Tower of Basel: The Shadowy History of the Secret Bank that Runs the World

"Tower of Basel" by Adam LeBor examines the history and influence of the Bank for International Settlements (BIS), particularly focusing on its confidential nature and connections with powerful figures and institutions across different eras. The text explores the BIS's origins in the context of German World War I reparations, highlighting key individuals like Montagu Norman and Hjalmar Schacht who were instrumental in its creation. It further details the bank's operations and controversial activities during World War II, including its dealings with Nazi Germany and its role in managing reparations and international financial flows. The latter part of the excerpts discusses the BIS's adaptation to the postwar financial landscape, its role in European economic integration and the creation of the euro, and its continued function as a discreet meeting place for central bankers, while also addressing criticism regarding its secrecy and accountability.