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. [citation needed] The Paul M. Warburg chair in Economics at Harvard University was named in his honor. If we have it, can we get all the other folks to have that recognition, and then keep faith? [2], On October 1, 1895, Warburg was married in New York City to Nina J. Loeb, daughter of Solomon Loeb, a founder of the New York investment firm of Kuhn, Loeb & Co. 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. 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. 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. Senator WILEY. Senator THOMAS of Utah. The Federal Reserve Act owes as much, if not more, to Senator Aldrich as it does to Representative Glass. 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. Mr. WARBURG. (February 17, 1950, as he testified before the US Senate)."- Paul Warburg before the Senate. 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. 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. Eric Warburg was born to a Jewish family in Hamburg, Germany on April 15, 1900 His parents were Alice (ne Magnus) and Max Warburg," We talked about government under law with respect to A-bombs, but went on talking about international anarchy with respect to TNT-bombs. . Would you care to comment on Senator Tydings' suggestion that the President call a disarmament conference to deal with that as the immediate problem before us, before we get to Senator McMahon's proposal? He thought the Second Bank was a tool of moneyed elites (just as populists today accuse the Fed of favoring Wall Street). Warburg, in Hamburg in 1868. To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. Mr. WARBURG. He was well known for being the financial adviser to Franklin D. Roosevelt. Paul Warburg > Quotes (?) But it takes a lot of hard work, time, and money to do what we do. They settled in Hamburg, but Nina yearned to be near her parents. The first half of this answer must be accepted as correct. Submitted by escamp on August 31, 2015 - 3:04pm. We should get together with the other nations, which are willing to share our purpose to create the rule of law in the world. In 1902 they relocated to New York, with Warburg joining his in-laws firm. Senator SMITH of New Jersey. Some think that it goes too far and some think that unless we can see the thing through and blueprint it as to what it means, we should not use it. In the last 50 years, more than 50% of the cabinet members of both the Republican and Democrat Presidential Administrations have been members of this organization. . 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. This page was last edited on 26 February 2023, at 08:52. 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. 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. For Warburg, overcoming this obsession became a crusade. [1][2], Warburg was elected a director of Wells Fargo & Company in February 1910. 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. He organized and became the first chairman of the International Acceptance Bank of New York in 1921. International Acceptance was acquired by the Bank of the Manhattan Company in 1929, with Warburg becoming chairman of the combined organization. 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. 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. Feb. 2, 3, 6, 8, 9, 13, 15, 17, and 20, 1950 I think we are talking about an aim to find a mechanism; something different. I don't think we can meet that crisis in any other way except by embarking on this road, and then doing some other things as well. I don't share in Mr. Hickerson's anxiety that this limits us to a narrow approach. Mr. WARBURG. You must credit the Forward, retain our pixel and preserve our canonical link in Google search. 105). I mean, there should be a cooperative endeavor, such as Senator McMahon was talking about, in which everybody chips in. For our Fallen Warrior commemoration this week, we remember retired Army Air Force Chief Master Sgt. It is a broad declaration of purpose and nothing more. 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. Those and many other questions are addressed here. 494-508, Subcommittee on Revision of the United Nations Charter In his Nobel acceptance speech, he said, We are now physically, politically, and economically one world The absolute national sovereignty of nations is no longer possible. Advantages and disadvantages are distributed unfairly We always have army divisions ready to fight a war. It was "a source of great satisfaction", he wrote, that both the Democratic and Republican parties had come to embrace the type of plan for which reformers like him had been campaigning.[23]. 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. I am not assuming that we will run the world government. Warburg was admitted to a partnership in the family firm in 1895. 2023 The Christian Broadcasting Network, Inc., A nonprofit 501 (c)(3) Charitable Organization. Microsofts billionaire founder Bill Gates said he was disappointed that the Copenhagen conference failed in its goal to set up a world government. The first of these new facts would, for a time, be static. You understand, of course, that we have a great deal of disagreement here between great minds in relation to the appropriateness of the mechanism. 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. 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? Dr. Youssef has authored more than 50 books, including popular titles Hope for This Present Crisis and Saving Christianity? His latest book, Is the End Near?, was released on October 4, 2022. These yearning utopians make an unthinking assumption that their world government will be run by people of goodwill. Warburg was born in Hamburg, Germany, to the Warburg family, a banking dynasty with origins in Venice. Senator WILEY. Senator WILEY. Explicitly, as to economic assistance itself, Senator McMahon's proposal corrects three major errors in our present procedures: 1. So says Charles Crismier, founder of Save America, whose most recent book, Antichrist: How to Identify the Coming Imposter, gives details of the current cultural and political climate and how it relates to the end times. I don't think one needs to answer that question at the present time, sir. To begin with, we should not be talking about a 'net increase of $10,000,000,000, a year in our expenditure. 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. It never occurred to us that the principle, which we recognized as valid with respect to atomic weapons, was equally valid with regard to all weapons. Self-conscious of his imperfect English and his status as a newcomer, he left his paper to sit in his desk for four years. Mr. Hickerson of the Department of State listed them most carefully. Harold Kellock, "Warburg, the Revolutionist". The creation of the other lies in your hands today. Senator WILEY. After graduating from the Realgymnasium in Hamburg in 1886, he entered the employ of Simon Hauer, a Hamburg importer and exporter, to learn the fundamentals of business practice. I am wondering whether you are prepared to go that far, where you say in your statement that you are not trying to outline the details, you mean you are not prepared to say yet what kind of over-all federal legislature should be set up to enact the kind of laws you contemplate? Freed from its self-defeating proviso, Senator McMahon's proposal can become a mighty weapon for peace. His father was banker Paul Warburg, member of the Warburg family and "father" of the Federal Reserve system. That is one of the difficulties we have. That condition is that only those nations shall be eligible to participate in the plan whose peoples have made known their will to accept the rule of lawnot merely in the field of atomic weapons but in the whole field of international relationsto the degree necessary in order to outlaw force, or the threat of force, as a method of settling disputes. It would not change the structure of the United Nations at all. I am James P. Warburg, of Greenwich, Conn., and am appearing as an individual. No one knows what the next war would cost. The . Please use Chrome, Safari, Firefox, or Edge to view this site. Help us continue to be a voice for truth in the media by supporting CBN News for as little as $1. The Federal Reserve, which was enacted by Congress in 1913 and set up shop the following year, is today an institution under siege. Sir John Boyd Orr, a Scottish doctor and politician, received the Nobel Peace Prize in 1949 for his research into improving global food production. 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 can tell you where I think, or where I would try to go. He interrupted work there to undertake a world tour during the winter of 18911892. Mr. WARBURG. We are now on the road to eventual wara war in which the conqueror will emerge well nigh indistinguishable from the vanquished. Does God allow evil in the world? That is a consummation devoutly to be wished for, but are you not really assuming that we have won the battle of ideas in the minds of men, so that-we all see alike? It didn't and within a year the war of 1812 started with England, whose central bank he controlled. I am aware, Mr. Chairman, of the exigencies of your crowded schedule and of the need to be brief, so as not to transgress upon your courtesy in granting me a hearing. The second purpose is the transfer of wealth from the countries of the West to third world countries And the third purpose of this new entity, this government, is enforcement [Delegates discussed] setting up a global government so that they could shut down the West, shut down democracy, and bring freedom to an end worldwide. SENATOR MCMAHON'S PEACE BOMB-WORKABLE PLAN OR DESPERATE HOPE? Warburg was born into a wealthy banking family, proprietors of M.M. Senator SMITH of New Jersey. Previously, he was Chief Executive and then Chairman of BBA Group plc, Chairman of . [9] He overcame his reticence in 1906 after attending a dinner party hosted by Professor Edwin Seligman of Columbia University. He was also a trustee of the Institute of Economics, founded in 1922; when it was merged into the Brookings Institution in 1927, he became a trustee of the latter, serving until his death. [8], Upon arriving in New York in 1902, Warburg drafted a critique of the American banking system, which he thought was insufficiently centralized. H. Alexander Smith, New Jersey. 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 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 Alexander Wiley, Wisconsin 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. He was well known for being the financial adviser to Franklin D. Roosevelt. Furthermore, it seems reasonably certain that, with or without the over-all McMahon plan, we shall have to spend considerable sums in Asia and the Middle East during the next 5 years if we intend to hold our own in a continuing cold war. In 1907, just as Warburg had predicted, a panic virtually shut down the banking system. Not long after he arrived, interest rates in New Yorks chaotic money market soared to 100 percent. Assume that we are successful in getting this resolution through. That is a very dangerous condition for us to get into. "In 1965, when Eric Warburg retired to Germany, control was handed to Lionel Pincus, a partner in the Ladenburg Thalmann investment bank. The Federal Reserve's founding members all had ties to the Rothschilds. Introspective and brooding, he became active in a local commercial court and in the city council evidence of his latent interest in politics. The present European recovery program, the point 4 program, atomic energy development and, presumably, all other programs of economic rehabilitation and development would be combined in this single over-all plan. They have been trying in every way, through the United Nations, through their ambassadors, to try to reach some workable arrangement with Joe Stalin. Disarmament by example will get us nowhere. The only question is whether World Government will be achieved by conquest or consent. In 1919, he founded and became first chairman of the American Acceptance Council. REVISION OF THE UNITED NATIONS CHARTER Most of the other nations in the world are about ready to do something about it. We have so far -overlooked the fact that parts of western Europe are actually much more closely integrated with parts of Asia, Africa, and the Middle East than they are with each other. In an interview with Sddeutsche Zeitung, Germanys Munich-based national daily newspaper, Gates said: We have global problems and urgent needs. Also available on most smart TVs and streaming services. Mr. WARBURG. 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 want to win it back, if there is a way to do it. It restores the original Marshall plan concept. 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 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. Globalized power leads inevitably to globalized corruption and oppression. 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. (February 17, 1950, as he testified before the US Senate). Senator WILEY. 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. President Wilson accepted his resignation a blow from which Warburg never recovered. Mr. WARBURG. Mr. WARBURG. For what, pray, is any attempt to control so-called conventional armaments by treaty between sovereign nation states, other than leaving the use of such armaments to the discretion of the individual governments?