Hahaha!! And so the American and Western SLAVES (and especially those working in finance still thinking because they earn relatively more pay they're doing better) the REALITY BITES! And now we LAUGH in the face of all those with ill-gotten millions; WHERE YOU GOING TO INVEST IT SAFELY NOW?!?! HAHAHA HA HAHAHA HAHAHAHA ...
"(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.
"(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. ... (continues) ..."
Source:
http://www.reuters.com/article/2012/05/21/us-usa-treasuries-china-idUSBRE84K11720120521
Bye bye banksters; we'll be seeing you in the gutter along with so many, soon enough! Maybe then you'll suddenly become a onvert to sound money, and HONEST FAIR AND FREE MARKETS like occupiers worldwide.
When even the communists won't play in your 'Free Market', well, you know the COMMUNIST TAKEOVER OF YOUR COUNTRY IS COMPLETE.
If you're still voting for Obama (who's giving the commies access you cannot have - hah!) thinking that will somehow make a difference, just like the deluded voted during Russian Communism ... go back to sleep, nothing to see here; move along.
All a fuss about nothing (paper assets ;)).
The White Rabbit!
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