A Pearl Harbor without War

The following article "A Pearl Harbor without War" presents journalist Gabor Steingart's view of the implications for the USA of China's prediction "the dollar is likely to lose its status as the world's leading currency." Gabor Steingart is the Washington correspondent of the German news magazine Der Spiegel. Summarizing his article he suggests it is high time for the USA and her government to improve the international trading position especially via China. The latter is approaching the end of her patience to accept further declines in the value of her US treasury bond holdings.