Archive for May 24th, 2012

China’s Special Privileges at the U.S. Treasury


Thursday May 24th, 2012   •   Posted by Craig Eyermann at 7:55am PST   •   2 Comments

What happens when a foreign government becomes the most important customer for U.S. government-issued debt? Why, that government gets its own special, and up until now, secret bank account at the U.S. Treasury Department! Reuters blows the lid off the special privileges that China now has for buying U.S. debt direct from the source:...
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