when you are told that America is in dept for tree trillion dollars, who do you think hold's most ot that dept

Question

i was more concerned that no one realy knows, we need to understand how bad it realy is and who we are in dept to, it may make you sick as it did me.

CHINA the Japanese are the two single largest countries we owe trillians of dollars to if you think its acceptable dont complain when the car business goes out the window like the clothing industry.

Answer 1

Actually our country is in debt over 8 trillion dollars. The 3 trillion you're talking about is our foreign debt while we owe almost 5 trillion to our own citizens.

UK is the #1 creditor, Japan is #2, and I think China is #3. This debt doesn't mean we really owe them money in the terms of loans like when you go to the bank or charge something on your credit card. Instead, these countries just buy bonds which represent their ownership of our debt.

Thing is we own a lot more debt than we owe, so it's OK. Also, as long as our own citizens own the majority of our debt, we're good too. The problem comes when we owe others more than they owe us which we are very far away from.
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And to the punk w/ the thumb downs, get a life and know the facts. Stop gaming Y/A and start learning about real world economics, not the BS you hear on the news everyday.

Answer 2

The Federal Reserve creates our debt. It is a private bank that is not Federal nor has any reserves. It is 80% foreign owned to the best of my knowledge though ownership is still not completely known and the stock is not publicly traded. The Fed prints our money and controls the interest rate in which the govt borrows that money. The Federal Income tax goes to pay the interest on money printed by the Fed. The Fed was started as a scam against the taxpayers back when they created the income tax. The Constitution allows for the Treasury to print our money, but does not specify that it must. Private bankers saw the opportunity and seized it. We have been in trouble since. Most citizens do not take the time to learn about this or don't care. Much of our loss of liberty is related to bankers wanting to be able to keep control on populations that may diagree with the system. It also plays a big role in not educating the public or keeping the public dumb. By the way, we have thrown the Fed off twice in American history. Once by Jackson the other time by Lincoln. The war of 1812 was England's ( A majority owner)response to the first throw off. If you want your country back, we have to revert to the Treasury printing our money again.

Answer 3

The asian countries. We also sell a lot of sovereign US soil to foreign countries like our highways to make toll roads for example. Its okay it has been like this for more thana hundred years and we have the ability to pay all the money back. I dont like the idea that the asian countries who I believe are the true superpower of the future hold such a big amount of america's equity in their hands, plus China has a reserve of trillions of american dollars.

This is a good thing though because it makes it in the intirest of these countries to maintain the value of the US $$

Answer 4

what if I told you that the debt is actually closer to 9 trillion. The answer is that although we are in debt to other countries we are also in debt to ourselves. Everytime you buy a T-bill, you are contributing to the US debt

Answer 5

We are in DEBT to numerous sources mainly China and the "Big 8" bankers.

Answer 6

look I'm sorry to tell you but every country in NATO or that we help is also in debt to us so if Germany for instance decides to recall what we owe them then we will do the same and last i looked they need to pay us more. so just keep that in mind and watch what you vote for.

Answer 7

It sounds like you already know the answer to you question. Foreign countries like China.

Answer 8

I know we are debt to China, Bush has borrowed from them every time they'll give him a trillion or two, we will never be able to pay them back.

Answer 9

So who does hold all that debt anyway? You didnt say just that we would be shocked. Polz respond and tell me.

Answer 10

come on, ranter! you ask a leading question and your details are vague but enticing. why don't you just save us the trouble and answer your own question?