But, wherever the financial and political world centers may be, each country is separately handled. In every country—the United States, Mexico and the republics of South America; in France, England, Italy, Germany, Austria—yes, and in Japan—there is an international Jewish banking firm which stands at the head of the group for that country. Thus, the chief Jewish firm in the United States is Kuhn, Loeb & Company, of which one of the members is Paul M. Warburg, brother of M. Warburg & Company, of Hamburg; and another member of which is Otto H. Kahn, resident successively of Germany, Great Britain and the United States, and self-appointed financial spokesman for the United States to France and Great Britain. Great Britain and France seldom see a special American spokesman who is not a Jew. That may be the reason why they reciprocate by sending Jews to us, thinking perhaps that we prefer them. Paul M. Warburg was the inventor, perfector and director of the Federal Reserve System of the United States. He is not the only Jew in the Federal Reserve System, but he was the chief Jew there. His mind counted for a great deal. There were others in the war government, of course; Bernard M. Baruch; Eugene Meyer, Jr.; Hoover’s regiment of Jews; Felix Frankfurter; Julius Rosenwald—hundreds of them, and everywhere; but the financial group alone is receiving our attention just now, and they are not so notably successful in getting the country out of financial difficulty as they were in other lines of effort. The Federal Reserve System may not be a bad system, in spite of the fact that it yields government monetary functions to private financial corporations, but there are all sorts of testimony that it has been badly manipulated. Mr. Warburg, the reader will remember, spoke about certain things being “overcome in an administrative way,” showing that there was a certain amount of “play” or loose motion in the system which could be manipulated either way. The fact remains that the country went swimmingly through the war by reason of the assistance of the System, and is coming very lamely through the Peace, as the result, monetary experts say, of the hindrance of the same System. Mr. Warburg, whose name was so prominently connected with the advertisement of the glory of the System, must also stand being mentioned in connection with the criticism. Whatever money we are said to have as the per capita in the United States, it is a false statement. The money _per capita_ should always be figured on the basis of the money _in circulation_. The statistical “per capita” is not always in circulation. Less than half of it, as a rule. The rest is being juggled. Whatever the _gold_ in the country, the _wealth_ is still greater. There is more wealth in the United States than there is gold in the world. One year’s products of the farms of the United States exceeds in money value all the gold in the world.