Commodities Parabolic, Bretton Woods III, Flight to safety; Bitcoin

This will be our most controversial blog yet.  We had plenty of help from third party sources.  Lyn Alden, our favorite global macro analysis sent this on twitter recently.  The Shiller PE Ratio nearing all time highs:
 

PE ratios this high, front run a recession.  This is an obvious sign.  However, the commodities picture is different.  It gives us more insight.  First Nickel, which hit $100K/Ton is in a short squeeze:

See the price highlighted in green.  It is 90 degrees, straight up!  Steel is going to climb as well due to this.  We already showed lumber prices last week.  So new homes construction is going to drop off even further.  Yet home prices are breaking records:

Price levels are breaking the housing bubble levels in 2004.  Home price appretiation is going to climb even higher under this commodity inflationary market.  Biden announcing today that Gas imported from Russia is now banned.  That is going to create an inflation rate much higher among these commodities! 

The US Dollar will be devaluating so that the debt can be paid back at devalued rates.  This could lead the US straight into hyperinflation!  Scary thought.  Gold is parabolic already and hitting all time highs:
 

Wheat (imported from Russia) is parabolic, and breaking the ATH since 2008.  Food inflation is here:

With this sanction on Russian Oil being imported into the US, this WTI Oil price will climb to $200/bbl: