Have Central Banks Created a Crisis That They Can't Fix?

http://viableopposition.blogspot.ca/2015/09/have-central-banks-created-crisis-that.html

A report by McKinsey Global Institute, "Debt and (not much) Deleveraging" looks at what has happened to global debt since the Great Recession.  Given that a great deal of the problem that created the Great Recession was debt-related, one would hope that the world, including individuals, corporations and all levels of government, had learned a lesson from living beyond their respective means.  Unfortunately, McKinsey shows that this is clearly not the case.  Global debt levels across 47 nations (22 advanced and 25 developing economies) including household, corporate, government and the financial sector, has increased from $142 trillion in Q4 2007 or 269 percent of global GDP to $199 trillion or 286 percent of global GDP in Q2 2014.  This is an increase of $57 trillion or 40.1 percent in less than seven years.  Here is a graphic that summarizes the debt growth by sector: