{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Health, Wealth and the Pursuit of Happiness","title":"The Dollar Has Lost 97% of Its Value Since 1971 Jeff Deist on Why Gold Still Matters","html":"","width":"100%","height":180,"duration":2357,"description":"The U.S. dollar has lost the vast majority of its purchasing power since gold was severed from the monetary system in 1971  and most people have no idea why, or what it means for their savings.\n\n\"In this episode, Murray Sabrin sits down with Jeff Deist, former President of the Mises Institute and current Chief Risk Officer of Monetary Metals (monetary-metals.com), to break down the real history of monetary policy, why the Federal Reserve's actions since the gold standard ended have quietly eroded American wealth, and why gold and silver still carry a \"moneyness\" that central banks around the world are racing to accumulate.\n\nIf you've ever wondered why central banks are buying gold at record levels, what \"de-dollarization\" actually means, or how everyday savers can protect themselves from inflation that runs far hotter than official numbers suggest  this conversation lays it all out in plain English.\n\n🔑 WHAT YOU'LL LEARN\n– Why the 1971 gold standard collapse still shapes the economy today\n– How \"moneyness\" makes gold different from every other asset\n– Why real inflation is higher than savings account interest rates\n– What central bank gold buying signals about the future of the dollar\n– How everyday people can use monetary metals to preserve wealth\n\n⏱️ CHAPTERS\n00:00 Introduction and Murray's personal background\n02:24 Introduction of Jeff Deist and his background\n04:13 Murray's family story and WWII experiences\n07:36 American involvement in undeclared wars since 1949\n08:38 The growth of the welfare state and its impact\n10:26 The decline of the dollar and the 1971 gold severance\n11:39 Ron Paul's efforts to demystify monetary policy\n13:07 Inflation types and their effects on savers\n16:19 Gold's moneyness and its market value\n19:34 How monetary metals can help grow wealth\n23:32 How customers can invest in gold through monetary metals\n27:56 The importance of understanding and using gold as a store of value\n33:23 Central bank gold buying and de-dollarization trends...","thumbnail_url":"https://img.transistorcdn.com/JYnEw1DseObSgHdMGCVuGpqVrH2fXx4yr5WVaa-TXSw/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS85MjMy/NzYxM2QyYjBjMmZh/Y2NlNThmOTE2Mjcy/NTNhYy5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}