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Author Topic: Money  (Read 7068 times)

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AGelbert

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Re: Money
« on: May 24, 2014, 04:25:05 pm »
How Much US Debt Does China Own?


The US national debt is more than $17 trillion US Dollars (USD), or roughly equal to the country’s gross domestic product (GDP), and China owns about 7.6% of it, or more than $1.2 trillion USD. China is the largest overseas creditor of the US. Japan is the next-largest overseas creditor, and it owns about $1.1 trillion USD of the US national debt. More than one-fourth of the US debt is actually owed to its own federal government, such as the Social Security trust funds and the Federal Reserve.

More about the US national debt:


•The US was created with a national debt; a 1790 analysis estimated that the new country had a debt of $75 million USD, or about 30% of its GDP.

•As of 2014, Andrew Jackson is the only US president to get the US national debt completely paid off during his presidency — the country was debt-free from 1835 to 1836.

•The US national debt has not been below $1 billion USD since 1866.

http://www.wisegeek.com/how-much-us-debt-does-china-own.htm


Agelbert NOTE: There you have it - PROOF that what WE saved in Social Security has been pilfered away by the lying, thieving crooks in our government for corporate war and fossil fuel profiteering. Big Oil OWES US that money!
 


Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

 

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