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I came away with a good understand of the BIS, whereas I had none before. Overall, a great read for better understanding of global finance and the linkages between BIS and other major entities like sovereign Central Banks, IMF snd private sector international banks. Covers the good, bad, a balanced presentation. From 20th century to present.
The past history was designed by honest ambition but had terrible mistakes to supporting the Nazis from the director, it also shows the fallibility of a republic powerful institution to the need of being more democratic, open and transparent w/ freedom of information in transactions etc.
What made the experience of listening to Tower of Basel the most enjoyable?
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.
What was one of the most memorable moments of Tower of Basel?
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...
Did you have an emotional reaction to this book? Did it make you laugh or cry?
I felt intrigued. I was born in Germany and was surprised and shocked about the conduct of the bank during WWII.
5 of 5 people found this review helpful
If you're interested in modern history, politics and economics, this is an invaluable key to understanding the making of modern Europe.
2 of 2 people found this review helpful