Thursday, 13 August 2009

Who Owns America?

America's national debt is huge and growing, it's around $11 trillion at the moment but what makes for interesting reading is who owns all the debt, via Treasury Bonds, we can see which countries are propping up America.

Little surprise who is top of the list, those pesky Communists China with $800 billion and the US may have bombed the crap out of them in WW2 but the prudent Japanese are in second place with $677 billion.

Then there is a big drop off to third place, which is a virtual $194 billion tie between two wonderfully titled, if not alarmingly vague groupings of, Caribbean Banking Centres (made up of Bahamas, Bermuda, Cayman Islands, Netherlands Antilles, Panama and the British Virgin Islands) and Oil Exporters (Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria).

Yes, that's right, Hugo Chavez owns some of America, as do the Iranians and the Iraqis, never mind Colonel Gaddafi. Brilliant stuff!

To my surpise the UK is next in line, with $163 billion, although not quite sure how we can afford that at the moment, considering the state we're in so perhaps time to cash those billions in Gordon?

Full list is here, have fun with it and celebrate that even Canada owns a peice of America, even if it is only $11.5 billion.

3 comments:

  1. With regard to the UK holding, UK Pension funds will hold a good few $billion. Despite all of the negative talk, the UK has more money in pension funds than the rest of Europe added together!

    I always assumed that Saudi Arabia would be near the top on its own.

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  2. Could you imagine a Chinese capitalist, experiencing his first capitalist recession?

    Funny how US can be dependent and competitive, at the same time.

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  3. Stephen:

    So did I but it appears it is in a collective with other terrible regimes.

    Ren:

    Yes it is funny, or terrifying...or both.

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