Gas at 20-cents/gal in USA today! by piratenews

REAL WORLD EVENT DISCUSSIONS

Gas at 20-cents/gal in USA today!

POSTED BY: PIRATENEWS
UPDATED: Thursday, May 19, 2011 18:26
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Thursday, May 19, 2011 6:26 PM

John Lee, conspiracy therapist at Hollywood award-winner History Channel-mocked SNL-spoofed PirateNew.org wooHOO!!!!!!

Sign at Ashland, Oregon gas station

Two Roosevelt dimes contain 0.14468 oz of silver. If gas costs $4 in FRNs, then the implicit price of silver that makes $4 equivalent to 0.14468 oz of silver is $27.65 per ounce. So, this price seems roughly in the ballpark. But, if we take $35, which is nearer today’s silver’s price, then the implied price of gasoline is $5.06, which is steep. At any price less than $5.06, I’d hold on to the dimes and use FRNs. One has to be careful about these things. One also needs a conversion table. This could be sold as an application on a handheld device. I’m giving away a profitable idea here. The device could read in the spot price of silver from a web site. The user punches in the FRN price. Then the equivalent amount of silver coin is the output.

http://www.mountainviewcoins.com/gold-silver-content-us-coins.php

It only costs 4-cents to produce 1 gallon of gas and deliver it to the pumps...that's in private "Federal" Reserve Notes (US "dollars" have not existed since 1913).

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