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Thursday, June 02, 2011

The Declining Dollar

The illusion of the American dollar exposed:

A historical perspective from Silverfiddle:
The Reagan recovery was real because it was driven by a strong dollar. We all really did get richer because our money was not losing value in the 80's. Alas, George W. Bush went back to the old government tricks, with President Obama kicking the printing presses into hyperdrive. Here we are today, richer on paper, poorer in reality. Thank the Federal Reserve.
Read Silverfiddle's entire essay HERE.
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2 comments:

  1. SilverfiddleThursday, June 02, 2011 12:52:00 pm

    Thanks, AOW!

    And be sure to visit Market Skeptics, where I snagged the chart from...

    http://www.marketskeptics.com/2009/06/chairmen-of-federal-reserve.html

    ReplyDelete
  2. Always On WatchThursday, June 02, 2011 12:55:00 pm

    Silverfiddle,
    Thanks for adding that link.

    ReplyDelete