28 July 2011

Who Owns America?

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.

(The 'Caribbean banking centers' are probably mostly American money too.)

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