Question
Who owns americas debt?
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2nd Nov 2009 by Michael Haltman
Certainly American institutions and citizens own the lions share of the debt issued by the U.S. government, but in what could be considered a disturbing trend foreign governments are stepping up and buying more and more. As new auctions are held, we rely on foreign participation for the interest rate to be maintained at the current low levels. The largest foreign owner is incredibly China, a country not that many years ago the United States did not even have relations with. Although our style of government is vastly different, they hold economic leverage over us. Japan is the second largest foreign owner, and the oil producing countries, some not particularly the friend of the United States are third.
Certainly American institutions and citizens own the lions share of the debt issued by the U.S. government, but in what could be considered a disturbing trend foreign governments are stepping up and buying more and more. As new auctions are held, we rely on foreign participation for the interest rate to be maintained at the current low levels. The largest foreign owner is incredibly China, a country not that many years ago the United States did not even have relations with. Although our style of government is vastly different, they hold economic leverage over us. Japan is the second largest foreign owner, and the oil producing countries, some not particularly the friend of the United States are third.
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30th Oct 2009 In USA
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Subjects: americas debt,