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Ninety-five percent of the once powerful U.S. Dollar has passed away since 1940, having suffered from cancer of inflation for over 50 years. The unit was once the world's leading money and the main component of monetary reserves, acting as a gold substitute. At one time, some 21,861 metric tons of gold backed the Dollar at the peak of its strength, and it was the most respected and sought-after currency on the globe.
But a government policy of full employment, and subsequent inflationary money-printing to enforce the policy, soon infected the Dollar, eating away at its gold marrow. The disease spread so rapidly in recent years that artificial propping was required for the unit to maintain the appearance of 'A Dollar is a Dollar."
Funeral services await the demise of the remaining five percent.
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Book Description Pick Pub. Corp, 1981. Paperback. Condition: good. Enlarged 2nd. 0875515142. Seller Inventory # 521605