On Sunday, former White House communications director and investor **Anthony Scaramucci **said that inflation has steadily weakened the U.S. dollar, creating what he described as a widespread illusion of wealth among Americans.
In a post on X and a video message, Scaramucci said the dollar "didn’t just weaken — it quietly robbed you," arguing that the currency has lost roughly 28% of its value over the past five years due to inflation.
"Everyone thinks they got rich. They didn’t," Scaramucci wrote. "The measuring stick got warped."
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On Sunday, former White House communications director and investor **Anthony Scaramucci **said that inflation has steadily weakened the U.S. dollar, creating what he described as a widespread illusion of wealth among Americans.
In a post on X and a video message, Scaramucci said the dollar "didn’t just weaken — it quietly robbed you," arguing that the currency has lost roughly 28% of its value over the past five years due to inflation.
"Everyone thinks they got rich. They didn’t," Scaramucci wrote. "The measuring stick got warped."
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He said inflation allows politicians to escape accountability because rising prices make nominal wealth look larger, even though money buys less over time.
"People confuse bigger numbers with more wealth," he added.
To illustrate his point, Scaramucci compared U.S. home prices using gold rather than dollars as a benchmark.
He said his parents purchased a house in 1962 for about $16,000, when gold was priced near $35 an ounce, translating to roughly 457 ounces of gold.
Today, he said the same house is valued around $750,000, while gold trades near $3,300 an ounce — equivalent to about 227 ounces.
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Scaramucci argued that inflation distorts perceptions of prosperity, pointing to the idea that $1 million today carries far less purchasing power than it did decades ago.
"You’re not richer," he said. "The currency is weaker."
The dollar didn’t just weaken — it quietly robbed you. Down 28% in five years.
My parents bought their house in 1962 for $16,000.
Back then, gold was $35 an ounce. That house cost 457 ounces of gold.
Today, the house is "worth" $750,000. Gold is about $3,300 an ounce.
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Scaramucci’s comments come as the U.S. dollar index, which measures the dollar against a basket of six major currencies, has slipped from its 2022 highs.