December 27, 2007 (LPAC)--Lyndon LaRouche noted that the so-called "super rich'' based in London just plain ain't rich any more; their wealth has gone with the financial system collapse.

New mortgages in Britain crashed by 43.5% in November 2007 compared to November 2006, to the lowest level in over two years. The international financial flows through the City of London have bolstered the insane housing market, but that is all coming down now.