Has the US Dollar Lost its Credibility? Legitimate Concerns for the World's …

Has the US Dollar Lost its Credibility? Legitimate Concerns for the World’s …

Center for Research on GlobalizationOct 15, 2013

China National Offshore Oil Corporation (CNOOC) acquired the Canadian energy giant Nexen for $15 billion. … The dollar has lost 95% of its value since the Federal Reserve Bank was established in 1913 to control the money supply (See chart below).

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