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.

Another feature of the U.S.-China business relationship is discretion: The Treasury tried to keep its motivation for the (2009 )rule change under wraps, Reuters reported.

Documents dealing with China's new status as a direct bidder again demonstrate the Treasury's desire for secrecy -- in terms of Wall Street and its new direct bidding customer.

“The United States has to be part of an international system that we create domestically”, he told The Harvard Crimson in the beginning of this month. When asked what the most important problems are facing American society today, Kissinger answered:

“Internationally, the problem is that there are upheavals going on in every part of the world, but these upheavals don’t follow the same basic causes, and so the United States has to be part of an international system that we create domestically.”

What the old man is saying here ties neatly into statements he made in the past concerning the concept of seizing crises and upheavals, the causes of which may differ from nation to nation, in order to bring about an international order- thereby following the elite’s golden rule that order is best brought about by chaos. Furthermore, he provides us with a glimpse of the underlying intent he and his fellow-bilderbergers have in mind, stating in so many words that civil unrest- be it economically, politically or socially motivated- must be seized upon in order to merge nations into the desired “international system.”

Originally posted by neo96
reply to post by Stormdancer777

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It's a ropa dope China gets to buy treasuries at rock bottom prices and then turn around and sell them at the market without Wall Street knowing the price paid.

Crony capitalism to put it another way.

......Fed clears China's first US bank takeover

The United States opened its banking market to China's biggest bank ICBC, for the first time clearing a takeover of a US bank by a Chinese state-controlled company.

Just days after high-level US-China economic talks in Beijing, the Federal Reserve approved an application from Industrial and Commercial Bank of China to buy a majority stake in the US subsidiary of Bank of East Asia.

The transaction will make ICBC the first Chinese state-controlled bank to acquire retail bank branches in the United States.

Originally posted by neo96
reply to post by EarthCitizen07

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One might think but one could also think that America is the cash cow that drives their economy so it would not be in China' own self interest to invade.

The smart move is just to milk us dry over the long term.

Originally posted by neo96
reply to post by EarthCitizen07

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Yeah there is a double dose of stupidity and blame Wilson for creating it and Nixon for taking us off the gold standard.

edit on 21-5-2012 by neo96 because: (no reason given)

Originally posted by neo96
reply to post by highfreq

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You got it!

The only time anyone will know is when China sells it they can buy and hold as much as they want or as much as the federal reserve will sell them