Comments by "David Himmelsbach" (@davidhimmelsbach557) on "Anarchy In Britain As The Pound COLLAPSES | This Is INSANE..." video.

  1. Modern money is created in modern economies via LENDING// BORROWING. Period. That can be at the national level -- government deficits papered over by the central bankers -- or at the private level -- (essentially) real estate lending. [ All other commercial lending is short term (ish) and a minor factor. ] Money is destroyed as debts are repaid. Lenders// bankers are ALWAYS looking for solid collateral and healthy borrowers. Adding things together, you end up with a positive feed-back loop during business expansions -- when spirits are up -- especially banker's spirits. The ONLY way that HMG can lower inflation is by running lesser deficits -- and raising interest rates -- and using the bully pulpit to throttle banker's enthusiasms. Absolutely nothing else will do. The Everything Bubble the direct consequence of too much lending, too much borrowing. Putin's energy war is a trivial side-show -- in economic terms. Britain never did import all that much energy from Putin. Neither did the USA. But, no nation can avoid global energy pricing. ( OPEC ) Of course, Biden's war on oil & gas is -- at the margin -- a HUGE factor. Fracking -- in Britain -- will make the UK energy independent -- just like Norway.
    1