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Carroll Quigley’s Critique of Bankers and Government Influence

„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.“

Caroll QuigleyCarroll Quigley critiques the influence of bankers in the 20th century and their disastrous impact on governments and society.
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Caroll Quigley was an American historian and professor known for his studies on the history of societies and international relations.

This statement by Carroll Quigley critically reflects the influence and interests of bankers in the 20th century and their impact on politics and society.


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Quote image featuring Carroll Quigley's criticism of bankers' influence on governments and society

Caroll Quigley (1910–1977) was an American historian, professor, and author. He taught at Georgetown University and is especially known for his work on the history of civilizations and his book "Tragedy and Hope", in which he described secret networks behind world politics.

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"When bankers get into business they usually destroy it." Henry Ford
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"Banking was conceived in iniquity and born in sin... Bankers own the Earth. Take it away from them but leave them the power to create money, and, with the flick of a pen, they will create enough money to buy it back again... Take this great power away from them and all the great fortunes like mine will disappear and they ought to disappear, for then this would be a better and happier world to live in... But, if you want to continue to be a slave of the bankers and pay the cost of your own slavery, then let the bankers continue to create money and control credit." Sir Josiah Stamp
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"I am afraid that the ordinary citizen will not like to be told that the banks can and do create and destroy money. And they who control the credit of a nation direct the policy of governments, and hold in the hollow of their hands the destiny of the people." Reginald McKenna
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"[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics" Ludwig von Mises
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"With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people." Friedrich August von Hayek
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"A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom." Woodrow Wilson
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