Paul Warburg was born in Germany, he was a naturalized American citizen...... the Federal Reserve System was modeled very closely after the Bank of England. It was what the textbooks call a "central bank". That's just a code word. It doesn't really mean anything. It's not a bank at all....... What it basically is, is a cartel - it's a partnership between the government and the private banks. ......the cartel went into partnership with the federal government - and cartels like to do that because only governments can enforce the cartel agreements. ....... In this case, the banking cartel was very eager to get the United States government into the contract so that all of the banks - once they were in the cartel - had to follow the cartel agreements or else they would be violating the law and then the police could be brought after them.....cartels always have an affinity to government to enforce their cartel agreement. Interview with G. Edward Griffin, Author of 'The Creature from Jekyll Island'
It was Paul Warburg who was a master at all of this. I think he had more experience with this central bank mechanism than all of the rest of them put together. So he was the technician - but also, we mustn't forget that all throughout his business career he maintained a close relationship with his brother, Max Warburg, who was head of the Warburg Banking Consortium in Germany and the Netherlands. Not only that, he was a senior partner in Kuhn-Loeb & Company, which was one of the giant investment firms in New York, and as such they handled the financial affairs of the Rothschilds. So, he was well-connected at several different levels, as you can imagine. Paul Warburg is really the role model for the Little Orphan Annie caricature called "Daddy Warbucks". Everybody at the time knew that Paul Warburg was "Daddy Warbucks". Interview with G. Edward Griffin, Author of 'The Creature from Jekyll Island'