Building Modern Babylon Alas, alas, that great city, that was clothed in fine linen, and purple, and scarlet, and decked with gold, and precious stones, and pearls! n tat 1947 ... for thy merchants were the great men of the earth; for by thy sorceries were all nations deceived. n tat 1a.Nn At the beginning of the 20th century, in New York, there began an association known as the "Money Trust.” This came about because of a combining of European and United States banking interests, and was centered around powerful American money barons such as J. P. Morgan, John D. Rockefeller, and Bernard Baruch. One of America's most powerful banking firms, Kuhn, Loeb and Company, with ties to the Rothschilds’ European banking dynasty, was also involved. In 1902, Paul Warburg (a German banker associated with the Rothschilds) came to the United States and was paid a $500,000 yearly salary while campaigning for the establishment of a central banking system. This system was patterned after the European system where the 80 Chapter 10 Revelation 18:16 Revelation 18:23