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. He holds degrees from Moore College in Australia, and Fuller Theological Seminary in California, with a Ph.D. in cultural anthropology from Emory University. Various commentators have pointed out that this point of departure negates the whole proposal and makes it merely a clever propaganda maneuver. I would hesitate to express an unconsidered opinion as to this, Senator. Indeed, why should Russia prefer the unpredictable hazards of war to a continuation of here present profitable fishing in the troubled waters of an uneasy armistice? I gather from your statement that you are not prepared to go as far as the so-called Hutchins plan, which is a proposed set-up for a world federationyou are not prepared to go that far? November 29, 2015, Paul Moritz Warburg, a German-Jewish immigrant who was one of the founding fathers of the U.S. Federal Reserve, had a fervent wish that his creation would be seen as one of Americas great monuments like the old cathedrals of Europe.. How many planes, tents, scientists? Need prayer? But, parallel, to that, that is why I brought in Senator McMahon's proposal, I think we can do a great deal to create the limits within which the world community can grow and become possible, and I think the Senator hit the nail on the head with his proposal, except as I say he hitched it to another proviso. 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. Why not, then, combine two bravely taken positions of wise statesmanship into one? Listen to globalist banker, Paul Warburg: We will have a world government whether you like it or not. Its opponents today are more mainstream. It cost us very early as much per week as this program would cost us per year. He was a member of Temple Emanu-El in New York City. 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. STATEMENT OF JAMES P. WARBURG OF GREENWICH, CONN. SUPPORT OF SENATE CONCURRENT RESOLUTION 56. The movement toward a one-world government began with a few individuals in the twentieth century. Limitations of time prevent my going into detail, but I should like to state specifically the conviction that any exclusive partial federation, such as the Atlantic Union, would not only serve to harden the existing cleavages in a divided world, but would create new and dangerous cleavages within our half of the divided world. That means that Uncle Sam would become the world policeman. At a conference in New York last week, I ventured to put forward an alternative, in which Senator McMahon's world-wide Marshall plan would not be conditioned upon anything the Kremlin might or might not be willing to do. Stay informed with the latest from CBN News delivered to your inbox. Feb. 2, 3, 6, 8, 9, 13, 15, 17, and 20, 1950 These are three major contributions to the making of an American policy that might lead to enduring peace. 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. 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. In America, by contrast, each bank was responsible for its own reserve. Unless you cure that, I don't think you can attack the root of the evil. Mr. WARBURG. If I might sum it up, I think Senate Resolution 56 does the minimum required to undertake the job we have to undertake without going any further than is necessary, to accomplish that minimum, at the present time. I believe them to be solublebut not by the adoption of any hastily conceived formulas, and, above all, not without exploring patiently and carefully what is in the minds of other peoples, who, while friendly to us, do not share our historical background nor our particular political or economic prejudices and predilections. If we seek peace under law by common consent, we cannot expect to impose our imprint upon the world. A few days later, Stillman paid Warburg a visit. 2. This brings me to the final observation I should like to make concerning the Senator's proposal. We are now on the road to eventual wara war in which the conqueror will emerge well nigh indistinguishable from the vanquished. 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? It is true that a regime, which maintains itself by force at home, cannot readily renounce force as an instrument of foreign policy. No, sir; I am not in favor of that, as I stated in my testimony. mhp: Secrets of the Federal Reserve -- World War One What I attempted to suggest, and let me restate it because I think it is the nub of the problem. 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. I should say, if I might, sir, it is more than a wish. "The True Story of the Bilderberg Group" and What They May Be Planning For our Fallen Warrior commemoration this week, we remember retired Army Air Force Chief Master Sgt. I can tell you where I think, or where I would try to go. Indeed, the young republic twice experimented with a national bank, and even though each attempt was successful, each of these banks was abandoned. 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. That is a very dangerous condition for us to get into. Baruch was appointed head of the War Industries Board, with life and death powers over every factory in the United States. Since then, however, it has become clear that technical advice without substantial help in carrying it into effect would be of no great usefulness, and so we have built a point 4 program on the hypothesis that private investors can be induced to provide the necessary capital. It outlaws one method of waging war. [6][7] Harold Kellock of The Century Magazine, characterized Warburg as "the mildest-mannered man that ever personally conducted a revolution". SENATOR MCMAHON'S PEACE BOMB-WORKABLE PLAN OR DESPERATE HOPE? He is Chairman of Smith & Nephew plc, Partner of Clayton, Dubilier & Rice, and Chairman of Clayton, Dubilier & Rice Europe, a private equity firm. Mr. Chairman, I prefer Senate Resolution 56 to other resolutions now before you for two major reasons: First: Senate Resolution 56 goes to the root of the evil in the present state of international anarchy. He was nominated by President Woodrow Wilson to be a governor on the Federal Reserve Board, and was a power in the system in its first years. It would, I think, be foolish to think that this can happen in the immediate future as the result of any sort of negotiations. Paul Warburg was the inspiration for the Little Orphan Annie caricature called "Daddy Warbucks". . 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. Edie Falco The party has to be rebuilt on all levels. I was not here but three weeks, Warburg said, before I was trying to explain to myself the roots of the evil.. Mr. WARBURG. James Warburg before the Subcommittee on Revision of the United Nations Charter, Revision of the United Nations Charter: Hearings Before a Subcommittee of the Committee on Foreign Relations. Prior to his term as vice chairman, Warburg was appointed a member of the Federal Reserve Board of Governors in 1914. We have so far been attempting to deal with isolated parts of the world economy without an over-all concept or plan. Others say they have the mechanism. THE ONE WORLD ORDER, BY CONQUEST OR CONSENT? - News With Views We shall then be in a position to proceed with our over-all cooperative plan hand in hand with the majority of the world's peoples. I want to win it back, if there is a way to do it. It didn't and within a year the war of 1812 started with England, whose central bank he controlled. 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. Does God allow evil in the world? Senator WILEY. 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. WW3 - What is the New World Order (NWO)? - Three World Wars James Warburg, financial advisor to FDR, and part of a banking family that stood to gain financially from world government, testified in 1950 before a Senate Congressional subcommittee that. Actual legislation was still years away. Mr. WARBURG. 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? Schiff warned Warburg not to show his paper to anyone else. I don't think that by our avowed intention to transform the United Nations into a world federation, that we change an existing crisis with Russia, and the whole Communist orbit. 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. 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. 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. "[16], The Aldrich Bill, however, did not become the Federal Reserve Act. The word government actually appears as the first of three purposes of the new entity. The first of these new facts would, for a time, be static. This criticism seems to me wide of the mark. Without detracting from the imaginative courage of Senator McMahon's proposal, I regret that, in his first presentation, he has attached it to a self-negating proviso. Disarmament by example will get us nowhere. Mr. WARBURG. They have been trying in every way, through the United Nations, through their ambassadors, to try to reach some workable arrangement with Joe Stalin. If yours is the way to do it, you will have to demonstrate it, and you will have to demonstrate that if we join up with all the groups of the earth, that we won't be taken for a ride. You must credit the Forward, retain our pixel and preserve our canonical link in Google search. Senator SMITH of New Jersey. Under it, all nations, including the Soviet Union, would be eligible for assistance. Paul Warburg's Crusade to Establish a Central Bank in the United States 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? I should like to put the question to you In reverse: Can we afford not to undertake such a plan? 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. However difficult it may be to bring it about, some form of world government, with agreed international law and means of enforcing the law, is inevitable., In 1950, James Paul Warburg, chairman of the Council of Foreign Relations, told a subcommittee of the United States Senate, We shall have world government, whether or not we like it. DR. MICHAEL YOUSSEF: A One-World Government - Utopia or Hell on Earth The American people, Schiff explained, do not want to centralize power. (February 17, 1950, as he testified before the US Senate). The . Senator McMahon's proposal carries the affirmative emphasis over into the whole of our foreign economic assistance effort. The Fed is instead being punished for success. develop a positive policy of our own, and I think the two parts of a pattern go together. We embarked, in 1947, upon a wholly negative concept of extending economic and military aid wherever needed to contain Soviet-communism. 1. Senator SMITH of New Jersey. "The New York bankers got all they wanted", Wicker argues, "with the single exception of banker control. Without objection, it will be included. Senator WILEY. This page was last edited on 26 February 2023, at 08:52. No, but I think it would get us on a course with a charted goal toward which we could steer, which would enable us to meet the crises, and without such a goal, I don't see how we can, because we will go on zigzagging. [1][2], Warburg was elected a director of Wells Fargo & Company in February 1910. By Roger Lowenstein Warburg was born in Hamburg, Germany, to the Warburg family, a banking dynasty with origins in Venice. Y.]. Elbert D. Thomas, Utah, Chairman 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. Anger at banks? 141 votes, 14 comments. 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. 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. If your question means, do I believe that we can make a treaty with the Russians, I will say precisely the opposite. 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." . 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. What we need to do is to outlaw all weapons of aggression. 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. 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.. That is the political approach. Mr. WARBURG. U.S. GOVERNMENT PRINTING OFFICE, WASHINGTON, 1950: 64429PP. It would not suffice for putting out fires. 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. 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 wanted to bring out, if I could, Mr. Warburg's position on these things, and the relation to other proposals. Senator THOMAS. A world government is a world without borders, national sovereignty, constitutions, privacy, autonomy, individual liberties, religious freedoms, private property, the right to bear arms, the rights of marriage and family and a dramatic population reduction (two thirds). 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. Harold Kellock, "Warburg, the Revolutionist". I am James P. Warburg, of Greenwich, Conn., and am appearing as an individual. Rand Paul and Ted Cruz, if either lands in the White House, clearly intend to downsize the Feds charter. The steady progress of the massed forces of humanity embattled in a common crusade against hunger, poverty, disease, and ignorance. 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? I am assuming that a government will be run as our own Government is run, by the development of a fair process of . 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. . Today, that new world is struggling to be born, a world quite different from the one we have known." .
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