Friday, July 11, 2008


MAYBE WE COULD RUN THE WORLD ON HOT AIR?


An interesting perspective on fuel (and other) price rises...

"The system and its apologists are desperate to keep this obvious truth hidden from the public, or at least to keep the public confused about it. For example, last week, U.S. Treasury Secretary Henry Paulson said that 'a weaker dollar cannot be blamed for soaring oil prices.' This is on par with saying that 'heavy rain cannot be blamed for flooding in the Midwest.'

Proof – and this is where that pesky 'reality' thing really gets in the way of a good lie – is that gasoline prices have hardly changed in terms of real money. A gallon of gasoline today costs about $4.10 in American fiat money, but can still be had for less than a quarter-ounce of silver. [Currently 18.37 per ounce and rising]. A silver quarter from 1964 or earlier contains nearly a quarter-ounce of silver, and, despite fluctuations in the price of the two commodities, will usually buy roughly a gallon of gas. This situation has changed little in decades."

2 comments:

Chancy said...

HOT AIR ??

You must know that our US Congress and executive branch are the largest producers and exporters of HOT AIR in the developed world.
We are sitting on a gold mine.

Bob Brady said...

And way cheaper to manufacture than any other biofuels...