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U.S. lets China bypass Wall Street for Treasury bond orders

U.S. lets China bypass Wall Street for Treasury bond orders. China can now buy U.S. government debt straight from the U.S. Treasury, in what is the Treasury’s first-ever direct relationship with a foreign government, says Reuters. Forget the UK, our “special relationship” now is with our new Sugar Daddy. Bet they’ll get the best seat at the fire sale when the day of forced liquidation arrives, too.

This post was last modified on January 26, 2021

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Bonfire of the Absurdities: After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

View Comments (3)

Dave says:

May 22, 2012 at 5:15 am

Face it - we have been sold out by the political class. In New York City the Comptroller and a candidiate for Congress are financed (allegedly) by the CCP and PLA.

Nothing new here.

PS I am learning to speak Chinese.
PsychoDad says:

May 21, 2012 at 2:24 pm

The Rooshans once boasted they'd hang us with the rope they sold us. Sounds like it's time to start buying some of Norinco's fine products....on credit.

http://chicom47.com/Norinco/Norinco.htm
Progressive Hemrrhoid says:

May 21, 2012 at 12:54 pm

This is going to make Greece's default look like a good time when the Chinese finally call the note. Better learn the Mandarin dialect, going to need it here soon.