174
An Oil Price-Fixing Conspiracy Caused 27% of All Inflation Increases in 2021
(www.thebignewsletter.com)
this post was submitted on 07 May 2024
174 points (100.0% liked)
Anti-Trust
182 readers
1 users here now
a community focused on anti-trust news.
Friends:
- https://lemmy.ml/c/unions
- https://sh.itjust.works/c/unions
- https://lemmy.ml/c/coops
- https://lemmy.ml/c/labor
founded 11 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Not really. When we moved off the gold standard we moved to the oil standard. Just like oil we control the supply of currency. By controlling both they control oil prices, which in turn determines the price of everything else - food, automotive glass, electronics… all created by and transported by oil.