Does Communist China Own The USA?

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.