devalued dollar

6

The Federal Reserve's goal: Devalue the Dollar atlest anouther 33%

http://www.forbes.com

The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. But, an increase of 2% a year over a period of 20 years will lead to a 50% increase in the price level. It will take 150 (2032) dollars to purchase the same basket of goods 100 (2012) dollars can buy today. What will be called the “dollar” in 2032 will be worth one-third less (100/150) than what we call a dollar today.

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iamodd999's picture
Created by iamodd999 2 years 10 weeks ago – Made popular 2 years 10 weeks ago
Category: Money   Tags:

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