2006-08-06 19:00:09 · 3 answers · asked by rahul_rocks_007_007 1 in Politics & Government ➔ Other - Politics & Government
No, a few nations have a surplus. Japan, China and Germany have hundreds of billions of US treasury bills and notes each. There are a few other countries running surpluses, also.
2006-08-06 19:07:02 · answer #1 · answered by urbancoyote 7 · 0⤊ 1⤋
You are mistaking public sector with private sector. A nation in debt means that it's government has issued debt (like T-Bills, for example) that has been bought by others. These bonds are mainly bought by the private sector, like funds, banks or individuals. They can be classified as domestic and foreign (in relation to each country) but capital has no nationality.
In the case of the US government, besides the private sector, several foreign central banks (Chinese most of all) have bought heavily the American debt (meaning that China is financing US government debt). The reason why is that if the US government had difficulty to finance itself, it would have to pay higher rates and that would slow the US economy and, therefore, Chinese exports.
2006-08-07 02:31:14 · answer #2 · answered by leblongeezer 5 · 1⤊ 0⤋
42, the answer is always 42
2006-08-07 02:04:27 · answer #3 · answered by outremer7 1 · 0⤊ 0⤋