Friday, July 29, 2011

Who really does own the United States of America?

With all the rhetoric and angst, finally, on this cancer, I have begun a personal research into who actually owns or a better said way, who we actually owe nearly $15 Trillion to and find this simply astounding:

  • Hong Kong: $121.9 billion (0.9 percent)

  • Caribbean banking centers: $148.3 (1 percent)

  • Taiwan: $153.4 billion (1.1 percent)

  • Brazil: $211.4 billion (1.5 percent)

  • Oil exporting countries: $229.8 billion (1.6 percent)

  • Mutual funds: $300.5 billion (2 percent)

  • Commercial banks: $301.8 billion (2.1 percent)

  • State, local and federal retirement funds: $320.9 billion (2.2 percent)

  • Money market mutual funds: $337.7 billion (2.4 percent)

  • United Kingdom: $346.5 billion (2.4 percent)

  • Private pension funds: $504.7 billion (3.5 percent)

  • State and local governments: $506.1 billion (3.5 percent)

  • Japan: $912.4 billion (6.4 percent)

  • U.S. households: $959.4 billion (6.6 percent)

  • China: $1.16 trillion (8 percent)

  • The U.S. Treasury: $1.63 trillion (11.3 percent)

  • Social Security trust fund: $2.67 trillion (19 percent)


  • The more I study the categories and the percentages, the more amazed I am for at the core of the "how" resides the power of a bureaucratic system that grows and feeds off of itself via entitlement programs and the like.  I find a gaping question in not seeing the US Federal Reserve  shown as a debt holder of the US government but that is probably reflected in the US Treasury figure.

    I told my wife this morning that if there is a silver lining in all of the fiasco, decades and presidencies in the making, it has caused a level of interest in the American people to examine their own indebtedness, how the legislative process really works and how a democracy is supposed to work by seeing how defunct this democracy is apparently working before the eyes of the world; and they are watching!

    As the new IMF President Ms Lagarde stated yesterday, the US should be downgraded for the belief by the world that America would always pays its debt is now 'eroded' and the Asian markets closing this morning, the mid day European markets and the now American market stock indexes are reflecting this sense of distress and fear.

    So whomever owns your debt owns your future .... Truer words were never spoken!

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