Gold Standard

NYMEX: Speculators Aren't Driving Oil Market

The only supply and demand driving today's commodity market (not just oil, look at gold and other valuable commodities), is the OVER supply of worthless US Greenbacks or Federal Reserve Notes (I refuse to call them dollars, because a dollar is a measurement of gold), and the non existent DEMAND for that worthless fiat currency.

The US Government and its partner in crime, the Federal Reserve have been inflating the Greenback for 95 years. Since the 1970's the money supply has grown by over 1500%, and it the last few years to pay for the war in Iraq, the printing presses have been running full tilt. This is why the Greenback which used to be worth more than the Euro, is now worth considerably less.

Had the US stayed on the Gold Standard, just like the Constitution demands, oil would be currently trading at around $3 per barrel.