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September 8, 2013

The Dollar Has Lost 98 Percent Of Its Purchasing Power

“If you look at the value of the dollar today to where it was 100 years ago, the dollar has lost 98 percent of its purchasing power since the Federal Reserve was put in charge. And if you look at the dollar’s purchasing power 100 years prior to the Fed, the dollar gained — maybe doubled. The dollar was more valuable in 1913 than it was 1813.” - in New York Post

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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