Call (800) 700-7000 or request prayer. These yearning utopians make an unthinking assumption that their world government will be run by people of goodwill. If your question means, do I believe that we can make a treaty with the Russians, I will say precisely the opposite. The only question is whether world government will be achieved by conquest or consent." -- James Paul Warburg - In an address to the U.S. Senate, July 17th, 1950 Warburg was the son of Paul Moritz Warburg, architect and first chairman of the Federal Reserve System and Chairman of the Council on Foreign Relations, 1921-1932. One of these facts, which your colleague specifically proposed to create, would, in my judgment, be far more powerful than our recent decisions to develop and manufacture hydrogen bombs. Thats why we view every news story through the lens of faith. I don't think we have won the battle for the minds of men, I think we are in the process of losing it, sir. He put forward a constructive proposal for an affirmative approach to peace. [The Current Affairs Press, New York 17, N. February 17, 1950, by James Paul Warburg ("Angel" to and active in the United World Federalists), son of Paul Moritz Warburg, nephew of Felix Warburg and of Jacob Schiff both of Kuhn, Loeb & Co. which poured millions into the Russian Revolution through James' brother Max, banker to the German government.See the Sission Report Added to timeline: It is true that the proposals thus modified would still not be a practicable plan, because the Russians would hardly accept world government with regard to all weapons any more readily than they would accept the enforcement of law with regard to one type of weapon. (This would require Janet Yellen and the other Federal Open Market Committee members to conduct deliberations on interest rates in open political theater.) IMPLEMENTATION OF SENATE CONCURRENT RESOLUTION 56, EFFECT OF RESOLUTION ON PEOPLE OF THE WORLD, https://en.wikisource.org/w/index.php?title=James_Warburg_before_the_Subcommittee_on_Revision_of_the_United_Nations_Charter&oldid=12448792, Creative Commons Attribution-ShareAlike License. We have been operating, in our foreign-aid programs, almost wholly outside the United Nations. He was an early advocate of the US central bank system. This shy and sensitive man, Kellock continued, "imposed his idea on a nation of a hundred million people". Prior to his term as vice chairman, Warburg was appointed a member of the Federal Reserve Board of Governors in 1914. The OwenGlass Bill did. His son, James Warburg (18961969) was a financial adviser to Franklin D. Roosevelt in the first years of his presidency, and according to his memoirs, FDR's son, James, lived in a cottage house located on uncle Felix Warburg's New York country estate. He donated all the prize money to organizations working for a united world government. That basic conflict is not eliminated by merely passing a resolution or creating a mechanism. As far as I can see today, the next thing I would do would be to explore with the other nations, and as I said in my statement, particularly with a nation like India, what the common ground is on which we could reasonably hope to build a pattern on which they could live and we could live, each keeping the things we cherish. We see, then, that the McMahon proposal might, if reduced to a practicable plan, cure precisely those defects from which our past efforts have suffered and from which the point 4 program will suffer, if we pursue our present course. It recognizes that there is no cure for this evil short of making the United Nations into a universal organization capable of enacting, interpreting, and enforcing world law to the degree necessary to outlaw force, or the threat of force, as an instrument of foreign policy. More surprising perhaps is that the Fed is refighting partisan and ideological battles that Warburg and the other founders thought they had settled a century ago. The last war cost us over $1,000,000,000,000. But I can find no conclusive evidence in the Senator's speech to suggest that he would object to modifying it, so long as it remained an enforceable plan fortified by the right of inspection. It states the objective in unequivocal terms. Revelation 13 tells us, The beast [the Antichrist] was given a mouth to utter proud words and blasphemies and to exercise its authority for forty-two months And it was given authority over every tribe, people, language and nation (Revelation 13:5, 7). Let us now consider the conditions upon which this extremely interesting proposal has been put forward. Mr. WARBURG. Alexander Wiley, Wisconsin Dr. Michael Youssef was born in Egypt and lived in Lebanon and Australia before coming to the United States and fulfilling a childhood dream of becoming an American citizen. Please check your information and try again or call us at 1-800-759-0700. Sen. Warren has criticized the Fed for being too cozy with banks; apparently her anger at banks trumps her well-advertised empathy for consumers. Paul Warburg, on February 17, 1950, while speaking before the United States Senate proclaimed: "We shall have World Government, whether or not we like it. We have to find the mechanism which will enable us to substitute the rule of law for the rule of anarchy in the world. in our hearts, we know we should do. We must make sure that whatever we do, it does not go out to the public that at long last we have found the magic something that is going to bring peace on earth. No, no. Warburg once wrote, in despair of ever launching a central bank, that an abhorrence of both extremes that is, of Washington and of Wall Street had led to an almost fanatic conviction in favor of extreme decentralization. The Federal Reserve's founding members all had ties to the Rothschilds. But, as to Russia, the trouble has been that we have been letting the Kremlin create the existing facts. But it will, at long last, chart our own goal and enable us to steer a straight course toward a clearly seen objective. Above all else, we respect Microsofts billionaire founder Bill Gates said he was disappointed that the Copenhagen conference failed in its goal to set up a world government. You can't have law without government, and you can't have peace without law, that is part A; and, part B, the fact that you have to conduct a really serious world-wide war on hunger, disease, ignorance, and poverty if you want to have the people of the world on our side. He resigned in September 1914 following his appointment to the Federal Reserve Board, and Jacob Schiff was elected to his seat on the Wells Fargo board. Mr. Hickerson of the Department of State listed them most carefully. Yes, but nothing I ever said, or that I have ever written indicated that I think that by passing a resolution we will have the millennium, nor are we talking about a mechanism. Conflict in the minds of men has been generated through centuries of hate and competition between people for material wealth and political domination. Perhaps a shorthand device for stating the point would be to say that we must find a common pattern with Nehru, before we can even think of trying to find a common pattern with Stalin. Senator SMITH of New Jersey. James P. Warburg (banker, economist, a member of FDR's brain trust, and son of Paul M. Warburg) of the CFR told a Senate Foreign Relations Committee on February 17, 1950: "We shall have world government whether or not we like it. The passage of this resolution seems to me the first prerequisite toward the development of an affirmative American policy which would lead us out of the valley of death and despair. Mr. WARBURG. It would, on the contrary, create the only conditions in which private capital might be willing and able to make an important contribution. I couldn't support that because it doesn't seem to go to the root of the matter, which is simply that the United Nations in its present form is a league of sovereign states, and the root of the evil is that it is not a league of sovereign people. I won't quibble with you about the meaning of words. Do you think, Mr. Warburg, that it should be a fundamental objective of the foreign policy of the United States to support and strengthen the United Nations and seek its development into a world federation open to all nations with defined and limited power? That is all I had in mind, Mr. Chairman. This page was last edited on 26 February 2023, at 08:52. We most certainly can, and must, find a common pattern not only with the peoples of western Europe but with the peoples of Asia, Africa, the Middle East, and Latin America. Senator WILEY. Paul Warburg was an advocate for a central bank in the United States and was chosen by President Woodrow Wilson to serve as one of the first members of the Federal Reserve Board. Seligman, an advocate of central banking,[10] was impressed with Warburg's extensive knowledge of the financial system and reportedly told him that "It's your duty to get your ideas before the country. After our entry into World War I, Woodrow Wilson turned the government of the United States over to a triumvirate of his campaign backers, Paul Warburg, Bernard Baruch and Eugene Meyer. Actual legislation was still years away. But it takes a lot of hard work, time, and money to do what we do. Mr. WARBURG. I don't share in Mr. Hickerson's anxiety that this limits us to a narrow approach. [17][18] This bill was close enough to the outline that he adumbrated in his three articles that Harold Kellock could write, "Five years from the time Mr. Warburg had begun his single-handed crusade, his ideas were placed before Congress in the form of the Aldrich Bill. Though his status as a foreigner, and a Jew, made him suspect in the eyes of many of his peers, Warburgs brilliance gradually won him acceptance. 494-508, Subcommittee on Revision of the United Nations Charter Hundreds of banks were unable to repay deposits; the country was plunged into a depression. Without objection, it will be included. Mr. WARBURG. [12], Warburg's ideas gained a wider hearing after the panic of 1907 engulfed the countrys financial system,[13] and he subsequently published two more articles elaborating and defending his plans, "A Plan for a Modified Central Bank"[14] and "A United Reserve Bank of the United States". Self-conscious of his imperfect English and his status as a newcomer, he left his paper to sit in his desk for four years. It is a broad declaration of purpose and nothing more. [4], Warburg became known as a persuasive advocate of central banking in America. I am interested, vitally interested, because I think that is the crux of the thing-how are we going to win the battles of the mind? STATEMENT OF JAMES P. WARBURG OF GREENWICH, CONN. SUPPORT OF SENATE CONCURRENT RESOLUTION 56. Most of the other nations in the world are about ready to do something about it. What we need to do is to outlaw war itself. Government Bouncers on Your Church's Front Door? It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Aabha Paul, who has appeared in multiple erotic shows like Gandii Baat, XXX, and Mastram, recently raised the temperature on her Instargam with some sultry and seductive behind-the-scenes glimpses from her recent shoot. Senator SMITH of New Jersey. Mr. WARBURG. I think we are talking about an aim to find a mechanism; something different. Printed for the use of the Committee on Foreign Relations I think it is well to have it clear that all we are doing here is exploring these suggestions. Senator SMITH of New Jersey. Senator McMahon's proposal carries the affirmative emphasis over into the whole of our foreign economic assistance effort. Paul's brother, Felix, was married to Schiff's daughter and both brothers would be involved with Kuhn, Loeb over the years, making partner after marrying into the firms family members.. Warburg remained a partner in the family firm in Hamburg, but he became a naturalized American citizen in 1911. Under this alternative, we should not wait for Russia. Senator WILEY. I think it is a determination. Senator, I think you have put your finger on the primary reason why this resolution is necessary. In 1950, James Paul Warburg, chairman of the Council of Foreign Relations, told a subcommittee of the . One of the things I think we have been doing too much, is that we have stopped ourselves from getting started in the right direction because we then say, conveniently, Oh, well, the other fellow won't do it anyway, so what's the use.. This would in no way preclude private investment. As he wrote of the Fed, I feel for it, in a sense, as I would for my child.. Senator THOMAS of Utah. We are committed to delivering quality independent Christian journalism you can trust. On the other hand, it is also quite possible that its echoes will die away within a few weeks or months, if the flame of hope which it kindled is allowed to flicker and die out. It is not an accident you're hearing about this three years later because the principal actors involved can no longer suffer any real consequences. Second. Mr. WARBURG. Warburg died at his home in New York City on January 24, 1932, and was buried in Sleepy Hollow Cemetery in Sleepy Hollow, New York. That is one of the difficulties we have. It said, in so many words, that there was no way to prevent the construction and probable use of atomic weapons, short of establishing a world authority capable of enacting, administering, and enforcing law. But, once we have accepted it, by adopting the concurrent resolution now before you, we shall be in a position to proceed with Senator McMahon's cooperative plan, hand in hand with the majority of the world's peoples. Let us present the Kremlin with the fact of a challenge not only to its military power but to its purposes, which are the ultimate roots of its power. Help us continue to be a voice for truth in the media by supporting CBN News for as little as $1. **The conspiracy subreddit is a thinking ground. They have been trying in every way, through the United Nations, through their ambassadors, to try to reach some workable arrangement with Joe Stalin. Have you seen any indication in the last 30 years that the nations have changed their approach on that? God is everywhereeven in the news. Edie Falco The party has to be rebuilt on all levels. Another bill, by Congressman Kevin Brady (R-Texas), would charter a commission to study the Fed and recommend an overhaul. To a very great extent, I believe this hypothesis to be an illusion, especially in the initial stages of the program. In the middle of the panic, Stillman returned. I am assuming that a government will be run as our own Government is run, by the development of a fair process of . U.S. GOVERNMENT PRINTING OFFICE, WASHINGTON, 1950: 64429PP. The creation of one such new fact has been boldly proposed by a member of your committee. The whole plan rests upon the assumption that the United States can save $10,000,000,000 a year (two-thirds of its present military budget). [1][2], In 1891, Warburg entered the office of the family banking firm of M. M. Warburg & Co., which had been founded in 1798 by his great-grandfather. V. SHOULD WE LET RUSSIA PARTICIPATE IN THE NEW OVER-ALL PLAN? It seems to me that, were he to do this, Senator McMahon would have a theoretically impeccable plan. [15] At the same time, he appeared at conferences hosted by Columbia University, the American Economic Society, and the Academy of Political Science. We have to have that recognition. Senator WILEY. 141 votes, 14 comments. Senator WILEY. I think if the Congress enacts this concurrent resolution, it is requesting the President to declare this as an avowed aim of the American policy, and aims of American policy have a habit of being more than wishes. [1][2], Warburg was elected a director of Wells Fargo & Company in February 1910. Senator WILEY. I don't know the Ferguson Resolution. If these existing programs were integrated, as proposed, in the new over-all plan, we should be adding only six billions to our annual expenditure. The real difficulty lies elsewhere. (It is beside the point of this discussion to speculate upon which would have happened, if Russia had accepted Secretary Marshall's invitation.) You can help bring hope today! Mr. WARBURG. I wanted to bring out, if I could, Mr. Warburg's position on these things, and the relation to other proposals. Driven by some of the wealthiest people of all time, a totalitarian one-world government by an elite, administered by the corporate-owned United Nations with the help of corporate owned NGOs, appears to be unstoppable. We then tried to switch to a positive approach, when Secretary Marshall, in launching his well-known project, declared: Our policy is not directed against any country or doctrine, but against hunger, poverty, desperation, and chaos. Our attempt to make this switch was frustrated by Molotov's famous walk-out, which doomed the Marshall plan to become primarily an instrument in the negative cold war. Warburg, in Hamburg in 1868. Our recognition of the inadequacy of the present United Nations structure, and our declared determination to strengthen that structure by Charter amendment, will not alone overcome the Russian obstacle. Senator WILEY. A few days later, Stillman paid Warburg a visit. Explicitly, as to economic assistance itself, Senator McMahon's proposal corrects three major errors in our present procedures: 1. One of your colleagues made a speech the other day, which seemed to me to leap straight for the jugular vein in our present foreign policy. It is true that a regime, which maintains itself by force at home, cannot readily renounce force as an instrument of foreign policy. We have been so naive in our world dealings, as you know, with the Soviet Union particularly and with others, and my whole thought in questioning you is to see or make sure that the thing we want, in other words, people sitting down, nations sitting down together, keeping faith with one another, things that we want to be--that our wishes do not lead us up other blind alleys that we would regret. The National Monetary Commission, which Aldrich chaired, subsequently interviewed Warburg on multiple occasions. The obvious answer is that we cannot afford to cut our military expenditures by $10,000,000,000 a year unless there is an effective agreement to disarm; and that, unless we can save the $10,000,000,000 out of our military budget, we cannot afford to spend them on economic reconstruction. The CFR has always envisioned and been working persistently towards a totalitarian one world government. [8], Upon arriving in New York in 1902, Warburg drafted a critique of the American banking system, which he thought was insufficiently centralized. CFR founder Paul Warburg was a member of Roosevelt's "brain trust." In 1950, his son, James, told the Senate . James Paul Warburg (August 18, 1896 - June 3, 1969) was a German-born American banker [Ethnicity: Jewish ]. That is a very dangerous condition for us to get into. Clearly we can afford it, if the program can reasonably be expected to get us off the greased slide that leads to atomic war and on to the long and arduous road that leads to peace. 1. If there were such a thing as a world government, we would be better prepared [to fight disease outbreaks]. Harold Kellock, "Warburg, the Revolutionist". His plan, so right in itself, would become operative only if a disarmament agreement were first reached with the Kremlin under which the United States could save $10,000,000,000 a year out of its military budget. Suppose we get India and Pakistan and their 500,000,000 people to enter our organization. He was a member of Temple Emanu-El in New York City. The trouble with the Baruch plan-even if brought up to date-is that it deals only with one type of weapon. Moreover, even if the Russians were to accept a modified Baruch plan, this would not suffice, because, at best, such a plan would outlaw only one type of weapon and one method of waging war. The Vatican said: It is the task of todays generation to recognize and consciously to accept these new world dynamics for the achievement of a universal common good. Sir John Boyd Orr, a Scottish doctor and politician, received the Nobel Peace Prize in 1949 for his research into improving global food production. I should like to make it clear, Mr. Chairman, that I do not minimize the many and complicated problems which will remain to be solved, once Senate Resolution 56 is enacted. Most members are one-world-government ideologists whose long-term goals were officially summed up in September 1961 State Department Document 7277, adopted by the . But modern scholars such as Elmus Wicker,[19] Murray Rothbard,[20] William Greider,[21] and Griffin[18] believe that the Aldrich and OwenGlass bills are so similar that there is little doubt the latter plan was heavily influenced by the former. If we said, This is something we have to do, and did it, we would find an awful lot of other people coming along who, once something was started, might be persuaded to join us. To fill in these gaps, I ask leave to have included in the record of my testimony, the paper already referred to, which was delivered last week at a conference of the Postwar World Council in New York. The Federal Reserve Act owes as much, if not more, to Senator Aldrich as it does to Representative Glass. Your point of view is very valuable. Therefore, whatever we do in Asia must, we think, be done without spending any substantial funds from our Treasury. Now the amazing thing was this: We, the United States, were willing to put forward this far-seeing proposal and to abide by it, but without recognizing the revolutionary nature of our own proposition. He founded The Church of The Apostles which was the launching pad for Leading The Ways international ministry. The benefits of the McMahon plan would become immediately available to those countries which made known their will to accept supranational authoritynot only in the field of atomic energy, but in the whole field of international relationsto the extent necessary in order to establish peace under law. I don't think then, even if you attained world government, you would necessarily have a guaranty of peace-I don't think you can have peace without world government, I think we need to proceed on two parallel lines, one political, and one economic. The third of five brothers, he was groomed to run the bank, yet found the details of commerce tedious, and was repelled by the coarser elements of banking, such as stock speculation. It is, therefore, fair to say that the adoption of the McMahon plan without any conditions whatever would probably not add more than four or five billion dollars a year to our expenditures. In order not to trespass upon your time, Mr. Chairman, I have left a number of gaps in the presentation of the suggested modification of the McMahon proposal. Sir John Boyd Orr, a Scottish doctor and politician, received the Nobel Peace Prize in 1949 for his research into improving global food production. It would, in effect, establish world government in the limited field of atomic energy, but it would leave the use of all other types of weapons to the discretion of nation-states dwelling in a state of international anarchy. Mr. Chairman, Senate Resolution 56 merely expresses the sense of the Congress. I think we should go ahead and do precisely what he says, and not wait for Russia. If we seek peace under law by common consent, we cannot expect to impose our imprint upon the world. I believe that the United States should embark upon such a plan without making its decision subject to whatever the Kremlin may or may not be willing to do at the present time. This proposal falls into two parts: the proposal itself, and the conditions upon which it was put forward. Let us, then, present, the Kremlin with a fact far more powerful than our decision to develop and manufacture ever more horrible weapons of destruction. That has been our position to date. I would find it difficult to imagine any practical plan which did not involve some form of world government. Senator McMahon proposed that we present the Kremlin with the fact of our determination to dedicate our strength to a world-wide, cooperative crusade, waged through the United Nations, against hunger, poverty, disease, and ignorance. For Warburg, overcoming this obsession became a crusade. REVISION OF THE UNITED NATIONS CHARTER Assume that we are successful in getting this resolution through. Nathanial Rothschild threatened the United States with war if it did not renew the central bank charter. Until we have established this goal, we shall continue to befog and befuddle our own vision by clinging to the illusion that the present structure of the United Nations would work, if only the Russians would let it work. With all due respect to Senator Tydings, I have never seen any hope in disarmament or limitation of armaments by agreement between sovereign nations or states, because all of the treaties between the sovereign nations or states are such that anyone can break them at their convenience, and the result is that you give a head start to the aggressor. H. Alexander Smith, New Jersey. Roger Lowenstein is the author of Americas Bank: The Epic Struggle To Create the Federal Reserve (Penguin, 2015). I think the essential thing we should undertake is that we declare our willingness to participate in some sort of world organization capable of enacting, administering, interpreting, and, enforcing world law, whether you call it a federation, a government, or world order, I don't think that matters. At the time of his death, he was chairman of the Manhattan Company and a director of the Bank of Manhattan Trust Company, Farmers Loan and Trust Company of New York, First National Bank of Boston, Baltimore & Ohio Railroad, Union Pacific Railroad, Los Angeles & Salt Lake Railroad, Western Union Telegraph Company, American I.G. Warburgs dream that the Fed would become a cherished American institution has never looked more in doubt. The world's two superpowersRussia and the United Statesare entangled in the vicious circle of an arms race, which more and more preempts energies and resources sorely needed to lay the foundations of enduring peace. Eric Warburg was born to a Jewish family in Hamburg, Germany on April 15, 1900 His parents were Alice (ne Magnus) and Max Warburg," His father was banker Paul Warburg, member of the Warburg family and "father" of the Federal Reserve system. In January, 1949, President Truman made a second start toward an affirmative policy, when he enunciated the point 4 principle. Mr. WARBURG. More recently, Lord Christopher Monckton, who was science adviser to British Prime Minister Margaret Thatcher, reported on the goals for the 2009 United Nations Climate Change Conference in Copenhagen: A world government is going to be created. Because we have committed so large a part of our resources to military preparations and to European aid, we have arrived at the crisis in Asia feeling impoverished. Now, I want to ask another question: Assume now that pursuant to this resolution the President is requested to head in a certain direction in foreign relations to take steps to support and strengthen the United Nations in such a way that there will be developed a world federation open to other nations.
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