Are China and Japan Going to War?

If you have been watching the skirmish between China and Japan play out over some tiny islands...you know that the tension seems to be building rather than dissipating.

Remember with China, Japan and the U.S., we have the three largest economies in the world...and it would NOT be good for anybody if these three start shooting at each other trying to take control of some rocks in the South China Sea.

Also remember that China has $1 trillion of our U.S. Gov't Bonds, so while they don't want us to default on them...we also need to be careful that we don't upset them so much that they decide to cash them in and force the USA to default on these debts.

A senior Navy intelligence official issued a blunt warning last week that China’s growing “hegemonistic” threat to security is destabilizing the Asia-Pacific region.

“Make no mistake, the [Chinese] navy is focused on war at sea and about sinking an opposing fleet,” said Capt. James Fanell, deputy chief of staff for intelligence and information operations at the U.S. Pacific Fleet, at a defense conference in San Diego on Jan. 31.

The comments come amid growing tensions between Japan and China over Chinese claims to the Senkaku Islands, near Okinawa and Taiwan, as well as increasing Chinese military assertiveness in the South China Sea.

China's navy is escalating efforts to gain control of what Beijing calls “near seas” by using “civil proxy” maritime security ships, Capt. Fanell said.

“They now regularly challenge exclusive economic-zone resource rights that South Korea, Japan, the Philippines, Malaysia, Brunei, Indonesia and Vietnam once thought were guaranteed to them by the United Nations Convention on the Law of the Sea,” he said.

The Chinese naval harassment expanded outward over time to cover most of the South China Sea and East China Sea.

“China is challenging other nations’ rights,” he said, under the rubric of “what’s mine is mine, and we’ll negotiate what’s yours.”

China now has eight military installations on seven reefs in the Spratly islands, claimed by the Philippines.

Chinese surveillance ships in the region “have no other mission but to harass other nations into submitting to China’s claims,” Capt. Fanell said, noting that for Beijing, the sea- surveillance agency is “a full-time maritime sovereignty harassment organization” with no other mission.

Here;  http://www.washingtontimes.com/news/2013/feb/6/inside-the-ring-blunt-warning-on-china/?utm_source=RSS_Feed&utm_medium=RSS

Holy nightmare!!  How do you fight a war with someone you owe a literal boat-load of money to?

Have you heard that China has been buying gold by the barge full?  Do you know why a country would do that?  Because they see a day coming when all the paper currencies of the world will become worthless....and they want to be at the drawing board of dictating who will control the currency that will emerge from the ashes.

Remember the old saying, "He with the gold makes the rules."