"The International Jew" Study Hour - Episode 64
Sept. 12, 2013
Carolyn Yeager and Hadding Scott read and comment on Chapter 59, “Jewish Idea of Central Bank for America.”
Paul M. Warburg came to this country with the idea of changing the monetary system and creating a central bank modeled after the European central banks. To overcome the suspicion of the American people, he decided on a plan of 12 regional banks (see map right), but only the New York bank had the real power. Other important points:
- The Federal Reserve System constituted a new order;
- Though the U.S. was the richest country in the world, money was tied up tight because of manipulation, and there was not a uniform rate of interest for the whole country;
- Warburg said politicians didn't belong in banking because they didn't understand it, and the pols accepted that;
- Warburg thought he understood the psychology of Americans: regardless of party platforms, they would eventually do what Europe (meaning Jews?) wanted;
- Bernard Baruch was questioned by Congress over his recommendation of a candidate for Fed Officer to Treasury Secretary McAdoo, a person suggested to him by arch-politician E. M. House.
There are 12 Federal Reserve banks, but only one really matters; The Jew York Bank, with 1.75 Trillion in assets (as of Feb. 2013), equaling 58% of the total of all 12 Fed banks. The next largest is San Francisco with 327 Billion; the smallest is Minneapolis with 29 Billion. Enlarge
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.




