How much is the US dollar worth?

[Faster horses]

How Much Is The U.S. Dollar Worth?
By Dr. Ileana Johnson Paugh
CanadaFreePress.com

"Let the influx of money be ever so great, if there be no confidence, property will sink in value…The circulation of confidence is better than the circulation of money." ~ James Madison, Speech, Virginia Convention, June 20, 1788

According to data from the University of Illinois professors Lawrence H. Officer and Samuel H. Williamson, the value of the dollar had depreciated so much by 2008 that it took $5.31 to buy what it cost $1 in 1971 when Nixon decided that the dollar would no longer be backed by gold. Until then, $35 could buy a troy ounce of gold every day. Our dollar today is worth less than 19 cents when compared to 1971 and the price of gold fluctuates between $1,500-1,700 per ounce.

Read the Full Story

www.wmd.com

 

[Steve]

when the CPI comes out and says there is no inflation.. or little and we see many products we purchase increase in price, (Fuel, food, electricity),..while assets we hold cash property, homes) loses value... we are in a dollar inflationary period that signals a week dollar..


by the same token.. those high stock market values of recent months is based on a new low in dollar values...

without an honest method of looking at inflation we are left to just think the high prices are a result of some imaginary influence on the market... but the reality is.. the dollar ain't what it used to be three years ago..

The Obama printing press is a "HUGE" tax on those who earn less then $250,000

 

[ANGUS327]

How Much Is The U.S. Dollar Worth?
By Dr. Ileana Johnson Paugh
CanadaFreePress.com

"Let the influx of money be ever so great, if there be no confidence, property will sink in value…The circulation of confidence is better than the circulation of money." ~ James Madison, Speech, Virginia Convention, June 20, 1788

The founding fathers of America never cease to amaze me with their wisdom.

According to data from the University of Illinois professors Lawrence H. Officer and Samuel H. Williamson, the value of the dollar had depreciated so much by 2008 that it took $5.31 to buy what it cost $1 in 1971 when Nixon decided that the dollar would no longer be backed by gold. Until then, $35 could buy a troy ounce of gold every day. Our dollar today is worth less than 19 cents when compared to 1971 and the price of gold fluctuates between $1,500-1,700 per ounce.

Read the Full Story

www.wmd.com

 

[MoGal]

Since the Federal Reserve Act of 1913, the US dollar has lost 95 percent of its value.

Next year is the 100th year of the Federal Reserve and I would really, REALLY, like to know how much interest the American People have paid to these private families in interest for borrowing our own money.

Right now the central banks loan it out at less than 1/2 percent yet anyone holding Federal Reserve stock is guaranteed 6 percent and we've paid as high as 17 percent interest in the past.

So how many trillions have we paid the Federal Reserve? It is they who decide if you have a job, a house or how much you pay for it and they make money out of thin air back by nothing and gain real assets for it because you put up a title or deed for what you buy.