seconds: Million 0.0328 years; Billion 31.7 years; Trillion 31,710 years


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Monday, October 25, 2010

The dollar has lost 95% of it’s value since 1913, the year the Federal Reserve was created!

Dollar at Risk of Becoming 'Toxic Waste'

The dollar's slump could get far worse if the dollar index takes out last year's low, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.

"If the (dollar index) takes out the low that was made roughly a year ago I really think that will not only encourage more sales, it will cause a little bit of minor panic," Griffiths said. "A year ago it was deemed too cheap, if it goes any lower than that it's actually become toxic waste."

Lost 95% value since 1913

Lost 95% since Federal Reserve

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