We keep getting asked by readers: if the dollar is being devalued (as measured by consumer inflation and the rising price of gold), why is the dollar soaring against other currencies?

The answer, as Unleash Prosperity Economic Advisory Council member, Judy Shelton explains: while the dollar has lost half its value relative to the gold price over the past decade, most of our competitors have seen their currencies fall by almost twice as much in their value relative to gold.

This chart (the US dollar is in purple), shows that, as she puts it, “we are the least dirty shirt in the laundry.” But the shirt is still dirty.

Anyone who looks at this chart and thinks that BRICs (the much-hyped new super currency created by Brazil, Russia, India, and China) will supplant dollar supremacy, is floating around in la la land.