Its like livin on the ´benefits´ of a CREDIT CARD, where the holdin countries are ur VISA.. * * * I guess someone is FORGETTIN DA BILLS. * * *
Did you post that in binary code? if not, you OP might could use some cleaning up cause I have no idea what I'm looking at.
When a credit card gets out of hand, a pressing situation occurs, likewise, when credit gets out of a hand for any country, a pressing situation occurs.
You’re apparently new to the forum so for some friendly advice, I’d check out the forum rules, especially the ones about starting new threads. This sub-forum is for news so a topic based on raw data like this would be more suited to Political Opinions & Beliefs. It’s obvious that the formatting of the table you copy-pasted from Wikipedia didn’t work out here but the link should have sufficed anyway. If you had a specific point to make you could have picked out the relevant figures individually. On that note, it isn’t at all clear what you’re getting at or what direction you’re trying to take the discussion. Specifically on this sub-forum but for new threads in general, you’re meant to add your own comments to start a debate or discussion (which is, after all, the purpose of the forum). Threads like this are likely to get closed or at least moved and generally won’t engage very positive discussion. Better luck next time.
I'm glad it's not my home brew that was responsible for the unreadable gibberish. Mum always said it would make me go blind, or was that something else?
Why? You have a thread without intention. It's normal to post a thread and your own point of view for discussion. This one is like pulling teeth just to get your point.
China, Japan, UK, oil countries and Brazil, top holders of US Treasury bonds While US politicians remain divided on how to raise the government's ability to borrow, with a key deadline less than a week away, how is the current 14.29 trillion dollars in federal debt split, according to stats from the Treasury Department? http://en.mercopress.com/data/cache/noticias/32507/0x0/1-deuda.gif Foreign countries hold 4.5 trillion dollars of US debt Foreign countries hold 4.5 trillion dollars of US debt Of the current 14.29tn, 8.1tn is publicly held and 6.2tn is held by the US government. Of the publicly held debt, China with 1.3 trillion dollars is the largest buyer and holder of US Treasury bonds. Other countries combined hold over 3.2 trillion while a range of investors, individuals, pension funds, banks, state and local governments and other buyers hold 3.6tn. Of the 6.2tn held by the US government, 2.7tn is in Social Security trust funds while other US government agencies have 1.9 trillion and the Federal Reserve Systems has 1.6 trillion dollars. The US Treasury Department information lists 35 creditor countries, with Japan ranked second holding 912.4 billion dollars in US debt; UK, 346.5bn; Oil exporting countries, 229.8bn; Brazil, 211.4bn; Taiwan, 153.4bn; Caribbean banks system, 148.3bn; Hong Kong, 121.9bn and Switzerland, 108,2bn. Besides Brazil other Latin American countries include Mexico with 27.7bn; Colombia, 19.9bn and Chile with 18.9 billion dollars in Treasury bonds. The US federal government debt breached 100% of GDP in the aftermath of the financial crisis of 2008. The vast amount of US debt held abroad illustrates the dollars role as the worlds most reliable reserve currency. However this would change unfavourably for the US economy if the default finally breaks international confidence in the greenback. In such a scenario interest rates in the US would soar as investors abandoned Treasury notes and would force the Federal Reserve to hike rates to entice wary investors. This would cause the US economy to shrink, bringing recession, raising unemployment, pushing price hikes in goods and commodities. Furthermore this would be followed by cuts in government services and at the same time driving up government costs for unemployment insurance and health care. Internationally a default of dollar denominated debt would have a devastating confidence impact on the dollar, reducing investments in dollars and the value of the US dollar relative other currencies, driving up costs of imports, mainly oil, which represent half of the US imports. China the largest holder of US debt would be constrained from dumping its Treasury notes because it would diminish the value of its dollar accounts, but other currencies with substantial dollar investments will be tempted. http://en.mercopress.com/2011/07/28...s-and-brazil-top-holders-of-us-treasury-bonds * * *
