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Who Owns America? Hint: It's Not China


Spartan

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Many people — politicians and pundits alike — prattle on that China and, to a lesser extent Japan, own most of America's $14.3 trillion in government debt.
But there's one little problem with that conventional wisdom: it's just not true. While the Chinese, Japanese and plenty of other foreigners own substantial amounts, it's really Americans who hold most of America's debt.

Here's a quick and fascinating breakdown by total amount held and percentage of total U.S. debt, according to Business Insider:
[list]
[*]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)
[/list]
So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.
For a smart take on how President Obama and House Republicans should end gridlock over debt and deficits, see our new GlobalPost series The Negotiator, which features Wharton's negotiation guru Stuart Diamond.And to bone up on China's debt — another potentially big global economic headache

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[quote name='ChittiNaidu' timestamp='1329785958' post='1301434461']
Many people — politicians and pundits alike — prattle on that China and, to a lesser extent Japan, own most of America's $14.3 trillion in government debt.
But there's one little problem with that conventional wisdom: it's just not true. While the Chinese, Japanese and plenty of other foreigners own substantial amounts, it's really Americans who hold most of America's debt.

Here's a quick and fascinating breakdown by total amount held and percentage of total U.S. debt, according to Business Insider:
[list]
[*]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)
[/list]
So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.
For a smart take on how President Obama and House Republicans should end gridlock over debt and deficits, see our new GlobalPost series The Negotiator, which features Wharton's negotiation guru Stuart Diamond.And to bone up on China's debt — another potentially big global economic headache
[/quote]

Nice post dude

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[quote name='dalapathi' timestamp='1329789708' post='1301434641']
China ney kadaa ekkuva vundhi.......!!!
[/quote][list]
[*]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)
[/list]

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[quote name='ChittiNaidu' timestamp='1329789767' post='1301434645'][list]
[*]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)
[/list]
[/quote]
*=: *=: *=:

antey bayata countries lo adhye max kadaa anie...........

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[quote name='dalapathi' timestamp='1329789891' post='1301434654']
*=: *=: *=:

antey bayata countries lo adhye max kadaa anie...........
[/quote]

ee edavalaki oka edava optimism tagaledindi kada..

maaku evvadu rule seyya leru..meme anuukuntu pose kodtaru kada..alantodu rasina col idi...

dependency ki definition telvad....own country ni consider cheyakudadu ani....

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[quote name='ChittiNaidu' timestamp='1329790016' post='1301434663']
ee edavalaki oka edava optimism tagaledindi kada..

maaku evvadu rule seyya leru..meme anuukuntu pose kodtaru kada..alantodu rasina col idi...

dependency ki definition telvad....own country ni consider cheyakudadu ani....
[/quote]
ooh............atla cheppukovataaniki create cheisnraa..........

avunu inkoka doubt..........ee debt clock lo oka 2 months back 16 trillion ani chuusinattu gurthu..........16 trillion ayina taruvaata appu emanan teerchesinraa..........leka pothey perigi thagginattu nenu porabaddaanaa.........!!!

[url="http://www.usdebtclock.org/"]http://www.usdebtclock.org/[/url]

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[quote name='dalapathi' timestamp='1329790339' post='1301434676']
ooh............atla cheppukovataaniki create cheisnraa..........

avunu inkoka doubt..........ee debt clock lo oka 2 months back 16 trillion ani chuusinattu gurthu..........16 trillion ayina taruvaata appu emanan teerchesinraa..........leka pothey perigi thagginattu nenu porabaddaanaa.........!!!

[url="http://www.usdebtclock.org/"]http://www.usdebtclock.org/[/url]
[/quote]


nenu paina vesina post ki compare cheyaku...adi Jul 2011 stats....

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