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And the importance of that is
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The Spider's Web: Britain's Second Empire

And the importance of that is that you pretend it's not taking place in the economy where...

And the importance of that is that you pretend it's not taking place in the economy where it
really is taking place

Full Transcript

00:00:01.000 --> 00:00:02.039
And the importance of that is
00:00:02.039 --> 00:00:05.037
that you pretend it's not taking place
00:00:05.037 --> 00:00:07.846
in the economy where it really is taking place.
Duration
9 seconds
Views
23
Timestamp in Movie
00:06:12
Uploaded
Oct 30, 2025
Genres
documentary
Production
N/A

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Movie Summary

How Britain transformed from an imperial power to a financial power.
So you're taking activity from the place - The Spider's Web: Britain's Second Empire 00:09
So you're taking activity from the place
- [Narrator] When American banks realized - The Spider's Web: Britain's Second Empire 00:11
- [Narrator] When American banks realized
Around the same time as American banks - The Spider's Web: Britain's Second Empire 00:18
Around the same time as American banks
- Back in the '60s, - The Spider's Web: Britain's Second Empire 00:06
- Back in the '60s,
The stories go that the mosquitoes were so thick - The Spider's Web: Britain's Second Empire 00:09
The stories go that the mosquitoes were so thick
- [Narrator] Accountants and lawyers from London arrived - The Spider's Web: Britain's Second Empire 00:13
- [Narrator] Accountants and lawyers from London arrived
Because these jurisdictions' main selling point was secrecy, - The Spider's Web: Britain's Second Empire 00:09
Because these jurisdictions' main selling point was sec...
- What the Cayman Islands was doing - The Spider's Web: Britain's Second Empire 00:06
- What the Cayman Islands was doing
Drug money was coming in, in huge quantities, tax evasion. - The Spider's Web: Britain's Second Empire 00:06
Drug money was coming in, in huge quantities, tax evasion.
Whatever you wanted, you could have it. - The Spider's Web: Britain's Second Empire 00:05
Whatever you wanted, you could have it.
- [Narrator] The Bank of England was observing - The Spider's Web: Britain's Second Empire 00:25
- [Narrator] The Bank of England was observing
"There is of course no objection - The Spider's Web: Britain's Second Empire 00:16
"There is of course no objection
- These small territories, - The Spider's Web: Britain's Second Empire 00:10
- These small territories,
Seven of them are bonafide a tax haven, - The Spider's Web: Britain's Second Empire 00:09
Seven of them are bonafide a tax haven,
Some of the biggest tax havens - The Spider's Web: Britain's Second Empire 00:06
Some of the biggest tax havens
- [Narrator] With access to large amounts of offshore money, - The Spider's Web: Britain's Second Empire 00:08
- [Narrator] With access to large amounts of offshore money,
By 1980, it had reached $500 billion. - The Spider's Web: Britain's Second Empire 00:05
By 1980, it had reached $500 billion.
And by 1997, nearly 90% of all international loans were made - The Spider's Web: Britain's Second Empire 00:09
And by 1997, nearly 90% of all international loans were made
The British Empire had sunk, leaving hardly a trace behind. - The Spider's Web: Britain's Second Empire 00:07
The British Empire had sunk, leaving hardly a trace behind.
But the City of London adapted and survived. - The Spider's Web: Britain's Second Empire 00:06
But the City of London adapted and survived.