Summarizing The True Sad State Of The World In Two Charts

"You can listen to CNBC, and the president, drone on about the recovery, about the wealth effect, about trickle-down economics, about why adding $150 billion in debt per month is perfectly acceptable, and about a brighter future for America and the world... or you can take a quick look at these two charts and immediately grasp the sad reality of where we stand, and even sadder, where we are headed."

Chart 1



Chart 2



Source: BIS and NYT

at http://www.zerohedge.com/news/summarizing-true-sad-state-world-two-charts