said by M3 Me :said by alternate energy :
I heard the other day the arabs plan to raise the cost of a barrel of oil to $200 US dollars. That would equate to approx $10. a gallon for gas! I don't think that will happen this summer, but it still will probably hit somewhere between $4 and $5 dollars a gallon this summer (East Coast - probably over $5 West Coast). So why is this happening? And what do you people plan to do about it?
There's an aspect of this that I'm surprised no one has mentioned yet. And that is that the assholes who keep printing money....keep printing money.
People don't seem to pick up on the fact that money is like anything else: as the supply of it increases, it's value diminishes.
So while I'm sure we're all grateful for those $600 checks we're getting, it might be a good idea to examine just how it's possible for a government that's $9 Trillion in the hole to suddenly cut everyone a check for six small.
Anyway, to answer your question: the reason it takes more US Dollars than ever to buy gas is because there are now more US Dollars than ever in circulation.
(I'm sure it's just a coincidence that M3 [money supply] is no longer reported.)
You forgot the best part about this 'free' money too; The majority of people are spending this money to purchase items overseas - mainly China. So not only is the government drastically increasing the rate of inflation, the citizens of this country are then throwing this money straight into China which further de-values our economy and strengthens theirs.
·
·
