As Georgetown professor and CFR historian Carroll Quigley
noted, the goal of the banking families and their minions consists
of “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… 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.”
Conspiracy morons like to quote above passage from Carroll
Quigley's book Tragedy and Hope, a book that I myself like to
quote.
But they never quote the whole stuff.
Modifications of productive and commercial organization and of
financial practices made it almost impossible after 1919 to restore
the financial system of 1914. Yet this is what was attempted.
Instead of seeking to set up a new financial organization adapted
to the modified economic organization, bankers and politicians
insisted that the old prewar system should be restored. These
efforts were concentrated in a determination to restore the gold
standard as it had existed in 1914.
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 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
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
Montagu Norman of the Bank of England, Benjamin Strong of the New
York Federal Reserve Bank, Charles Rist of the Bank of France, and
Hjalmar Schacht of the Reichsbank, 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.
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. In the final days of the system, these
central bankers were able to mobilize resources to assist each
other through the B. I. S., where payments between central banks
could be made by bookkeeping adjustments between the accounts which
the central banks of the world kept there.
The B. I. S. as a private institution was owned by the seven
chief central banks and was operated by the heads of these, who
together formed its governing board. Each of these kept a
substantial deposit at the B. I. S., and periodically settled
payments among themselves (and thus between the major countries of
the world) by bookkeeping in order to avoid shipments of gold.
They made agreements on all the major financial problems of the
world, as well as on many of the economic and political problems,
especially in reference to loans, payments, and the economic future
of the chief areas of the globe.
The B. I. S. is generally regarded as the apex of the structure
of financial capitalism whose remote origins go back to the
creation of the Bank of England in 1694 and the Bank of France in
1803.
As a matter of fact its
establishment in 1929 was rather an indication that the centralized
world financial system of 1914 was in decline. It was set up rather
to remedy the decline of London as the world's financial center bv
providing a mechanism bv which a world with three chief financial
centers in London, New York, and Paris could still operate as
one.
The B. I. S. was a vain
effort to cope with the problems arising from the growth of a
number of centers. It was intended to be the
world cartel of ever-growing national financial powers by
assembling the nominal heads of these national financial
centers...
http://symposium.gq.nu/cquigley/TH07.htm
Carroll Quigley writes that creation of B.I.S was due to the
fact that the powers of centralised finance was already in decline
in 1920s.
Already in decline.
Already in decline.
Did the conspiracy morons quote this?
Already in decline?
No.
They did not quote.
They quote head, but don't quote tail.
Their conspiracy rubbish is all based on this type of rubbish
quoting.
Only the most naive, the most gullible, the most igonrant of
people would go and buy into their drivel.
Of course what you obviously failed to notice is that the above
article is about increasing supranational authority over national
self-determination by the UN, WB and IMF.