Poverty, Prosperity, and Precious Metals – Jeff Nielson

by Jeff Nielson
Sprott Money

In the 20th century; by the end of the 1960’s, Western societies and especially Canada and the United States reached a level of prosperity never seen before – or since. Since the early 1970’s; the standard of living across the Western world has been in a relentless trajectory downward.

An article from April 2012 noted that the standard of living in the United States had already fallen by more than 50% since its zenith. Since that time, the standard of living in the U.S. (and across the West) has been devoured by 5 ½ years more “inflation” – the same “inflation” that the criminal bankers and corrupt politicians insist does not exist.

At the end of the 1960’s; a chocolate bar cost a dime. Today, a smaller version of that same chocolate bar costs close to a dollar. That 90% loss in purchasing power of the paper in our wallets is all inflation.

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