While looking around today at lunch I came across a video that touches on something we discussed here way back in Feburary.
The Washington Post decided to fact check and study a piece Ben Swann did about gas prices and their relation to the price of gold in his "Reality Check" segment of the Channel 19 News show some months ago.
Those videos are also posted in this topic.
The original post I made was on Feb. 24th on page 103 of this topic, if you would like to go back and look at it.
It seems the Washington Post is in total agreement with Mr. Swann and myself. Gold, NOT the fiat dollar is the benchmark for the price of oil, which tranlates into the price of gas.
When you have the price of oil moving over a 26 year period only 6 dollars in terms of gold, yet flexing over 89 dollars a barrel in Federal Reserve Notes, the data is very telling.
As I have said before, to the disdain of a few; Gold is money and in the rest of the world it still drives the bus. We better get our fiscal and monetary house in order soon or it is over.
And, no ladies and gentlemen, neither Obama or Romney will do a damn thing to change it. The money monopoly and the political duopoly at the top want things to remain just as they are. Simply because all the dough flows straight up to them. What is strangly ironic is some that have posted here in the past decry "Trickle Down Economics" yet seem perfectly fine with a "Pump to the Top" monetary policy?Fiat Dollar Is The Real Reason For High Gas Prices