China can now go straight to the U.S. government for T-bills

[Truth B Knowncaptain of 100]

http://www.reuters.com/article/2012/05/ ... 1720120521

(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.

[Original_Intentcaptain of 1,000]

Notice who is bowing to whom and that's all you need to know.

[sbsioncaptain of 1,000]

of course, you know, China KNOWS the bills are NO GOOD, what does that tell you??????????????????

[sadie_Mormoncaptain of 1,000]

[Truth B Knowncaptain of 100]

Notice who is bowing to whom and that's all you need to know.

Yup.

[Truth B Knowncaptain of 100]

of course, you know, China KNOWS the bills are NO GOOD, what does that tell you??????????????????

That's the thing... what fool would be buying U.S. treasuries in the billions given the fact that our nation is insolvent many times over??? We are worse than Greece debt-wise and with our debt to GDP ratio, yet, China wants our treasuries

[Tribunalcaptain of 1,000]

of course, you know, China KNOWS the bills are NO GOOD, what does that tell you??????????????????

That's the thing... what fool would be buying U.S. treasuries in the billions given the fact that our nation is insolvent many times over??? We are worse than Greece debt-wise and with our debt to GDP ratio, yet, China wants our treasuries

Why would China want our treasuries?