TXDOT

As a component of George W. Bush's world of "globalism," the status and health of the U.S. dollar deserves close scrutiny, closer than my mention of it in a recent column. As I've written, China is now the holder of an incredible stash of dollars. Some reports have their cache valued at over $1 trillion. You don't have to be an economics professor to worry about numbers like that. That's quite a fistful of dollars for a burgeoning superpower nation whose ultimate geopolitical goals have always been suspect. China, conceivably, could put the U.S. economy in peril if it chose to dump these dollars on the open currency market.