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Do you honestly believe this? So then, you posit that all the oil producing nations are wantonly "raising prices" instead of accepting the fact that the dollar is worth less(not to say worthless yet) than it used to be. "Dollars" are also commodities. As you have more supply, their value goes down just like any other commodity. Also consider that the value of the "dollar" has declined because it is backed by the full "faith"(how often does our government lie?), and "credit"(now being reviewed and likely devalued by multiple rating agencies) of the US government(an insolvent body if there ever was one). A "dollar" is not always worth a dollar.
as your one dollar bill is always worth one dollar.
Originally posted by theregonnakillme
reply to post by sonofliberty1776
This is why the genreal public and governemnt were taken out of money supply. For two thousand years we lived through very rapid periods of boom and bust in a little as three years. The modern money system has kept everything very stable since the end of the second world war.
Read more here
The Consumer Price Index, the government's key inflation measure, fell 0.2% in the month, led by a 6.8% drop in gasoline prices over the same period. It was the first time in a year the monthly CPI reading decreased.
Economists surveyed by Briefing.com were expecting the rate to fall by 0.1% in June.
"The decline in overall inflation is a positive for consumer spending," said Joseph LaVorgna, chief U.S. economist for Deutsche Bank. "In general, lower gasoline prices are hugely stimulative to households - every one cent decline in gasoline prices frees up $1 billion in aggregate cash flow."