What does the first video have to do with credit drying up? From my understanding it's all about the need for greater regulation in the property advisor's (buyer's agents) space.
Capital Flows asks if the falls in the price of BTC indicate whether credit is drying up. TLDR: no, it's moving into other areas of risk.
There seems to be some liquidity cracks appearing all over the place. This from another alt news source.... Reserve Bank of India Calls Emergency Meeting over Liquidity in Banking System The Reserve Bank of India will meet select primary dealers and banks on Tuesday, three traders aware of the developments told Reuters, amid concerns that tightening liquidity in the banking system is pressuring the government bond market. The meeting, though without a formal agenda, is expected to focus on current market conditions, the traders said, declining to be named as they are not authorized to speak to the media. This meeting in India comes just days after.... The US Federal Reserve had to pump $29.4 Billion cash into the U.S. Banking System on Friday last week, via the Standing Repo funding mechanism.
I think that personal debt, high interest, high mortgage, high rents, high health and dental care, is resulting in less discretionary spending worldwide. This slows down the money cycle which then creeps up the business pyramid from small, to medium, to large corporations. This is one of the ground swells leading to loss of liquidity.
When we talk about liquidity we need to differentiate between "inside money" and "outside money". Outside money is what you're referring to ie consumer credit and funds available to SMEs. These guys don't have access to the huge pools of liquidity inside the Reserve banking system because they don't have accounts with a central bank. Now while credit in the form of personal loans, housing and medium and large businesses is expanding, it's a pin drop compared to the trillions that money markets and investment houses are accessing. I'm not convinced either that declining discretionary spending has much of a "trickle-up" effect on those markets that have access to inside money, the closer to the source of money you are, the more resilient that makes you. So it's not so much a pyramid, but a frustum. Which is a source of frustumation for average people. A frustum:
Ah, yes, the good old banksters' glory holes, I have heard about them. They must have a ball all the time, creating money into existence out of thin air and then charging us plebs high interest rates for borrowing from them.
