52 years ago, the American dollar was taken off the gold standard.
Since then, its purchasing power has only plummeted.
Undeniably, the most successful fiat currency the world has ever seen can now only buy 13% of what it could back then.
Reject. Choose Bitcoin.
#Bitcoin #DigitalCurrency
https://nostrcheck.me/media/public/nostrcheck.me_3396968534760788731692152115.webp
This is such a diseptive way to show this data because it makes it look like the worst inflation was in the 70s. Because the dollar was worth so much more and they hadn't manipulated the CPI to hide inflation yet. Inflation in the last 2 years has been worse than in the 70s. You have lost more buying power in the past 2 years than any other 2 year period in any of our lifetimes.
You don't understand the chart. It starts at the top because of the ballast with gold. Purchasing power has diminished since that time, due to the loss of gold backing. That it did, in fact, make a dollar worth a dollar... Today it's worth what a naughty bureaucrat says 🧐
