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This could be catastrophic for our economy, especially if they begin to transfer these bonds into euro's

"Catastrophic how?"

See above. A sudden move to the Euro by China along with others countries could cause a dollar collapse, not a mere decline.

and further manipulate their own currency to gain economic advantage.

"So a low Chinese currency is good for them and bad for us?"

Not necessarily, I am speaking about China's efforts to facilitate instability in our markets.

I certainly do not want that for America, nor do I want run away deficits or a declining dollar nor recession.

"A declining dollar is bad for America? I'm noticing an inconsistency in your position."

There is no inconstancy in my statements, I am fully aware of dollar decline value in our products, Again, I am referring to a dramatic decline for reasons covered above.

Our economy is over $13 trillion, their's is about $2 trillion. Ours grew about 3% (about $400 billion) in 2006. How much did their economy grow?

The Chinese economy grew close to 12%. Our economy is certainly larger........for now.

Has Nafta, Cafta and or Gatt create a balance in trade for America?

Why does trade need to be balanced?

It doesn't, but explain why America consistently post billions in the red year upon year while we allow the shenanigans in trade policies of other countries to go on unabated.

Yes, there is a lot of corruption in Mexico.

That's an understatement to the second degree!!

What do you think those foreigners do with all the dollars they earn? They invest them in America.

Yep, in American debt bonds. Most foreign investment these days has been moving to the Eastern block, SE Asia / India and China.

Look, I'm not buying into the argumentative nature of some here on this forum. For every piece of data (or lack thereof) you could provide to show a healthy booming economy, I can provide indicators that spell caution.

Besides, data published by the feds, (which many pro-globalist) isn't worth a hill of beans. The Feds routinely delay, manipulate and cook the numbers depending on various geopolitical concerns or domestic politics.

Hell, one week the government will publish data on a sector, to come back a week or so later and refute it's own data with another piece.

A sudden move to the Euro by China along with others countries could cause a dollar collapse, not a mere decline.

$700 billion in dollars could cause a "dollar collapse"? What would that do to us? What would it do to China?

The Chinese economy grew close to 12%.

Based on whose data?

Our economy is certainly larger........for now.

If their economy grew 12%, that's about $200 billion. Ours grew over $300 billion.

It doesn't, but explain why America consistently post billions in the red year upon year

Because we buy more than we sell.

while we allow the shenanigans in trade policies of other countries to go on unabated.

That's what trade agreements are for. And we exported over $900 billion in goods last year.

Yep, in American debt bonds.

Among other things. Is that bad? Why?

Besides, data published by the feds, (which many pro-globalist) isn't worth a hill of beans.

I prefer U.S. government data to Chinese government data. I also prefer U.S. government data to anecdotes. But that's just me.