The man in charge of our financial system, Federal Reserve Chairman Ben Bernanke, is not going to save our economy. He didn't see the last financial crisis coming, and even after things started falling apart he continued to insist that housing prices would not go down and that we would not have a recession.
Well, it turned out that we had the worst housing crash and the worst recession since the Great Depression of the 1930s.
But still millions of Americans are trusting him to save us this time around.
It isn't going to happen.
The truth is that the design of the Federal Reserve system itself is fundamentally flawed.
The biggest reason why the U.S. government is 16 trillion dollars in debt is because the system is designed to create gigantic amounts of government debt.
Yes, without a doubt the vast majority of our politicians are corrupt and/or incompetent, but even if we replaced every single one of them our economic problems would still persist until the underlying structural problems were addressed.
All I have to say to this is that I agree completely. Those who are unprepared for the crash that will happen needs to get moving and set themselves up for the hard times ahead.