To Whom Does America Owe The Most Money? Americans (Not the Chinese)

in today’s news….

It appears the American populace has been duped.  Our government allows us to think that we actually owe China, Japan and other foreign nations more than our nation is worth.  The truth is our government actually owes us.

The obvious thinking is, if the average American figured out that Congress is playing around with money that is actually owed to us, the people… the people would take a more active role in their governmental process.

Take this knowledge away from the people and put in a boogie man (the Chinese or Japanese) and you can thwart the sight of the people.  Make them think that the fat cats that are sealing the nations’ money are actually working of the good of the people. Then stage a huge debt ceiling argument and postulate and gripe while threatening Granny that you can’t pay her what you OWE her while you allow the corporation to continue to profit on the backs of the people.

Don’t believe me?  Well here’s the breakdown:

Breakdown by total amount held and percentage of total U.S. debt

  • 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

 

So now that you know MadMen…what will you do?

 

About WYMS

join the revolution of the mind @ www.whyyoumadson.com

2 Responses to “To Whom Does America Owe The Most Money? Americans (Not the Chinese)”

  1. Now, you know why they they keep mentioning shutting down social security or that there won’t be any money left when we get to be seniors. The fed does not plan on paying it back.
    Also keep in mind that the U.S owes the Federal Reserve a trillion or so not sure of the exact amount. Also interesting, is the oil countries you mentioned, some of those countries were and are Venezuela, Iran, Iraq, and Libya. I wonder why we have beef?

  2. I owe 44,900 dollars as a disabled woman in Amerika. If I was part of the working class, I would owe 91,500. I owe this to China. THANX. and Falk you my white except for uncle obammy government. Falk you too Obammy. I would not vote for any of you. People’s get my vote! i am a white disabled woman who loves Amerika. My step-mom is Chinese and I love her too. We need Change! Us true patriots are on it. my 5cent added.

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