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Oil Prices are NOT Going Up
Rather the Value of a Dollar is Going Down
People are under the illusion that oil prices are uncontrollably going up, but this couldn't be further from the truth. What is seemingly causing the high oil prices isn't an oil shortage, it isn't because of greedy corporations, and it isn't because of labour costs. What is causing the illusionary increase in prices is the devaluation of the US dollar due to hyperinflation that has existed the past forty or so years. Here is a simple video, from a source who dubs himself "Jones", that explains the situation:
If we were to compare oil prices to silver/gold ratios, we will discover they have been nearly the exact same the past 40 or so years. This is an indication that the value of oil hasn't gone up, but the value of US currency has gone down. The value of US currency, and all currencies in general, have gone down because governments have been printing greater sums of paper money over the years. Currently, Ben Bernanke is going through a "quantitive easing" process with the US dollar. What does this mean? It's a fancy explanation for printing up mass sums of money, causing hyperinflation. By doing so, this is a "hidden tax", each dollar you have is subsequently less valuable. The prices of goods will certainly increase to match the level of inflation. You'll require more dollars in order to survive, which will put you on a higher tax bracket, provided the tax structure doesn't come under review. The net result is your money will be able to buy less and your taxes shall increase.
You can buy the same amount of oil with an ounce of silver or gold today as was several decades ago. Oil isn't going up, rather the dollar is going down.
-Donovan D. Westhaver
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