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[Narrator] Worldwide, developing countries lose
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The Spider's Web: Britain's Second Empire

Worldwide,developing countries lose over a trillion dollars every year in capital flight...

[Narrator] Worldwide,
developing countries lose over a trillion dollars every year in capital flight and tax evasion

Full Transcript

00:00:01.000 --> 00:00:03.298
- [Narrator] Worldwide, developing countries lose
00:00:03.298 --> 00:00:05.486
over a trillion dollars every year
00:00:05.486 --> 00:00:08.319
in capital flight and tax evasion.
Duration
9 seconds
Views
17
Timestamp in Movie
00:36:27
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.
Most of this wealth flows into large western nations, - The Spider's Web: Britain's Second Empire 00:15
Most of this wealth flows into large western nations,
But illicit flows into western nations - The Spider's Web: Britain's Second Empire 00:08
But illicit flows into western nations
The economies of the United States - The Spider's Web: Britain's Second Empire 00:07
The economies of the United States
The origins of this financialization - The Spider's Web: Britain's Second Empire 00:08
The origins of this financialization
- [Reporter] Anti-war demonstrators protest US involvement - The Spider's Web: Britain's Second Empire 00:09
- [Reporter] Anti-war demonstrators protest US involvement
President Johnson meanwhile let it be known - The Spider's Web: Britain's Second Empire 00:09
President Johnson meanwhile let it be known
- [Narrator] In the 1960s, US economist, Michael Hudson, - The Spider's Web: Britain's Second Empire 00:11
- [Narrator] In the 1960s, US economist, Michael Hudson,
- During the 1960s, - The Spider's Web: Britain's Second Empire 00:11
- During the 1960s,
- [Narrator] Dollars were flowing out of the United States - The Spider's Web: Britain's Second Empire 00:08
- [Narrator] Dollars were flowing out of the United States
The United States attempted to prevent the dollars flowing - The Spider's Web: Britain's Second Empire 00:09
The United States attempted to prevent the dollars flowing
- The government asked Chase to set up a branch in Saigon - The Spider's Web: Britain's Second Empire 00:09
- The government asked Chase to set up a branch in Saigon
It lost money, but the government went to Chase, - The Spider's Web: Britain's Second Empire 00:14
It lost money, but the government went to Chase,
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