To watch in HD, get ClipCafe PRO
In 1967, I was given
Please log in to add to collections.
The Spider's Web: Britain's Second Empire

In 1967, I was given by a former State Department employee, in the elevator at Chase...

In 1967, I was given by a former State Department employee, in the elevator at Chase Manhattan, a memo from the State Department urging that Chase Manhattan would take the lead in helping the United States
become the Switzerland of the world, meaning the flight capital

Full Transcript

00:00:01.000 --> 00:00:02.833
- In 1967, I was given
00:00:04.037 --> 00:00:07.131
by a former State Department employee,
00:00:07.131 --> 00:00:09.358
in the elevator at Chase Manhattan,
00:00:09.358 --> 00:00:12.175
a memo from the State Department urging
00:00:12.175 --> 00:00:14.739
that Chase Manhattan would take the lead
00:00:14.739 --> 00:00:18.847
in helping the United States become the Switzerland
00:00:18.847 --> 00:00:20.815
of the world, meaning the flight capital.
Duration
22 seconds
Views
13
Timestamp in Movie
00:38:33
Uploaded
Oct 30, 2025
Genres
documentary
Production
N/A

Want This Clip in HD?

Upgrade for HD/4K downloads and unlimited access. Upgrade now →

Movie Summary

How Britain transformed from an imperial power to a financial power.
The State Department, through Chase, asked me - The Spider's Web: Britain's Second Empire 00:13
The State Department, through Chase, asked me
The plan was to organize offshore banking centers - The Spider's Web: Britain's Second Empire 00:08
The plan was to organize offshore banking centers
And the hot money wouldn't come directly into Chase, - The Spider's Web: Britain's Second Empire 00:09
And the hot money wouldn't come directly into Chase,
What happened was that the Latin American criminals, - The Spider's Web: Britain's Second Empire 00:20
What happened was that the Latin American criminals,
- [Narrator] By moving offshore dollars back - The Spider's Web: Britain's Second Empire 00:11
- [Narrator] By moving offshore dollars back
- Every country looks to its foreign exchange rate. - The Spider's Web: Britain's Second Empire 00:06
- Every country looks to its foreign exchange rate.
The foreign exchange rate is not only imports and exports. - The Spider's Web: Britain's Second Empire 00:05
The foreign exchange rate is not only imports and exports.
It's capital movements, and if you look - The Spider's Web: Britain's Second Empire 00:15
It's capital movements, and if you look
What goes up and down are called errors and omissions. - The Spider's Web: Britain's Second Empire 00:05
What goes up and down are called errors and omissions.
What the United Nations and the IMF call errors - The Spider's Web: Britain's Second Empire 00:07
What the United Nations and the IMF call errors
It's the reason that it's omitted is they don't like - The Spider's Web: Britain's Second Empire 00:07
It's the reason that it's omitted is they don'...
In the 1930s, Roy Ovid Hall, - The Spider's Web: Britain's Second Empire 00:13
In the 1930s, Roy Ovid Hall,
I was told, in Washington, the argument was, - The Spider's Web: Britain's Second Empire 00:07
I was told, in Washington, the argument was,
"It's just, we don't look at it." - The Spider's Web: Britain's Second Empire 00:11
"It's just, we don't look at it."
You don't call it criminal inflow and outflow. - The Spider's Web: Britain's Second Empire 00:06
You don't call it criminal inflow and outflow.
- [Narrator] In the 1960s and '70s, Britain was faced - The Spider's Web: Britain's Second Empire 00:08
- [Narrator] In the 1960s and '70s, Britain was faced
Money was flowing out, - The Spider's Web: Britain's Second Empire 00:07
Money was flowing out,
Britain realized that it too could support the value - The Spider's Web: Britain's Second Empire 00:12
Britain realized that it too could support the value
But just as in the United States, - The Spider's Web: Britain's Second Empire 00:07
But just as in the United States,
- The British banks today, just as in the 19th century, - The Spider's Web: Britain's Second Empire 00:09
- The British banks today, just as in the 19th century,