Comments by "David Himmelsbach" (@davidhimmelsbach557) on "Britain's Financial Collapse IMMINENT As Bonds CRASH..." video.

  1. The B of E needs to use the power of its bully pulpit to STOP commercial bankers from extending credit to zombie companies. This has to be priority number one. Yet, this policy is NEVER considered by any Central Banker. The ONE thing that is sure to happen with rising interest rates -- the death of Zombie Companies. The B of E could short-cut the process -- and save HMG a TON of pain -- by just cutting off borrowing power -- for zombies -- at the source. No firm can sell bonds without the backing of their bankers. It's never one or the other -- it's both -- side by side. By talking the commercial lenders out of lending to zombies -- the zombies will also be shut out of the bond market. Zombie corporations are best identified by commercial bankers -- who have access to all of the tedious, dirty details. It's pretty easy, these days, for any commercial banker to stress-test his portfolio of zombies... going for the worst, first. Zombies are going to be a world wide curse. They are already devastating Red China -- and soon will become globally notorious. The death of any zombie takes pressure off the labor market -- step by step. This beats a wholesale contraction of the economy. As for commercial bankers: it's better to constrain losers... now... than let things fester... as the B of E has no choice but to lift interest rates. Borrowing is how money is lent into existence. (This causation totally swamps money printing by the B of E.) The best way to throttle it is not via interest rates -- but by throttling loan extension -- ESPECIALLY for real estate transactions. Whitehall ought to throttle its wide-open immigration policy. Across the First World, it's a bleeder for national governments. A welfare society can't co-exist with an open door for poverty stricken immigrants. Everything decays into cons, hustles, frauds. America's most infamous Medicare frauds are ALL due to immigrant 'doctors.' (By American standards, these players were scarcely Registered Nurses.)
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