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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Hawkmoon who wrote (3598)2/21/1999 3:35:00 AM
From: paul ross  Read Replies (2) of 81840
 
>>>But replacing a currency fully backed by the US government and its people, a gov't I might add, that has NEVER (so far as I can find) canceled, devalued, or confiscated its paper currency as history shows so many European nations having
done.>>>

I'm a little confused, Ron. Using this Inflation Calculator here: jsc.nasa.gov
(and scroll down)
If you plug in 1997 in "From" slot and plug in 1971 in "To" slot (when Nixon fully abandoned the gold standard), you get a value of 25.2 cents. Wouldn't that be sort of a devaluation?
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