Dear concerned American,
I have troubling news to report.
News that was NOT announced publicly by the United States government, that is.
In an unprecedented agreement, the U.S. Treasury has agreed to give China direct access to its auctions.
Per the deal, China is allowed to bypass Wall Street, and purchase Treasury Bills without placing any bids through primary dealers.
The deal wasn't announced publicly or in any message to primary dealers.
Never before... Not in the entire 237-year history of this great country has any foreign government been granted such intimate access to Capitol Hill.
Although there are no laws being broken, the Treasury's accommodation of China is definitely suspicious.
China already holds more than $1.2 trillion in U.S. Treasuries. Before long, China will own 50 cents on every dollar of U.S. debt.
At this rate we have no worry about speaking spanish but we damn well better learn to speak Chinese quick. This will be how our economy is completely destroyed..........
Gee thanks Barry!!!!!!!
Why is China buying more U.S. debt?
BEIJING, China (CNN) -- China, holder of nearly $1 trillion in U.S. debt, will keep buying Treasuries, but will keep a close eye on their value just the same..
