I also get a funny feeling about some of these links.."UPDATE: Because we get a ton of emails from Stansberry victims, we’re offering everyone special pricing to show you not everyone in the stock picking business is evil. If you’ve been abused emotionally and financially, please contact me and we’ll tell you all about how we can help!"
The main points that Stansberry makes in the video are very convincing to me. Primarily, he points out that the world's currency is the US dollar and the our government are the only ones who can print money. Oil is only measured by US dollars, so any country has to buy US dollars first in order to buy oil.
And since we don't have to buy US dollars like any other country for oil, we can just print them out. China, Russia, and several Euro countries should be pissed, and rightfully so. Look at their gas prices...... 2-3x more than ours.
Price comparisons are not all created equal. Comparing gas prices across nations is always difficult. For starters, the AIRINC numbers don't take into account different salaries in different countries, or the different exchange rates. The dollar has lost considerable ground to the euro recently. Because oil is priced in dollars, rising oil prices aren't as hard on people paying with currencies which are stronger than the dollar, as they can essentially buy more oil with their money as the dollar falls in value.[...]Gas price: It's all about government policy. Gasoline costs roughly the same to make no matter where in the world it's produced, according to John Felmy, chief economist for the American Petroleum Institute. The difference in retail costs, he said, is that some governments subsidize gas while others tax it heavily.In many oil producing nations gas is absurdly cheap. In Venezuela it's 12 cents a gallon. In Saudi Arabia it's 45.The governments there forego the money from selling that oil on the open market - instead using the money to make their people happy and encourage their nations' development.Subsidies, many analysts say, are encouraging rampant demand in these countries, pushing up the price of oil worldwide.In the United States, the federal tax on gas is about 18 cents a gallon, pretty low by international standards.
Drivers in 11 European countries are now paying an average of more than $6 a gallon for gasoline, according to Britain's AA Motoring Trust. "We have always looked upon you Americans with a lot of envy" about gas prices, said David Williams of the trust, an independent research group that advocates for British motorists.European governments have long used gasoline taxes not only as an important source of revenue, but as a policy tool to drive down oil consumption and reduce pollution.Williams said taxes account for about 66 percent of the pump price in Britain - so of the current average price per gallon of $6.48, about $4.27 goes to the government.U.S. drivers pay an average of about 46 cents per gallon in combined state, federal and local taxes, according to the Tax Foundation, an independent organization in Washington.
This on top of us already being in a huge debt, as in approaching the point where we can't even afford the interest on our loans, seems like a problem to me.
http://www.berkshares.org/
I do not think it is correct.