| The “Fed didn’t do it crowd” has been floating this chart around the web. It purports to prove that commodities inflation is due to industrial demand and not to Fed money printing. But they left something out. “What’s that?” you ask. Why, they left out Fed money printing of course!
I don’t have the data for world industrial production. I will assume that the above chart is truthful and that the correlation it shows is accurate. In fact, I am sure that it is accurate. The only problem is that it attributes cause and effect while ignoring the root cause..............................................Full Article: Source
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