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High Commodity Prices Not The Result Of The Fed – Really?

Written by Lance Roberts | Jul, 11, 2013

Commodities_vs_QE_041111The Federal Reserve’s Janet Yellen has proclaimed today that the run in commodity prices is absolutely not the result of the Fed’s Monetary Policy programs such as Quantitative Easing.

Well, one doesn’t have to go much further than a chart of the Commodities Index as compared to when Quantiative Easing was started, stopped and restarted again to argue to the contrary.

At some point the lying by the Federal Reserve to pull the wool over the voting public’s eyes will wear extremely thin especially as more and more of the discretionary income by the “average American” is being put directly into the tanks of automobiles and the grocery ticket.

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