FA, the USD is the senior currency. If you debase it by printing more of them to reduce its buying power and prices go up because of the true value of the commodity. If the Fed manipulated money supply and swap debt then you guessed it the USD buying power changes.
Where is there false belief, that is absolute fact and market volatility is partially attributed to that fact. What does belief and faith have to do with it?
Tell you what FA, you go buy a bushel of apples to sell in your home town and watch as I print so much money that your apples are priced at 100 times the price you picked them at. Or vice versa, when I stop printing money and raise rates so high that people end up hording their currency. See how that impacts what price you sell your apples at. Yes supply and demand can be there but if I control the currency that you exchange your goods at I can easily choke your free trade system in a way that will increase or decrease demand in a big way.
As far as Oil is concerned its a a nonrenewable resource that will soon (3-5) years get a big boost in supply, or in China's case cut demand from the global source.
BTW - what are you trading your commodities in? Gold? Sheep? Yen? When the USD does collapse what do you think is going to happen to those commodities. Sure they will go up in price but how will you exchange them to get your vast fortune? By what ever new currency vehicle the world dictates will be the de facto. And more than likely it will be at a static price predetermined by the powers that be. Remember the 1930s and the fixed gold price.
Like I saw posted on another board. Take Prechter, the guy called a market top in the 1980s, and for the most part he was right if it wasn’t for inflation. The market still rallied. If you sold you would have missed out on a decade long blow off top, exuberant or not. If you sold short on margin you would have lost it all. Inflation adjusted or not a margin call is a margin call and the markets live in the here and now. If you keep calling for the USD collapse there is a possibility that you will be right, eventually.
As far as I can see the major markets are in a pivotal point in time and price and are prepared to make a large swing in one direction or another. Gold, and Equity Indices are trading on their 2 year long rally trendline, foreign currencies are bubbling, the USD is forming a triangle pattern (continuation or reversal). There will be a move in one direction or another and for people like me we are waiting for the big move to occur. Until then I'm in a wait and see mode and just speculating the possibilities and probabilities.