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Nickelless
Administrator
USA
5580 Posts |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 11/10/2008 : 09:42:12
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Countries That Own the Most U.S. Debt
Japan $585.9 billion
China $541.0 billion
United Kingdom $307.4 billion
OPEC Nations* $179.8 billion
Caribbean banking centers** $147.7 billion
China has dominated the news lately, but I remember when the Japanese were buying up everything in sight with the strong Yen (mid 80's to sometime in the 90's). Japanese bought our family company, but I also saw them buying hotels, office towers, gulf courses, all kinds of stuff.
Also, the Japanese were exporting high value, high quality items to North America (cars, electronics) while the Chinese were still doing cheap plastic flowers. The Japanese had a good head start on the export stuff and collect US dollars program, but I'd guess the Chinese are catching up fast. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
 Posted - 11/10/2008 : 17:47:57
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quote:
Originally posted by legacypac
Countries That Own the Most U.S. Debt
Japan $585.9 billion
China $541.0 billion
United Kingdom $307.4 billion
OPEC Nations* $179.8 billion
Caribbean banking centers** $147.7 billion
China has dominated the news lately, but I remember when the Japanese were buying up everything in sight with the strong Yen (mid 80's to sometime in the 90's). Japanese bought our family company, but I also saw them buying hotels, office towers, gulf courses, all kinds of stuff.
Also, the Japanese were exporting high value, high quality items to North America (cars, electronics) while the Chinese were still doing cheap plastic flowers. The Japanese had a good head start on the export stuff and collect US dollars program, but I'd guess the Chinese are catching up fast.
I think those numbers refer only to private debt. I'm pretty sure that China holds over a trillion in treasury bills. (Public debt).
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"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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List of U.S. creditors...kind of surprising
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