Bank of England: Warning of a Debt Crash — or Covering Up a Bigger Threat?Posted on January 29, 2019As the failing British elite shows its incapacity to implement the British people’s vote for a Brexit — a revolt against economic austerity imposed by that same elite — some ominous statements by the Bank of England about the state of “junk debt” and “leveraged loans” have gone almost unnoticed. They have certainly not been examined to see what the London-centered banking system as a whole is faced with, even if a “disorderly” Brexit doesn’t crash the derivatives markets and the City of London banks.READ MORE
