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<blockquote data-quote="wkmac" data-source="post: 947119" data-attributes="member: 2189"><p>Is oil really going up in price or is the price at the pump an actual manifestation of the declining value of the dollar because of inflation of the money supply as an answer to self inflicted economic crisis?</p><p></p><p>Others have clearly showed that oil is up in price only in relationship to the value of the Federal Reserve Note denominated in dollars but in relationship to other commodities like gold when compared on par, oil has gone down in price.</p><p></p><p>Hmmmmm!</p></blockquote><p></p>
[QUOTE="wkmac, post: 947119, member: 2189"] Is oil really going up in price or is the price at the pump an actual manifestation of the declining value of the dollar because of inflation of the money supply as an answer to self inflicted economic crisis? Others have clearly showed that oil is up in price only in relationship to the value of the Federal Reserve Note denominated in dollars but in relationship to other commodities like gold when compared on par, oil has gone down in price. Hmmmmm! [/QUOTE]
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