|By 1914, as we have already seen, the interests of Britain and the Anglo-Persian Oil Company had
become inseparable, and British foreign policy and the Rothschild Banking family foreign policy
became one and the same. During this period of purported U.S. neutrality from 1914 to 1917,
American sentiment was shifted gradually but inexorably toward a pro-Ally, pro-war position, first
because of the sophisticated British propaganda campaign, and later from the increasing pressure
from business and corporate elite on both sides of the Atlantic who had a financial and commercial
stake in a British and French victory.
American business was soon booming from the war in Europe. Between 1914 and 1917, the
American GNP was up 20% and manufacturing was up 40%. Allied Powers purchased over 3 billion
dollars in wartime orders and borrowed over 2 billion dollars in bonds, compared to twenty million in
Central power bonds. The British surface naval blockade of Germany ensured that American trade
was almost exclusively with the Allies.
As early as 1915, the United States, not yet involved in the War, had loaned France and Great
Britain millions of dollars through American banks. Had Germany won, those bonds held by
American bankers would have been worthless. By the spring of 1917, American bankers had loaned
the Allies almost $3 billion dollars plus another $6 billion for exports, and the steel, munitions,
chemical and agricultural industries had all become dependent on the war for profit. Lastly, some of
the democrats (and Woodrow Wilson's biggest financial backers) had vested personal financial
interests with Britain and France. How did this happen?
The financial aspect of the conflict which became known as World War One is too vast to relate
here with the respect the subject deserves, but let it suffice to point out that World War One elevated
approximately 21,000 US investors into the brackets of millionaires and billionaires. The
Rockefellers alone, who displayed great eagerness for the US to enter World War One on the British
side, made in excess of $200,000,000 from that conflict, and in just one afternoon during the war,
Bernard Baruch, Wilson's Czar of American Industry and part of the commission that handled all
purchasing for the Allies during the war, made a personal profit of $750,000.00.
The Federal Reserve System, which began operations in 1914, was the vehicle which in effect
forced the American people, without them even knowing it, to lend the Allies twenty-five billion
dollars in loans which went unpaid, although the interest on the loans was indeed paid... to New
York bankers. The cartel of the Rothschilds and the Bank of England and other London banking
houses which ultimately controlled the Federal Reserve Banks through their controlling amounts of
bank stock (along with that of their subsidiary firms in New York, J.P. Morgan Co. and Kuhn, Loeb
& Co., etc.) directed the successful campaign to have the plan enacted into law by Congress. These
very firms had their principal officers appointed to the Federal Reserve Board of Governors and the
Federal Advisory Council in 1914.
The banking and business elites salivating for war included J. Henry Schroder Banking Company,
the Rockefellers, the Eugene Meyer family, J.P. Morgan, Alex Brown & Sons, Kuhn Loeb & Co.,
the Rothschilds, the Warburgs, the Baruch and Guggenheim families and a few others who weaved a
tightly connected web of power, money, arms and influence for their own financial gains. Their
mutual influence on world affairs often crossed as they financed all sides for a continual, profit
J. P. Morgan, Jr., one of the signatories to the establishment of the Federal Reserve in 1913, played
a prominent role in the financial aspects of war mongering. It was he who made the first loan of
$12,000,000 to Russia, and in 1915, a loan of $50,000,000 to the French Government. All of the
munitions purchases in the United States by the British were made through one of his firms, and he
organized a syndicate of about 2,200 banks and floated a loan of $500,000,000 to the Allies.
J.P. Morgan also received the proceeds of the First Liberty Loan to pay off $400,000,000 which he
in turn advanced to Great Britain at the outbreak of war. By 1917, the Morgans and Kuhn, Loeb
Company had floated a billion and a half dollars in loans to the Allies. The bankers also financed a
slew of pro-war (disingenuously named "peace") organizations which prodded US citizens to become
involved in the War. The "Commission for Relief in Belgium" made up grisly atrocity stories against
the Germans, while a Carnegie organization called the "League to Enforce Peace" (later, the
Carnegie Endowment for International Peace) agitated in Washington for US entry into war.
Sometimes, the bankers financed both sides. The Rothschilds' agents, the Warburg banking house,
were financing the Kaiser. Paul Warburg, a naturalized citizen from Germany who had been
decorated by the Kaiser in 1912, was vice chairman of the Federal Reserve Board. He had also
handled large sums furnished by Germany for Lenin and Trotsky while his brother Max (who was
Kaiser Wilhelm’s personal banker) was the leader of the German espionage system! It was this
brother, Max, who authorized Lenin's train to pass through the lines and execute the Bolshevik
Revolution in Russia. Jacob Schiff, like the Warburgs, also had two brothers in Germany during the
war, Philip and Ludwig, who also were active as bankers to the German Government.
The Rothschilds meanwhile bought the German news agency, Wolff, to further control the flow of
information to the German people and what the rest of the world would hear from inside Germany.
One of the leading executives of Wolff was none other than Max Warburg! The Rothschilds would
later buy an interest in the Havas news agency in France and Reuters in London. The tentacles of
the banking families reached deep into the power elites: Dr. von Bethmann Hollweg, was the son of
Moritz Bethmann from the Frankfurt banking family of Frankfurt, a cousin of the Rothschilds.
Kuhn, Loeb & Co. represented the Rothschild interests in the US, and along with the Harrimans, the
Goulds and the Rockefellers, became the dominant powers in the railroad and America financial
world while they war-mongered to fatten themselves even more. The first available appointment on
the Supreme Court of the United States which Woodrow Wilson filled was given to Kuhn-Loeb
lawyer Louis Brandeis who had been selected by Jacob Schiff to carry on war agitation. Through
marriage, the Kuhn Loeb Company managed to twine itself throughout the U.S. Food
Administration, the British Secret Service and the Wilson White House. And on and on and on it
went, like a ball of twine, tangling and tying the bankers, their progeny and their friends together for
war and profits.
On October 13, 1917, Woodrow Wilson stated: "It is manifestly imperative that there should be a
complete mobilization of the banking reserves of the United States. The burden and the privilege (of
the Allied loans) must be shared by every banking institution in the country. I believe that
cooperation on the part of the banks is a patriotic duty at this time, and that membership in the
Federal Reserve System is a distinct and significant evidence of patriotism."
That "patriotism" served the bankers and their cronies well, although it did little for the people of
America who sacrificed their sons, fathers, brothers and husbands to a bloody, needless war.
|T'was a long, long Money Trail a'winding
|Kuhn, Loeb, Bernard Baruch, J.P. Morgan, Eugene Meyer,
Paul Warburg, Max Warburg, Jacob Schiff, Louis Brandeis, Alfred Rothschild
|The Bankers ~ T'was a long, long Money Trail a'winding