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Depreciation of British Pound 1900-2000

When the Bank of England was formed the powers to create money was finally transferred to private hands. The creation of Fed in US, was just a part of this cycle. Though it is a common knowledge US Dollar has depreciated nearly 100% since the creation of Federal Reserve, the same is the case of all the currencies across the globe. For example, below is the UK Parliament data that highlights the depreciating value of Pound.

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Comments

  1. MadameMonet26 April 2008 at 11:45

    I am not understanding the point of this post. Are you just reporting that this has happened? What I want to know is if you feel this has any SIGNIFICANCE. It doesn't sound any different than inflation to me.

    Madame Monet
    Writing, Painting, Music, and Wine
    winewriter.wordpress.com

    ReplyDelete
  2. Falkor26 April 2008 at 23:25

    Yes, this is inflation.

    Inlfation can be looked in two ways: one, increase in prices or decrease in the value of unit with which we are buying.

    My point is: Fed is usual butt of jokes when inflation/depreication is concerened, whereas this is exactly what ALL nations with fiat currency have done. Fed is not lone sinner.

    Falkor

    ReplyDelete

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