December 19, 2007 (LPAC)--Heard Alan "Bubbles" Greenspan's line about "inflation a threat in 2008"? Since the end of July--the time that economist Lyndon LaRouche told an international Internet audience "the financial system has blown out," and the world's central banks started pumping bigger and bigger bailouts into the banking systems, here's what's happened to the prices of basic commodities. The bailouts themselves, by the central banks, have at least $2 trillion in injections into the banks to try to save dead securities.

Tracking the entire Dow Jones/AIG commodity price index, overall basic commodity prices have risen 5.9% during less than five months since Aug. 1.

But when it comes to all the agricultural commodities--grains, protein crops, fruit, dairy products, livestock, sugar and cocoa, etc.--those have risen 55% across the board since the beginning of August, triggering big jumps in retail food prices around the world.

The commodities in the energy-products index--petroleum, natural gas, gasoline, etc.--have risen 110% in price since Aug. 1.

The precious metals commodities have risen by 7% during those four and a half months of wild central bank liquidity pumping. And during that same time, the price of buying a one-month futures contract on the whole commodity index has gone up 6%; and a three-months forward contract, 7.5%.

Only the industrial metals price index has gone down, by a little over 10%.