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The Shrinking Dollar

THE SHRINKING DOLLAR THE ALMIGHTY DOLLAR IS LOOKING LESS MIGHTY THESE DAYS. BY ALMOST EVERY MEASURE THE PURCHASING POWER OF THE US DOLLAR IS IN PRECIPITOUS DECLINE. PURCHASING POWER OF THE DOLLAR OVER THE PAST 76 YEARS HAS DECLINED BY 94% SINCE DOLLAR WENT OFF GOLD STANDARD IN 1971 SINCE 2002 %24 -94% 81% 35% HOW MANY OUNCES OF GOLD CAN $1000 BUY? 0.6 OUNCES $250 $250 $250 $250 DOLLAR VS OIL THE DOLLAR'S DECLINE (SINCE QE1 IN 2008] ACCOUNTS FOR 56.5 CENTS OF THE $3.963 CURRENT PRICE OF GASOLINE. WHAT THIS MEANS FOR CONSUMERS CONSUMER PRICE INDEX THE CONSUMER PRICE INDEX TRACKS WHAT YOU CAN BUY FOR YOUR DOLLAR (COMMONLY KNOWN AS INFLATION). A GREATER CPI MEANS MORE INFLATION AND LESSPURCHASING POWER. 1980 2012 $1 $1 ACCORDING TO THE CPI, 1 DOLLAR IN 1980 WAS WORTH 129% MORE THAN IT IS TODAY. BREAD 1980 2012 .80 CENTS=1LOAF OF BREAD .80 CENTS= 3 SLICES OIL 1980 2012 $1.35=1 GALLON OF GAS $1.35=1 LITERS WHAT'S CAUSING THIS? TAKING DOLLAR OFF GOLD STANDARD IN 1971 4.47% 2.97% 3 2 ANNUAL INFLATION 1 % 1933-1970 1971-2008 MONEY PRINTING BY THE FEDERAL RESERVE $2 TRILLION DOLLARS IN 2009-10 MOUNTING US DEBT 15.692 TRILLION OR 100% OF GDP WHAT CAN BE DONE? EXPERTS WEIGH IN. DISMANTLE FEDERAL RESERVE "A DOLLAR TODAY IS WORTH 4 CENTS COMPARED TO A DOLLAR IN 1913 WHEN THE FEDERAL RESERVE GOT IN." - RON PAUL RETURN DOLLAR TO GOLD STANDARD "WE MUST CONVERT ALL WEALTH INTO THE MEASURE EMPLOYED BY MANKIND FOR 6,000 YEARS, I.E., OUNCES OF GOLD." - JUDE WANNISK, CO-FOUNDER OF SUPPLY SIDE ECONOMICS REDUCE US DEBT "U.S. GOVERNMENTDEFICIT SPENDING ISNOW DIRECTLY LEADING TOU.S.INFLATION." -NATIONAL INFLATION ASSOCIATION REFERENCES: HTTP://STATIC,SEEKINGALPHA.COM/UPLOADS/2009/5/8/SAUPLOAD PURCHASING POWER.PNGHTTP://ECONOMIX.BLOGS.NYTIMES.COM/2 009/11/12/THE-GREAT-SHRINKING-AMERICAN-DOLLAR/HTTP://WWW.SHARELYNX.COM/CHARTSTEMP/AUPPBASKET.PHPHTTP://WWW.INT ELLECTUALTAKEOUT.ORG/SITES/WWW.INTELLECTUALTAKEOUT.ORG/FILES/IMAGECACHE/CHART CONTENT/CHART-GRAPH/VALUE%200F%2 ODOLLAR%20V.%20PRICE%200F%200IL.GIFHTTP://WWW.INTELLECTUALTAKEOUT.ORG/LIBRARY/CHART-GRAPH/2008-2011-VALUE-DOLLAR -VS-PRICE-OILHTTP://QUALITYSILVERBULLION.COM/IMAGE/DATA/DESIGNS/SILVER-VS-DOLLAR-10-YEARS.JPGHTTP://WWW.USINFLATIONC ALCULATOR.COM/INFLATION/CONSUMER-PRICE-INDEX-AND-ANNUAL-PERCENT-CHANGES-FROM-1913-TO-2008/HTTP://WWW.THEPEOPLEH ISTORY.COM/70YEARSOFPRICECHANGE.HTMLHTTP://WWW.NUMBEO.COM/COST-OF-LIVING/COUNTRY_RESULT.JSP?COUNTRY=UNITED+STAT ESHTTP://SEEKINGALPHA.COM/ARTICLE/127585-THE-GOLD-STANDARD-AND-INFLATIONHTTP://WWW.USNEWS.COM/OPINION/BLOGS/ECON OMIC-INTELLIGENCE/2012/02/21/FEDERAL-RESERVE-DRIVEN-INFLATION-HURTS-INVESTORSHTTP://WWw.ZEROHEDGE.COM/SITES/DEFAUL T/FILES/IMAGES/USER5/IMAGEROOT/2012/04/DEBT%20T0%20GDP.JPGHTTP://EN.WIKIPEDIA.ORG/WIKI/POLITICAL_POSITIONS_OF_RON _PAUL#INFLATION_AND_THE_FEDERAL__RESERVEHTTP://INFLATION.US/HYPERINFLATIONWARNINGSIGNS.HTMLHTTP://WWW.PAECON.NET 7PAEREVIEW/ISSUE55/HUDSON55.PDF BROUGHT TO YOU BY WHOLESALEGOLDGROUP.COM 4.

The Shrinking Dollar

shared by WGG on Sep 09
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An infographic that shows the horrible effects inflation in the United States has on consumer's purchasing power.

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