US Treasury Department data, as recently as January 2010, shows that Chinese government, business, and individual debt investors owned $1.0356 trillion in US federal government debt securities.
The total level of the US federal government’s national debt in January 2010 was roughly $12.3 trillion. Thus, this means that Chinese debt investors own roughly 1.0356/12.3 of the US’ total national debt – about 8.41%.
This is a far cry away from the myth of Chinese majority ownership.
DV University Challenge of The Day:
To Whom EXACTLY do the American people owe 90% of today's $13 Trillion national debt?
Who are these people? Why don't we just say fuck it ... we aint payin' ya'll.
Odious Debt?
ReplyDeleteGet 'em Black John.
ReplyDeleteExactly.
The Federal Reserve system of banks and other US intragovernmental holdings account for a staggering $5.345 trillion of US Treasury debt.
ReplyDeleteJapan
China
UK
Oil Explorers - Included are, Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria...
Brazil
Caribbean Banks
Luxembourg
Taiwan
Hong Kong
South Korea
Germany
Mexico
Switzerland
Singapore
Canada
Turkey
Netherlands
India
France
Thailand
Sweden
Israel
Italy
Belgium
Poland
Malaysia
And these belong in the list somewhere as well:
Depository Institutions - commercial banks, savings banks and credit unions
market funds, mutual funds and closed-end funds
Other Investors/Savings Bonds - government-sponsored enterprises, brokers and dealers, bank personal trusts, estates, savings bonds, corporate and non-corporate businesses, even individuals
Interesting list Smile.
ReplyDeleteNow help me out here.
How can the people of the united states owe the people of all of these other countries trillions of dollars if these countries are in debt too?
Meaning ...
If we are truly $13 Trillion in debt ... who is $13 Trillion richer?
Can't be simply "Canada".
Can't be simply "India".
To whom is this money owed?
Aren't the commercial banks simply subsets of the central bank?
40% is owed to the FRB.
ReplyDeletehttp://www.brillig.com/debt_clock/faq.html
FRB is owned by the Rothschilds.
IOW, Rothschilds (not "China" lmao) own US.
huh...i think we all know why we aint saying f*#k it, we aint paying...lol
ReplyDeletewhy?
ReplyDeletewhy?
ReplyDeletecombustion