Well, given the rate of price inflation indicated in the diagram, perhaps we should say 'a picture worth a billion words'! It appeared on Zero Hedge which is lucky because I have been meaning to bookmark that always interesting and perceptive site and now I have done so.
The author reminds us that the first ominous rise in price inflation began with the creation of the Federal Bank, the equivalent of the Bank of England 'over there'. However, the rocket fuel was injected when Nixon took the USA off the gold standard in 1971.
