The fake oil crisis
05.09.2012 20:41 in money
The chart below shows the price of a barrel of crude oil, plotted in dollars and in Gold Globals.
Each Global is 0.1 gram of fine gold, an easy unit to think and work in.
The true price of oil in nature's money that is gold remains bound - the price of oil in 1946 to 1949 is the same as in the current era in 2008 to 2012. The price of oil in the United States Dollar, on the other hand, vividly demonstrates that there is a fake oil crisis.