The Spider's Web: Britain's Second Empire (Documentary)
Published on Sep 14, 2018
This is a film about how Britain transformed from a colonial power to a modern financial power; and how this transformation has shaped the world we live in.
At the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. By 1997 nearly 90 percent of all international loans were made through the Cayman Islands / offshore UK secrecy jurisdiction finance market. 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 world of international finance.
'The Spider's Web: Britain's Second Empire' was substantially inspired by Nicholas Shaxson's book 'Treasure Islands' and is written, directed and produced by Michael Oswald.
"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it."
— John Kenneth Galbraith
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences."
— Carroll Quigley, 'Tragedy and Hope' (1966)
"What is the robbing of a bank compared to the founding of a bank."
— Bertold Brecht