Current Events-world economy

http://usawatchdog.com/gas-prices-signal-tsunami-of-inflation/

Everybody just keeps printing paper and printing paper and more paper...It's just paper. You know, it's an amazing concept to me that we barter with paper. Without the economic back-up, trading with paper sounds ridiculous. The world will bail itself out with paper and then the world will itself to someone else.

At the end of the day, greed will be used to convince the masses, by force or by "free" will, to accept the agent thereof.

From the article..." Nothing will signal a tsunami of inflation (caused by currency creation) faster than rising oil (and gold) prices. I think it is a lock that people around the planet will be paying much higher prices at the pump."

 and...

" The problem is not one of supply, but of too many dollars created to bail out Wall Street banks that should have gone into bankruptcy. Prices for regular gasoline in America are approaching $4 a gallon and, in some places, they are approaching $5 a gallon. According to a post on Forbes.com titled “Gasoline Prices Are Not Rising, the Dollar Is Falling,” relative to the price of gold, gasoline is cheap.

 “At this point, we can be certain that, unless gold prices come down, gasoline prices are going to go up—by a lot. And, because the dollar is currently a floating, undefined, fiat currency, there is no inherent limit to how far the price of gold in dollars can rise, and therefore no ultimate ceiling on gasoline prices.”

http://www.forbes.com/sites/louiswoodhill/2012/02/22/gasoline-prices-are-not-rising-the-dollar-is-falling/