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[Narrator] Economist John Christensen
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The Spider's Web: Britain's Second Empire

Economist John Christensen was an economic adviser tothe secrecy jurisdiction of Jersey...

[Narrator] Economist John Christensen was an economic adviser to
the secrecy jurisdiction of Jersey for 10 years

Full Transcript

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- [Narrator] Economist John Christensen
00:00:03.008 --> 00:00:05.396
was an economic adviser to the secrecy jurisdiction
00:00:05.396 --> 00:00:07.627
of Jersey for 10 years.
Duration
9 seconds
Views
23
Timestamp in Movie
00:18:26
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.
We're talking now about trillions, - The Spider's Web: Britain's Second Empire 00:10
We're talking now about trillions,
For tax purposes and for other purposes, - The Spider's Web: Britain's Second Empire 00:06
For tax purposes and for other purposes,
Everything, works of arts, gold bullion, - The Spider's Web: Britain's Second Empire 00:17
Everything, works of arts, gold bullion,
Now think that one through, 'cause we are talking - The Spider's Web: Britain's Second Empire 00:13
Now think that one through, 'cause we are talking
- Well, the Cayman Islands are among several - The Spider's Web: Britain's Second Empire 00:11
- Well, the Cayman Islands are among several
The countries are now required - The Spider's Web: Britain's Second Empire 00:09
The countries are now required
- It's important that the Cayman Islands - The Spider's Web: Britain's Second Empire 00:11
- It's important that the Cayman Islands
And I think this importantly reflects - The Spider's Web: Britain's Second Empire 00:13
And I think this importantly reflects
- The trust lies at the core of the British secrecy model. - The Spider's Web: Britain's Second Empire 00:05
- The trust lies at the core of the British secrecy model.
The British, of course, are only too willing - The Spider's Web: Britain's Second Empire 00:08
The British, of course, are only too willing
- [Narrator] Trusts are the basic building block - The Spider's Web: Britain's Second Empire 00:11
- [Narrator] Trusts are the basic building block
Every secrecy jurisdiction offers a specific set - The Spider's Web: Britain's Second Empire 00:11
Every secrecy jurisdiction offers a specific set
The combination of these services - The Spider's Web: Britain's Second Empire 00:14
The combination of these services
- An offshore structure will often have a trust kind - The Spider's Web: Britain's Second Empire 00:07
- An offshore structure will often have a trust kind
The trust will be here, managing the assets, - The Spider's Web: Britain's Second Empire 00:06
The trust will be here, managing the assets,
Underneath it, the trust will own some shell companies. - The Spider's Web: Britain's Second Empire 00:06
Underneath it, the trust will own some shell companies.
These trustees are somewhere else, - The Spider's Web: Britain's Second Empire 00:10
These trustees are somewhere else,
Each of these companies might then own assets. - The Spider's Web: Britain's Second Empire 00:05
Each of these companies might then own assets.
So they might own a bank account, a racehorse, a yacht, - The Spider's Web: Britain's Second Empire 00:11
So they might own a bank account, a racehorse, a yacht,
- [Narrator] There are numerous variations of trusts - The Spider's Web: Britain's Second Empire 00:07
- [Narrator] There are numerous variations of trusts