Tantamount to admitting the dollar has lost 99% of its value.
It has lost ~99% of its value since FDR’s day.
Scan through microfilm reels of the Washington Post from FDR’s era and you will see real estate prices in metro DC are up about 100-fold.
Gold was about $20 troy ounce before FDR devalued, first buying all the monetary gold. Yes inflation is about 100+ times since then. A dollar in 1925 would buy what it requires $100+ now and that is understating it because the price of gold is manipulated by the big banks to keep it low And it is also low because of all the paper gold, investment gold that has no metal behind it.