I am starting with assumption that you know about as much as 95% of the world. Nothing. You get your paycheck, pay your rent, eat, maybe have a car if you are old enough and it's gone. Maybe you assume that your job will always be there.
We are in the midst of a worldwide liquidity crisis. This could end and everything returns to normal or things can get bad and I mean really bad.
I have explained how the US government borrows its own money from the Federal Reserve which is a cabal of private banksters. In Europe banks borrow from the Central Bank in Frankfurt. If you haven't noticed Deutsche Bank is in trouble and shed 40% of its stock price YTD.
Printing money is how the governments pay the bills as Congress and European politicians will not pass new taxes. Some of you think we can trim the fat and cut government spending. Then cut taxes and that will generate more private sector profits and ergo more tax revenues to balance the budget. That is wishful thinking.
The world's economies are interdependent and many of the debt instruments that are sold, the buyer's don't really understand the risk. The MBS or mortgage back security industry nearly caused the biggest financial meltdown of all time in 2008. Do you plan to go to college and if so are you going to borrow money to do so? Are you living paycheck to paycheck? Are you so sure about your retirement income? What if you are injured or have a disease and cannot work?
What is your back up plan?