Picture of the week: Canadian Dollar purchasing power from 1971 to 2008


Supply Fold-Increase
Change in Unit Value (%) 1971-2008
Gold 1.8 310.4
CHF 3.8 -23.7
JPY 15.9 -25.4
USD 16.8 -81.1
CAD 15.4 -84.4
AUD 33.5 -88.2
GBP 12.6 -88.3

Mike Hewitt: “The United States is not alone in pursuing inflationary monetary policy and steadily inflating its money supply. Available historical exchange rate and money supply data permit similar analyses for other major currencies. We provide a similar analysis for (1) the British Pound, (2) the Canadian Dollar, (3) the Australian Dollar, (4) the Japanese Yen, and (5) the Swiss Franc for the same period (1971-2008).”

* From Money Supply and Purchasing Power, by Mike Hewitt, DollarDaze.org
Link: http://www.24hgold.com/english/news-gold-silver-money-supply-and-purchasing-power.aspx?article=1867907662G10020&redirect=false&contributor=Mike+Hewitt

© 2007 DollarDaze

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