....I believe it is Japan that owns a huge chunk of our national debt. Hell, they own like most of California.
Don't forget that they own half, if not more, of DC.
seekerof
Originally posted by Skadi_the_Evil_ElfAnd Yog, I believe it is Japan that owns a huge chunk of our national debt.
CHINA had US$440 billion (S$755.4 billion) in foreign exchange reserves at the end of March - and no lack of suggestions from its more thoughtful citizens on what it should do with the money.
The amount is the second largest in the world, after Japan's US$795.4 billion.
Although no official figures are available, the widespread belief in China is that as much as 70 per cent of that is held in United States Treasury and other bonds.