Who owns the U.S.?

[Bill V]

Interesting article on which foreign countries own the biggest share of the U.S. federal debt...

 

[Thomas Rogers]

i take objection with the title of the article and can't get myself to read it due to the title alone. Sensationalist journalism at its worst, IMHO.

 

[Les]

The article answers it's own question in the second paragraph...

While most of the country's $14 trillion debt is held by private banks in the U.S.

 

[Bill V]

Les, agreed completely. I do think the list below that statement is still interesting, the biggest point of the article, IMHO, is the fact that it points out that most of it is held by private US banks. (Although ownership of those banks isn't established.) I've heard many times how so much of the US debt is owned by certain overseas governments, particularly Asia, and this seems to rebuke those assertions.

 

[Les]

Bill V, I agree, I thought is was much worse.

 

[Jacob Dryer]

It still means though that the richest of the rich own this country. Big banking is a big deal, and their hands are all over the country.

 

[Thomas Rogers]

Private banks in the U.S. own most of the national debt.



However, that doesn't mean they "own the U.S."... that's all I was objecting to.



TJR

 

[Richard L]

TJR,

I agree with you. A don't like misleading headlines like that but I did go to the link and checked on what it said. It may have been more correct to say: " Who wones the U.S. Debt?"



I will have to say that I am not fond of owning any money to foreign powers, and certainly not China, Russia, or OPEC countries.



...Rich