GA$OLINE

[Steve S]

Originally Posted By: Shannow
What, the seemingly universal "law" that when money supply is expanded, the price of goods expands to fill it ?

It's annoying from down here, as we've gone from 45cUS to our dollar and $45 US/bbl and $1/l petrol to 95cUS/dollar, $135US/BBL. and $1.50/l petrol

I honestly think that the rest of the world is subsidising US "hometown" fuel prices.
Good since the U.S.taxpayers subsidise much of the world .The taxpayers support most of the world in one way or another.

 

[Shannow]

Originally Posted By: Steve S
Good since the U.S.taxpayers subsidise much of the world .The taxpayers support most of the world in one way or another.


Proof ?

I keep hearing those laughable claims all over the internet, seems largely to be garbage.

 

[AcuraTech]

Originally Posted By: Steve S
Originally Posted By: Shannow
What, the seemingly universal "law" that when money supply is expanded, the price of goods expands to fill it ?

It's annoying from down here, as we've gone from 45cUS to our dollar and $45 US/bbl and $1/l petrol to 95cUS/dollar, $135US/BBL. and $1.50/l petrol

I honestly think that the rest of the world is subsidising US "hometown" fuel prices.
Good since the U.S.taxpayers subsidise much of the world .The taxpayers support most of the world in one way or another.


[censored]. A lot of people think the USA is the center of the universe, which isn't true. The US taxpayer dollar doesn't support most of the world. It supports interest payments on the debt the US government has racked up.

The reason that oil prices are tied into the dollar value is that oil is bought and sold with US dollars. I think that a few oil producing countries tried to get it changed to Euros, but the US put a strong shoulder into the gut of that plan and knocked the wind out of it.

 

[Shannow]

There's another one currently trying to trade in any currency that a country is willing to pay.