China has all of the power when it comes to pricing the U.S. Dollar lower. Accordingly, they have now issued a "nuclear warning" to the United States regarding the value of the U.S. Dollar and how it relates to the value of the Chines Yuan.
It is clear that China has the power to decimate the value of the U.S. Dollar and in the process of selling off U.S. Treasuries, send U.S. interest rates much higher. This would quite possibly have a huge impact on the already fragile U.S. Real Estate market as well as the credit markets, derivatives, etc...