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The US dollar had more value than it does today before 1971. Every dollar used to be backed by gold which made it have more value. Now the US dollar is just a fiat currency that is backed by nothing.

This is one of the reasons that the value decreases over time, which it what inflation is.






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Jerry Fetta

Jerry Fetta is the CEO and Founder of Wealth DynamX. He is a nationally recognized financial expert featured in Forbes, Yahoo Finance, Fox, Chicago Weekly News, New York Finance, interviewed on over 45 podcasts with world renowned experts, earning endorsements and affiliations throughout his career with names like Kevin O'Leary, Grant Cardone, Dave Ramsey, and Pamela Yellen.

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