. He also made substantial contributions to the Warburg Library in Hamburg, founded by his brother, the art historian Aby Warburg; he gave a hall known as the American House to Heidelberg University; and he made generous donations to the Academy of Political Science in Berlin.[2]. That is the political approach. Mr. WARBURG. I ought to say, in behalf of Senator Tydings' proposal that he wouldn't think of going into it unless there were some practical plan for international inspection. Why not, then, combine two bravely taken positions of wise statesmanship into one? I don't think one needs to answer that question at the present time, sir. Freed from its self-defeating proviso, Senator McMahon's proposal can become a mighty weapon for peace. 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. The question is only whether world government will be achieved by consent or by conquest. If your question means, do I believe that we can make a treaty with the Russians, I will say precisely the opposite. During the pandemic, we saw how easily global governance organizations like the World Health Organization can be bent to the will of a coercive power like Communist China. Senator, I think you have put your finger on the primary reason why this resolution is necessary. The Warburgs were the parents of a son, James Paul Warburg, and a daughter, Bettina Warburg Grimson. Senator WILEY. 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. That is a very dangerous condition for us to get into. The first of these new facts would, for a time, be static. He was well known for being the financial adviser to Franklin D. Roosevelt. The creation of one such new fact has been boldly proposed by a member of your committee. The . Those and many other questions are addressed here. From 1921 to 1926 Warburg was a member of the advisory council of Federal Reserve Board, serving as president of the advisory council in 192426. The past 15 years of my life have been devoted almost exclusively to studying the problem of world peace and, especially, the relation of the United States to these problems. In the present-state of world affairs, it would seem to me unwise to commit ourselves to any fixed plan of action, without first exploring all the possibilities. Taken together, these two facts would exert a mounting pressure toward cooperation upon the Kremlin. In an article published in the New York Times in 1907, Paul Warburg, a successful, German-born financier who was a partner at the investment bank Kuhn, Loeb, and Co. and widely regarded as an expert on the banking systems in the United States and Europe, wrote that the United States' financial system was "at about the same point that had been Would you be willing, irrespective of whether this is passed or not, to support the Thomas-Douglas proposal, or the so-called Ferguson Resolution, if you know what they are? In times of financial stress, each bank seeking to protect itself would pull back on credit, accentuating the general scarcity, causing interest rates to soar. The avowed aim could not be realized without Russian cooperation. Once we shall have declared a positive purposeonce we shall have cemented the united will of the free peoples in a common aspiration we shall be in a far stronger position to deal with the obstacles presented to the realization of that purpose. It would, on the contrary, create the only conditions in which private capital might be willing and able to make an important contribution. Above all else, we respect 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. You must credit the Forward, retain our pixel and preserve our canonical link in Google search. 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. I have been asked as to those things, and as to the substitution of the word order for the word federation so that you won't have the implication of some kind of federated. Disarmament by example will get us nowhere. The minute you have government and law, and law enforcement, there is no longer a question of whether you are willing to stick to a contract, you have to, or the policeman will come and take you in to jail. Suppose we get India and Pakistan and their 500,000,000 people to enter our organization. Previously, he was Chief Executive and then Chairman of BBA Group plc, Chairman of . Sir John Boyd Orr, a Scottish doctor and politician, received the Nobel Peace Prize in 1949 for his research into improving global food production. 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. Were happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. Americans, as before, are suspicious of large financial bodies, especially government ones. The American people, Schiff explained, do not want to centralize power. Schiff warned Warburg not to show his paper to anyone else. 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. Congresss ire stems largely from libertarians who disdain the Fed as a meddling Washington bureaucracy. 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. We have so far been attempting to deal with isolated parts of the world economy without an over-all concept or plan. We are not saying this is the mechanism by which you do it, we are saying you have to find it. I can tell you where I think, or where I would try to go. As long as you have a world organization which is in effect nothing more than a multilateral agreement between sovereign states, you have precisely the situation you describe. This criticism seems to me wide of the mark. Mr. WARBURG. The Acheson-Lilienthal report, from which the Baruch plan derived, was a revolutionary document. This is something like a community which decides to outlaw murder by the use of firearms, enacts a law to that effect, and hires a policeman to enforce it, but leaves murder by knives, hatchets, and poison to the discretion of individuals. Suppose we take for granted that no effective disarmament agreement is possible at the present time, and that we cannot, therefore, count on any substantial saving in our military budget. I, for one, believe that Senator McMahon has outlined a plan that can reasonably be expected to lessen the existing tensions, to strengthen the United Nations, to put the United States into an unassailable moral position and to improve the lot of mankind. He was appointed vice chairman (called "vice governor" before 1935) on August 10, 1916. We may or may not be able to find a common pattern with the present rulers of Russia. The money we are now spending in western Europe and in other parts of the world for purely economic aidexcluding military assistancecomes to at least $4,000,000,000 a year. The ultimate goal of this invisible government is to transform the United States into a Socialist state and then to merge the nation into a one-world government socialist system. I feel grateful to you for your splendid presentation, Mr. Warburg. Warburg was stunned by the primitive condition of American banking. Others say they have the mechanism. The Ferguson Resolution is simply an approach through the United Nations, recognizing the United Nations, and presupposes that it has in it a possibility of expansion and proposes that that area of expansion should be explored under the United Nations as it is today, a trial-and-error approach, rather than contemplating a blueprint for the future. You feel it presupposes that we might commit ourselves to something like the Swiss Federation, or our own federation, or any other existing federation at the approach. 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. If the policy suggested by Senator McMahon is a wise policy for the United States to pursue, why must it be made conditional upon any Russian action? Senator WILEY. Explicitly, as to economic assistance itself, Senator McMahon's proposal corrects three major errors in our present procedures: 1. The condition I would attach to Senator McMahon's proposal is one that we shall not be able to impose until we, ourselves, have accepted it. No; because I don't think we alone are capable of thinking that out. These studies led me, 10 years ago, to the conclusion that the great question of our time is not whether or not one world can be achieved, but whether or not one world can be achieved by peaceful means. Mr. Hickerson of the Department of State listed them most carefully. The movement toward a one-world government began with a few individuals in the twentieth century. Showing 1-1 of 1 "We shall have World Government, whether or not we like it. The Fed is instead being punished for success. It would not change the structure of the United Nations at all. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. For example, we are trying desperately to integrate western Europe by one major effort, while making another wholly separate effort to raise the living standards of the so-called underdeveloped areas of Asia, Africa, and the Middle East. 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. 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. Listen to globalist banker, Paul Warburg: We will have a world government whether you like it or not. The Group's grand design is for "a One World Government (World Company) with a single, global marketplace, policed by one world army, and financially regulated by one 'World (Central) Bank' using one global currency." . Warburg became a U.S. citizen, and played a major behind-the-scenes role in drafting legislation. Self-conscious of his imperfect English and his status as a newcomer, he left his paper to sit in his desk for four years. I think that is a cooperative matter that calls for cooperative effort. The basic tenet of our policy has been to strengthen the United Nations; nevertheless, we have acted unilaterally in western Europe, in Greece and Turkey, and in China. Mr. WARBURG. Senator SMITH of New Jersey. Paul Warburg papers (MS 535). What we need to do is to outlaw all weapons of aggression. Indeed, the young republic twice experimented with a national bank, and even though each attempt was successful, each of these banks was abandoned. 1950 by James Paul Warburg ("Angel" to and active in the United World . Mr. WARBURG. I should say, if I might, sir, it is more than a wish. I don't share in Mr. Hickerson's anxiety that this limits us to a narrow approach. President Truman's point 4 program will apparently attempt to channel at least some of the proposed technical aid through the United Nations, but most, if not all, of the needed capital investments are expected to flow unilaterally from the United States to the participating countries, in accordance with bilateral bargains made outside of the United Nations. H. Alexander Smith, New Jersey. Let us consider each separately. 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. No one knows what the next war would cost. Senator THOMAS of Utah. Now, the thing I am trying to bring out in my questions is, that no mechanism will do the job unless there is a willingness and intent on the part of the peoples to carry it through. Mr. WARBURG. Senator WILEY. I am saying we should proceed, irrespective of a treaty with the Russians. I think the political line is that we must declare our intention to do the one thing that can preserve the peace in the world, and oddly enough, the United States and the Soviet Union are the only two great powers that are on record as opposing the transformation of the United Nations, That is the only thing we agree with Uncle Joe on. He interrupted work there to undertake a world tour during the winter of 18911892. Senator SMITH of New Jersey. His parents were Moritz and Charlotte Esther (Oppenheim) Warburg. I will be creating a thread/post compiling TONS of admitted quotes by the NWO architects themselves (Kissinger, Rockefeller, Brezenski, ect), from their OWN PUBLICATIONS, that detail and outline their plan advocating for the creation of a one world . 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. In one stranger-than-fiction episode, he and two other bankers were invited by an influential U.S. senator to Jekyll Island, off the Georgia coast, for a secret drafting session. Mr. WARBURG. If we could do that, find the common pattern or the common meeting ground for the non-Soviet world, and I believe it can be done, then one begins this trial-and-error business, finding out how the details would work out in terms of a constitution, and so forth. 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. Thus, the 5-year program would cost us 30not 50 billions. Every freedom-loving person anywhere in the world must reject the attempts by governments, non-governmental organizations, and multinational corporations to lead us into the abyss of a globalist hell on earth.