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My understanding is that most US debt is held by US citizens or US organizations.
by malandrew 9y ago
My understanding is that most US debt is held by US citizens or US organizations.
- xiphias 9y agoAnd the Chinese government which is building a massive army for totally unknown reasons /s
- Clubber 9y agoThe wonderful thing about owing so much debt is it really makes the financial incentive for war against you that much lower for your lenders.
- Clubber 9y agoYes, as opposed to intra-governmental debt. Also of the public debt, the breakdown is: As of September 2014, foreigners owned $6.06 trillion of U.S. debt, or approximately 47% of the debt held by the public of $12.8 trillion and 34% of the total debt of $17.8 trillion.[42] The largest holders were China, Japan, Belgium, the Caribbean banking centers, and oil exporters. https://en.wikipedia.org/wiki/National_debt_of_the_United_States https://en.wikipedia.org/wiki/National_debt_of_the_United_St...