America owes America 9.8 trillion! Foreign debt is only 4.5 trillion...so America owns America.

Just read this article:

[link to globalpublicsquare.blogs.cnn.com]

"Who owns America - Hint, it is not China"

The list is interesting:

from the article:
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"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."
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I think what the figures suggest is that the foreign debt has no real influence and they are not being 'controlled' by the other countries.

Thread: Europe Stunned After Being Told "Obama Is Not In Charge"
^ I misunderstood this one yesterday lol


Obama is not in charge of the EU.
Does the US have any influence over Europe though?