carlton, Calgary     
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    The financial elite are the government. Either directly with family members being elected; or most likely indirectly because of contributions directly into major universities and foundations therby shaping the minds of the future "elite" to act as their controllers would by proxy. Good example is the Rhodes Scholarship where formally middle class youth are trained to think and act like upper class British snobs who betray their cultural AND economic heritage!
     -- Al, DC     
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    No further comment seems necessary - so, tell me who your heroes are (alive hopefully). Was Carlin right? for a socialist and atheist he was close to the mark.
     -- RBESRQ     
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    I might add here that true capitalism is a laissez-faire matter. I would have given the quote a thumbs down for what its done to this country and the world but the 5 stars was for the accuracy of the perverted definition and application.
     -- Mike, Norwalk     
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    yea yea yea
     -- warren, olathe     
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    Mike, you don't need to explain your actions
     -- RBESRQ     
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    Ok, thanks Robert. It was kinda bugging me about the new politically correct definition(s) and such extended use. oh oops, I think that qualifies as explaining my actions again ;-)
     -- Mike, Norwalk     
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    The MAN With No Name is right: "The third period [of economic organization] we might call financial capitalism. It began about 1850, reached its peak about 1914, and ended about 1932." "Efforts by the older private investment bankers to control these new channels of funds had varying degrees of success, but, in general, financial capitalism was destroyed by two events: (1) the ability of industry to finance its own capital needs because of the increased profits arising from the decreased competition established by financial capitalism, and (2) the economic crisis engendered by the deflationary policies resulting from financial capitalism's obsession with the gold standard." "The end of financial capitalism may well be dated at the collapse of the gold standard in Britain in September 1931, but, on the personal side, it might be dated at the suicide of its most spectacular individual, the "Match King," Ivar Kreuger, in Paris in April 1932." (Quotes from Tragedy and Hope)
     -- Anonymous     
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    Carrol Quigley was a despotic ruinous usurper of Austrian Economics and the Free Market enterprise system.
     -- Mary - MI     
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    We the People have within our hands, and hold within our hearts and minds, our bill of rights, called, The Declaration of independence. The most religolistic document on the planet. IF you value not that above all others, then you have no part in the Republic for which it stands. Faith ? no man can take that away. God's testimony, and we are the keepers of his Very Sure Testimonies. Amen and Amen Semper Fi
     -- Ronw13, Yachats Or     
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