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To: wrench
It also buys 2 times as much land as 7 years ago though.

So you're saying it doesn't have a stable value?

63 posted on 08/20/2014 1:54:30 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Toddsterpatriot

The dollar hasn’t had a stable value for years as it is a fiat currency, and as such is a political tool.

Comparing the dollar to an overinflated commodity means nothing. Gold hit a bubble price and the bubble popped, as did real-estate in the US.

Comparing the dollar to a real market basket of products that is the same year after year, is representative of normal buying habits, and isn’t cherry-picked to skew the results does mean something. In this comparison, you can see the dollar has lost nearly 90% of its purchasing power since the 60s, an is still headed down. There are minor blips here and there, but the decline is very predictable.


64 posted on 08/20/2014 2:30:54 PM PDT by wrench (Anr yjhr)
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