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  1. #1 Who Owns America? Hint: It's Not China 
    An Adversary of Linda #'s
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    Many people — politicians and pundits alike — prattle on that China and, to a lesser extent Japan, own most of America's $14.3 trillion in government debt....
    .....But there's one little problem with that conventional wisdom: it's just not true. ......


    While the Chinese, Japanese and plenty of other foreigners own substantial amounts, it's really Americans who hold most of America's debt.

    Here's a quick and fascinating breakdown by total amount held and percentage of total U.S. debt, according to Business Insider:


    Hong Kong: $121.9 billion (0.9 percent)
    Caribbean banking centers: $148.3 (1 percent)
    Taiwan: $153.4 billion (1.1 percent)
    Brazil: $211.4 billion (1.5 percent)
    Oil exporting countries: $229.8 billion (1.6 percent)
    Mutual funds: $300.5 billion (2 percent)
    Commercial banks: $301.8 billion (2.1 percent)
    State, local and federal retirement funds: $320.9 billion (2.2 percent)
    Money market mutual funds: $337.7 billion (2.4 percent)
    United Kingdom: $346.5 billion (2.4 percent)
    Private pension funds: $504.7 billion (3.5 percent)
    State and local governments: $506.1 billion (3.5 percent)
    Japan: $912.4 billion (6.4 percent)
    U.S. households: $959.4 billion (6.6 percent)
    China: $1.16 trillion (8 percent)
    The U.S. Treasury: $1.63 trillion (11.3 percent)
    Social Security trust fund: $2.67 trillion (19 percent)

    So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.

    http://globalpublicsquare.blogs.cnn....its-not-china/
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  2. #2  
    Senior Ape Articulate_Ape's Avatar
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    Quote Originally Posted by megimoo View Post
    Many people — politicians and pundits alike — prattle on that China and, to a lesser extent Japan, own most of America's $14.3 trillion in government debt....
    .....But there's one little problem with that conventional wisdom: it's just not true. ......


    While the Chinese, Japanese and plenty of other foreigners own substantial amounts, it's really Americans who hold most of America's debt.

    Here's a quick and fascinating breakdown by total amount held and percentage of total U.S. debt, according to Business Insider:


    Hong Kong: $121.9 billion (0.9 percent)
    Caribbean banking centers: $148.3 (1 percent)
    Taiwan: $153.4 billion (1.1 percent)
    Brazil: $211.4 billion (1.5 percent)
    Oil exporting countries: $229.8 billion (1.6 percent)
    Mutual funds: $300.5 billion (2 percent)
    Commercial banks: $301.8 billion (2.1 percent)
    State, local and federal retirement funds: $320.9 billion (2.2 percent)
    Money market mutual funds: $337.7 billion (2.4 percent)
    United Kingdom: $346.5 billion (2.4 percent)
    Private pension funds: $504.7 billion (3.5 percent)
    State and local governments: $506.1 billion (3.5 percent)
    Japan: $912.4 billion (6.4 percent)
    U.S. households: $959.4 billion (6.6 percent)
    China: $1.16 trillion (8 percent)
    The U.S. Treasury: $1.63 trillion (11.3 percent)
    Social Security trust fund: $2.67 trillion (19 percent)

    So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.

    http://globalpublicsquare.blogs.cnn....its-not-china/
    Is this news to anyone?
    "The efforts of the government alone will never be enough. In the end the people must choose and the people must help themselves" ~ JFK; from his famous inauguration speech (What Democrats sounded like before today's neo-Liberals hijacked that party)
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  3. #3  
    Senior Member malloc's Avatar
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    While this is all true, who's going to be quicker to collect what they are due? Americans, who have borrowed through inflation, or the foreign debt holders, who have borrowed wealth, and then had it inflated away?

    Through the particulars of "how" they are going to collect is the million dollar (or is it billion now?) question.
    "In England a king hath little more to do than to make war and give away places; which in plain terms, is to impoverish the nation and set it together by the ears. A pretty business indeed for a man to be allowed eight hundred thousand sterling a year for, and worshipped into the bargain! Of more worth is one honest man to society and in the sight of God, than all the crowned ruffians that ever lived."
    —Thomas Paine, Common Sense
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  4. #4  
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    Quote Originally Posted by malloc View Post
    While this is all true, who's going to be quicker to collect what they are due? Americans, who have borrowed through inflation, or the foreign debt holders, who have borrowed wealth, and then had it inflated away?

    Through the particulars of "how" they are going to collect is the million dollar (or is it billion now?) question.
    Confiscate pension and 401k, give a "stipend" back in return, then inflate.
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  5. #5  
    Senior Member malloc's Avatar
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    Quote Originally Posted by Nubs View Post
    Confiscate pension and 401k, give a "stipend" back in return, then inflate.
    Sounds about like Pelosi 101 :eek: It's scary, and outright insulting, that people like "the hateful mummy" have so much control over what people like you and me have spent our life's accumulating. This kind of threat to private 401(k)'s should be something that's the butt end of a bad joke that everyone laughs off with mirth. With the Ultra-Left in charge of the Democratic party, this kind of thinking is becoming closer to legislative reality, or worse, the result of an end run around Congress using regulatory authority, leaving the Pelosi's and Obama's of the world sitting smug while it battles through the courts.
    "In England a king hath little more to do than to make war and give away places; which in plain terms, is to impoverish the nation and set it together by the ears. A pretty business indeed for a man to be allowed eight hundred thousand sterling a year for, and worshipped into the bargain! Of more worth is one honest man to society and in the sight of God, than all the crowned ruffians that ever lived."
    —Thomas Paine, Common Sense
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