The National Debt: Does China / Japan really own the United States because of our Debt?

 

With our debt growing hugely every day of every year, does the United States really belong to Japan?

 

I wanted to bring up a topic that most people throw a blanket term over: who owns the United State's Debt? Out of our 16.738 TRILLION dollar deficit, where is all that money owed and who is it owed to? Are we a country that is owned by other countries because of our overall debt to them?

The answer is no. A friend of mine, Dr. Roger Blackwell, who is a renowned marketing expert showed me a graph that more accurately displays where the debt of the United States is owed to. Suprisingly, a good portion of the debt is owed directly to United Stated institutions and peoples. When calculating up the amount that is actually owed to other countries, it comes out that we owe our own country 66.6% of the overall deficit.

If we factor together all the different countries that we owe money to together, that comes out to around 33.4%.

SO WE REALLY OWE OTHER COUNTRIES A SMALL PERCENTAGE OF THE UNITED STATES DEBT.

So if we really factor it all out as to how much of the debt is owed to other countries, it comes out to about 5.58 trillion dollars is owed to other countries.

So in essence we are not owned by other countries. This country is still as independent as it has ever been. Now that being said, we are still in a government shut down, but that obviously is another issue altogether.

This also leaves another question, if we are not borrowing all this money to create debt with other countries, where is most of our national debt owed to? Well I will include a link at the very bottom of this post with the information I'm looking at, but here's a more written breakdown of the stats if you need it:

31.7% is owed to US Individuals and Institutions

16.0% is owed to US Social Security Trust Funds

12.0% is owed to US Federal Reserve

4.4% is owed to US Civil Service Retirement Funds

and 2.5 % is owed to US Military Retirement Funds

The truth of the matter is that we are creating our own debts to ourselves that we just haven't cashed in on yet. Our government couldn't handle if all the debts were called due at once. Bankruptcy may end up being an option with the problems that Americans have overall.

As always you can read more of my blogs and other information on my web site: My web site

So after knowing the truth of where our Debt is owed, what is your answer to the problem?