It is easy to understand why the U.S. economy is in crisis and decline. Forget the delusional stock market (fueled by Fed fake money printing). On Main Street our economy is sick and getting sicker. There are no jobs.
The U.S. has 90 million working age, able-bodied Americans unemployed - that’s almost one third of the country. The workforce participation rate is the lowest in decades. The rate of business startups is the lowest in decades. Food stamps, disability, welfare, and Medicaid are at record highs. We are facing economic disaster. Why?
The answer is found in how we treat the heroes of the economy. Firefighters are heroes because they run into burning buildings. Policemen and women are heroes because they run towards the sound of gunshots. That’s why they're called "first responders." Where would we be in a crisis without these heroes?
But our economy relies on heroes, too. I call these heroes "financial first responders." They are the business owners, investors, job creators and taxpayers. Financial first responders risk their money to create jobs, to provide a better life for their employees and to provide products that consumers need at a price they can afford. They risk their financial lives, just like the police and firefighters risk their bodies. [more...]