Instead of going through Wall Street like every other nation, China can now deal directly with the US Treasury.
This will make the transactions less transparent, too. Oh, boy, just what we need. China with a direct link to the Treasury with less transparency. That'll save the economy. Especially when China has also suddenly started defaulting on commodities deals, leaving ships mid-ocean with nowhere to go.
In a probably unrelated story, some Congressmen want to lift the ban on government propaganda.
I don't think the ban did much to stop them in the first place, do you?
Well, that's ok. Make your OWN "gummint" propaganda!
The "Carry Trade" For The Working Man
15 minutes ago