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Who owns the U.S.?

March 3, 2011

We read everywhere the US is deep in debts to many foreign countries. For the most part, it is China that we hear is the biggest ‘lender’ of all. So who are the others that the US owes tons of money to and to whom it is at risk at being ‘foreclosed’ by? Below is a summary breakdown.

Obama’s administration can try to do what it can to achieve balance of payments and it’s a forgone conclusion whatever it tries to do its effort is an attempt at foolery. The US can never repay its debts. More so when it continues to borrow (i.e. including cranking up the printing machines and print fiat dollars that are backed by nothing) to spend like there’s no tomorrow. The saddest part about this ‘spending and living it up,’ which includes the banksters paying themselves ridiculous sums of bonuses for the drastic economic downturn they are largely responsible for, is paid for by jobs evaporation, cut backs, benefits withdrawal, high prices and more taxes heaped on the masses and the middle-class of America. It’s a clear-cut case of while the poor is left to waste away, the rich is getting richer through plunder upon plunder and getting fat on its arse for little or no work done!

1. Mainland China
Amount of U.S. debt: $891.6 billion
Share of total foreign debt: 20.4%

2. Japan
Amount of U.S. debt: $883.6 billion
Share of total foreign debt: 20.2%

3. United Kingdom
Amount of U.S. debt: $541.3 billion
Share of total foreign debt: 12.4%

4. Oil Exporters
Amount of U.S. debt: $218 billion
Share of total foreign debt: 5%

5. Brazil
Amount of U.S. debt: $180.8 billion
Share of total foreign debt: 4.1%

6. Caribbean Banking Centers
Amount of U.S. debt: $155.6 billion
Share of total foreign debt: 3.6%

7. Hong Kong
Amount of U.S. debt: $138.2 billion
Share of total foreign debt: 3.2%

8. Canada
Amount of U.S. debt: $134.6 billion
Share of total foreign debt: 3.1%

9. Taiwan
Amount of U.S. debt: $131.9 billion
Share of total foreign debt: 3.0%

10. Russia
Amount of U.S. debt: $106.2 billion
Share of total foreign debt: 2.4%

For the source report, go here.

3 Comments
  1. Anonymous permalink

    Be careful. We are doing the same thing. We are spending money we do not have for the last 46 years. If you are not aware our national budget has been in deficit for the last 46 years. You bettter take care of your own country or we may become yet another ‘Pariah State” because we may not be able to pay our government overseas bills while individual citizens are having a good time at the expense of the government.

    • Anonymous,

      Exactly my sentiment, too. This is my caution to our administration not to overspend recklessly on the people’s behalf. As with regard to us the people “having a good time at the expense of the government” I would like to correct you and highlight a general misconception. No government owns any money and they also do not make any money for themselves. All money are the people’s (borrowed as loans, collected in the form of taxes and profited from trading the country’s resources, etc.) and therefore all spending of money by any government is in fact spending of the people’s money on behalf of the people. All governments are merely acting as trustees of the people’s money and have been entrusted to act on their behalf as elected or enforced representation. What we often see is that governments behave as though the money is their own and the administrators abuse their power by plundering the money and transferring funds into their private accounts through hidden financial malfeasances, grossly cost-inflated public spendings and all manner of corruptions.

      No, the people do not “have a good time at the expense of the government”; it is always the other way around – the representatives of the people having a good time at the expense of the people!

  2. Ellese permalink

    Anonymous,

    our debt to GDP ratio is around 50%. All developed countries save a few has ratio more than 60 and 70. In 09 even Singapore has 100%. japan more than 100%. what are you talking about? Get out of this pakatan rosak mindset.

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