More on the Rising Oil Price/Inflated Dollar

Saw this today on the Enigma Curry blog. It was posted in early January of this year but is just as applicable now. In the video clip Ron Paul clearly explains the relationship between gas prices and the inflated dollar, as well as the impact the Iraq War has on gas prices (completely the opposite of what the neocons initially claimed, that oil would cover the war costs). Ron Paul lays it all for us but few Americans listened to him, and of course now the gas prices are even higher than they were then.

To quote from Enigma Curry:

The value of oil hasn’t changed at all — instead, the value of our dollar has tanked. The value of oil, relative to gold, has sat unchanged since 2000 (and even well before that). This means that if you got your paycheck in gold instead of dollars you’d still be paying the same price for gas as you were a decade ago.