I discovered this book and its authors when researching a TV documentary for Canadian public television's investigative program THE FIFTH ESTATE, about our last WW2 war crimes suspect to face criminal prosecution, in 1993.
The book has since been updated and its conclusions expanded to encompass the amazing---but painstakingly researched and documented---conclusion that billions in Nazi assets were laundered to Argentina and elsewhere via the Vatican bank in 1945/6.
The architect of this scheme, corporate lawyer Allen Dulles, operating as US intelligence's chief spy in wartime Switzerland, would later head the CIA from 1953-1962. Dulles' clients included many German corporations and banks, as well as several Swiss banks and the Vatican itself. He was perfectly placed both to execute and to help his clients profit from the moneylaundering crime of the century.
Aarons and Loftus further detail how the entire Dulles/Swiss banks scheme hinged on the willing participation of the Vatican and its agents to move both Nazi war crimes suspects and the corporate assets of that regime---often part-owned by the giants of American commerce like Standard Oil, Dupont, etc---to Argentina.
The twists and turns of this non-fiction book are breathtaking: there are no heroes, only greed, expedience, and a blind eye turned toward those who perpetrated some of the worst crimes of this century...but who were thought to be useful in the West's fight against Communism.
That the very highest reaches of the Vatican were complicit is crystal-clear, despite recent denials. Even as this book sells, recenlty declassified files in the UK, Argentina, France, Italy, and Switzerland point to the Vatican's role in laundering the proceeds of Nazi criminality---proceeds which dwarf the earthly assets of the millions of Jews killed in the Final Solution now making the headlines.
The scholarship is impeccable and the conclusions inescapable: people are capable of anything in the name of temporal power---even the Pope himself. And in the end, the scheme to use the Ratline escape routes to smuggle Nazis and their loot out of Allied-occupied Europe was all for nought.
Why? Kim Philby had betrayed the entire ploy to Moscow. Stalin and his spies had the last laugh---and the West was seeded with the worst Nazis and their most ardent collaborators for the balance of the century.
This book puts the very best of espionage fiction to shame. Buy it and pass it on. Then read SECRET WAR AGAINST THE JEWS, the sprawling followup, a peek behind the veil---you'll see how the 20th Century really worked...the wars since 1939, secret or otherwise, were all about the struggle, not for peace and justice, but for oil.