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Which currency has the US been devalued by 35% against? Euro? Swiss frank? Japanese Yen? NZD? TWD?
by midasuni 5y ago
Which currency has the US been devalued by 35% against? Euro? Swiss frank? Japanese Yen? NZD? TWD?
- roenxi 5y agopoints at the gold price I mean, if you want to argue that the quantity of money goes up by 35% and the value is down just a little bit then it is unlikely you're going to convince me. It strains credulity. A lot of new dollars are being created.
- throw0101a 5y agoThe price of gold has been been on an upward trend since 2018: * https://fred.stlouisfed.org/series/GOLDAMGBD228NLBM https://fred.stlouisfed.org/series/GOLDAMGBD228NLBM It was on a downward trend from 2012-2014, and was mostly flat 2014-2018.
- deleted 5y ago[deleted]
- quickthrowman 5y agoIt hasn’t devalued 35%, more like 10%. You’re pretty close on which currencies though. It has devalued against a basket of the first three currencies in your list, plus Euro, CAD, and Swedish krona: https://en.m.wikipedia.org/wiki/U.S._Dollar_Index https://en.m.wikipedia.org/wiki/U.S._Dollar_Index US Dollar Index chart: https://www.cnbc.com/quotes/.DXY https://www.cnbc.com/quotes/.DXY
- midasuni 5y agoSame level it was 6 months ago