Fiat, Power, and Statistics: Purchasing Power of the U.S. Dollar (1913-2013) 1913: Federal Reserve is created $1.00 $0.90 $0.80 $0.70 $0.60 $0.50 $0.40 $0.30 $0.20 $0.10 0 THE RESILIENCE GROUP www.resiliencegroup.com 1933: FDR's executive order makes it illegal to hold gold coin, bullion or certificates FOR 1944: Bretton Woods established the F USD as the world's reserve currency TO IL 1971: Nixon closes "gold window," end of Bretton Woods,beginning of the modern-day fiat currency system L11180916G 0.05 SHINSTON rasuverofthe lunited States 1913 1923 1933 1943 1953 1963 1973 1983 1993 2003 2013 Source: U.S. Bureau of Labor Statistics Fiat Currency

Purchasing Power of the US Dollar 1913-2013 1913 Federal Reserve is created $100 $090 $080 $070 $060 $050 $040 $030 $020 $010 0 THE RESILIENCE GROUP wwwresiliencegroupcom 1933 FDR's executive order makes it illegal to hold gold coin bullion or certificates FOR 1944 Bretton Woods established the F USD as the world's reserve currency TO IL 1971 Nixon closes gold window end of Bretton Woodsbeginning of the modern-day fiat currency system L11180916G 005 SHINSTON rasuverofthe lunited States 1913 1923 1933 1943 1953 1963 1973 1983 1993 2003 2013 Source US Bureau of Labor Statistics Fiat Currency Meme

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