"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Forty Years of Dollar Decline
Submitted by Sharon Secor on Thu, 2011-05-05 02:00
in
“The dollar just hit further new lows. As the Economist chart shows and they point out, the nominal exchange rate, in trade-weighted terms (ie, against the country’s trading partners) is now 30% below its level when the Bretton Woods system was abandoned in the early 1970s and the dollar has halved since 1985, when the Plaza Accord was adopted.”
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