End of America

Great chart of the history of the dollar


By Daily Crux Editor Sean Goldsmith:

If you believe, as we do, that the true value of any paper currency is zero, take a look at this chart from the Mises Institute of the value of the U.S. dollar.

You'll notice the dollar is quickly plunging toward its inherent value. (You may need to zoom in after clicking on the chart.)

See chart...

More on the dollar:

Nobel Prize winner: Dollar reserve system is "falling apart"

Market guru Prechter: Dollar has reached a "major bottom"

Warren Buffett: "Ten years from now, the dollar will buy a lot less than it buys now"

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