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daughter of Solomon Loeb (the younger sister of Schiff’s wife); while Felix, in March, 1895,
married Frieda Schiff, the daughter of Jacob Schiff.
Their brother Max (1867-1946), a major financier of the Russian Revolution (who in his
capacity as Chief of Intelligence in Germany’s Secret Service, helped Lenin cross Germany into
Russia in a sealed train) and later Hitler, ran the Hamburg bank until 1938, when the Nazis took
over. The Nazis, who didn’t want the Jews running the banks, changed its name to Brinckmann,
Wirtz and Co. After World War II, a cousin, Eric Warburg, returned to head it, and in 1970, its
name was changed to M. M. Warburg, Brinckmann, Wirtz and Co.
Siegmund Warburg, Eric’s brother, established the banking firm of S. G. Warburg and Co. in
London, and by 1956, had taken over the Seligman Brothers’ Bank.
The Warburgs are another good example of how the Illuminati controls both sides of a war.
While Paul Warburg’s firm of Kuhn, Loeb and Co. (who had five representatives in the U.S.
Treasury Department) was in charge of Liberty Loans, which helped finance World War I for the
United States, his brother Max financed Germany, through M. M. Warburg and Co.
Paul and Felix Warburg were men with a mission, sent here by the Rothschilds to lobby for
the passing of a central banking law in Congress. Colonel Ely Garrison (the financial advisor to
Presidents Theodore Roosevelt and Woodrow Wilson) wrote in his book Roosevelt, Wilson and
the Federal Reserve Act: “Mr. Paul Warburg is the man who got the Federal Reserve Act
together after the Aldrich Plan aroused such nationwide resentment and opposition. The
mastermind of both plans was Alfred Rothschild of London.” Professor E. R. A. Seligman, head
of the Economics Department of Columbia University, wrote in the preface of one of Warburg’s
essays on central banking: “The Federal Reserve Act is the work of Mr. (Paul) Warburg more
than any other man in the country.”
In 1903, Paul Warburg gave Schiff a memo describing the application of the European
central banking system to America’s monetary system. Schiff, in turn, gave it to James Stillman,
President of the National City Bank in New York City. Warburg had graduated from the
University of Hamburg in 1886, and studied English central banking methods, while working in
a London brokerage house. In 1891, he studied French banking methods; and from 1892-93,
traveled the world to study central banking applications. The bottom line, was that he was the
foremost authority in the world on central banking. It is interesting to note, that the fifth plank in
the 1848 Communist Manifesto had to do with central banking.
In 1906, Frank A. Vanderlip, of the National City Bank, convinced many of New York’s
banking establishment, that they needed a banker-controlled central bank, that could serve the
nation’s financial system. Up to that time, the House of Morgan had filled that role. Some of the
people involved with Morgan were: Walter Burns, Clinton Dawkins, Edward Grenfell, Willard
Straight, Thomas Lamont, Dwight Morrow, Nelson Perkins, Russell Leffingwell, Elihu Root,
John W. Davis, John Foster Dulles, S. Parker Gilbert, and Paul D. Cravath. The financial panics
of 1873, 1884, 1893, 1907, and later 1920, were initiated by Morgan with the intent of pushing
for a much stronger banking system.
On January 6, 1907, the New York Times published an article by Warburg, called “Defects
and Needs of Our Banking System,” after which he became the leading exponent of monetary
reform. That same year, Jacob Schiff told the New York Chamber of Commerce, that “unless we
have a Central Bank with adequate control of credit resources, this country is going to undergo
the most severe and far reaching money panic in history.” When Morgan initiated the economic
panic in 1907, by circulating rumors that the Knickerbocker Bank and Trust Co. of America was
going broke, there was a run on the banks, creating a financial crisis, which began to solidify