The US Federal Reserve devalued the dollar by 78% in 107 years since 1913, achieving the same percentage debasement as the Roman Empire's denarius in a shorter time period, yet this currency destruction is not widely understood by American voters or politicians.

factualpending

Speaker

Keith McCulla

Evidence Quote

the Federal Reserve took less time to devalue its currency by about the same amount as the Romans... in just 107 years since you know 1913 this happened

Source

Hedgeye Investing Summit Fall 2024 | Daniel Lacalle, Chief Economist at TressisHedgeye
Created: 8/12/2026, 6:00:34 PM

My Notes

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