Did you know the U.S. government owes $2.67 TRILLION to foreign governments and investors.... which adds up to 20% of our total GDP? In 2001, China only held $61.5 billion in U.S. debt, and now it has grown to $541 billion dollars. We owed Russia a paultry $10 billion in 2001, and NOW its $74.4 billion dollars.
So how does this debt work? Similar to a credit card? Well, our debt is sold to other countries as U.S. Treasury Securities, and interest is paid as well by the U.S. Imagine in the coming years how much of our country's wealth will leave this country, and go abroad to pay back the loans???
So, lets' break this down;
1. We owe Japan $585.9 billion
2. We owe China $541 billion
3. We owe the U.K $307.4 billion
4. We owe the OPEC nations (such as Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, etc.), a total of $179.8 billion
5. And we owe Caribbean banking Centers $147.7 billion (Bahamas, Bermuda, Cayman Islands, Panama, to name a few).
So will our debt to others affect our place/standing in the rest of the world? I find it very concerning indeed. We need to become a more frugal nation. That is not to say programs should be slashed and burned, but rather decisions of this nation need to be clearly thought out before enacted. Just like individuals in debt, our Government cannot maintain its standard of living either.
Educate your frugal self at the public debt site of the US Dept. Of Treasury.
The place they used to call Red China. They have won the cold war when the US was running about trying to emulate the Brits as the world's policeman. It bankrupted Britain and it is bankrupting the US.
Britain owns 10% of the US. The British could force the US to give back their old colonies!
The Japanese own over 20% of the US.
All your old enemies are closing in for the kill and America is too stupid to see it. Revenge will be sweet.
Obama will always be a lame duck president. He inherited a bankrupt country from the Bush family.
Also the USA has its enormous Nationalised Industry which is destroying the country. It is called the Defence Industry. You spend billions on stuff you do not need. The bad guys won the last round with a box cutter. Which reminds me, The Arabs are the fourth biggest debtors!
Dealing with the question of What is my opinion of President Obama. I find that he is a very good orator and self assured speaker.
However, When it comes down to other descriptions I am not too confident of him especially when he was in England and had to ask the Dean what date it was does not inspire confidence.
Dealing with the other part of the question most of the debt is owed to the Chinese government and Chinese investors and not forgetting the Swiss Bankers known as the gnomes of Zurich.
The money is owed to other countries (such as China), America itself, and the IMF.
I think Obama is hardly acting like a President - what has he actually done since entering the White House? Apart from talk a lot, and go on something of a world tour?
International Bankers........America has been and still is being shafted by The Federal Reserve. Read the acclaimed book by G Edward Griffin to find out how corrupt it is.
Comments
IT owes over 14 trillion dollars at the last count.
Time to pay the Chinese back methinks. BYE
Did you know the U.S. government owes $2.67 TRILLION to foreign governments and investors.... which adds up to 20% of our total GDP? In 2001, China only held $61.5 billion in U.S. debt, and now it has grown to $541 billion dollars. We owed Russia a paultry $10 billion in 2001, and NOW its $74.4 billion dollars.
So how does this debt work? Similar to a credit card? Well, our debt is sold to other countries as U.S. Treasury Securities, and interest is paid as well by the U.S. Imagine in the coming years how much of our country's wealth will leave this country, and go abroad to pay back the loans???
So, lets' break this down;
1. We owe Japan $585.9 billion
2. We owe China $541 billion
3. We owe the U.K $307.4 billion
4. We owe the OPEC nations (such as Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, etc.), a total of $179.8 billion
5. And we owe Caribbean banking Centers $147.7 billion (Bahamas, Bermuda, Cayman Islands, Panama, to name a few).
So will our debt to others affect our place/standing in the rest of the world? I find it very concerning indeed. We need to become a more frugal nation. That is not to say programs should be slashed and burned, but rather decisions of this nation need to be clearly thought out before enacted. Just like individuals in debt, our Government cannot maintain its standard of living either.
Educate your frugal self at the public debt site of the US Dept. Of Treasury.
The place they used to call Red China. They have won the cold war when the US was running about trying to emulate the Brits as the world's policeman. It bankrupted Britain and it is bankrupting the US.
Britain owns 10% of the US. The British could force the US to give back their old colonies!
The Japanese own over 20% of the US.
All your old enemies are closing in for the kill and America is too stupid to see it. Revenge will be sweet.
Obama will always be a lame duck president. He inherited a bankrupt country from the Bush family.
Also the USA has its enormous Nationalised Industry which is destroying the country. It is called the Defence Industry. You spend billions on stuff you do not need. The bad guys won the last round with a box cutter. Which reminds me, The Arabs are the fourth biggest debtors!
The facts are below. Hope you like the wind-up!
Dealing with the question of What is my opinion of President Obama. I find that he is a very good orator and self assured speaker.
However, When it comes down to other descriptions I am not too confident of him especially when he was in England and had to ask the Dean what date it was does not inspire confidence.
Dealing with the other part of the question most of the debt is owed to the Chinese government and Chinese investors and not forgetting the Swiss Bankers known as the gnomes of Zurich.
The money is owed to other countries (such as China), America itself, and the IMF.
I think Obama is hardly acting like a President - what has he actually done since entering the White House? Apart from talk a lot, and go on something of a world tour?
Most of America's debt is owed to itself.
International Bankers........America has been and still is being shafted by The Federal Reserve. Read the acclaimed book by G Edward Griffin to find out how corrupt it is.
Our gov't. owes 3T$ BACK to social security, which republicants want to rape again.
Mostly China.
We're talking several $trillions!
alot of it is to china but i dont know what the rest is to. i think obama is decent but i dont like some of his political views such as abortion