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It lost money, but the government went to Chase
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The Spider's Web: Britain's Second Empire

It lost money, but thegovernment went to Chase, because it said if youdon't get this money...

It lost money, but the
government went to Chase, because it said if you
don't get this money that's being thrown off by
the military in Vietnam, then it's going to go into French banks

Full Transcript

00:00:01.000 --> 00:00:04.388
It lost money, but the government went to Chase,
00:00:04.388 --> 00:00:07.197
because it said if you don't get this money
00:00:07.197 --> 00:00:10.889
that's being thrown off by the military in Vietnam,
00:00:10.889 --> 00:00:12.537
then it's going to go into French banks.
Duration
14 seconds
Views
15
Timestamp in Movie
00:37:59
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.
It'll get the general to go, - The Spider's Web: Britain's Second Empire 00:05
It'll get the general to go,
That's what the United States was trying to stop. - The Spider's Web: Britain's Second Empire 00:06
That's what the United States was trying to stop.
- [Narrator] The US was not successful - The Spider's Web: Britain's Second Empire 00:06
- [Narrator] The US was not successful
So it began to hatch a different plan. - The Spider's Web: Britain's Second Empire 00:06
So it began to hatch a different plan.
In 1967, Michael Hudson was handed a memo - The Spider's Web: Britain's Second Empire 00:08
In 1967, Michael Hudson was handed a memo
- In 1967, I was given - The Spider's Web: Britain's Second Empire 00:22
- In 1967, I was given
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."