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It's capital movements, and if you look
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The Spider's Web: Britain's Second Empire

It's capital movements, and if you look at the International Monetary Funds's monthly...

It's capital movements, and if you look at the International Monetary Funds's monthly International
Financial Statistics, you have sort of a
steady balance of trade, a steady immigrant's remittances

Full Transcript

00:00:01.000 --> 00:00:03.577
It's capital movements, and if you look
00:00:03.577 --> 00:00:06.056
at the International Monetary Funds's
00:00:06.056 --> 00:00:08.948
monthly International Financial Statistics,
00:00:08.948 --> 00:00:11.005
you have sort of a steady balance of trade,
00:00:11.005 --> 00:00:13.616
a steady immigrant's remittances.
Duration
15 seconds
Views
15
Timestamp in Movie
00:39:54
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.
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,
They put their money into real estate speculation, - The Spider's Web: Britain's Second Empire 00:09
They put their money into real estate speculation,
So the financialization - The Spider's Web: Britain's Second Empire 00:26
So the financialization
- [Narrator] With the silent backing of the United States, - The Spider's Web: Britain's Second Empire 00:08
- [Narrator] With the silent backing of the United States,
And before long, the offshore system developed - The Spider's Web: Britain's Second Empire 00:09
And before long, the offshore system developed
Few were aware how this market functioned. - The Spider's Web: Britain's Second Empire 00:06
Few were aware how this market functioned.
In 1986, economist John Christensen - The Spider's Web: Britain's Second Empire 00:08
In 1986, economist John Christensen
He applied for a position at the Jersey office - The Spider's Web: Britain's Second Empire 00:07
He applied for a position at the Jersey office
- At Deloitte Touche, I was working - The Spider's Web: Britain's Second Empire 00:09
- At Deloitte Touche, I was working