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Also can you possibly provide links to where you might have gotten information.

2007-01-03 12:50:30 · 3 answers · asked by theunknowncat 2 in Business & Finance Other - Business & Finance

3 answers

Money as such doesn't really change hands think of it more like credit notes, I.O.U.'s if you like. Then the politics of money owed and owing gets a little easier. America used to subsidise their farmers I don't know if they still do and that causes debt, the wars and aid efforts America and other countries including Australia, cause debt and credit.
Importing and exporting goods and services also creates debt and credit.
Read or even search "overseas debt" this hope helps a little.

2007-01-03 23:17:29 · answer #1 · answered by Klare101 1 · 0 0

we owe hundreds of billions to both japan and china. Sorry no links I got this from my american government course at school.

2007-01-03 20:53:17 · answer #2 · answered by theresa_xo92 2 · 0 0

I feel sure that many wealthy people from all countries buy US bonds

2007-01-03 20:55:11 · answer #3 · answered by rallman@sbcglobal.net 5 · 0 0

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