The Spider’s Web: Britain’s Second Empire | The Secret World of Finance
The Spider’s Web: Britain’s Second Empire | The Secret World of Finance
Michael Oswald’s film The Spider’s Web reveals how at the demise of the empire, the City of London’s financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions and Britain and its dependencies are the largest global players in The Secret World of Finance.
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⌚ Timestamps:
0:00 Introduction
2:22 The British Empire
4:33 The Eurodollar Market
6:54 The Last Remnants of Empire
9:37 The Corporation of London
13:28 The Bank of Credit and Commerce International
16:53 Trusts
23:27 Who is in charge of Britain’s Overseas Territories?
28:35 Global Financial Centers and Empire
37:15 How