[player24]

Okay, you want to raise the issue of Oil?

I 'lied' before when I suggested that depression/deflation was the worst case scenario related to a Yuan revaluation.

Try this one on for size:

China grows concerned that the balooning US fiscal deficit will entice the US to pring money to escape the debt trap.

To protect the value of their vast reserves (currently held in dollars), China accumulates oil, gold and other physical commodities.

If China begins to hoard oil at the same time that other emerging nations are consuming vastly greater amounts of energy and production does not expand to meet demand - Ouch!

We could see an unprecedented surge in commodity prices, led by oil.

This scenario has me concerned enough that I own some gold in my portfolio for the first time in my life. (GLD tracks the price of gold bullion).