Mr. Warburg is apparently quite disapproving of the treatment accorded alien enemy property “by some countries.” He quotes a French banker throughout—nationality not stated—and drives home his point. The French banker used as an illustration a possible war between England and France (this was only last year) and said that the bankers in each country would proceed to withdraw their mutual balances and securities, for fear of confiscation, and that such a course would precipitate a panic.
To which Mr. Warburg adds: “I think that our bankers ought carefully to study this very serious question. We have nothing to gain and much to lose by joining in a policy of disregarding the rights of private property. We shall probably, in the course of time, become the largest owners of foreign securities and properties, which would become endangered in case we were drawn into war. To me, however, it is of greater interest that nothing be done that might stand in the way of making the United States the gold reserve country of the world....”
Such talk passes with too little scrutiny. It bears a strong reflection of recent events which should not be overlooked. Moreover, it presents a grandiose vision which is supposed to command instant agreement because of its appeal to superficial national pride and selfish ambition.
If what Mr. Warburg says is an intimation that the International Jews are planning to move their money market to the United States, it is safe to say that the United States does not want it. We have the warning of history as to what this would mean. It has meant that in turn Spain, Venice, Great Britain or Germany received the blame and suspicion of the world for what the Jewish financiers have done. It is a most important consideration that most of the national animosities that exist today arose out of resentment against what the Jewish money power did under the camouflage of national names. “The British did this,” “the Germans did this,” when it was the International Jew who did it, the nations being but the marked spaces on his checker board.