The TRUTH About Who Really Owns All Of Americas Debt   Leave a comment

Is it the Chinese ? Is it the Europeans ? Is it the Treasury? The stated conclusion is partially correct but the answer as to “Who  is the Who” begs to be looked at further.

“If you ever try comparing the debt situation in the US and Japan, someone will invariably say: Well, Japan can afford a lot more debt because its all domestically owned, whereas US debt is owned by the Chinese.It turns out this isnt really true, though unfortunately this destructive myth continues to dominate political/economic debates.Yes, China holds a lot, but theyre not dominant, and when you add it up, most debt is actually domestically held, just like in Japan.Click here to see who owns American debt ”

 

via The TRUTH About Who Really Owns All Of Americas Debt.

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Posted July 20, 2011 by arnoneumann in USA

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