De-dollarization today, whether measured in central-bank gold purchases or shifting trade-settlement patterns, reflects a repeat of that loss of confidence. when it has no anchor, no credible backing, and no one willing to stop the printing presses. Just dig yourself a deeper financial hole by printing more currency. The cumulative effect on purchasing power has been substantial. In other words,That's a loss of roughly 85 percent of purchasing power over half a century — an outcome entirely consistent with the long-run behavior of unbacked paper currencies.