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The origins of this financialization
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The Spider's Web: Britain's Second Empire

The origins of this financialization or deindustrializationgo back to the 1960s

The origins of this financialization or deindustrialization
go back to the 1960s

Full Transcript

00:00:01.000 --> 00:00:03.368
The origins of this financialization
00:00:03.368 --> 00:00:07.035
or deindustrialization go back to the 1960s.
Duration
8 seconds
Views
14
Timestamp in Movie
00:36:59
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.
- [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
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.