Ever since the US credit rating dropped, I keep hearing talk about a 3rd, world war, is China that pissed?

I don't think so about the 3rd world war. But China sure is pissed. Wouldn't you be if the person holding your debt is close to filing bankruptcy? That means you'd never get your money back if that person goes to default.

For many years, China has been using slave labour to produce goods that under cut the price of goods produced in the 'western' world. It has been using its vast foreign currency reserves to buy the rest of the world. If the US$ collapses, then China stands to lose. This would same effect as China revaluing the yuan which she refuses to do. Whether or not this is would provoke a war is moot. Interestingly though, when the Wall came down and the cold war ended, I suggested that the next big one would be the Islamic uprising but someone else argued that an escalating trade war with China was more likely.

No, that will NEVER happen!