Inside the World’s Most Secretive Financial Institution: What It Has Done and Plans Next

Michelle Makori, Lead Anchor at Kitco News, interviews Adam LeBor, author of Tower of Basel, to uncover the secrets of the world’s most powerful financial institution, the Bank for International Settlements (BIS). LeBor explores the BIS’s controversial history, its role in global financial crises, and its influence on modern banking regulations. He explains the significance of gold in the BIS’s operations and delves into Project mBridge, highlighting its potential to reshape the global financial system. This must-watch interview sheds light on the elusive central bank of central banks and its future impact.

Recording date: October 21, 2024

This video is brought to you by *Goldback* --- Inflation-resistant, 24K gold currency.
_Protect your purchasing power, grow your wealth annually, and spend at over 2,000 businesses._
Learn where to get Goldbacks at *https://www.goldback.com/*

Follow Michelle Makori on X: @MichelleMakori (https://twitter.com/michellemakori)
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow)
Follow Adam LeBor on X: @adamlebor (https://x.com/adamlebor)

00:00 Introduction: the BIS
04:38 History of the BIS & Its Role in Global Finance
09:42 The BIS's Headquarters & Immunities
21:26 The BIS's Controversial Past
37:06 The London Gold Pool & Gold Manipulation
42:17 The BIS & the Euro
45:24 Post-War European Economy & the BIS
46:21 Formation of the European Central Bank
48:01 The Euro and National Sovereignty
54:18 BIS's Role in Financial Crises
55:58 Gold and the Basel Accords
57:27 Project mBridge & CBDCs
01:09:24 Concerns Over CBDCs & Financial Control

#BIS #centralbanks #monetarypolicy
__________________________________________________________________
Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news.

SUBSCRIBE to our channel to stay up to date on the latest market and industry news.

For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at https://www.kitco.com

To get market updates on the go, download the Kitco Gold Live! APP - https://applications.kitco.com

Stay connected:

Twitter - https://twitter.com/kitconewsnow
Instagram - https://www.instagram.com/kitconews
Facebook - https://www.facebook.com/KitcoNews
LinkedIn - https://www.linkedin.com/company/kitconews
StockTwits - https://stocktwits.com/kitconews

Live gold price and chart: https://www.kitco.com/gold-price-today-usa/
Live silver price and chart: https://www.kitco.com/Silver-price-today-USA/
Live crypto market data: https://www.kitco.com/price/crypto/

Learn more about Kitco News: https://www.kitco.com/news/about/

For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: www.kitco.com/advertising

Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.