The White Network
August 29, 2013
The great Jewish banking houses of the U.S. in 1921 were foreign importations led by four men – Belmont, Schiff, Warburg and Kahn, – all “German” Jews. The focus of the chapter is on Paul Moritz Warburg (right) whose banker brothers Max and Felix remained in Hamburg. Among the highlights:
- Interesting story about doubt cast on the citizenship of Otto Herman Kahn;
- Warburg’s testimony before the Committee on Banking and Currency of the U.S. Senate in executive session is dramatized here;
- Warburg studied banking all over the world, including Asia, before settling down in Hamburg; then came to the U.S. to stay in 1902;
- In 1906, he became active in promoting the monetary “reforms” that he thought were necessary, and was a consultant for Sen. Nelson Aldrich of the Monetary Commission;
- The highly secret meeting at Jekyl Island off the coast of Georgia in 1910 between Aldrich, Warburg, Asst. Sec. of the Treasury Andrew and 4 other financiers is described.
Image: Paul M. Warburg, conceded to be the actual author of our central bank plan, the Federal Reserve System, by knowledgeable authorities. Member of the original Board of Governors, 1914-1918; president Federal Advisory Council, 1918-1928.
Note: We are using the Noontide Press publication of The International Jew — The World’s Foremost Problem which can be found online here as a pdf file.