Lord Xar
06-06-2008, 05:16 PM
Perhaps i have this all wrong and I am not seeing things correctly, or have a sound grasp of economics etc...
It seems that to me, the oil rich nations are limiting their stock to drive up prices so that all that paper printed money is manipulated to reduce its effectiveness. For instance, if a government prints a boatload of money - well, THAT country in a global economy see's huge benefit worldwide because consumer goods can be bought/sold worldwide. To offset this distribution of wealth, these other countries drive up products so that we, as americans, have to pay more thus 'using up' all that printed money... not sure if I am expressing this in a knowledgeable way.
someone help me out.
It seems that to me, the oil rich nations are limiting their stock to drive up prices so that all that paper printed money is manipulated to reduce its effectiveness. For instance, if a government prints a boatload of money - well, THAT country in a global economy see's huge benefit worldwide because consumer goods can be bought/sold worldwide. To offset this distribution of wealth, these other countries drive up products so that we, as americans, have to pay more thus 'using up' all that printed money... not sure if I am expressing this in a knowledgeable way.
someone help me out.