One version says that the CFR is an organization sister to the Royal Institute of International Affairs (Britain), both founded in 1921 right after World War I when the League of Nations idea failed. The sole purpose of such organizations is to condition the public to accept a Global Governance which today is the United Nations. This is the true face of the so-called Globalists, and Centralized Power is what they are really after.
Another version says that the CFR was founded in 1911 by J.P. Morgan, John D. Rockefeller, and Paul Warberg as an agent for the Rothschild banking empire. They controlled all the money and they wanted to control all the news media to shape debate and channel people's thinking along manageable lines. This was supposed to have been reported and entered in the Congressional Record by House of Representatives by Oscar Calloway, in 1917, after his staff had researched and infiltrated this effort for several years.