International Jew Study Hour: Jewish Idea in American Monetary Affairs – Episode 62

The White Network
August 29, 2013

TIJ_Paul_Warburg“The International Jew” Study Hour presents:   Hadding Scott and Carolyn Yeager read and comment on Chapter 57, “Jewish Idea in American Monetary Affairs.”

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.


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