Quote:
Originally Posted by Bay Kid
In a short two years we now have funny money. Thanks you guys
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I disagree with the contents of this post...........because oil prices and amount of inflation and interest rates are NOT controlled by 1 person, 1 government, or even one country. World-wide oil price is controlled by supply and demand. There are probably (guessing) about 100 countries that have oil in the ground. That's the supply part. On the demand side, in general, the 1st world countries would use the most. Countries with a large GNP and a large population would be the bigger oil users and create the most demand. As a thought experiment, imagine where the price of gas would be if the population of China was ZERO people - world demand would drop significantly and oil prices would drop.
.........Wars in the world can threaten supply and thus drive oil prices up.
.........So, what some might call "funny money" is really worldwide inflation caused by many worldwide factors - some like war can be controlled by no one and can accidentally spiral out of control. Luck sometimes controls the fate of the world.