02-11-2017, 12:57 PM
Lets quickly correct a couple of notions, especially before Zippy gets in here and ruins everything.
First, our money is just printed, but what gives our money value at this time is Oil. As a result, we have ended up with the Petrodollar.
Although it is correct to try to take the idea of the dollar having less value when applying it to other items, those other items that the value of the dollar is being applied to are not giving dollar currency its value. Oil does. Thus, we are not talking about the Eggdollar or Pizzadollar or DVDdollar. Its called the Petrodollar because of the OPEC ties of oil to the value of dollar currencies. Youre much better off not trying to make associations with the dollar with all other things directly. Indirectly, yes, there are effects, such as Inflation that causes the cost of items like eggs and shoes and various tools to go up and down, the most effective measure is the Dollar to Oil ratio, or the value of a barrel of gas / oil in a numeric dollar quantity.
And for those poor souls that are truly clueless enough to not know that french fries come from potatoes, Gasoline comes from Petroleum, where Petrol is an abbreviated form of the word, and mostly interchangeable with Oil. Although most people know this, you have to keep in mind that there are many people in the world do NOT know that, just as 8 year olds do not understand that french fries come from potatoes.