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That's a myth. Most US debt is held by the US public - all foreign holders combined are less than 50%. China is the largest foreign holder, but only holds about
by ac29 8y ago
That's a myth. Most US debt is held by the US public - all foreign holders combined are less than 50%. China is the largest foreign holder, but only holds about 5% of US debt.
https://en.wikipedia.org/wiki/National_debt_of_the_United_States https://en.wikipedia.org/wiki/National_debt_of_the_United_St...
- baybal2 8y agoBut even if that 5% will be dumped onto markets, the US rate will have to possibly double
- indemnity 8y agoYeah, it’s not a huge percentage of US total debt, so the “China owns the US” hyperbole is a bit overblown.
- msla 8y ago> so the “China owns the US” hyperbole is a bit overblown. It is, however, a useful lie to spread for political reasons.