I fear the clock has ticked past midnight, the 'patients' (Stock Markets, Corporations, Central Banks, Sovereign Nations, Global Economies, etc.) - like crack-addled drug addicts - are addicted to debt-binge spending with easy money a la Quantitative Easing and Zero Interest Rate Policies (ZIRP). The 'patients' may already be in the later terminal stages of their disease. Or like the zombie undead - don't quite realize that they have already been embalmed and pickled.
There may be precious little time for people to take personal action to protect their financial assets...but it is impossible to predict when the trigger/avalanche event will occur. I hope we have somewhere between 5-10 years (see the 2016 May links below) - but I may be optimistic in that regard.
I fear the masses will be caught unaware - because they blithely wander on in a bucolic haze, being fed a constant IV drip of delusion and denial by the mass media and their governments - with concerns about the tens-of-trillions in unfunded liabilities being nothing to worry about - that future growth will heal all ills.
- Central States Pension Fund Rescue Plan Dened by Treasurey
- Chicago Pension Liabilities Jump 168%, Understated by $11.5 Billion
- USPS unfunded liabilities for postal retiree health and pension benefits were $78.9