NotYourBody
Gold Member
- May 25, 2019
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Okay, not sure why you never learned to use the Google machine, but here it is.If one cannot identify TO WHOM a so-called "debt" is owed, then one cannot actually claim that there is any "debt" existing.
So far, no one in this thread has done that. As far as what this thread has produced, there could be no debt at all.
Here’s who owns a record $21.21 trillion of U.S. debt
"American institutions such as private and state pension funds as well as individual investors were the biggest holders. They owned $6.89 trillion in debt and absorbed about four-fifths of the increase over the past year."
"Foreigners, led by the Chinese and Japanese, owned $6.21 trillion. Those two countries have cut their stakes since 2015, but each country still owns more than $1 trillion worth of Treasury bonds and notes."
"The U.S. government, for its part, owned $5.73 trillion in debt, mostly via Social Security and federal pension funds."
"The Federal Reserve owned $2.38 trillion in debt, but it trimmed its holdings by $85 billion since June 2017."