Rebelitarian Posted June 20, 2013 Share Posted June 20, 2013 *** U.S. lets China bypass Wall Street for Treasury orders! UNPRECEDENTED! http://www.reuters.com/article/2012/05/21/us-usa-treasuries-china-idUSBRE84K11720120521 NEW YORK | Mon May 21, 2012(Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters.The relationship means the People's Bank of China buys U.S. debt using a different method than any other central bank in the world.The other central banks, including the Bank of Japan, which has a large appetite for Treasuries, place orders for U.S. debt with major Wall Street banks designated by the government as primary dealers. Those dealers then bid on their behalf at Treasury auctions.China, which holds $1.17 trillion in U.S. Treasuries, still buys some Treasuries through primary dealers, but since June 2011, that route hasn't been necessary.The documents viewed by Reuters show the U.S. Treasury Department has given the People's Bank of China a direct computer link to its auction system, which the Chinese first used to buy two-year notes in late June 2011.China can now participate in auctions without placing bids through primary dealers. If it wants to sell, however, it still has to go through the market.The change was not announced publicly or in any message to primary dealers. What is Geithner thinking? http://finance.yahoo.com/blogs/daily-ticker/geithner-thinking-treasury-grants-china-direct-access-buy-143939103.html What else is China up to? Have you been so distracted by the wars, Obama scandals, foolishness in DC, that you have not paid attention? Time to catch up!http://z4.invisionfree.com/The_Great_Deception/index.php?showforum=117 Is Boise, Idaho really being taken over by China - building Economic Zones? Would Idahoans really allow such? What is wrong with you people? http://endoftheamericandream.com/archives/the-chinese-government-is-buying-up-economic-assets-and-huge-tracts-of-land-all-over-the-united-states http://forum.prisonplanet.com/index.php?topic=247351.0;topicseen Quote Link to comment Share on other sites More sharing options...
sigsfried Posted June 20, 2013 Share Posted June 20, 2013 Not really sure what the problem with this is. Quote Link to comment Share on other sites More sharing options...
nuckin futz Posted June 20, 2013 Share Posted June 20, 2013 Wall Street bond traders wont get their usual commision. But I'm thinking the Fed will be happy to get it! What it lacks is transparency! Is this part of Obamas meeting with the Chinese? The Fed does whatever it damn well pleases, so you can bet something shady is going on here! Quote Link to comment Share on other sites More sharing options...
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