When Kitita S. Khrushchev made his famous threat, initially most thought he was making a nuclear threat but, later, it became clear that he meant he would beat the west on economic terms. History has shown that the contrary happened.

But, now, another threat from a communist nation, China, supplier to the shelves of Wal-Mart and Target, supreme vendor to the hordes of Amazon shoppers, benefactor to North Korea.

And, this time, it is clearly an economic threat as,in the dark of night, the China central bank devalued the Yuan by a massive 2%, thus overnight making it more difficult for American workers to make things for China, easier for Chinese new-urbanites to make things for export to Europe and America.

Americans suffered immediately in the form of a stock market giveback.

We hear that forces in our Congress have long wanted to apply economic pressure to this kind of currency manipulation but has given in to pressure from the executive branch, recalling the old Pete Seeger refrain: