The Dollar’s Demise

“If Congress wants to find a scandal, the one to look at is the collapse not of Bear Stearns but of the dollar, which in the past seven years has plummeted to less than a 900th of an ounce of gold from the 265th of an ounce it was worth at the start of President Bush’s first term. To discover who needs to be held accountable for this collapse, Congress need only look in the mirror.”

The Scandal of the Dollar, NY Sun Editorial

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