Blog Smith: Communists Directly Access the Fed

Monday, May 21, 2012

Communists Directly Access the Fed

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.

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 U.S. Treasury Department has given the People's Bank of China a direct computer link to its auction system, which the Chinese first used to buy two-year notes in late June 2011.

Reading since summer 2006 (some of the classics are re-reads): including magazine subscriptions

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Infrastructure Insite: Bringing IT Together;
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McNamara, Patrick, Science and the World's Religions Volume 2: Persons and Groups (Brain, Behavior, and Evolution);
McNamara, Patrick, Science and the World's Religions Volume 3: Religions and Controversies (Brain, Behavior, and Evolution);
Meacham, Jon, American Lion: Andrew Jackson in the White House;
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Military & Aerospace Electronics: The Magazine of Transformation in Electronic and Optical Technology;
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Scholastic Instructor
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Swanston, Malcolm, Mapping History Battles and Campaigns;
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Tech Partner: Gain a Competitive Edge Through Solutions Providers;
Technology & Learning: Ideas and Tools for Ed Tech Leaders;
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