Meet the Dong Feng 21D "Carrier Killer" missile. Carrier-killing missiles "could have an enduring psychological effect on U.S. policymakers," he e-mailed to The AP. "It underscores more broadly that the U.S. Navy no longer rules the waves as it has since the end of World War II. The stark reality is that sea control cannot be taken for granted anymore." Which, of course, means US policymakers will begin spending billions upon billions on a countermeasure...only to watch China unveil the next innovation, and the next, and the next. It's exactly what we did to the Soviets during Cold War I...we forced them to spend themselves into collapse, and it worked beautifully. We defeated the Soviet Union without having to fire a single shot. Personally, I believe China can do the same to us now. And considering how much of our money they have...and how little of it we have...I suspect Cold War II will be considerably shorter in duration than was Cold War I.