The article below has a great graphic on the decline in the value of the dollar since 1913 while showing the more accelerated decline that occurred after 1973 when Nixon took us off the gold standard and rendered the dollar a 100% pure fiat paper currency. The "Dollar" graphic was compiled from data from the government's Bureau of Labor and Statistics.
Ultimate Bailout: The $100 Trillion Cram Down
"As you are about to see, the motion is about to get a lot faster because there is a new, efficient tool being used to strip value away from savers known as the Bailout.
The first dollar Cram Down took about 100 years to strip 95% of the value from savers. The next 95% devaluation will take just a handful of years.
A number of commentators have estimated we are already into the bailouts to the tune of at least $14 trillion."
"The first dollar Cram Down took about 100 years to strip 95% of the value from savers. The next 95% devaluation will take just a handful of years."
ReplyDeleteI couldn't agree more.
Amen
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