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Chris Olson: The standard of living has dropped since America went off the GOLD STANDARD
Chris Olson: The standard of living has dropped since America went off the GOLD STANDARD
The American people's standard of living has dropped every year since the country went off the gold standard, gold industry insider Chris Olson asserts.
"The standard of living and the purchasing power of the average American has just dropped every year since we went off the gold standard [in] the 1970s. Every metric shows that as kind of the breaking point of the American middle class, and it's never going to get any better until we come back around to an honest money system," he said during an appearance on the "Health Ranger Report" with the Health Ranger Mike Adams.
The Natural News and Brighteon.com founder said an increasing number of Americans are becoming aware of the dollar's devaluation. Younger people are now recognizing inflation, with the cost of food and rent becoming more expensive. Because of this, the younger generation is going through an "Austrian economics" awakening moment and they are now open to the idea of honest money such as gold and silver. (Related: Inflation, cost-of-living crisis crushing Generations Y and Z.)
Olson concurred, adding that everything is all about power – especially with a monetary system that isn't anchored to any form of reality. The CEO of Treasure Island Coins and Precious Metals noted that the Federal Reserve's carte blanche authority to engage in purchases and lending has led to very low reserve and leverage requirements that have benefited the rich and powerful, but not the average American.
"So when you unlock a monetary system from reality, it ultimately is a huge transfer of wealth and power, and [a] centralization of power. It's probably the No. 1 contributor to our problems as a nation," he told Adams. "Everything we see around us all goes back to that problem – it's always been about the money."
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Adams: Instant money printing begets tremendous evil in the world
Adams agreed with his guest, pointing out that instant money creation by the powerful elite bankers is truly a source of tremendous evil in the world. This is because they can print money and fund propaganda and other nefarious endeavors – which is exactly what they are doing.
"The did that during [the] COVID-19 [pandemic]. They can print money and fund wars, which they do. They can print money and fund [Internal Revenue Service] agents to knock on your door and threaten you. And they print money to fund every evil thing they want to carry out," Adams said.
The Health Ranger mentioned that gold and silver are "hidden currency" in the sense that they cannot be tracked electronically as they aren't in a bank account. Unlike cryptocurrency, there won't be a big scam when it comes to gold and silver. These two precious metals are on the table of elements – attesting to their realness – and are naturally scarce.
Olson agreed, saying that there is only one gold and it is not arbitrary like cryptocurrency. "There's only one gold and everybody knows what is is – and you can't counterfeit that," he said. "And there's not alternative version other than silver to some extent."
Adams pointed to this inability to be counterfeited as an important aspect to gold and silver, especially with the dollar being counterfeited daily. He stated that counterfeiting is the very basis of the current dollar currency, which he said will lead to its eventual collapse.
Watch the full conversation between Treasure Island's Chris Olson and the Health Ranger Mike Adams below.
This video is from the Health Ranger Report channel on Brighteon.com.
More related stories:
Americans need to make $11,400 more today to maintain the same standard of living they had in 2021.
MTG rejects Fed’s digital currency announcement: ‘We should go back to the gold standard.’
Three congressmen introduce bill to once again back dollars with gold.
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