Flowers of the Web
Long before anyone used the word globalisation, banking links had developed around the world between similar interests and the central banking model had been spreading. In 1930, international banking went through a major escalation in the coordination of international operations, with the establishment of BIS, the Bank for International Settlements, the central banks’ central bank. Established in Basel, Switzerland, in what were then very anonymous offices above a shop; it was a place where momentous things could be done quietly, secretly, unaccountably, all kinds of movements of money and treasure could be facilitated.
It’s moved offices since then to a much more conspicuous building, and is now virtually an independent state within a state, like the Vatican, with its own police force and visa arrangements. But it’s still generally unnoticed outside of Basel. Much history has been brokered by its offices since 1930.
International banking from 1930 became ever more sophisticated, intertwined, concentrated, opaque. All sorts of fingers found their way into all sorts of pies, allegedly, and theories abound and fly around, and stories emerge now and then. The USA shunned the BIS for the next few decades, though the Federal Reserve never missed a meeting.
Professor Carroll Quigley is a highly esteemed American academic, and President-to-be Bill Clinton is among those he taught. Clinton said:
As a teenager, I heard John Kennedy's summons to citizenship. And then, as a student at Georgetown, I heard that call clarified by a professor named Carroll Quigley, who said to us that America was the greatest Nation in history because our people had always believed in two things – that tomorrow can be better than today and that every one of us has a personal moral responsibility to make it so.
That’s some horrendous politician-speak, but that was included just to establish who Quigley was before hearing what he says on matters, so mind-boggling is what he says. In 1966, Carroll Quigley published a history of the 20th century called Tragedy and Hope, in which he says:
The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert by secret agreements arrived at in frequent private meetings and conferences.
That’s chilling. If such a serious establishment figure as Quigley could say this, it’s small wonder there’s so much wonderment and imagination about the nature of the world. What Quigley is saying in the 1960s, Gerry McGeer was saying in the 1930s, about what happened in the 1860s, and what many at the time were saying. It lends some more credence to things that Louis McFadden was saying.
This link is to a 10 page summary of Tragedy and Hope - A History of Banking and Money by Carroll Quigley.
That quote, the daddy of Web conspiracy theory quotes, has been the ignition for so much theory, bankers’ plots for world government, etcetera, a lot of it centred on BIS. Maybe a storm of conspiracy theories is ideal for obscuring and discrediting any kernel of truth there may be in something; but now we’re starting to do it.
But all this is real history – what an interesting subject history is - but this isn’t the history that anyone is taught very much. We’re just skimming through history and picking out some bits and following leads, surfin’. The Web has made everything visible and available. We find the World Wide Web isn’t becoming a commonplace, it remains a wonder every new day.
Without W3 we'd have never read the colourful story Louisiana governor Huey Long. These were lively times, Long was shot dead in 1935. He never would have bodyguards and said that he fully expected to be killed by an assassin one day, and he was. Louis McFadden was killed in 1936.
One of Louis McFadden’s accusations in his astonishing speeches of 1932, was that the Federal Reserve had been transferring huge funds to Germany, and he talks about the international bankers who owned Germany lock, stock and barrel, how they financed the government and all the other political movements there and controlled them as if turning a tap on and off. By now, the clock was ticking to WWII. Anyway, WWII really is another story.
This is a fascinating account of Germany of the 30s, Why the German Republic Fell by Bruno Heilig.
Bruno Heilig was an Austrian journalist who lived through this period and spent time in concentration camps. When he came to England, he read Poverty and Progress and was astonished at what he read. He immediately understood and he saw a perfect description of Germany in the 30s. He said that, though it was written in 1879, it read like a history of the time he’d lived through (as a lot of people across the decades say.) He saw that the event of something like Nazism isn’t unique to Germany, but how it’s inherent in any society which gets itself in the situation that Germany was in, in terms of concentration of ownership.