Forget about what CNBC and the politicians have to lie say about inflation … this chart tells the whole story:
Agoracom Blog
Commodities In Virgin Inflation Territory – Wonder Why Developing Nations Rioting? View Chart
Posted by
at 8:00 AM on Thursday, February 3rd, 2011
Anthony, take a look at my most recent blog post “CNBC Sets Jim Rogers Straight On Commodities – Despite Being Wrong For A Decade”
Jim explains why investors put their money into commodities when governments debase their currencies.
In a sinister way, US QE will benefit the US further as global unrest drives investors back to the “safety” of US treasuries, which keeps interest rates low, which allows for QE3, 4, 5 and so on.
It’s a vicious cycle that I wrote about a few months ago – and it is happening now.
The big question is how will foreign governments respond to US tactics?
Though I can only speculate on the answer, I do know that any response will create turmoil and drive more and more investors to gold and silver.
The party is just getting started.
Thanks for chiming in and hope to see you posting further comments in the future.
George
As the United States inflates its money supply through Quantitative Easing, it’s investment banks are increasingly speculating on commodities and driving up food and energy prices world wide. The Americans are causing economic hardship and even hunger in developing nations resulting in riots, civil unrest and revolution as people get desperate obtain the basic necessities of living for themselves and their families.
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