posted on Jun, 6 2005 @ 04:10 PM
Who own America?
Well taking in consideration that American buys more than it sells and spend more that it earns, we depend in foreign investors to save the day.
The 2004 trade according to the Commerce Department fall short.
International investors from central backs finance the deficit in many ways, no only on buying goods but investing in US securities.
As long as people like the Saudi royal family are willing to lend the US money to finance its deficit, they are welcome.
The biggest holders of treasury securities are Japan, China and Britain, Japan holdings are US 711.8 billion, China’s holdings are US193.8 billion
dollars and Britain holdings are US 163 billion dollars this was up to December last year.
Now still it seems that Japan is the larger holder so far, compare to perhaps the second the Saudi Royal family.
I guess that when it comes to corporate power and foreign investment our nation is own by others outside the US.