The truth about who really owns all of America's debts

Discussions General
1

There is this misconception that China owns most of America’s debt. The truth is that China is only the largest foreign creditor of the US. The US, currently the world’s largest economy, has racked up $14 trillion in debts, but who exactly are these debts owed to? Why is it till now the US government still seems not so worried about its astronomical debts?

Let us see the breakdown:


17. Hong Kong
Total Holdings of US Treasuries: $121.9 billion
Percent of US Debt that they own: 0.9%

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16. Carribean Banking Center
Total Holdings of US Treasuries: $148.3 billion
Percent of US Debt that they own: 1%

Note: These include The Bahamas, Bermuda, Cayman Islands, Netherlands Antilles and Panama, and British Virgin Islands, which all function as offshore financial centers. Of course, they invest in Treasury Securities as well.

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15. Taiwan
Total Holdings of US Treasuries: $153.4 billion
Percent of US Debt that they own: 1.1%

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14. Brazil
Total Holdings of Treasuries: $211.4 billion
Percent of US Debt that they own: 1.5%

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13. Oil Exporting Nations
Total holdings of Treasuries: $229.8 billion
Percent of US Debt that they own: 1.6%

Note: Oil exporters include Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria.

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12. Mutual Funds
Total Holdings of US Treasuries: $300.5 billion
Percent of US Debt that they own: 2%

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11. Commercial Banks
Total Holdings of US Treasuries: $301.8 billion
Percent of US Debt that they own: 2.1%

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10. US State, Local, and Federal Retirement Funds
Total Holdings of US Treasuries: $320.9 billion
Percent of US Debt that they own: 2.2%

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9. Money Market Mutual Funds
Total Holdings of US Treasuries: $337.7 billion
Percent of US Debt that they own: 2.4%

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8. United Kingdom
Total Holdings of Treasuries: $346.5 billion
Percent of US Debt that they own: 2.4%

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7. US Private Pension Funds
Total Holdings of US Treasuries: $504.7 billion
Percent of US Debt that they own: 3.5%

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6. US State and Local Government
Total Holdings of US Treasuries: $506.1 billion
Percent of US Debt that they own: 3.5%

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5. Japan
Total Holdings of Treasuries: $912.4 billion
Percent of US Debt that they own: 6.4%

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4. US Households
Total Holdings of US Treasuries: $959.4 billion
Percent of US Debt that they own: 6.6%

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3. China
Total Holdings of Treasuries: $1.16 trillion
Percent of US Debt that they own: 8%

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2. US Federal Reserve
Total Holdings of Treasuries: $1.63 trillion
Percent of US Debt that they own: 11.3%

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1. US Social Security Trust Funds
Total Holdings of US Treasuries: $2.67 trillion
Percent of US Debt that they own: 19%

So there you go, 69% of US debts is hold by Americans themselves.

2

Mevo, is the US social security trust funds something like our EPF?

3

its the benefit they entitled to get from the government depending on their income and background.
it includes weekly or monthly payments for pension, payment for disability, payment for healthcare i.e. medicare, unemployment benefit, youth allowance, rental assistance, low income assistance etc…

4

[quote=“Talindra”]its the benefit they entitled to get from the government depending on their income and background.
it includes weekly or monthly payments for pension, payment for disability, payment for healthcare i.e. medicare, unemployment benefit, youth allowance, rental assistance, low income assistance etc…[/quote]

ok, thanks for the info

5

:stuck_out_tongue: i might be wrong as i have never lived in the state… but there is this site from wiki
http://en.wikipedia.org/wiki/Social_Sec … ted_States

6

all the focus is on amerika now

7

just wonder… what would happen if US declares bankruptcy like Greenland did… meaning the money gone is gone, and china, japan, UK will never get their money back?

8

maybe u are right bout china and japan…but not uk…

if u see forex market opening yesterday,YEN is strong and US weakening…

for two days since monday US is weakening,bacrupt ???

PLS ADVISE TS…FOR EU I SHOULD BUY OR SELL ???

9

hehe
thats a good idea la