The National Debt – Who Do We Owe?

Everyone knows our national debt is an unavoidable problem at this time. But did you ever take a close look at who America owes and how much?  Let’s do the math:

  • 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)

Wow… I bet you thought – like most people, politicians and the media alike – that China and Japan own most of America’s $14.3 trillion in government debt. While it’s true that China and Japan (and plenty other foreign nations) do own substantial amounts of America’s debt, it’s really Americans who hold most of it when you add the numbers and do the math!

Can it be fixed? Not without pain. Lessen yours by starting your own gold-backed savings account at the KB Gold private global gold currency exchange. Registration is free and there are no fees involved either – so register and buy gold today.

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