December 31, 2007 (LPAC)--The miserable state of the British economy should alert any sane person that it is time to break from the Anglo-Dutch financier system--it is finished. The British financial press only lets out the dirty secret one drop at a time--revealing today that London commercial real estate is the about to collapse, and declaring that the "sub-prime is a red herring," according to commercial property agent DTZ, quoted in the Torygraph.

"Sub-prime is a red herring. It was simply the most stretched segment of an over-stretched debt market. As such, it has to be seen as a catalyst rather than the cause of the recent turmoil," a DTZ spokesman said. The volume of UK commercial transactions fell by 25% in 2007 to 48 billion pounds, and since the summer, prices in certain sectors of the market have fallen by 26%.

The bankrupt banks are pulling out of commercial property fast. The estate agent Savills reported that 8 of the 97 lenders in the United Kingdom are already out of the real estate sector; another 11 more are "reluctant" to lend and almost 30 will only lend on a "qualified" basis for commercial property deals. Who are these banks that have slammed the door? Savills wouldn't say, but the Torygraph says "they are believed to include Credit Suisse, Lehman Brothers, Bear Stearns, Deutsche Bank and Barclays Capital..." which have all, themselves, been dipping into emergency "helicopter money" to survive.