Tower of Basel is the first investigative history of the world’s most secretive global financial institution. Based on extensive archival research in Switzerland, Britain, and the United States, and in-depth interviews with key decision-makers including Paul Volcker, the former chairman of the US Federal Reserve; Sir Mervyn King, governor of the Bank of England; and former senior Bank for International Settlements managers and officials.
Tower of Basel tells the inside story of the Bank for International Settlements (BIS): the central bankers’ own bank. Created by the governors of the Bank of England and the Reichsbank in 1930, and protected by an international treaty, the BIS and its assets are legally beyond the reach of any government or jurisdiction. The bank is untouchable.
Swiss authorities have no jurisdiction over the bank or its premises. The BIS has just 140 customers but made tax-free profits of $1.17 billion in 20112012.Since its creation, the bank has been at the heart of global events but has often gone unnoticed. Under Thomas McKittrick, the bank’s American president from 19401946, the BIS was open for business throughout the Second World War. The BIS accepted looted Nazi gold, conducted foreign exchange deals for the Reichsbank, and was used by both the Allies and the Axis powers as a secret contact point to keep the channels of international finance open.
After 1945 the BIS still behind the scenes for decades provided the necessary technical and administrative support for the trans-European currency project, from the first attempts to harmonize exchange rates in the late 1940s to the launch of the Euro in 2002. It now stands at the center of efforts to build a new global financial and regulatory architecture, once again proving that it has the power to shape the financial rules of our world. Yet despite its pivotal role in the financial and political history of the last century and during the economic current crisis, the BIS has remained largely unknown until now.
©2012 Adam LeBor (P)2013 Audible, Inc.
A great read and very informative. A drawback was the all the commentary regarding social consciousness. The author also addresses this bank at times as if it were a typical corporate entity.
Just the overall conspiracy of the banking cartel.
Just very well read on a difficult topic
Not really applicable here
"The Banking Masters Who Control the World"
Very interesting, not an easy read, lots of banking terms info etc. but something everyone needs to know and wake up to.
Not sure I would listen to it again, but I learned a lot and highly recommend it to anyone who believes that there are important global impact things at work in the world that are kept from us and that there are plans for the future of the planet and all of the people living here being created by people outside of our reach and without our knowledge. There are secret bankers who control the world economy and the book introduces you to them and explains the history of the bank and the people who created it and have run it for decades.
That there are actually a group of "secret" bankers that make a lot of world economic policy.
Very good job of matching the tone of his voice to the events as they unfold in the book.
When the American banker started helping the Nazi's.
In some ways, there is nothing surprising about this book because I believed this group existed. But my beliefs felt like conspiracy theories. Now I know this group of people exist and we know their names. It was like finding out that there are two people who work at the FBI named Mulder and Scully.
Whose idea was that?
This is not a novel or a play.
It's annoying and unecessary to have him put on French, German and US accents.
Will he talk like a woman if quoting one?
It is not him, it's the moron who told him him to put on different accents.
His normal voice is great.
Good book so far, aprt from the idiotic accent idea.
"Incredible story about the Bank no-one knows"
It's helpful to have read a few books on the economic time between the world wars. A good one would be Lords of Finance. It's shocking then, how important the BIS actually is, and how little one knows about history and objectives of this organization.
When I realized, that I stumbled over a really interesting book, and that my fear to have bought some absurd conspiracy theory was not relevant... The subtitle of the book somehow made it sound to me, like this may have also been a really odd read, but then it was a great account of the history of the BIS and actually, 'shadowy history' and 'runs the world' seem not to be far fetched in retrospect...
I felt intrigued. I was born in Germany and was surprised and shocked about the conduct of the bank during WWII.
If you're interested in modern history, politics and economics, this is an invaluable key to understanding the making of modern Europe.
"A must reading for ..."
...anyone who aspires to understand how and by whom strings of politics and economy are pulled and how the contemporary history is made. Fascinating book and well narrated.
"Facinating insight but not much gripping"
Better editing if th contnts. The book comes with an amazing storyline but its been written and narrated in rather boring and dull fashion. Its more like a 'here r the facts... But the ' stroytelling' element is missing.
Perhaps but wdnt look forward for a new book like i wd do for micheal lewis.
Art of 'story-telling' is missing in the book
Good plot , infact amazing eye-opener for ppl who r interested in banking !!!
A very captivating topic - for the book but neither the writing nor the reader cud manage to make it a compelling and gripping. Me half heard during 4 hr driving, but that aas 4 weeks back... I still drive but listning diff books..:( what a shame
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