S&P's 'Wall of Debt' Warning is Phony as They Come

Friday, May 11, 2012 – by Staff Report, Daily Bell

Companies must raise £28 trillion to finance 'wall' of debt ... Companies across the world face a "perfect storm" as they have to raise more than £25 trillion to finance an upcoming "wall" of debt. British companies will have to find between £220bn and £268bn of new financing to fund their growth plans on top of refinancing hundreds of billions of pounds more of existing debt. Businesses will need to secure as much as £28.5 trillion to refinance old borrowings and fund new spending, raising major questions over the ability of the world economy to avoid a recession, according to a report from Standard & Poor's. – UK Telegraph
Dominant Social Theme: There's no money! The governments can't help! Help!
Free-Market Analysis: As the power elite that wants to run the world grows more crazed and desperate, their bought-and-paid-for financial facilities and media mouthpieces become crazier, too.
That's because the credit system itself is an artificial system, built out of central banking around the world, which in the modern era is the monopoly printing of money-from-nothing.
People should try to recall that the creation and control of money is in the hands of a very few people. If these people – these representatives of dynastic banking families – wanted to print more money they could.
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