Monday, 17 January 2011

Who Owns USA Debt?

If China sold all their treasury bonds now, the US economy would collapse. Of course, that's not going to happen because who else is crazy/rich enough to buy all that debt. How ironic too that the top lenders to uber-capitalist pseudo-libertarian USA are socialist/welfare states. Who is my brother's keeper?

The Philippine Islands, would you believe, owns more US IOUs than Australia, Spain, Denmark, and Malaysia.

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