China Allowed to Bypass Wall Street to Buy Treasury Debt

06/14/2013 09:40

by Robert Williams

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.  News that was NOT announced publicly by the United States government, that is.  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.

With that in mind, I must ask a very difficult question...

Has the United States ALREADY lost its sovereignty to China?

Yes, China now owns/runs the United States.

No, the United States remains an independent nation.

I've seen the poll results, and they're shocking.