Work - creative, organized, productive human activity - is the only wealth that has ever been or ever will be.
Gold, silver, oil, currency are worth nothing at all without the work to go with it.
The United States of America is the single largest repository of people who know how to and will work that has ever been known to mankind. No other civilization has ever come close, nor will they ever.
Never, ever bet against the USA’s ability to put out work. This period of market uncertainty will pass. We’ve been through world wars, civil wars, and Jimmy Carter.
Start a lemonade stand as a kid or have a bake sale for your group and you can count on a visit/letter from someone in Officialdom.
0bamacare, EPA, ACLU, EEOC, this union or that minority group - in one way or another they all stifle jobs, businesses, opportunity and/or productivity.
And then there's politicians and bankers and K Streeters laying down more rules and regulations both foreign and domestic to make competing by regular people in the Global Marketplace difficult-to-impossible.
Here's to hoping we can overcome these gale force headwinds to prosperity!
“Never, ever bet against the USA’s ability to put out work. This period of market uncertainty will pass. We’ve been through world wars, civil wars, and Jimmy Carter.”
You are correct as far as your statement reflects the past, but this is a whole new game. The USA does have a great ability to “put out work”, but perhaps not the will. With a huge percentage of the population dependent on the government in some form or other, there is a great tendency to sit back and live off the efforts of the minority who actually produce.
This is not 1865, nor 1955, nor ‘85, nor even 1990. The collective attitude has changed dramatically, and is continuing to hurtle rapidly in the wrong direction. Yes, we have been through the things you state, but we have yet to “be through” the effects of Emperor Buckwheat and his hidden handlers.