Obama has handed the keys to the US Treasury to Red China

VIA DRUDGE; Obama has handed the keys to the US Treasury to Red China:

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. China, which holds $1.17 trillion in U.S. Treasuries, still buys some Treasuries through primary dealers, but since June 2011, that route hasn't been necessary. The documents viewed by Reuters show 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. 

China can now participate in auctions without placing bids through primary dealers. If it wants to sell, however, it still has to go through the market. The change was not announced publicly or in any message to primary dealers.

UNEFFINREAL. OBAMA GAVE HIS FELLOW SOCIALISTS A SWEET AND SECRET DEAL.

VOTE ACCORDINGLY. VOTE ROMNEY.