Well guys tensions are mounting in Asia. Japan is now threatening to shoot down the North Korean Missile. China is worried about the security of their treasury holdings.

China ‘worried’ about US Treasury holdings

BEIJING (AP) – China’s premier expressed concern Friday about its holdings of Treasuries and other U.S. debt, appealing to Washington to safeguard their value, and said Beijing is ready to expand its stimulus if economic conditions worsen.

Premier Wen Jiabao noted that Beijing is the biggest foreign creditor to the United States and called on Washington to see that its response to the global slowdown does not damage the value of Chinese holdings.

Heres’s the Japanese threats to North Korea.

Japan warns it may shoot down North Korean satellite launcher

Japan today threatened to shoot down a satellite that North Korea plans to launch early next month if it shows any signs of striking its territory.

Tokyo’s warning that it would deploy its multibillion-dollar missile defence system raised tensions in the region after North Korea said that it had identified a potential “danger area” near Japanese territory along the rocket’s flight path.

 This is a serious Crisis, the Obama administration should never have started the war of words with North Korea. China will back them to the end. Continue underestimating China at our peril. America needs to get out of Asia.