Black People : The TRUTH About Who Really Owns All Of America's Debt Hint: It's not China

Discussion in 'Black People Open Forum' started by oldsoul, Jul 24, 2011.

  1. OldSoul

    OldSoul Permanent Black Man PREMIUM MEMBER

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    The TRUTH About Who Really Owns All Of America's Debt

    While the Chinese, Japanese and plenty of other foreigners own substantial amounts, it's really Americans who hold most of America's debt.
    Here's a quick and fascinating breakdown by total amount held and percentage of total U.S. debt, according to Business Insider:
    • 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.
     
  2. Ankhur

    Ankhur Well-Known Member MEMBER

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    How does social security and pensions count as debt?

    that is wht the GOP is trying o tell us

    according to US law a president can raise the debt cieling without offering a doggone thing to nobody,
    or placate some devils meanness to the poor
     
  3. Ankhur

    Ankhur Well-Known Member MEMBER

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    the GOP want us to beleive SS and pensions are debt
     
  4. Mikha'el

    Mikha'el Well-Known Member MEMBER

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    it doesnt matter who its owed to

    All of it goes to reserve banks or nearly all of it.

    N Actually America is not 9.8 trillion in debt

    Try 14 trillion

    Heres a site where u can watch americas debt increase in real time http://www.usdebtclock.org/
     
  5. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    It counts as debt when government raids the pool and places IOUs in the pool in place of the assets that were removed and used for other purposes.

    Pledging to the pool seems to be less favorable to its participants and a boon to its trustees ....

    One of many potential problems with a trust: the trustee absconding with the assets and income of the trust ....
     
  6. Ankhur

    Ankhur Well-Known Member MEMBER

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    If China dumped their US holdings and went Euro, the conversation in Washington wont be defict it would be flat out depression and the crash of Wall street
     
  7. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    In the Spirit of Sankofa,

    .......This may be correct, but involves the public debt clause of section 4 of the fourteenth amendment and declaring it unconstitutional. However, the double-counting aspect, Congress' re-appropriation of the enacted debt, is unreasonable since the debt ceiling limit is for debts already incurred. Notwithstanding, the Supreme Court would be hard-pressed to allow law suits or default.

    Peace In,
     
  8. Ankhur

    Ankhur Well-Known Member MEMBER

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    The 4 wars are 75% loaned money
     
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