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The Spider's Web: Britain's Second Empire

"It's just, we don't look at it." And they forbid him toinclude criminal money in the...

"It's just, we don't look at it." And they forbid him to
include criminal money in the balance of payments

Full Transcript

00:00:01.000 --> 00:00:03.501
"It's just, we don't look at it."
00:00:03.501 --> 00:00:07.251
And they forbid him to include criminal money
00:00:08.516 --> 00:00:09.864
in the balance of payments.
Duration
11 seconds
Views
16
Timestamp in Movie
00:40:40
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.
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
I went offshore specifically to work in that area, - The Spider's Web: Britain's Second Empire 00:12
I went offshore specifically to work in that area,
That way, I could see, from working - The Spider's Web: Britain's Second Empire 00:11
That way, I could see, from working
I had complete access to all the client files. - The Spider's Web: Britain's Second Empire 00:06
I had complete access to all the client files.
And over the course of my period of working - The Spider's Web: Britain's Second Empire 00:13
And over the course of my period of working
There was some insider traders, some market rigging, - The Spider's Web: Britain's Second Empire 00:17
There was some insider traders, some market rigging,
This is what the clients were doing. - The Spider's Web: Britain's Second Empire 00:05
This is what the clients were doing.