Dr. Quigley points out that, during the past 200 years while the peoples of the world gradually were winning their political freedom from monarchies, the major banking families of the world, were nullifying the trend toward representative government by setting up new dynasties of political control. But behind the scenes, in the form of International financial combines. These banking dynasties had learned that all governments, whether they be monarchies or democracies, must borrow money in times of emergency. And that by providing such funds from their own private resources, with strings attached of course. Gradually they could bring both kings and democratic leaders, under their control. Dr. Quigley believes that people should be more familiar with these clever banking dynasties. They include such names as Barring, Hambros, Lazard, Erlanger, Warburg, Schroder, Selingman, the Speyers, Mirabald, Mallet, Fould, and above all, Rothschild and Morgan.
It should be noted that while the Rothschilds and other Jewish families cooperated together in these ventures, this was by no means a Jewish monopoly as some have alleged. Men of finance of many nationalities and many religious and non-religious backgrounds, collaborated together to create this super structure of hidden power. Its essence was not race, nor religion, nor nationality. It was simply a passion for control over other human beings.
International bankers deal, not with the general public, but with the industrial giants of the world, with other financial institutions, and especially with governments. The key to their success, has been to control and manipulate the money system of a nation, while letting it appear to be controlled by the government. The net effect is to create money out of nothing, lend it to the government, and then collect interest on it. A rather profitable transaction to say the least. For example in 1694 international banker William Patterson obtained the Charter of the Bank of England , and the power over England’s money system fell into private hands.
In the United States it was inevitable that the international bank interests would attempt to establish the same kind of monopoly over the money system, that they had achieved in England, France, Germany, Italy, and Switzerland. The same formula would be used; Make it look like a government operation, but keep the control in private hands.
By law, the seven members of the Federal Reserve Board are appointed by the President for a term of 14 years each, in spite of the incredible length of these appointments. Nevertheless they’re supposed to create the illusion that the people, acting through their elected leaders, have some voice in the nation’s monetary policies. In practice however, every president since the beginning of the Federal Reserve system, has appointed only those men who were congenial to the financial interests of the international banking dynasties. There have been no exceptions. It is now known that the original Federal Reserve board, was hand picked by Colonel Edward Mandel House, who early in his career, had represented British and American banking interests.
In 1912 Colonel House authored this book entitled, Philip Dru: Administrator. The hero, a thinly disguised version of himself in real life, was a behind the scenes manipulator of prominent political figures. In the disguised form of a novel, the book lays bare the general strategy that has been followed ever since, even to the very present. It tells of how a small group of insiders cause a depression, and then bring about the election of a man named Rockland. Rockland gives fireside chats, and launches a program called the ‘New Era’ to strengthen government control all over the masses. Eventually the insiders who control the government, weaken the country deliberately to the point of civil war, which provides them with an excuse for establishing a dictatorship, under Phillip Dru.
Colonel House was the man who selected Woodrow Wilson as a presidential candidate, and later became his principle adviser. Wilson was totally dependent on House for all political decisions. He was his alter ego. The President himself had written ‘Mr. House is my second personality. He is my independent self. His thoughts and mine are one. If I were in his place I would do just as he suggested.‘