The Fed's interest rate cut yesterday should have made it clear to everyone that central banks are in a race to the bottom and are deliberately devaluing their currencies. The splitting up of the energy markets thanks to the rise of the BRICs and the associated targeted devaluation of the Chinese yuan is exerting immense pressure on the dollar. The interest rate cuts we will see in the coming months should set a possible commodity super cycle in motion and we will reap the harvest of extremely high inflation a little later!