Nearly 70% of global currency reserves are now held by developing countries. The irony is that the three countries in the world adding reserves the fastest, and thus buying the most U.S. debt now are China, Saudi Arabia, and Russia — none of them democracies. Venezuela and Iran — two countries seeking to undermine the U.S. are close behind.
2007-04-20 10:28:08 · 14 answers · asked by AFIN 3 in Politics & Government ➔ Civic Participation
Actually your mistaken.
The country currently buying the most US Treasuries is Britain.
In the last 6 months, these are the countries and how many treasuries they have bought.
US Government - 167.2 billion
US citizens - 115.4 billion
Britain - 83.5 billion
OPEC - 32 billion
China - 15.1 billion
Canada - 12.3 billion
Korea - 8.4 billion
Mexico - 8.0 billion
Turkey - 6.3 billion
French - 6.3 billion
Brazil - 3.9 billion
Russia, Venezuela and Iran aren't even on the top 20 list.
The Data is from www.Treas.gov
And contrary to popular belief, countries cannot just decide to cash in their US Treasuries.
There are three main types of US Treasuries.
Their maturity dates are from 2 years to 30 years.
2007-04-20 13:19:41 · answer #1 · answered by jeeper_peeper321 7 · 1⤊ 0⤋
Invest for yourself. That is the American way now. Most of the political leaders we vote in today are invested in some type of global market. The ones in charge of our government money is either using it for personal gain or out right wasting it on unnecessary programs. The programs that are needed never have enough money and the programs that don't do anything for the average American is always fully funded. There is nothing you can do but invest for yourself and keep an eye on your money.
2007-04-20 12:29:26 · answer #2 · answered by dovadave 1 · 0⤊ 0⤋
Do not buy gas at 7-11. Citgo is controlled by the Venezuelan government. When you buy gas there you are directly helping Hugo Chavez, a man who has called for the destruction of the United States.
2007-04-20 11:06:30 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes.
Don`t go in debt as a country and you won`t have a problem.
You would not personally borrow more than you could ever pay back would you? Like an average person would not sign a loan for a million dollars and be working at a warehouse shipping job. It`s suicide.
2007-04-20 10:36:35 · answer #4 · answered by Heads up! 5 · 0⤊ 0⤋
US is much enmeshed in the Iraq war making it indebted to other countries that are concentrating on their economies. Thus, the US might be controlled by China and Russia in the future due to monetary loans.
2007-04-24 00:12:30 · answer #5 · answered by FRAGINAL, JTM 7 · 0⤊ 0⤋
This is because of the bankrupt policies of our government, which is to blame for this. Also, the biggest enemy that America has right now is the current administration in power.
2007-04-20 10:37:04 · answer #6 · answered by Larry 6 · 1⤊ 0⤋
China holds a very large amount of American debt. If they get angry and decide they want it all upfront, America may find herself in a bit of a pinch.
2007-04-22 08:49:41 · answer #7 · answered by Helena S 1 · 0⤊ 0⤋
I invested in North Korea, actually. Boy do I feel like a chump.
2007-04-20 10:30:42 · answer #8 · answered by Captain Fluffy Pants 3 · 0⤊ 0⤋
Look how much money goes to oil companies everytime you fill the tank on your vehicle.Bush supports them all.Alot of that money goes to the middle east.
2007-04-20 10:31:54 · answer #9 · answered by Anonymous · 0⤊ 0⤋
I didn't realize that. Well...I guess this just proves that you should hardly put all of your trust in the government to take care of your financial future.
2007-04-20 10:36:33 · answer #10 · answered by AmandaHugNKiss 4 · 0⤊ 0⤋