Analyst's note:  Absolutely must read and consider what action you need to take with your representative in Washington.  They anxiously await your call.  Even I have trouble getting my arms around the damage that can now come our way because of this administrations insistence on operating as a "useful idiot" regarding this matter.  China's central bank, who now holds holds $1.17 trillion in U.S. Treasuries, is now bypassing the Federal Reserve (which isn't) and goes straight into our U.S. Treasury.  To make matters even worse, China is provided with a direct computer link to our U.S. Treasury ... to make additional purchases.  No mention is made of any new "special rates" now being provided to China.  Remember that besides being a possible major enemy, China is the largest exporter to the United States and also our largest creditor.

The Federal Reserve (a central bank system that is neither federal, nor do they have any reserves) - it is rather a secret cartel operating in support of, but without scrutiny of our federal government.

Talk about a major threat to our national security!! With a direct computer link, how are we going to know what the Chinese hackers are doing with INSIDE our U.S. Treasury. Did we also give them "root" just to assure a limited amount of computer gliches? Let me be one of the first to note that no good will come of this one. This is a new low, even for our "Federal Reserve."

Here we see there is rank among even the communists. You will note who is standing straight and who is ....

"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.

[....] The privilege may help China obtain U.S. debt for a better price by keeping Wall Street's knowledge of its orders to a minimum. 

Primary dealers are not allowed to charge customers money to bid on their behalf at Treasury auctions, so China isn't saving money by cutting out commission fees. 

Instead, China is preserving the value of specific information about its bidding habits. By bidding directly, China prevents Wall Street banks from trying to exploit its huge presence in a given auction by driving up the price.

[....] 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. 

To safeguard against hackers, Treasury officials upgraded the system that allows China to access the bidding process. 

Then they discussed ways to deflect questions from Wall Street traders that would arise once the auction results began revealing the undeniable presence of a foreign direct bidder.

[....] For example, economist Brad Setser, who is a member of the National Economic Council and has also served on the National Security Council, has argued China's large Treasury holdings pose a national security threat. 

Writing for the Council on Foreign Relations in 2009, Setser posited that China's massive U.S. debt holdings gave it power over U.S. policy via the threat of a swift, large sale of U.S. debt that could send the market into turmoil and drive up interest rates.

[....] (China's) money management arm, the State Administration for Foreign Exchange (commonly called SAFE), has an office in Midtown Manhattan and a seasoned chief investment officer -- former Pacific Investment Management Co derivatives head Changhong Zhu -- in Beijing. [....]"