Inflating its way to Recession?

Is US inflating its way into Recession?

Lowering interest rates > Lower Dollar > Inelastic demand for foreign goods > Sticky (Real) Deficit > Ballooning nominal Deficit > Run away Inflation.

Makes sense?  Here is a sampler:

-Gold soared $26
-Platinum exploded $91
–Iron-Ore Prices Up 65-71%
-Copper surged 20 handles
–Wheat prices surge to new high
-Soybeans traded at a record high.
–Fertilizer makers soared to record share prices

Welcome to a world of less jobs and high prices!