"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Why Gas Prices Are Actually Falling
Submitted by Westernerd on Sat, 2012-02-25 04:00
"When viewed in relation to gold, gas prices are low…only 82% of their average over the past 41 years."
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Comments
Too bad my car don't run on gold.
Over 60 years ago an aunt, long deceased now, gave me a silver dollar. I still have that 1921 Morgan in a special purse to keep it from wearing out. I carry it every day.
In the early 50's in Texas I could buy around 10 gallons of gasoline with a silver dollar. In fact the very first "self-service" gas station I remember was a Momma/Poppa station on Old Hwy 90 (long before Interstate 10) outside San Antonio -- Pop repaired and serviced cars & trucks, Mom exchanged paper "money" (still "silver certificates" before predators of state ended that) for silver dollars.
Drop a silver dollar into the pump, you got around 10 gallons of gas. Today spot silver is a little over 35 government notes of debt ("frn"), you can still get almost 10 gallons (some days more, some days less) for the value of a silver dollar.
Sam