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<p>Well now we see the influx of China more and more into the American way of life. For years we have watched as their cheap products have come into the country and they have received “most favored nation” status. Now they have been given a green light to purchase U.S. Government debt without going through a primary dealer.</p>
<p>The <a href="http://www.reuters.com/article/2012/05/21/us-usa-treasuries-china-idUSBRE84K11720120521" target="_blank">report </a>issued by Reuters on Monday said that China now has direct business status.</p>
<p>The People’s Bank of China now has a direct link into the Treasury’s auction system.</p>
<p>While the Treasury neither confirmed nor denied the report, a spokesman for the Treasury, Matt Anderson, said, “Direct bidding is open to a wide range of investors, but as a matter of general policy we do not comment on individual bidders.”</p>
<p>This is all in addition to the <a href="http://frontporchpolitics.com/2012/05/federal-reserve-approve-communist-chinas-first-us-bank-takeover/" target="_blank">takeover</a> of American banks by China and their <a href="http://www.usatoday.com/money/media/story/2012-05-21/china-company-buys-amc-movie-theater-chain/55106114/1" target="_blank">purchase</a> of AMC Entertainment.</p>
<p>The lingering uneasiness about all of this is how it effects national security. The only person, it seems in the political process, that sees <a href="http://frontporchpolitics.com/2012/02/national-security-threatened-by-overspending-on-national-security/" target="_blank">debt</a> as a national security issue is Ron Paul. While much talk is given by both Barack Obama and Mitt Romney over the national debt, it has been Paul who has led the charge that it is a national security issue and one that needs to be <a href="http://frontporchpolitics.com/2012/03/ron-paul-slams-gop-boys-their-toys-in-new-ad/" target="_blank">dealt with</a> decisively and immediately.</p>
<p><a href="http://frontporchpolitics.com/2012/05/china-now-buying-us-debt-direct/">Front Porch Politics &gt;&gt;&gt;</a></p>
<p>Also from Front Porch Politics: <a href="http://frontporchpolitics.com/2012/05/barack-obama-signs-four-new-executive-orders/" title="Permanent Link to Barack Obama Signs Four New Executive Orders" rel="bookmark">Barack Obama Signs Four New Executive Orders</a></p>