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This is a high risk investment and you should not expect to be protected if something goes wrong. I'm John Bachelor. Gordon Chang, at Gordon G. Chang joins me, and we're eager to hear from Rebecca Grant, our colleague, Vice President of Lexington Institute,

to understand the crisis caused by the People's Republic of China's PLA and Navy,

deciding to use one of its few very noisy boomers.

That's a missile boat.

In the South China Sea, we're told, firing a 10,000 kilometer missile into the nuclear-free

zone of the Pacific, overflying northern Luzon, overflying Japanese space, overflying Palau,

northern Mariana, the Marshall Islands, the Micronesia, aiming towards Fiji, where the Prime Minister of Australia was in concert with the leadership in Fiji.

Knowing all of this, and the Chinese went ahead and did it the day before a NATO meeting, while RIMPAC is going on in Hawaii,

and I've already mentioned that the Prime Minister of Australia was in Fiji where

the missile was headed. Rebecca, I'm trying to figure this was coincidence. How do you read it?

Good evening to you. This was the most obnoxious possible flight route for a test missile.

It also comes as Russia and China gear up for their

naval exercises. And it was just last year that a Chinese submarine joined those exercises for the

first time. And now we have this test. It's worrying at so many levels. But let me just point out the contrast.

When the U.S. last did a test of our D5 missile in the Atlantic last fall, it was an

...