Goethe Predicted Dollar Slavery — forbes.com

The dollar has been losing its value for a century (though there have been corrections, like the one since 2011). The dollar was once worth 1555mg gold. Now it’s worth a mere 25mg, a loss of 98.4 percent under Federal Reserve management. Everyone knows about devaluation, yet few realize how far it’s gone. We attempt to use prices to adjust the dollar. The basic idea is to calculate how much less the dollar can purchase today. For example if the grocery bill for milk, eggs, bread, and cheese doubles, then it seems the dollar has fallen by half.

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