Who owns America debt? if It's not China..Then Who?

14.3 trillion in government debt
Nonember 6, 2011- With the ongoing talks in Washington, D.C. aimed at staving off a U.S. debt default. debt of $14.3 trillion in government debt.
Most politicians and pundits alike, chatter that China and, Japan, own most of America's $14.3 trillion in government debt.

But there's no trut to that conventional wisdom: it's really Americans who hold most of America's debt. While the Chinese, Japanese and plenty of other foreigners own substantial amounts, it's no one else but Amercicans who hold most of America's debt.

Here is a breakdown by total amount held and percentage of total U.S. debt, According to
Business Insider:

•Hong Kong: $121.9 billion (0.9 percent)
•Caribbean banking centers: $148.3 (1 percent)
•Taiwan: $153.4 billion (1.1 percent)
•Brazil: $211.4 billion (1.5 percent)
•Oil exporting countries: $229.8 billion (1.6 percent)
•Mutual funds: $300.5 billion (2 percent)
•Commercial banks: $301.8 billion (2.1 percent)
•State, local and federal retirement funds: $320.9 billion (2.2 percent)
•Money market mutual funds: $337.7 billion (2.4 percent)
•United Kingdom: $346.5 billion (2.4 percent)
•Private pension funds: $504.7 billion (3.5 percent)
•State and local governments: $506.1 billion (3.5 percent)
•Japan: $912.4 billion (6.4 percent)
•U.S. households: $959.4 billion (6.6 percent)
•China: $1.16 trillion (8 percent)
•The U.S. Treasury: $1.63 trillion (11.3 percent)
•Social Security trust fund: $2.67 trillion (19 percent)

So Really, America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.

Source: Business Insider
    
Follow REALESTATESNATCH On Twitter and Facebook!

 info@realestatesnatch.com

Read more from REAL ESTATE SNATCH Post blog:
Related Posts Plugin for WordPress, Blogger...

No comments:

Get Real Estate Tips

About Us

Get Free Email Updates to your Inbox!

Follow Us On Social Media

REAL ESTATE SNATCH is the independent real estate blog of Samir Safadi, Sales Representative of West-100 Metro View Realty Ltd, brokerage it is dedicated to covering Real Estate News, digital culture, social media and technology, providing analysis of trends, Market Data , reviewing new development. Offering Real Estate services resources and guides. Services are provided to prospective buyers and sellers of real estate by Samir Safadi, Sales Representative, West-100 Metro View Realty Ltd, brokerage, duly registered in the province of Ontario, under Real Estate and Business Brokers Act, 2002 (REBBA 2002) and Member in good standing with

 

 

©Copyright 2009-2022 REAL ESTATE SNATCH All Rights Reserved Registration on or use of this site constitutes acceptance of our

 

User Agreement | Disclaimer | Comment Policy | Privacy Policy | About Us | Contact Us | Site Map

Search This Blog