The Massive Impact Leaving The Gold Standard Has Had On Modern America
June 9, 2022
148
2
1.35%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Bold Tv Episodes Around June 9, 2022
See what was published immediately before and after this episode.
2:07Now PlayingThe Massive Impact Leaving The Gold Standard Has Had On Modern America
YouTube Description
as posted by the channelWTF happened in 1971?! Check out the video to learn why!
Welcome back to Bold TV with Ashton Cohen. Be sure to like, comment, and subscribe to Bold TV for all things Bold.
It's a question that a lot of people have been asking, and it's also a movement that attempts to raise awareness about the absurd effects of the United States' departure from the gold standard in 1971.
The value of the dollar plummeted, and government printing and expenditure began to soar, once we departed the gold standard.
As a result, inflation has soared since 1971, and the US dollar has lost nearly 90% of its value in comparison to gold.
Prices have gone parabolic since we abandoned the gold standard, as measured by the consumer price index. Rich people decided to secure their wealth by exchanging their dollars for hard assets like real estate and equities as a result of the move away from the gold standard and toward a fiat system. This resulted in a tremendous increase in the value of these assets.
Since 1971, there has also been an enormous disparity between property appreciation and income in America's most coveted cities.
You can also see many hours an average American must work to acquire a share of the S&P 500 index. And, of course, the end outcome of all of this is insane levels of wealth inequality.
The income disparity between the ordinary American and the top 5% of earners since 1971. But that's not all: the end of the gold standard, the depreciation of the dollar, and the consequent wealth disparities have altered American culture in a variety of ways.
Our politics, in particular. Since 1971, our two major parties' political division, which has increased.
Can we blame America's current difficulties on the end of the gold standard? Let us know in the comments below.
Make sure to subscribe to Bold TV, and follow us as we keep you up to date on all the latest news.
Subscribe to BOLD TV
Go check out Ashton Cohen’s YouTube channel and podcast here
Want to subscribe to our Crypto newsletter? Join here
Are you ready to be BOLD? Check out our favorite articles:
SAY HI ON SOCIAL:
Instagram, Twitter, and Facebook: @boldtv
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.