A crisis is gathering in the Taiwan Strait. Taiwan’s status as an independent democracy is being undermined daily as the momentum for its annexation by the People’s Republic of China inexorably gains strength. The Chinese Nationalist Party (KMT) is collaborating with the Chinese Communist Party (CCP) to implement the cultural and economic integration of Taiwan with China, aiming for the signing of a peace accord before the end of 2012. The fall of Taiwan would be a geostrategic disaster for the US and would most likely deprive US President Barack Obama of his chance for re-election in November 2012.