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3 months ago, 1 BTC = 240 USD. Today, 1 BTC = 420 USD.

[Y]ou don't address that maybe it is the dollar that is unstable while BTC remains stable.

Indeed. However, USD has gained value and remained strong over the past two years (witness the withering prices of oil and gold), which shows BTC has increased even more in the past three months than its price in USD indicates. You can compare the gold prices of each to get another perspective: BTC vs. USD.

3 months ago, 1 BTC = 240 USD. Today, 1 BTC = 420 USD.

[Y]ou don't address that maybe it is the dollar that is unstable while BTC remains stable.

Indeed. However, USD has gained value and remained strong over the past two years (witness the withering prices of oil and gold), which shows BTC has increased even more in the past three months than its price in USD indicates. You can compare the gold prices of each to get another perspective: BTC vs. USD.

Oil costs just about the same today, as it did in 1950's.

http://pricedingold.com/crude-oil/

True - you pay more coins for the same amount of oil, today. But the problem isn't that the oil is more expensive. The problem is that the dollar is worth less. Almost worthless, in fact.

There will be a squad of self-appointed economics experts along soon, to remind us why the gold standard sucks. Of course, economics experts allowed the housing bubble and the subsequent crash, so take their explanations with a few grains of salt. Or a few shots of tequila and salt - whatever floats your boat.

I'll repeat: the value of oil, based on the value of gold, has remained very stable since 1950.

http://communities.washingtontimes.com/neighborhood/energy-harnassed/2012/jul/17/does-gold-set-price-oil/
http://pricedingold.com/crude-oil/

Talking heads, and the latest generations of "economists" would have you believe that the dollar is stable, while all other commodities fluctuate. The prices you see at the pump reflect, instead, the relative strength of the dollar.

Speculation does have a short transitory effect on the price of oil, or gold, or any other commodity. Thus, the spikes in the charts reflect speculation.

No, it won't. Stop talking out of your ass.

http://pricedingold.com/ They have many charts of commodity prices, many going back a hundred years. The trend over the time period is quite clear, where the prices of those things have generally fallen dramatically due to technological advance, while the trend over the last few years is sideways, while the prices of those things in dollars has gone up, up, UP, showing without a doubt that it is in fact the DOLLAR that is moving. You can tell that this is the case without even looking at money supply charts. If you did, your mind would recoil in horror, and you would either go into a catatonic state, or immediately move to a fortified mountain compound to wait "it" out.

No. Monetary manipulation is destroying the economy, which has lead to declining demand. Real costs of production in dollar terms are rising because the world is being flooded with dollars. Price oil in gold, and you will see what I mean. If oil really was becoming scarce, its real price would be rising. http://pricedingold.com/crude-oil/

I see what you've done there. Gold, as other commodities, has been priced through the roof lately, just like oil.

Further, think about what you are saying here. You are denying the fact of technological progress. This flies in the face of every decade of the past 400 years. You think technological progress has peaked too?

No, but there never has been a challenge like this: effect a radical technological change when a resource needed to do pretty much anything is becoming scarce. Actually, I'm wrong: there was this challenge for such advanced societies of their day as Maya or Easter Island Polynesians, and they lost.

So when I turn off my kitchen faucet, I would be right to say "peak water is here!"?

No. Monetary manipulation is destroying the economy, which has lead to declining demand. Real costs of production in dollar terms are rising because the world is being flooded with dollars. Price oil in gold, and you will see what I mean. If oil really was becoming scarce, its real price would be rising. http://pricedingold.com/crude-oil/

Further, think about what you are saying here. You are denying the fact of technological progress. This flies in the face of every decade of the past 400 years. You think technological progress has peaked too? You think everything JUST HAPPENS to be shutting down RIGHT NOW, when YOU are here to make crazy predictions? You think the world is REALLY ending THIS time, as opposed to the hundreds of thousands of other times people have predicted the end?

Do you see the fundamental flaw in your thinking?