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Title: The United States of China: America for Sale
Source:
Infowars
URL Source: http://www.infowars.com/the-united-states-of-china-america-for-sale/
Published: May 22, 2012
Author: Chris Martin
Post Date: 2012-05-22 14:24:41 by Hondo68
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Keywords: US Treasury directly selling, government bonds to China, exclusive purchasing arrangeme
Views: 1540
Comments: 2
The People’s Bank of China is the Chinese central bank and holds more financial assets than any other single public institution in the world. The State Administration for Foreign Exchange manages the foreign exchange reserves for the Chinese central bank, which exceeds $3 trillion. To put this into perspective the next in size to China is Japan, which manages foreign exchange reserves in excess of $1 trillion. The size of Chinese reserves is disclosed but the composition of the reserves is less transparent. The composition of the Chinese foreign exchange reserves is regarded as a state secret. However, reports from the Bank for International Settlements suggest that United States assets represent 60-70 percent of the Chinese reserves. This lack of diversification has been costly to China as the U.S. dollar (Federal Reserve note) depreciates. As an example, between 2003 and 2004 the Chinese lost more than $60 billion in asset value due to dollar depreciation. The private Federal Reserve controls the American money supply through lending to banks, individuals, and the government. The U.S. Treasury prints and sells bonds (loans with interest) known as T-bills to the general public, foreign countries, and back to the Federal Reserve. The private Federal Reserve creates electronic fiat currency from thin air to purchase the Treasury bonds and holds these bonds as reserves. For every dollar of reserves it creates another nine dollars for circulation in the nation’s banks to lend again to businesses and individuals. Thus, the money supply is constantly depreciated and the national debt is perpetually expanded – a scheme concocted by the banker cartel and sold to the American public as the natural business cycle. As a result of depreciation and floundering American credit ratings, China has sought to hold other currencies and asset classes. This strain on Sino-American relations undoubtedly is the reason we are now hearing the bombshell news that the United States Treasury, for the first time in history, is directly selling government bonds to a foreign government. This means the central bank of China now has an exclusive purchasing arrangement not available to any other central bank in the world. Even Japan who maintains a substantial and consistent purchasing portfolio of United States bonds must still use Wall Street banks designated by the government as primary dealers. The reports disclosing this ultra-secret relationship suggest China now has a direct computer link to the U.S. Treasury auction system. No public announcement was made and no warnings were given to primary Treasury dealers. To be clear, no law exists that forbids such an arrangement, but this monopoly arrangement remains exclusively available to China. The implications of this arrangement are significant. Unlike the privately held Federal Reserve run by a secret international banking cartel, the United Treasury is a government entity and all such arrangements should have a Congressional blessing. China is essentially skirting price gouging that occurs as primary dealers have historically exploited Chinese purchasing patterns. It is clear that China is now enjoying a favored client status given its massive investments in United States Treasury bonds. This is not new for the Treasury as it regularly ignores its public service role. In 2009, the Treasury got caught when it secretly changed the rules for Chinese Treasury purchases, only to subsequently relax and amend the rule under Chinese pressure. The Treasury is still operating under a veil of secrecy and remains unresponsive to efforts to disclose this new dangerous relationship. Wall Street traders are very aware of a phantom trader in the auction of Treasuries due to undeniable pricing anomalies. The Treasury is undoubtedly scrambling to craft language palatable for the American investing public to swallow. The implications of this arrangement are undeniable. First, a Treasury that believes it has the right to act secretly is dangerous, but also represents expanding collusion with its secretive Federal Reserve master. Second, the current astronomical holding of U.S. debt by China is a national security risk, in the sense that if it decided to sell its holdings it would collapse the market and send interest rates sky high. Third, the direct access mechanism does not promote transparency, perverts capitalism and provides China with unilateral economic leverage that it could unleash to invoke an economic war. This relationship is sold to the public as a necessary symbiosis. The Chinese sell goods to America and park the dollars they earn back in America by purchasing U.S. Treasuries. What is not discussed is the fact that this perpetually expands the national debt in an attempt to artificially keep interest rates low. The biggest part of this scam is the fact that the private Federal Reserve electronically creates piles of money that causes inflation, a hidden tax on all Americans’ present wealth. It remains difficult to locate any Federal Reserve cartel member or Treasury official to comment on this story, as it is a highly sensitive topic due to the blatant perversion of capitalism, American sovereignty, and resulting national security risk. Make no mistake, what is being conjured up here is the collapse of both the American economy and the Chinese central bank to ensure they both line up at the international banker trough and accept a one world currency and government.
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#1. To: hondo68 (#0)
Several NWO-speeches by Illuminati mind controlled puppets (politicians and presidents)
Why doesn't America "Chief Job Creator" the super-duper and impeccable Mitt Romney come out in publick about all of this? Instead, his largest issue is BOMB THE SHIT OUT OF IRAN.
#2. To: hondo68 (#0)
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