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Thread: The American National Debt : To Who Does American Owe Money?

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    Default The American National Debt : To Who Does American Owe Money?

    The American National Debt is growing faster than the debt of any other world nation, it currently owes in excess of $2.7 trillion to foreign governments and other private investors. The debt equates to around 20% of the countries total GDP. This quick hub will give you the low down on who America owes and how much money they owe them, you should perhaps bear in mind that interest payments will make the true figure much higher - so who is profiting from America's overspending? Lets take a look.....

    1. Japan - $585.9bn
    You think that your mortgage is big? Try telling that to the Japanese government, who are owed an astonishing $585.9bn by the American government

    - a sum which is difficult for any of us to even comprehend. Based on a rough American population estimate of 313 million people, this equates to $1,871 per American citizen. I find it quite frankly astonishing that America's biggest creditor is a country with whom it was at war just half way through the 21st Century.

    2. China - $541.0bn
    Close behind Japan in the list of creditors is China who are owed some $541bn by America. That is another $1,728 that each American citizen owes to Asia. To think that America owes so much money to a country that it imports so much from is quite frankly economic suicide; Americans are purchasing many of their consumer goods from China, only for China to lend their money back to America and charge them interest on it. That's like buying a new sofa for $1000, then having the shop lend you back your $1000 but charge you.... say 10% APR on your own cash. Debt is power, and China certainly has a lot of power over America, it is believed that Chinese funding was used to meet the significant costs of the Iraq war. Taking over a country to topple one man that posed no direct threat to world safety was certainly an expensive exercise.

    3. United Kingdom - $307.4bn
    To be honest, this one surprised me greatly; particularly as the British have racked up significant national debts themselves. I wouldn't be surprised to see the UK calling in this debt in order to pay its own creditors, but this is still a sour debt for American people. America flourished after the first World War because of the huge UK debts that itself owned. It appears that the tables have turned however, and each American citizen now owes the UK $982. Since the population of the UK is about one-fifth of the size of the USA's, I will take a total of $4,910 from five of you please (paypal or cheques accepted).

    4. OPEC Nations - $179.8bn
    The OPEC Nations, this stands for the Organization of the Petroleum Exporting countries are basically Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, U.A.E. and Venezuela. I don't really understand this one, but I do find it rather amusing that the Americans owe Iraq money - having pretty much chosen to blow the place to bits, I suppose it is only fair that they pay the costs of damages. If your kid smashes your neighbours window whilst playing baseball, then you have to pay for the window, same rule applies to global politics it seems. To owe money to Angola, one of the developed world's poorest countries, seems ludicrous. I doubt that America could sink too much further.

    5. Caribbean Banking - $147.7bn
    America also owes $147.7bn to the Caribbean Banking centres. This debt is basically owed to Bahamas, Bermuda, Cayman Islands, Netherlands Antilles, Panama, and British Virgin Islands. To think that the USA owes so much cash to places with.... well, hardly any money themselves, is perhaps testimony to how low the country has sunk. The good news is that Obama intends to reduce America's debt, so hopefully Americans will no longer face the embarrassment of owing money to a bunch of tiny islands.
    http://hubpages.com/hub/The-American...o-American-Owe


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    3. United Kingdom - $307.4bn
    To be honest, this one surprised me greatly; particularly as the British have racked up significant national debts themselves. I wouldn't be surprised to see the UK calling in this debt in order to pay its own creditors, but this is still a sour debt for American people. America flourished after the first World War because of the huge UK debts that itself owned. It appears that the tables have turned however, and each American citizen now owes the UK $982. Since the population of the UK is about one-fifth of the size of the USA's, I will take a total of $4,910 from five of you please (paypal or cheques accepted).
    5. Caribbean Banking - $147.7bn
    America also owes $147.7bn to the Caribbean Banking centres. This debt is basically owed to Bahamas, Bermuda, Cayman Islands, Netherlands Antilles, Panama, and British Virgin Islands. To think that the USA owes so much cash to places with.... well, hardly any money themselves, is perhaps testimony to how low the country has sunk. The good news is that Obama intends to reduce America's debt, so hopefully Americans will no longer face the embarrassment of owing money to a bunch of tiny islands.
    It's time for the U.S to start coughing it up. But we should find out to what and who European countries owe money.
    How Turkey wants to conquer Europe: click here for more.
    Quote Originally Posted by Kemalist View Post
    Oh, come on. As if there are not enough Turks living in those countries to make counter-pressure. Even Merkel's Christian Democratic party has begun to have Turkish deputies elected. As a matter of fact; the Turkish population is rapidly increasing and Germany will soon have to come to a more pro-Turkish point. The same goes for your country, the Netherlands. In France; while there's a significant increase in right-wing movements; socialists are still in power and are preparing to lift their blocks upon Turkey's chapters.

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    Apparently Britain owes $900 billion right now, calling in the debt from America would sure help us right now. Its interesting to see a few of our territories in the Caribbean are also important lenders to the US.

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    Quote Originally Posted by celtabria View Post
    Apparently Britain owes $900 billion right now, calling in the debt from America would sure help us right now.
    It would also go a looong way to pissing off that Ombonga fella who hates us Brits.

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    1.It's an old article.
    2.USA is not in debt to UK and "Caribbean Banking". "Caribbean Banking" is Federal Reserve for sure. UK number is suspicious too. It is likely these numbers are bigger now, because of Federal Reserve buying US treasuries through indirect channels. I don't think other countries have diminished US debt either.

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    USA is not in debt to UK and "Caribbean Banking". "Caribbean Banking" is Federal Reserve for sure.
    How would you know? Source?

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    Foreign Holdings Of US Treasuries Surge Driven By Record "UK" Purchases:
    http://www.zerohedge.com/article/for...d-uk-purchases

    UK and Caribbeans are not buying US debt, I don't think. UK is bankrupt itself.

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    Quote Originally Posted by Breedingvariety View Post
    Foreign Holdings Of US Treasuries Surge Driven By Record "UK" Purchases:
    http://www.zerohedge.com/article/for...d-uk-purchases

    UK and Caribbeans are not buying US debt, I don't think. UK is bankrupt itself.
    Yes, looks like the UK is being used as a proxy for buying American debt according to a lot of the commentators and that is probably right.
    Still no proof that it isn't actually the UK though, a few brackets and a few commentators saying "saudis" and "the fed via the BoE" isn't proof.

    Its a shame we can't see who's really doing it.

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    Quote Originally Posted by celtabria View Post
    Yes, looks like the UK is being used as a proxy for buying American debt according to a lot of the commentators and that is probably right.
    Still no proof that it isn't actually the UK though, a few brackets and a few commentators saying "saudis" and "the fed via the BoE" isn't proof.

    Its a shame we can't see who's really doing it.
    We never know anything. Just because something is written somewhere doesn't make it more credible. We should think what is most likely. And I guess UK isn't buying US treasuries. At least not significantly so.

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