According to a new article by Bill Gross, the world is mostly oblivious to the long-term implications of its current debt problem. “It’s a wonderful life for the 1% and a Xanax existence for the 99,” Gross wrote about the current state of the global economy.

While blissful ignorance will likely cause no major harm in the short-term, an aging global population, particularly in the wealthier developed nations, is a ticking time-bomb in decades to come.

“I speak specifically to liabilities associated with the Boomer generation: healthcare, private pensions, Social Security and the unestimable costs of global warming,” Gross explained.

The United States currently has a outstanding debt of $16 trillion, or 100 percent GDP. However, Gross points out that the present value of Medicaid ($35 trillion), Medicare ($23 trillion) and Social Security ($8 trillion) promised under existing laws totals $66 trillion, or 400 percent GDP.

“Reducing…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!