Since 1985 Communist China has been buying US Treasury Bonds. Communist China now holds over $1,287,899,000,000.00 US Dollars in USA Treasury Bonds (debt). They also hold over $457,711,000,000.00 US dollars in US Government bonds (debt). In July they bought over $8 billion in T Bills. Click here to see the United States Treasury Department’s report of all transactions through July 2006.What will happen if Communist China decides to cash these T Bills in? It could quite possibly cause a collapse of the US economy. Your comments are eagerly awaited.

I discovered a very interesting news item from September of 2005. It describes how China has been selling rockets to Iran. Here’s the link to this article:

http://www.newsmax.com/archives/articles/2005/9/28/205455.shtml

I would be very interestd in your comments after reading the article.

Will communist China dominate the world to the extent that the USA will be a third-world nation? Your comments are welcome.