"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." This is a damn good docu, imo.
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 America Embraced Offshore Finance
42:15 Growth of Offshore Finance and Corruption
48:05 Whistleblowers
54:54 Politicians and Financial Secrecy
1:01:35 Accountants
1:07:20 Protesters Confront Dave Hartnett
1:10:27 Private Finance Initiative
1:13:42 Conclusion
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 America Embraced Offshore Finance
42:15 Growth of Offshore Finance and Corruption
48:05 Whistleblowers
54:54 Politicians and Financial Secrecy
1:01:35 Accountants
1:07:20 Protesters Confront Dave Hartnett
1:10:27 Private Finance Initiative
1:13:42 Conclusion
"It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong." – Thomas Sowell