In my view, it is a big mistake to believe that baby boomers' wealth is going to last. Our monetary system and the stock market are creating a bull trap of epic proportions. Once the baby boomers start retiring in large numbers, that wealth will evaporate as they start selling-off their assets within a short period of time to fund their retirements. The financial system has never been so fragile; any slight change in consumption can lead to a catastrophic domino effect.

Also, we've never had so many working millionaires and billionaires 'on paper'. Once they stop working and actually start spending their money, it's going to drive up the price of everything and the value of their assets will not seem so substantial.

Young people nowadays are being paid to help the previous generation to consolidate existing wealth instead of creating new wealth which is backed by real economic power. All the numbers are getting bigger but the productive economic power behind those numbers is actually decreasing and creating more fragility.