Iranian President Ahmadinejad understands inflation better than most U.S. politicians:
“At a time when the growth of consumption is lower than the growth of production and the market is full of oil, prices are rising and this trend is completely fake and imposed,”
[...]
“As you know the decrease in the dollar’s value and the increase in energy prices are two sides of the same coin which are being introduced as factors behind the recent instability,” Ahmadinejad said.
As Ron Paul has been explaining for years, the oil bubble we are experiencing has nothing to do with lack of supply and everything to do with monetary inflation.
Theoretically, thats correct. Economic version. But for a tall person to duck under the table, is not that easy. Doctor will advise him to be more careful with his spine. Otherwise, that tall man has to visit the doctor, MAYBE because of the spinal injury. Iraq, and the Arab countries, are not a doctor. Also not that tall man. They are the carpenter. They make the desk. They will laugh at the tall man to crawl under the desk. They will see any injury people to visit the doctor. Their concern is to sell the desk. They will get cheap raw material because they don’t own the panels. From a poor country that have to deforest-tation to meet their demand. They buy at cheap price from the poor, to pay..they sell at higher price opf their oil..So they gain. Having said that, they should have remembered that they were once poor and troubled. They are just LUCKY to be with the messenger to be born on that land. I call for a challenge that Nijad share half of the cost of the price of the oil, say 50-50. He will answer you that he has no money, so goes the theory of dollar value or irresponsibility. They just turn and go off. Easy to speak thru the nose while forgetting many people down south are living on usd1.0 per day to survive with 3 kids 1 wife. I think all the management and financial theory is no more relevant to face this reality, because there is Arabs, and there is WRONG economist around us. We are lucky still having the internet at home to write. So, theoritically, the oil producing country who is controlled by the oil speculators, having another theory, that is ..sleep and see the money rolls by Nijad and the king of Mecca. ..in this new economic theory, I would like to exchange my bed to the king in Mecca while he sleep in my small room. Then, the money theory also changed. Worldwide. < KYB, OU Kansas1989.
In short, Reality Is. The world leaders failed to address the issue of sharing togetherness sympathy..At this juncture, if thats true what Nijad said, I lost respect towards him, no more, after all he is easy to duck under the desk..he can disappear anytime..I challenge him..exchange the forex..