This Documentary is not analyzing a "inside plot", this is simply how the global financial system has evolved to work by design - mostly as a result of the loss of empires, and the near collapse of the capitalist system from the great depression, and to do whatever it takes to counter the inevitable falling rate of profit. Why, in the era of Wall Street hegemony, do close to half of global financial transactions still flow through territories linked to Britain? You have done an excellent job, I hope the People get what you are saying : ) Banking and politics are front for an elite clique of criminals. Rumours at the time suggested that the currency crisis was partly engineered by U.S., which was unhappy about the British and French invasion of Egypt to reverse Nasser’s nationalisation of the Suez Canal. Money market funds, corporations, foreign central banks, and other official accounts are all active lenders in the Eurodollar market. The Spider’s Web: Britain’s Second Empire (Documentary) February 16, 2020 Winter Watch Business , Hidden History , International News , Politics , Videos 0 Pocket This was the bedrock of the City’s success: highly specialised knowledge of various areas in the world. There is no doubt that successive British governments understood the importance of the City of London and wanted it to remain the global financial centre. Critics accuse British authorities of turning a blind eye to the inflow of suspect money and of being too close to the financial sector to clamp down on the use of its overseas territories as havens, with the British Virgin Islands alone hosting 110,000 of the Mossack Fonseca’s clients. The system is so internally volatile and contradictory, that this sophisticated global scale of financial manipulation is the only thing that keeps the Capitalist system "functioning", so that it does not implode from its own contradictions. So which is worse: govt greed, corporate greed, or individual greed? I just hope that they don't poison our salmon with the biggest gold mine in north america. One is that the City of London refers to those activities and transactions taking place in London itself. That doesn’t mean that outcomes are always intentional: that a group of states or governments sat together as a committee and decided to develop an unregulated financial market. Liberty and justice will prevail. That data raises a question: why are these jurisdictions, many of which are still controlled by the British state and some of which only recently gained independence, playing such a prominent role in global financial markets? That wasn’t the intended impact: indeed, some eminent bankers felt sure it was only a temporary market that was likely to decline and disappear fairly quickly. They rationalised this ideologically—we call it neoliberalism—but the main cause was that there was already a non-regulated global financial market sucking in most of the funds in any case. The second empire is not as big and doesn’t incorporate as many territories, but in financial terms it’s very significant. Your suggestions are absolutely crazy and would lead to world wars. Until Britain is forced to confront the realities of its Empires, both colonial and financial, there is little prospect of real change. The second empire is not as big and doesn’t incorporate as many territories, but in financial terms it’s very significant. Since the 2007-8 crisis have you noticed any shifts in Britain’s position in international finance? As Tax Justice Network Director Alex Cobham observes: “We have country after country around the world where the lack of financial transparency, about taxation, about ownership, about corruption, has undermined the extent to which governments deliver representative policy making for their citizens.”. UK taxes does not go to pay the interest on the printed money. And there is more that these corrupt people do, assassination, identity theft, persecution and human rights denial to even these company's Clients. This was an interesting period and a challenge to the City of London. - a separate and private sovereign state from England and London - which owns and controls one-half of England's Parliament - the City has the power to stop any law coming into force. Supurb expose, thanks from Jersey. This site uses Akismet to reduce spam. In the same paper you talk about ‘hegemonic cycle theory’, associated with theorists like Giovanni Arrighi and Immanuel Wallerstein. For the most part they didn’t understand what they were doing. This diagram via Haberly & Wojcik illustrates the geography of Foreign Direct Investment (FDI) and the relative dominance of Britain and the territories of its former Empire. The Spider’s Web offers unique insight into the British Empire, both past and present, and its colonies and far flung outposts. As City University’s Ronan Palan observes: “The City of London is a truly unique and interesting phenomenon, which should have attracted the attention of political scientists and economists, but I don’t know of anyone, who has systematically studied the Corporation of London and its impacts on policy and economic policy.”. But this data tends to treat British jurisdictions like Jersey, Guernsey, the Cayman Islands, and so on as entirely separate, independent territories. This and the world taxes paying off Rothschild (Vatican agent) central bank interest is then used by the Vatican to buy real assets and obtain real wealth and simply buy the world thru corruption. ??????? Have they tried to claw back some influence? The Spider's Web: Britain's Second Empire ( 2017) Photos. You can have access to all of our online work for free. At the end it is us, the people, who "eat" people. Historically there is a strong interlink between the rise of the City of London and the rise of the British empire. If tax havens scare you, monopolies should too. 05327824, Registered Address: 38 Stanley Avenue, Chesham HP5 2JG, United Kingdom, Making wilful blindness a criminal offence. tax havens) in places like Delaware, New Jersey, Vermont and Nevada. They are all interlinked. We can only stop this by printing our own debt free money - and shutting down the City and Bank of England and the Freemason Mafia - but if we do this the Vatican will do an Iraq or Libya on us! A young Fred Goodwin who would go on to run RBS (at the time working for Deloitte Touche) ‘led’ the complex insolvency of BCCI bank. I have never read so much rubbish in my life. It suggests that the City of London Corporation and its banks have done tremendous damage to the world economy since the 1960s and that up to half of all offshore wealth (globally) is hidden in one of many British offshore jurisdictions. To think the Vatican has any sort of impact is laughable. This is a "Pay as You Feel" website. And the solutions at the end of the video will never occur since the people who can make them happen tend to be chosen to benefit from the perpetuation. Not only have major leaks of information revealed a significant part of this picture in recent years, but signs that Capitalism would evolve in this direction have been known about well in advance, going back long before the great depression, as empires were beginning to crumble. Investment Banks? Could the wealth in tax havens help us pay for the Coronavirus response? - The City of London is the Financial district in London.Much like Wall St is in NYC. This site uses cookies and other tracking technologies to assist with navigation and your ability to provide feedback, analyse your use of our products and services, assist with our promotional and marketing efforts, and provide content from third parties. This was the origin of ‘offshore‘. - The UK is not facist, nor a Nazi state. If that were teh case, then the regulatory impact of CRDVI and SMCR would have been thrown out as it forces FS businesses to act as per the Goverment and Regulators demand. In the days of the British Empire, London served as the world's most impressive financial center. The Spider's Web: Britain's Second Empire recounts how the country transformed to become a global financial power in the face of these challenges, and how their continued prominence shapes the world we live in today. And no law and no government will change that, since this is the nature, of a human kind. Yes, it has many conceptual, theoretical and also practical implications about how we understand globalisation. England is a fascist nazi state run by the Vatican Mafia and is not a free country and never has been a democracy. However what we don’t hear in the discussion—and I’m simply puzzled by this—is the fact that much of the market exists in non-regulated spaces. These are sets of voluntary agreements agreed at the Bank for International Settlements (BIS) in which banks agreed to abide by certain rules of capital requirements and so on. The film provides viewers with both a technical and a moral analysis of what tax havens and secrecy jurisdictions do — creating opportunities for tax, legal and political arbitrage — and lays the blame at the door of the real perpetrators, the Big 4 accountancy firms (EY, Deloitte, KPMG, PwC). What has London’s preeminent international financial position got to do with British empire? Eurodollars are unsecured U.S. dollar deposits held at banks or bank branches outside of the United States. It’s just elsewhere.”. It’s a matter of interpretation. In the days of the British Empire, London served as the world's most impressive financial center. At the demise of empire, City of London financial interests created a web of offshore secrecy jurisdictions that captured wealth from across the globe and hid it behind obscure financial structures in a web of offshore islands. The response from the Atlanta Docufest selection panel is typical: “We just wanted you to know that you made it to the final round of judging, but since we only have three days of screenings, we had to cut so many great films. A highlight is the disruption of a private tax planning dinner hosted by Harnett, who is presented with a “golden handshake award” by the intruders for services to tax avoidance in front of a group of suited, booted and visibly confused paying guests. If you believe in the issues we fight for please take action and join Labour Heartlands grassroots think-and-do-tank today. Yes, it punched a hole in the whole Bretton Woods system. Cast. We seek to create understanding and debate, and to promote reform, especially in poorer countries. Today, up to half of global offshore wealth is hidden in British offshore jurisdictions – the largest global players in the world of international finance.

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