deflation to lead to commodity shortages

The current bout of 'deflation' is going to lead to shortages of commodities NOT surpluses as in the past. Commodity producers world over are going to the wall as finance is impossible to get if your profitability is marginal, and the number of marginal producers is growing by the day. Now with 6.6 billion people there are many things in this world that simply cannot become limiting to the masses without some major global ramifications.

Looking back in history is interesting but this is really uncharted territory. Once marginal producers become unviable it is hard to imagine anyone stepping up to the plate to take on ownership of that marginal production base. Assuming the worst of this credit crunch is yet to come ... I'm betting a small deflationary cycle followed by hyperinflation as we finally get 'real' shortages beginning to emerge in all the commodities of need. At some stage and unfortunately we will likely have some kind of significant global war somewhere ...