Greenback Has Lost 30% in Past 7 Years, Becomes "Bernanke Peso"

Greenback Has Lost 30% in Past 7 Years, Becomes "Bernanke Peso": "The dollar has lost 30% of its purchasing power during the last 7 years. Against gold, oil and other key commodities - and other major currencies - it is down much more. In many sunny places with shady finances, this must seem all-too familiar. The ‘banana republics’ did business this way themselves - running up huge debts to overseas lenders… selling off their capital assets to foreign savers… printing money by the boatload… and generally making themselves look ridiculous. Now, the kvetchers are labeling the United States as “the world’s largest banana republic.”"