As the Federal Reserve system celebrates its centenary, chairman Ben Bernanke prepares to pass the baton. President Obama has now appointed Bernanke's lieutenant Janet Yellen and his mentor Stanley Fischer to assume the top positions on the board. Professor Fischer, the "most influential money printer in the world", is an Israeli citizen and recent chairman of the Central Bank of Israel.

"[Obama] also named Lael Brainard and Jerome Powell to positions as governors on the seven-member Federal Reserve Board... All four of these Obama nominees...are not only members but high-level operatives of the Council on Foreign Relations (CFR)... Stanley Fischer was named this past September to be a 'distinguished fellow' in residence at Pratt House, the CFR's New York City headquarters...

This curious Pratt House influence extends back over the past century to the founding era of the Fed, to such top Wall Street insiders as Paul Warburg who was the chief architect of, and propagandist for, the Federal Reserve Act, and one of the founding directors of the CFR. Warburg's CFR confreres who have served as Fed chairmen include Eugene Meyer (1930-33), Eugene Black (1933-34), Thomas B. McCabe (1948-51), William McChesney Martin (1951-70), Arthur F. Burns (1970-78), G. William Miller (1978-79), Paul A. Volcker (1979-87), and Alan Greenspan (1987-2006)."

-- William F. Jasper article

Why is it that every Fed chairman for the past half century, with one brief exception, has also been Jewish? Are there no other qualified candidates? Whose interests do they serve? Consider the exponential increase in public debt and the interest paid to the banking syndicate during that period. Consider the recent multi-billion dollar "bailouts" of unaccountable crony firms such as Goldman Sachs and AIG.

"When we talk about the Federal Reserve...we are overlooking something very important: Bernanke and Yellen are mere employees of the Federal Reserve, not the owners. And we don't know who the owners are... The Fed is a private banking group that has been given a monopoly on the creation of US currency, and the list of its [real] owners is a closely held secret... So, who are the people that Bernanke and Yellen take orders from? What do these people want? What are their long-term asset positions? Who might they protect, aside from themselves?... A large 'black box' sits in the center of our analysis, and we don't know what's happening inside of it. The people who can see inside of that black box - and there are some, whose secrecy is protected at the highest levels - have a gigantic advantage over all other investors and analysts."

-- Paul Rosenberg article

For background, there are several articles in our collection regarding the establishment of the privately owned Federal Reserve and the founding of the CFR, including the key role of Rothschild agent Paul Warburg. It should be evident what the chief architect of the Fed and co-founder of the CFR had in mind when he referred to "OUR banking system" over a century ago.

"Although many had a hand, or thought they had, in fashioning the Federal Reserve legislation, essentially the system was the brain child of one man: Paul Warburg , brother of Max Warburg... Paul Moritz Warburg (1868-1932) descended from the German banking family of Oppenheim. After early training in the offices of Samuel Montagu and Co. in London and the Banque Russe Pour le Commerce Etranger in Paris, Warburg entered the family banking house of M.M. Warburg & Co. in Hamburg. In 1902 Warburg became a partner in the New York banking house of Kuhn, Loeb and Co. [after marrying Loeb's daughter] while continuing as a partner in Warburg's of Hamburg. Five years later, in the wake of the [staged] financial panic of 1907, Warburg wrote two pamphlets on the U.S. banking system: "Defects and Needs of Our Banking System" and "A Plan for a Modified Central Bank".

-- From "Wall Street and FDR", chapter 6, by Antony Sutton

"The man who was to play the most significant part in providing America with that central bank was Paul Warburg, who along with his brother Felix had immigrated to the United States from Germany in 1902. They left brother Max (later a major financier of the Russian Revolution) at home in Frankfurt to run the family bank ( M.M. Warburg and Company). Paul Warburg married Nina Loeb, daughter of Solomon Loeb of Kuhn, Loeb and Company, America's most powerful international banking firm. Brother Felix married Frieda Schiff, daughter of Jacob Schiff, the ruling power behind Kuhn, Loeb. Stephen Birmingham writes in his authoritative book "Our Crowd": 'In the eighteenth century the Schiffs and Rothschilds shared a double house' in Frankfurt. Schiff reportedly bought his partnership in Kuhn, Loeb with Rothschild money. Both Paul and Felix Warburg became partners in Kuhn, Loeb and Company.

In 1907, the year of the Morgan-precipitated panic, Paul Warburg began spending almost all of his time writing and lecturing on the need for "bank reform." Kuhn, Loeb and Company was sufficiently public spirited about the matter to keep him on salary at $500,000 per year while for the next six years he donated his time to "the public good." Working with Warburg in promoting this "banking reform" was Nelson Aldrich, known as "Morgan's floor broker in the Senate." Aldrich's daughter Abby married John D. Rockefeller Jr. (the [former] Governor of New York -- Nelson Aldrich Rockefeller -- is named for his maternal grandfather).

After the Panic of 1907, Aldrich was appointed by the Senate to head the National Monetary Commission. Although he had no technical knowledge of banking, Aldrich and his entourage spent nearly two years and $300,000 of the taxpayers' money being wined and dined by the owners of Europe's central banks as they toured the Continent "studying" central banking. When the Commission returned from its luxurious junket it held no meetings and made no report for nearly two years. But Senator Aldrich was busy "arranging" things. Together with Paul Warburg and other international bankers, he staged one of the most important secret meetings in the history of the United States... "

-- From "None Dare Call it Conspiracy", chapter 3, by Gary Allen

"In 1814, the Warburgs became one of the first affiliates of N.M. Rothschild of London. They were related to the leading banking families of Europe: the Rosenbergs of Kiev, the Gunzburgs in St. Petersburg, the Oppenheims and Goldschmidts in Germany. Moritz Warburg was apprenticed to the Rothschilds in Italy and Paris, and later married Charlotte Oppenheim, whose family were diamond merchants in Frankfort. They had five sons, known as "the Five Hamburgers": the oldest, Aby, founded the Warburg Institute; Max financed the German struggle in World War I and later, the Nazi regime; Dr. Fritz Warburg was German commercial attache in Stockholm during World War I; Paul and Felix emigrated to America and joined the firm of Kuhn, Loeb & Co. with Jacob Schiff, who had been born in the Rothschild house in Frankfort. Paul Warburg wrote the Federal Reserve Act and saw it through Congress. He also represented the U.S. at the Versailles Peace Conference [after World War I], while his brother Max represented German interests."

"The Federal Reserve Act was legislated through Congress as the Glass-Owen bill, backed by two Democrats, Congressman Carter Glass of Virginia, and Sen. Robert Owen of Oklahoma. Owen was persuaded to back the bill by Samuel Untermyer, who...flattered Owen by entertaining him at Greystone, his palatial Hudson River estate. Untermyer claimed to be a "progressive Democrat", although he lived in feudal splendor, employing 167 men to tend his expanse of orchids and greenhouses. At Greystone, Owen dined with Paul Warburg, Bernard Baruch, and other financiers who had been instructed to get the Federal Reserve Act passed. Owen, a former Indian agent who knew little about finance, was easily persuaded by Paul Warburg's doctrinaire pronunciamentos about "our antiquated banking system", which must be brought up to par with the 'more modern' banking system of Europe."

-- From "The World Order", chapter 4, by Eustace Mullins

"After our entry into World War I, Woodrow Wilson turned the government of the United States over to a triumvirate of his campaign backers: Paul Warburg, Bernard Baruch and Eugene Meyer. Baruch was appointed head of the War Industries Board, with life and death powers over every factory in the United States. Eugene Meyer was appointed head of the War Finance Corporation, in charge of the loan program which financed the war. Paul Warburg was in control of the nation's banking system."

-- From "Secrets of the Federal Reserve", chapter 8, by Eustace Mullins

Not much has changed, except for the degree of consolidation and control. Kuhn, Loeb & Co. was acquired by Lehman Brothers, which was later absorbed by BlackRock -- still firmly in the hands of "Our Crowd", along with Goldman Sachs, AIG, and the rest.

"[Our Crowd] offers an insider's view of one of the wealthiest segments of an affluent city: Jewish upper-class life in New York. Working with diaries, letters, and personal reminiscences supplied by members of interwoven families - Loeb, Lehman, Straus, Seligman, and Guggenheim, among others - Birmingham has assembled a composite portrait. His tales are set within a world of numbing opulence - Fifth Avenue mansions, chateaux on Long Island, castles in Westchester, vast art collections -- with millions given away so quietly and steadily that they have never properly been counted."

-- "Our Crowd: The Great Jewish Families of New York", by Stephen Birmingham, 1967

It is easy to be generous with other people's money, especially when the largess is going to support your own clan:

"A record breaking $23 million was raised at the annual gala dinner of the UJA-Federation of New York's Wall Street and Financial Services Division... Distinguished guests of honor included Robert S. Kapito, president of BlackRock Inc., an American multinational investment management corporation and the world's largest asset manager...

Rabbi Haskel Lookstein, the spiritual leader of Congregation Kehilath Jeshurun on the Upper East Side of Manhattan delivered the invocation while Cantor Angela Buchdahl led the dinner guests in the traditional blessings that are recited over the lighting of the Chanukah menorah. In unison, the attendees then sang 'Maoz Tzur' with great enthusiasm... "[You have] enabled us to respond quickly to urgent needs here in New York and in Israel. Your generosity, your support of our annual campaign and endowment, is what makes it all possible."...

Receiving the Gustave L. Levy Award -- which is considered a pre-eminent honor in the industry -- was Robert S. Kapito, 55, of BlackRock. This auspicious award recognizes a leader in the Wall Street community for both exceptional professional achievements and an enduring commitment to the UJA-Federation. The award was named for the leader of Goldman Sachs in the 1960s and 70s."

-- Jewish Voice, Dec 2012

Here is an excerpt from the "Maoz Tzur" that these Jewish oligarchs sing -- in unison -- with such "great enthusiasm", according to the Chabad Lubavitch sect:

"Restore my House of Prayer and there we will bring a thanksgiving offering
When you will have prepared the slaughter for the blaspheming foe...

Avenge the vengeance of your servants' blood from the wicked nation
For the triumph is too long delayed for us, and there is no end to days of evil..."

-- Maoz Tzur, from Chabad.org

Note that the "house of prayer" refers to the Temple in Jerusalem, while the "blaspheming foes" and "wicked nations" include anyone who is not a "son of the Covenant" -- especially Christians and Muslims.