'Madman' Ben Bernanke is ensuring that China and US are on a collision course ('Bernanke' sends oil to $89)

Ben Bernanke on CBS/60 mins has stated that he hasn't ruled out further bond purchase beyond the current $600billion of US debt monetization by the Federal Reserve. On the 3rd December 2010 the markets were briefed earlier via the Bernanke/CBS transcript sending stocks and risk/commodity/Asian currencies upward and the USD was sold. The best part? Oil going from $87.14 to $89.49, moving closer to the $90+ (in my opinion): a break point for China.

As China is going into hyper inflation based on food and energy (China being a net importer of oil), it certainly doesn't need oil to go upward in price, whilst a 'mad' Federal Reserve chief (Ben Bernanke) devalues the US dollar, at the same time exporting inflation to China. China will not be happy.

The longer this nut devalues the USD the more tensions will arise between China and the US, the more expensive oil becomes China and the US will edge closer towards their collision course.

Chart: Oil/USD (self explanatory)