The Disappearing Dollar Dec 9, 2003 10:39:16 GMT -5 Quote Select PostDeselect PostLink to PostMemberGive GiftBack to Top Post by RS Davis on Dec 9, 2003 10:39:16 GMT -5 [glow=red,2,300]Rep. Ron Paul, MD Wrote:[/glow]The inescapable truth is that the value of the U.S. dollar has fallen over 30% in the past year, which to most people would not seem indicative of strength. There are several reasons for this decline, but the single biggest factor has been Mr. Greenspan’s relentless increase of the money supply. There are roughly sixteen trillion dollars in worldwide use today, five trillion more than when Greenspan became Fed chair. The law of supply is immutable: When dollars are abundant they are also cheap. - Rick
