On this basis, which was originally financial and goes back to George Peabody, there grew up in the twentieth century a power structure between London and New York which penetrated deeply into university life, the press, and the practice of foreign policy. Carroll Quigley Read Quote
Thus, the use of fiat money is more justifiable in financing a depression than in financing a war. Carroll Quigley Read Quote
Bolshevism presented itself as an economic threat to themselves at the same time that Nazism presented itself as a political threat to their countries. Carroll Quigley Read Quote
When goods are exchanged between countries, they must be paid for by commodities or gold. They cannot be paid for by the notes, certificates, and checks of the purchaser’s country, since these are of value only in the country of issue. Carroll Quigley Read Quote
Islam, the third in historical sequence of the ethical monotheistic religions of the Near East, was very successful in establishing its monotheism, but had only very moderate success in spreading its version of Jewish and Christian ethics to the Arabs. Carroll Quigley Read Quote
The history of the last century shows, as we shall see later, that the advice given to governments by bankers, like the advice they gave to industrialists, was consistently good for bankers, but was often disastrous for governments, businessmen, and the people generally. Carroll Quigley Read Quote
In addition to their power over government based on government financing and personal influence, bankers could steer governments in ways they wished them to go by other pressures. Carroll Quigley Read Quote
Instead, there were a variety of controls of which some could be influenced by bankers, some could be influenced by the government, and some could hardly be influenced by either. Carroll Quigley Read Quote
This persistence as private firms continued because it ensured the maximum of anonymity and secrecy to persons of tremendous public power who dreaded public knowledge of their activities as an evil almost as great as inflation. Carroll Quigley Read Quote
It is this power structure which the Radical Right in the United States has been attacking for years in the belief that they are attacking the Communists. Carroll Quigley Read Quote
