Who owns America? Hint: It's not China

[Zander]

Based upon the hyperbole from the media, you'd think China would be our top creditor, right? Not!! You've been lied to...again!!

Here is what we owe to other nations etc..:

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)

So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.

SOURCE ARTICLE

 

[Zander]

Another illustration

 

[uscitizen]

Based upon the hyperbole from the media, you'd think China would be our top creditor, right? Not!! You've been lied to...again!!

Here is what we owe to other nations etc..:

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)

So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.

SOURCE ARTICLE

Ans many wingnuts wants to default on payin what is owed to Americans?

 

[uscitizen]

Debt the govt owes to itself?
As in pension funds to US workers?
SS surplus contributions spent?
Etc.

That owed to itself is a very useful deception for those not wanting Americans to get money owed to them.

 

[Jroc]

Based upon the hyperbole from the media, you'd think China would be our top creditor, right? Not!! You've been lied to...again!!

Here is what we owe to other nations etc..:

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)
So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.

SOURCE ARTICLE

Theres no money in the "Trust Fund"? But they send me those statements every year.

 

[Full-Auto]

Based upon the hyperbole from the media, you'd think China would be our top creditor, right? Not!! You've been lied to...again!!

Here is what we owe to other nations etc..:

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)

So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.

SOURCE ARTICLE

Ans many wingnuts wants to default on payin what is owed to Americans?

LOL BORROW MORE TO PAY OURSELVES

Christ, I still laughing at that nonsense. So because I want to pay myself I want to go further in debt. OH BROTHER.

 

[uscitizen]

Based upon the hyperbole from the media, you'd think China would be our top creditor, right? Not!! You've been lied to...again!!

Here is what we owe to other nations etc..:

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)

So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.

SOURCE ARTICLE

Ans many wingnuts wants to default on payin what is owed to Americans?

LOL BORROW MORE TO PAY OURSELVES

Christ, I still laughing at that nonsense. So because I want to pay myself I want to go further in debt. OH BROTHER.

Jumping to contusions again?

Cut spending to the military 25%, just cutting out waste and closing some foreign bases can do that.
Remove tax breaks for corporations to move jobs offshore.
pursue and prosecute fraud ie medicaid/medicare.
Raise the SS retirement age and remove the ceiling on SS withholding.
Many more things to do.

Pass a pure flat income tax with no deductions.

 

[Antiderivative]

China is our top creditor outside of domestic obligations. Your own source confirms this.

 

[Zander]

We could sell the Gold in fort Knox- that'd raise around $350 Billion....

Ron Paul wants gold at Fort Knox audited - Jun. 24, 2011

 

[Zander]

China is our top creditor outside of domestic obligations. Your own source confirms this.

Yes, and it still only amounts to 8% of our debt. The massive majority of our debt is to ourselves, that is indisputable.

 

[uscitizen]

We could sell the Gold in fort Knox- that'd raise around $350 Billion....

Ron Paul wants gold at Fort Knox audited - Jun. 24, 2011

Yep going to a gold standard would mean all the US money in existence would be worth less than one trillion.
About 1/2 trillion from what I read.

 

[Full-Auto]

Ans many wingnuts wants to default on payin what is owed to Americans?

LOL BORROW MORE TO PAY OURSELVES

Christ, I still laughing at that nonsense. So because I want to pay myself I want to go further in debt. OH BROTHER.

Jumping to contusions again?

Cut spending to the military 25%, just cutting out waste and closing some foreign bases can do that.
Remove tax breaks for corporations to move jobs offshore.
pursue and prosecute fraud ie medicaid/medicare.
Raise the SS retirement age and remove the ceiling on SS withholding.
Many more things to do.

Pass a pure flat income tax with no deductions.

First I only went by what you posted. Take a moment and reread it.

Plus I absolutely disagree with raising the age. Because that discriminates against all those who have worked in physically demanding fields. Just because we live longer doesnt mean vitality tags along for the trip.
I also agree with many more things to do.

 

[uscitizen]

LOL BORROW MORE TO PAY OURSELVES

Christ, I still laughing at that nonsense. So because I want to pay myself I want to go further in debt. OH BROTHER.

Jumping to contusions again?

Cut spending to the military 25%, just cutting out waste and closing some foreign bases can do that.
Remove tax breaks for corporations to move jobs offshore.
pursue and prosecute fraud ie medicaid/medicare.
Raise the SS retirement age and remove the ceiling on SS withholding.
Many more things to do.

Pass a pure flat income tax with no deductions.

First I only went by what you posted. Take a moment and reread it.

Plus I absolutely disagree with raising the age. Because that discriminates against all those who have worked in physically demanding fields. Just because we live longer doesnt mean vitality tags along for the trip.
I also agree with many more things to do.

Ohh raise the age for those under 40. Our life expectancy has raised considerably so it will be a wash.
How about the rest of the items?

 

[Antiderivative]

China is our top creditor outside of domestic obligations. Your own source confirms this.

Yes, and it still only amounts to 8% of our debt. The massive majority of our debt is to ourselves, that is indisputable.

I know this and don't dispute it. This is not esoteric knowledge and in the past we were even more capable to finance our own debt.

However, the recent trend is to look for foreigners to finance our debt since America has a savings deficiency.

 

[Big Black Dog]

I own 430 acres of America. Free and clear. Got the papers to prove it.

 

[Zander]

China is our top creditor outside of domestic obligations. Your own source confirms this.

Yes, and it still only amounts to 8% of our debt. The massive majority of our debt is to ourselves, that is indisputable.

I know this and don't dispute it. This is not esoteric knowledge and in the past we were even more capable to finance our own debt.

However, the recent trend is to look for foreigners to finance our debt since America has a savings deficiency.

Actually, for most Americans, it really is esoteric knowledge. Their is very little reportage on the actual composition of the national debt.

For instance, how many people know that the $2.7 Trillion Social Security trust fund is invested in special-issue Treasuries, which are not available to the public? Before investing in these Treasuries, the excess FICA taxes not needed to pay current beneficiaries, were "loaned" to the Treasury to spend on other government expenses. The Treasury issued special Bonds - as a promise to pay back these loans. Here's the interesting part - the interest credited to the trust fund - is issued in Treasury bonds too, so the entire "trust fund" - principal and interest - is unfunded debt.

 

[Antiderivative]

Its not terribly hard to understand nor is this information hidden or prevented from others.

Ignorance does not imply esotericism.