ridelust.com — The value of oil has not been increasing in real terms, currency has just been decreasing in value. Oil is worth the same, the US dollar is just worth less. So maybe we need to shift our focus away from war and drilling; and towards a better economic policy at home.
Aug 17, 2008 View in Crawl 4
roodammy44Aug 18, 2008
They have large deserts ripe for solar cells though.......
beauleyAug 18, 2008
For those of us with children, "don't forget to turn out the lights" is a normal echo heard daily throughout the home almost like a broken record. For most of us here in the U.S., it is our way of reminding our children that energy today costs money, maybe a little too much.<a class="user" href="http://www.quazen.com/Science/Environmen">http://www.quazen.com/Science/Environmen</a> t/We-Are-A-Nation-Of-Energy-Waste.15854We Are a Nation of Energy Waste
apeweekAug 18, 2008
So the US dollar is now arguably tied to oil. Is this better than gold? Somehow I doubt it.
spacepoetAug 18, 2008
And Fort Knox was raided and pillaged years ago...
Closed AccountAug 18, 2008
Thanks!
bilabrinAug 19, 2008
Now you are on the right track and your argument is correct...EXCEPT that what you are talking about is called correction. We have not had a correction yet but the people who price oil know the real value of the dollar before correction and the fed does what it can to spread the damage around over time and make it a very gradual hit. The M3 Money supply data was discontinued in '03 because the psychological value of the dollar could not withstand that metric. Wall street gets to use the new money while it's still, in effect, counterfeited. By the time it gets to your street, it and all the other dollars you possess are worth much less. Why do you think banks are screaming for liquidity? We keep blowing up the bubble to avoid a correction. It's kind of like getting a bigger bump of heroin to stave off a nasty withdrawal.
azurensisAug 25, 2008
Lol! I think you are very confused about the things that have actual value.