Who Owns US Debt?

Who Owns US Debt?

According to CNSNews.com, this is the first time in history foreign countries own so much US debt – approximately $6 trillion! CNSNews.com notes, “The largest share of the foreign-owned U.S. government debt is held by interests in Mainland China, which owned $1,268,400,000,000 in U.S. Treasury securities as of the end of June. (Another $158,200,000,000 is held by interests in Hong Kong.) The second largest share of the foreign-owned U.S. government debt is held by interests in Japan, which owned 1,219,500,000,000.” The article continues, “The third largest share of foreign-owned U.S. government debt is held by interests in Belgium, which owned $364,100,000,000 in Treasury securities at the end of June. The fourth largest share was held by interests in what the Treasury calls ‘Carribbean [sic] Banking Centers’ (Bahamas, Bermuda, Cayman Islands, Netherlands Antilles, Panama, and the British Virgin Islands), which owned $308,300,000,000 in Tresury [sic] securities at the end of June. And the fifth largest share was held by interests in nations characterized by Treasury as ‘Oil Exporters’ (Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria.) Interests in these nations owned $262,100,000,000 in Treasury securities.”

This eye-opening data provides compelling evidence that the U.S. is becoming more and more beholden to powers that extend way beyond its borders. As America’s debt continues to spiral out of control, it would behoove Americans to remember the fateful words of Henry Kissinger – “Who controls money controls the world.”

 

Click here to read the full CNSNews.com article. 

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