User 143167

Global Food Riots May Kill Inflation

The Fed and its policy to debase the dollar is the most important ROOT CAUSE of this commodity bubble.
It is also their scheme to do in purposely so as to inflate out of this credit crisis. Don't worry about the fuel inflation, as the US is the biggest crop exporter in the world with plenty of crops to be made into biofuel. Currently the percentage of biofuel in total fuel consumption in this country is about 30%. We can certainly make it much higher if necessary. So America won't get hit by the skyrocketing oil prices as much as it do to the Chinese and Europeans.
Therefore, inflation is our FRIEND currently and it is the only way that America can let the world share the pain of this credit crisis. Otherwise, if it's a deflation, America will bear it only by itself.
So the Fed is actually very brilliant and this soaring oil is just part of its plan.