Oil Prices Pass Inflation-Adjusted Record

[rpm]

Based on Kellogg's Corn Flakes, I'm Warren Buffet.

[Holden McGroin]

Originally posted by rpm
Based on Kellogg's Corn Flakes, I'm Warren Buffet.

Last I checked, no currency was ever based on corn flakes.

[rpm]

Last I checked, the US economy was'nt based on gold.

[edit: you can thank a Republican for that]

[Hungry]

Maybe the only good news is, is that by the time the US Gov't admits to a recession it's usually at least half way over.

[Holden McGroin]

Originally posted by rpm
Last I checked, the US economy was'nt based on gold.

[edit: you can thank a Republican for that]

It was never[/b] based on corn flakes.

Yeah it was Nixon who took us off the Gold standard.  But by 1976, all the major currencies were fiat.  Which repuiblican are you going to blame for that?

[rpm]

Hold that spin!

You took this to a "versus gold" arguement. We are talking real world currency. How many $20 gold pieces do you use to fill up?

[Holden McGroin]

Originally posted by rpm
Hold that spin!

You took this to a "versus gold" arguement. We are talking real world currency. How many $20 gold pieces do you use to fill up?

What spin?

I paraphrased a Ron Paul statement showing that the problem is possibly the value of currency rather than the true cost of oil.  That is all.

You (as is your habit) blamed republicans.  It seems as if you believe a fully 100% demo govt would not be as screwed up as the present partisan climate.

[Shamus]

If gold hits 10 grand or so do you think the government will make it illegal to own again?

shamus

[crockett]

Originally posted by john9001
if the US economy collapses, who will OPEC sell it's $100 a barrel oil to?

China

[SuBWaYCH]

Originally posted by 2bighorn



So... Which team is going to win Stanley Cup?

Well, i've got my fingers crossed that the Isles make the playoffs, but they won't win the cup....

My money is Minnesota, Boston, New Jersey, or Dallas to take home the Cup.

[rpm]

Originally posted by Holden McGroin
What spin?

I paraphrased a Ron Paul statement showing that the problem is possibly the value of currency rather than the true cost of oil.  That is all.

You (as is your habit) blamed republicans.  It seems as if you believe a fully 100% demo govt would not be as screwed up as the present partisan climate.

Unless you have been paid in gold since '72 when Nixon took us off the gold standard the ratio of gold to gasoline makes absolutely no sense. I took that unlogical theory to the next unlogical step, Kellogg's Corn Flakes.

My political beliefs have nothing to do with the ratio of corn flakes to petrol. It's not my fault a Republican took us off the gold standard, now is it?

[lasersailor184]

Good thing we aren't drilling in Anwr, or off the gulf coast.



I think we should stage a faux environment disaster to distract the hippies from what needs to be done in the Gulf and Alaska.

[rpm]

Originally posted by lasersailor184
Good thing we aren't drilling off the gulf coast.

Uh, what fantasy world are you living in?

[Holden McGroin]

Originally posted by Holden McGroin
I paraphrased a Ron Paul statement showing that the problem is possibly the value of currency rather than the true cost of oil.  That is all.
 

Originally posted by rpm
Unless you have been paid in gold since '72 when Nixon took us off the gold standard the ratio of gold to gasoline makes absolutely no sense. I took that unlogical theory to the next unlogical step, Kellogg's Corn Flakes.
 

I can show numerable instances where gold was a standard, and arguably still is, considered a standard of constant value.

It is therefore logical to use the value of gold as an economic constant value standard.  After all the value of the dollar and other currencies are by definition of inflation not of a constant value.

Unless you can find me a currency in the history of civilization which was based in the value of breakfast food, I will have to agree with you that your corn flakes statement was illogical.