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Interesting: only 25% of our debt is held by other nations [1]. Still, the point stands: Japan owns a half-trillion in US bonds, but has a massive national deb
by shawndrost 18y ago
Interesting: only 25% of our debt is held by other nations [1]. Still, the point stands: Japan owns a half-trillion in US bonds, but has a massive national debt of their own. Essentially, they're buying US bonds by selling their own bonds.
[1] http://en.wikipedia.org/wiki/United_States_public_debt#Foreign_ownership http://en.wikipedia.org/wiki/United_States_public_debt#Forei...
- biohacker42 18y agoYep, they are trying to cheapen the yet and make the US $ more expensive so that Japan can export more to the US. China is doing the same thing. Canada used to keep its interest rate just below the US rate, until US rates got so low that it became impossible.