China Says to "Prepare for Worst" with Japan

The rumors of war continue to build all around the world...and this one happens to be a BIG ONE because it involves China and Japan...the 2nd and 3rd biggest economies in the world.

China Newspaper Says To 'Prepare For The Worst' After Military Confrontation With Japan In The East China Sea
After repeatedly flying surveillance aircraft into disputed airspace with Japan, which made Tokyo scramble F-15s in response, China sent fighters of its own on Thursday into the East China Sea.

A Friday press release out of China confirms the incident began when Beijing was flying a Shaanxi Y-8 on a "routine Thursday patrol" over the "oil and gas fields in the East China Sea."

An editorial in China's state-run Global Times called this possibility, "a step closer to war," warning a military clash is "more likely" while its people need to prepare "for the worst." With a U.S. presence so close at hand to where these Japanese decisions are being made, and tactical practices employed, we can hope for at least a bit of immediate tempering.

Read more: http://www.businessinsider.com/china-fighter-jet-flights-diaoyu-senkaku-islands-2013-1#ixzz2I42EFvrG

That would really rock the world...wouldn't it?  China, Japan and America starting to trade military jabs....#1, #2 and #3 economies....can you say the word 'GLOBAL CONFRONTATION'?

Also please remember that Japan has over 200% debt to GDP ratio, and America has 100% debt to GDP ratio....and we owe China $1trillion dollars and also owe Japan $1trillion dollars. 

According to some analysts, China now owns enough debt to collapse our financial system at any time of their choosing...and if China destroys Japan's economy...Japan ALSO owns $1 trillion that they demand repayment of....so America should probably be pretty concerned about a shooting war between China and Japan.

As of July 2012, $5.3 trillion or approximately 48% of the debt held by the public was owned by foreign investors, the largest of which were China and Japan at just over $1.1 trillion each.

Here;  http://en.wikipedia.org/wiki/United_States_public_debt