The Shocking History of the US Dollar Devaluation

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[00:00:00]I want to be super clear on this.

[00:00:03]January 31st, 1934, a 41% overnight devaluation.

[00:00:10]December 18th, 1971, a 10% overnight devaluation.

[00:00:18]January 25th, 1973, another 10% overnight devaluation.

[00:00:27]And again, [laughter] just a couple weeks later, February 12th, 1973, another 10% overnight devaluation.

[00:00:42]Dollar devaluation, the new American reality. Do you see that headline?

[00:00:50]And that's all thanks to corporate debt passing as money.

[00:00:55]And frankly, it shows up in the data.