Higher commodities prices and a lower dollar are partially due to the scale of past money creation, of course. They are also due to the zero savings rate and resulting need for the US to import $700 billion a year to fund domestic investment. They are also the result of systematic accumulation of strategic reserves by enemy states. They are also the result of a deliberate policy to attack the US economy to force it to end its war abroad. They are also the result of rank speculation, not all of it likely to prove sustainable. They are also the result of real capital losses making some past debt creation less sound than it looked a couple of years ago (too many AZ houses and not enough oil drilling equipment etc).
But you still haven't managed to show the slightest harm to yourself in the matter. It was so obvious to you that commodity prices were certain to spike because of excess money creation by the Fed, right? So you were long lots of commodities and short lots of dollars by owning them with high leverage, right? So you are making out like a bandit, maybe even picking everyone else's pockets, right?
No? Did you find any of it a little harder to forsee? Why would that be? Or do you imagine you have a right to your 50 to 1 leverage futures trades paying off big and *also* the dollars they pay off in being worth more than yesterday? You *did* win gobs and gobs on such trades though, didn't you? Please don't tell us you are predicting only things in the rearview mirror.
You write this wonderful stuff:
Higher commodities prices and a lower dollar are partially due to the scale of past money creation, of course. They are also due to the zero savings rate and resulting need for the US to import $700 billion a year to fund domestic investment. They are also the result of systematic accumulation of strategic reserves by enemy states. They are also the result of a deliberate policy to attack the US economy to force it to end its war abroad. They are also the result of rank speculation, not all of it likely to prove sustainable. They are also the result of real capital losses making some past debt creation less sound than it looked a couple of years ago (too many AZ houses and not enough oil drilling equipment etc). And then you reach the following infantile, idiotic, illogical conclusion:
But you still haven't managed to show the slightest harm to yourself in the matter.
Right after you just catalogued all kinds of financial horrors and disasters which hurt everyone in the economy who wasn't sucking off it to buy a park ave condo.