[HangnJudge]

If they run that chart back to the 1960’s, or even back to the 1930’s one can see the dollar collapsed and never recovered, so anybody regardless of their position can make a case depending on the time period chosen.

http://www.federalreserve.gov/releases/g5a/current/

THE AVERAGE RATES OF EXCHANGE IN 2006 TOGETHER
WITH COMPARABLE FIGURES FOR OTHER YEARS.

MAJOR AVERAGE CURRENCY EXCHANGE RATE
MAR 1973 = 100
2006 82.46
2005 83.71
2004 85.37
2003 92.99

Clearly lower than 1973 but hardly ‘collapsed”

[Moonman62]

There’s a reason I said the 1960’s. 1973 is a couple of years after the Bretton Woods collapse and eight years after inflation started taking off, which had a big impact on the value of the dollar.