Who was he: Paul Moritz Warburg was a German-born, Jewish-American banker who was an early advocate of establishing the Federal Reserve System in the United States. In 1907, Warburg published Defects and Needs of Our Banking System and A Plan for a Modified Central Bank. After the creation of the Federal Reserve in 1913, President Woodrow Wilson appointed Warburg to the first Federal Reserve Board where he served until 1918.
Following the twisting path of the Warburg family from Venice to Germany to England to the United States is a microcosm of the path to power, control and takeover of the American and British Empires by the Anglo-American Axis. A friendly competitor in the Axis, Mayer Amschel Rothschild best explained their "modus operandi" of subverting and controlling the political power in a nation when he frankly stated: "Give me control of a nation's money and I care not who makes her laws."
Hence, as these powerful, wealthy banking families seemingly wandered from nation to nation, there was method to their wanderings as in each country first they established major banking interests, then created central banks controlled by them, and finally, ended gold backing on the currency thus allowing them to create fiat currency at will. Consequently, their currency monopoly allowed them to create an unlimited stream of currency and wealth to buy and control banking and finance, industry, domestic and foreign policy and, of course, political control. This is how they have taken over much of the world.
This is why Paul Warburg along with other wealthy banking elites came to the United States from Europe and conspired to create America's central bank, the Federal Reserve System. Their parasitic goal was to subvert, take over and then live off the productive labor and free-market capitalist society of the United States along with its resources and work ethic. They have successfully achieved their goals in most wealthy nations and now they have one goal left: Total global governance/enslavement.
Background: Paul Warburg's family line extends from Anselmo del Banco, a wealthy Venetian family, sometime in the early 1500's. The origin of the del Banco family appears to be just west of Barcelona, Spain. Anselmo was the most prominent and wealthiest Jewish residents in the city and was granted a charter by the Venetian government to lend money with interest. When Venice established new restrictions on Jews, the family moved to Warburg in Germany and adopted the town name as their new surname. Later, Paul Warburg's great-grandfather founded the original M.M. Warburg & Company Bank in 1798.
Paul Warburg was born in Hamburg, Germany on August 10th, 1868. After completing his education, Warburg worked for banks in London and Paris. In 1891, after gaining some banking experience Warburg began working for the family banking firm of M.M. Warburg & Co. Later, Paul and his brother Felix immigrated to America in order to expand the family banking empire to the wealthy United States. Both married well, with Paul marrying into the Solomon Loeb family, founders of the investment bank, Kuhn, Loeb & Co. Felix married Freda Schiff, daughter of Jacob Schiff who ran Kuhn, Loeb. The intermarriage among the German-Jewish elite at that time was very common as they all had a common goal, the creation of a central bank for their benefit in the United States.
Warburg rose in power among the banking elites and in 1913, his goal was accomplished when the Federal Reserve was established. Warburg has the distinction of being called "the father of the Federal Reserve" but here at the Daily Bell, we view the Fed as a monopoly crime syndicate so it might be more appropriate to describe him as the "Godfather of the Federal Reserve."
Paul Warburg is also noted for his March 8, 1929 prophecy warning of the threatening economic disaster facing America because of the rampant stock market speculation on Wall Street. Of course, the Great Crash took place seven months later in October. Paul Warburg died on January 24, 1932.