The US dollar index on Bloomberg.com (DXY:IND) compares the value of our Federal Reserve Notes against a basket of other world currencies. As the value of our dollar declines through redistribution and the unchecked policies of the Federal Reserve, the fruits of our labor (savings/retirement) are evaporating. Since January 1, 2011 through the end of April, the dollar has lost 7.59% of its value compared to other currencies. Almost half of this loss (48.7%) occurred in the month of April where the dollar declined 3.7%.
GRAPHICS AND FULL ARTICLE HERE:
http://ncrenegade.com/editorial/you-just-lost-3-7-of-your-savings-in-april/#more-1623
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