posted on Jun, 7 2008 @ 04:52 PM
I tell people this all the time. It's not a difficult thing to grasp really, but I'm usually met with a blank stare.
Nope, oil prices aren't going up that drastically. It's the fact that it's measured in terms of the US dollar and its value is going down
The higher price of gas were paying now in the US is a nice distraction to the fact that the dollar is down the tubes. Everyone is worrying about the
price of gas and what to do to bring it down. In reality a change in our monetary policy is more important than digging for oil in ANWAR (which I
think is important too).
Good thread! This is an important fact people need to realize.
Edit to add: I just watched the Ron Paul video. He took Bernanke to freakin task. I wish we were calling him "Presumptive Nominee".
[edit on (6/7/0808 by PistolPete]