Carroll Quigley Quote on International Payments and Gold

„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.“

Caroll QuigleyCarroll Quigley explains the importance of gold and commodities in international payments between countries.
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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 historical commentary by Carroll Quigley explains basic principles of international payment methods in goods trade.


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Carroll Quigley quote about international payments, commodities, and gold

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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