![]() ![]() ![]() In the world as a whole the power of the central bankers rested very largely on their control of loans and of gold flows. Quigley was adamant that ‘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.’ The power of the central bank in each instance rested largely on its control of the credit and money supply. ![]() ![]() 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. … The powers of financial capitalism had a far-reaching plan, 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.’ įree from any single political interference, this system was controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in private meetings and conferences. Carrol Quigley’s Tragedy and Hope revealed the ambitions of those whose wealth bought real power: ![]()
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