He noted in an episode of his podcast that the world is getting to the endpoint, citing videos of Generation Y Americans – also known as millennials – that go viral on social media. These millennials being crushed by inflation are taking to social media platforms to bring their issues to the forefront. (Related: INFLATION WOES: Millennials crumble, turn to social media to air frustration over soaring cost of living.)
"People are struggling more than ever, and most of them don't understand why this is happening to them," he told wealth advisor Tim Picciott, who joined him on the podcast. "I mean, we're talking about people that five years ago, were making huge money. Now that same amount of money isn't worth anything. It's called inflation."
Sigurdson said he can't even imagine how some people are living with a minimum wage – something that for him is just impossible. Increasing the minimum wage won't solve the problem, but instead will make things worse as it does not fix the issue of inflation.
The WAM CEO cited a piece from Natural News' Laura Harris stating that more than 60 percent of Americans are living paycheck to paycheck as rising inflation continues to squeeze their already-strained budgets. He also cited a 2012 post of his that outlined how inflation is "the easiest way for government to steal wealth."
Sigurdson remarked that a lot of people do not understand what is going on, prompting him to ask his guest about this predicament. Picciott then responded that Generations Y and Z aren't only dealing with inflation and the cost-of-living crisis, but also a crisis of miseducation as they were never taught anything about money.
According to the wealth advisor and economist, the two generations learned about money through the lenses of Karl Marx and John Maynard Keynes – views that aren't grounded in reality. People want to get paid more, not realizing that the real problem is the actual money itself – with the actual metals and the money being taken out.
Things costing more is a symptom of the fact that the money has been debased, Picciott told Sigurdson. The debasing and counterfeiting of money, he added, count as treason under the U.S. Constitution.
"What do you think the Federal Reserve does? All they do all day, each day, every day is legally through the monopoly they have with Congress, they print all the money, and they counterfeit the money. Nowadays is not actually printing the money, but it's digital. And what they want to do is take it one step further in their digital dictatorship, their digital prison that they're trying to build." And, of course, the younger generations are helping enable that because none of them use cash.
He also pointed out that the millennials who don't understand what they are going through are all trying to ask and beg for the wrong solution. Picciott said: "And so, the help is going to come in the form of universal basic income. It's going to come in the help of the central bank digital currency, but the only way to get that help is to make things bad enough."
Visit Bubble.news for more stories about inflation and the cost-of-living crisis hitting Generations Y and Z.
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This video is from the World Alternative Media channel on Brighteon.com.