By: Jay Dyer
Dr. Carroll Quigley was Bill Clinton’s mentor at Georgetown. Quigley was the chronicler of the elite “Anglo-American Establishment,” as he titled it, having access to their provate records and archives. His large tome Tragedy & Hope occupies an important place in the history of ideas, functioning as a modern history for insiders. Though the book was published in 1966 with some controversy, it was republished in 1974, reportedly being given to CIA section chiefs as an explanation of why certain actions and operations were being carried out.
In other words, it might have occurred to some section chiefs in the 1970s, “Why are we funding both right wing and socialist movements?” The answer is in Quigley’s Tragedy & Hope: The goal has never been some set ideology, but a world government under the auspices of “Democratic capitalism.” While Quigley’s book is a great insight, it is important to recognize that the book is an establishment apologia, written from the perspective of a classical Western progressive. For Quigley, the track the West had taken the last several hundred years was both good and bad, but largely good, as he proposes the thesis that western-progressive-democratic-capitalist-scientism was a great, noble and ultimately quasi-Christian development that would usher in a world federation of the best hoped possibilities.
In this regard, Quigley was way off, if not openly deceptive, and terribly ignorant in terms of religion. This is evident to any knowledgable theologian, but for the more practically minded “officials” for whom the book was written, it probably served its purpose. Dr. Quigley naively seems to think that the Anglo-American establishment truly wants the best for humanity, but his book never mentions the cryptocracy. For him, the assumptions are the same as the rest of post-enlightenment western liberalism: men are basically good, and seek the betterment of mankind when properly educated. Of course, the 20th century alone should be enough to convince anyone with half a brain that humans are self-seeking and self-destructive. In his first few chapters he even sets the stage for modern history being developed on the basis of 19th century notions of the non-existence of evil.
“Classical western-progressive-democratic” thought is not only not true, it’s now the facade by which the Anglo-American cryptocracy brings peaceful, democratic love bombs to the rest of the world. In Quigley’s treatise, evil Russia was defeated in the great game, leading to the rise of the western “new world order,” destined to bring scientific utopia. Amazingly, Tragedy & Hope contains several sections that detail the funding of communism and socialism by the Anglo-establishment, not because the elites are actually communists, but because communism can have a functional purpose for obtaining certain ends. I have detailed several times in my essays and articles that the West funded and established communism-socialism, largely for the purpose of the centralization of wealth, and its transferal overseas.
I have also detailed for years how, since my college days made clear, the “left” and “right” are a faux divide that arises from the French Revolution. In the revolution, at the Estates General, the new provisional government was divided between the left Jacobins (who sat on the left), and the right Girondins (who sat on the right). What everyone seems to forget or be ignorant of, is that both of these movements are “liberal” or, more properly, revolutionary. The Girdondins favored a nobility and merchant class dominance in the new government, while the Jacobin revolutionaries thought an actual and total communistic scheme could be established. The Jacobins and their ilk are responsible for the bloodbath of the “Committee for Public Safety.”
For Quigley, the period following the era or revolutions is thus one of enlightened progressivism and so-called freedom. Within the first hundred pages, Quigley manages to denigrate Russia as a backward, rural nation, incapable of mounting any real opposition to the British Empire. The “Great Game” just is that historic contest between the British Empire and Russia for control of the globe. This is also why I recommend Malachi Martin’s book Keys of this Blood, since Martin is clearly far more intelligent than Quigley, who appears to have less than an 8th grade level understanding of western religion, something that someone who attempts to write a massive tome on the West should obviously have a better sense of. Martin’s book is far more revelatory and instructional. In both, the “Great Game” is outlined in no uncertain terms, yet Martin includes the Vatican, something Quigley gives little to no mention of. Again, how is someone going to write a modern history of the West and be ignorant of a belief system held by a billion people? It is a similar situation in Norman Cantor’s The Civilization of the Middle Ages: Historians make terrible theologians.
Aside from all that, it is also relevant that within the first fifty pages, Quigley lays out the entire international banking cartel system that the world presently lives under. Yes, the centralized federal reserve system in almost every nation was established, by design, as a control mechanism. With Quigley, there appears to be a slightly critical approbation of the system, yet oddly the very thing he appears to be critical of is the notion of currency being tied to a gold standard. Quigley has no problem outlining the ability of the central banks to set up fractional reserve fiat money issuance, because he appears to share what might be termed the “Keynesian” idea of government stimulus. Quigley writes as if inflation is a good thing, and deflation a bad thing.
This is yet another progressive idea based on supposed mathematical ideals and abstract notions about how things ought to work in any given system, in contrast to how humans actually work. Yes, it would be nice if things worked that way, just as it would be nice if Quigley’s new world order was run by perfect angels who had humanity’s betterment in mind. In reality, humans are selfish and governments (owned by the central banks) are corrupt. The Bank for International Settlements, the central bank of central banks, even issues reports and policy papers showing that quantitative easing and infinite stimuli don’t work, but just destroy the purchasing power of the dollar or currency in question. Ironically, Quigley wrote his work prior to the Nixon “Shock Doctrine” of 1971, removing the nation from a gold standard, which Quigley himself admits leads to hyperinflation and unhinged “money printing.”
In reference to the establishment of this modern banking system, Quigley explains:
“Today we call such pieces of paper gold certificates. Such certificates entitle its bearer to exchange it for its piece of gold on demand, but in view of the convenience of paper, only a small fraction of certificate holders ever make such demands. It early became clear that gold need be held on hand only to the amount needed to cover the fraction of certificates likely to be presented for payments; accordingly, the rest of the gold could be used for business purposes, or, what amounts to the same thing, a volume of certificates could be issued greater than the volume of gold reserved for payment of demands against them. Such an excess volume of paper claims against reserves we now call bank notes.
In effect, this creation of paper claims greater than the reserves available means that bankers were creating money out of nothing. The same thing could be done in another way, not by note-issuing banks, but by deposit banks. Deposit bankers discovered that orders and checks drawn against deposits by depositors and given to third persons were often not cashed by the latter but were deposited to their own accounts. Thus there were no actual movements of funds, and payments were made simply by bookkeeping transactions on the accounts. Accordingly, it was necessary for the banker to keep on hand in actual money (gold, certificates and notes) no more than the fraction of deposits likely to be drawn upon and cashed; the rest could be used for loans, and if the rest could be used for loans, and if these loans were made by creating a deposit for the borrower, who in turn would draw checks upon it rather than withdraw it in money, such “created deposits” or loans could also be covered adequately by retaining reserves to only a fraction of their value. Such deposits also were a creation of money out of nothing, although bankers usually refused to express their actions, either note issuing or deposit lending, in these terms.” (Tragedy & Hope, pg. 48)
So there you have it. The essence of the modern economic system is what’s called fractional reserve banking, which gives rise to fiat money printing. Fiat money printing is possible when a single entity has control of the issuance of currency, leading to a monopoly on the money power. A monopoly on the money power through the issuance of currency means being forced at the point of a gun to use the central banks’ currencies. All of this is done under the auspices of supposedly “regulating” the economy, yet the daily examples of massive financial scandals demonstrate how absurd this idea is. This system has evolved into an international kleptocracy that will inevitably self-destruct.