Date: July 2012: Guest Post: Why the U.S. Dollar Is Not Going to Zero Anytime Soon | ZeroHedge
Guest Post: Why the U.S. Dollar Is Not Going to Zero Anytime Soon...
Purchasing power of the US dollar - The depreciation from 1971 on looks rather modest on this chart. Clearly, dropping the convertibility of the dollar to gold did not change the overall depreciation dynamic much; the dollar had been losing purchasing power since the turn of the century.
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