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International banks from across the globe set up branches
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The Spider's Web: Britain's Second Empire

International banks from acrossthe globe set up branches in London and Britain'soffshore...

International banks from across
the globe set up branches in London and Britain's
offshore jurisdictions in order to take advantage
of this new system

Full Transcript

00:00:01.000 --> 00:00:04.048
International banks from across the globe set up branches
00:00:04.048 --> 00:00:07.032
in London and Britain's offshore jurisdictions
00:00:07.032 --> 00:00:11.264
in order to take advantage of this new system.
Duration
12 seconds
Views
17
Timestamp in Movie
00:31:11
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.
- This system has taken the place of the occupation, - The Spider's Web: Britain's Second Empire 00:10
- This system has taken the place of the occupation,
I don't know for England, but about the same time, - The Spider's Web: Britain's Second Empire 00:11
I don't know for England, but about the same time,
And when you look at the money flows - The Spider's Web: Britain's Second Empire 00:13
And when you look at the money flows
We are still plundering developing countries - The Spider's Web: Britain's Second Empire 00:08
We are still plundering developing countries
- [Narrator] Wealthy individuals, organized crime - The Spider's Web: Britain's Second Empire 00:12
- [Narrator] Wealthy individuals, organized crime
And as countries around the world began to deregulate - The Spider's Web: Britain's Second Empire 00:09
And as countries around the world began to deregulate
Today, as much as half - The Spider's Web: Britain's Second Empire 00:09
Today, as much as half
One of the losers is Africa, - The Spider's Web: Britain's Second Empire 00:10
One of the losers is Africa,
- I think it's no coincidence - The Spider's Web: Britain's Second Empire 00:12
- I think it's no coincidence
We tend to think of Africa as being a huge net debtor - The Spider's Web: Britain's Second Empire 00:15
We tend to think of Africa as being a huge net debtor
- [Narrator] The debt of Sub-Saharan African nations stood - The Spider's Web: Britain's Second Empire 00:07
- [Narrator] The debt of Sub-Saharan African nations stood
Yet the wealth these countries' elites had moved offshore - The Spider's Web: Britain's Second Empire 00:15
Yet the wealth these countries' elites had moved offsho...
Far from being a net debtor, Africa, Sub-Saharan Africa, - The Spider's Web: Britain's Second Empire 00:10
Far from being a net debtor, Africa, Sub-Saharan Africa,
- [Narrator] As capital moved offshore, - The Spider's Web: Britain's Second Empire 00:10
- [Narrator] As capital moved offshore,
Over time, these debts became so great - The Spider's Web: Britain's Second Empire 00:08
Over time, these debts became so great
Secrecy jurisdictions were starving developing nations - The Spider's Web: Britain's Second Empire 00:08
Secrecy jurisdictions were starving developing nations
- For a long time, a lot of developing countries, - The Spider's Web: Britain's Second Empire 00:13
- For a long time, a lot of developing countries,
During the financing for development process - The Spider's Web: Britain's Second Empire 00:13
During the financing for development process
So why would they not want - The Spider's Web: Britain's Second Empire 00:14
So why would they not want
As long as we have cross-border activity - The Spider's Web: Britain's Second Empire 00:12
As long as we have cross-border activity