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Visualizing America's Creditors
A vivid chart from VisualEconomics, demonstrates the key US creditors and their most recently disclosed holdings. Of course, the TIC does this monthly (in a much less pretty format), but it does make for a good poster, especially if knowing off the top of your head whom the U.S. will be screwing if and when it decided to repudiate its debt, is of notable relevance . One name omitted: the United States itself, which according to the H.4.1 owns $777 billion of debt, essentially making it the second largest creditor after China. Obviously, this analysis excludes retail level and individual holders of debt.
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Just getting chuckles out of owing countries like Thailand money...
Since your education system has made the common man more of a "picture person" rather than those fancy "words", this would be an excellent handout at the local Elks club.
Anyhow... totally unrelated Jim Cramer rant from last night that less jobs = good for America. As long as you are a speculator.
Boo yah! He is right
http://is.gd/686z0
CNBC - the Baghdad Bob of business television. Good article though, thanks for the link.
So I guess we need to replace the mantra of globalization and the outsourcing of Americas manufacturing base and IT industry is good for the country, to millions and millions of Americans out of work is good for the country.
Sweet!
I say layoff another 30 million useless eaters, ship their jobs overseas and watch the green shoots revolution reach into the stratosphere.
We'll all be able to ride the assest appreciation rocket to untold riches and prosperity.
I saw an infomercial on the late night idiot box selling a new trading paradigm based upon the lifestyle you wished to live. Sure beats Jeff Pauls internet shortcut millions scam.
wish you guys would acknowledge the fact that these countries like Thailand bought US bonds to boost their own reserves. Its not like the US went begging them to buy it. That being said, Nice graphic.
Can this be correct. I don't see the Cayman Islands - supposedly one of thebiggest holders of US debt...
Can this be correct. I don't see the Cayman Islands - supposedly one of thebiggest holders of US debt...
This makes absolute sense!! We can't allow our government to hold us hostage to these artificially-driven up prices any longer!!
Default as a PATRIOTIC DUTY---
http://blog.ml-implode.com/2010/01/default-as-a-patriotic-duty/
"default as a patriotic duty" as a political method to sell a free market mechanism to the mobs. hmmm. will ponder. will say I'm not totally on board with political rhetoric like this.
Do you think anyone in the Obama administration, leading democratic law makers, the head of the Fed or leading economists ever stop and reflect on the basic fact that we are the leading debtor nation on the planet? That we continue to ship jobs over seas and import "stuff" from the lowest provider (sabotaging our own future further). That we owe almost everyone on the planet money and there are many to whom we owe vast sums of wealth? That the amount of debt is increasing at an exponential rate? Guess not or maybe they are just "cool" with it. I'm not! I don't run my finances that way and I expect a lot better of them.
I'm sure you would if you had all the guns.
U S A number 1! U S A number 1! ...
Quick question. It looks like there is about 2 trillion dollars worth of debt here the U.S. government owes to other countries. However, their current debt limit is somewhere around 12 trillion and about to be raised higher. Who supplied the other 10 trillion in debt?
Quick answer to your quick question. When Bush took office in 2000, the National debt was @5 Trillion dollars, accumulated over 224 years. Eight years later, the debt had doubled to over 10 Trillion dollars.
Hammer,
I don't think he is asking who created the debt, i.e. Bush, but rather who purchased the other 10 trillion.
The other 10 trillion is about 1/3 individuals and corporations, and 2/3 the government itself. Most of the latter is in the Social Security Trust Fund.
See:
http://en.wikipedia.org/wiki/United_States_public_debt
http://en.wikipedia.org/wiki/File:Estimated_ownership_of_US_Treasury_sec...
http://www.ss.com/2009/social-security-trust-fund-owns-more-us-treasury-...
i thought Ireland were dead broke? shouldn't they have cashed those USTs in already?
Foreign currency reserves anyone?
How sad is it that Americans refuse to own our country's debt and prefer to let Obama kneel before the temple of Mao with his mouth wide open.
- Then again, I suppose Lloyd's given him plenty of practice.
Not much change from Bushie I suppose.
Still... a nice chart to view.
Suckerz!!
I am Chumbawamba.
Now I just need a listing of what funds/banks hold what amount of the debt. Would expect to see an insane amount held by Caribbean banks, you know banks that buy far more treasuries a year then the total GDP of the island they are "located" in.
And looking at this again I have to give props to Singapore, Hong Kong, and Luxembourg. Look at how much debt of ours they hold, then realize how tiny these places really are in size and population. We have cities in the US with more people in them then these places, which also cover a larger landmass! Hell the city I'm in right now is basically a college town and has a way bigger pop then Luxembourg! No one can say they didn't do their part to keep the ponzi going!
Excellent Job on the chart! , Pretty much explains alot
It used to be said that government debt wasn't a problem because we just owed the money to ourselves. This clearly isn't the case anymore. If you really want to scare the public straight, show them a good graphic of the increase in debt-to-foreigners vs. debt-to-ourselves. (Then again, maybe the public has become too stupid to understand the problem.)
wouldnt exclude a default on Treasuries soon. would perhaps deblock the ponzi scheme.......
Look at it as the cost of doing business with the US, a pay to play scheme or even an insurance policy.
Ha! That chart on the top of the image is a bit misleading. It first scales by decade until the year 2000, restarts at 2008 then continues yearly. If the author had continued the decade scale they would have had to draw a nearly vertical line at the end of the graph, doubling the debt from 10 trillion to 20 trillion in less than a decade. IMHO, that severely detracts from the significance of the numbers (which is probably the point)
We should tax all our debt interest payments and include sovereign entities too, end of problem.
Jesus , Ireland has more FRNs then France - now if we could just persuade those cheese eating surrender monkeys to exchange their gold for our holdings of the worlds reserve currency our problems could be over..........
narrow sight eh? you forget how we beat the British right?
http://people.csail.mit.edu/sfelshin/saintonge/frhist.html
Good luck with that. Remember it was the French that really ran the ball to break us off the gold standard. Turns out Charles de Gaulle trusted gold more then he did FRNs.
The above remark was in jest since my political beliefs are essentially Gaullist in nature but getting back to Irish holdings of US debt - could somebody please explain where these are because our national pension fund holds only Euro bonds and our official and other foreign assets do not come even close to the above figure.
I suspect that most of our "national" holdings of US debt is run through the IFSC building in Dublin but I cannot confirm this
Chart visual would be much more effective if all time series went from left to right -- there is an illusion many countries exposure is shrinking.
Not a (explicative deleted) word have I EVER heard of the trillions Americans have paid to keep other countries free. IN lives and dollars. Not one word of the trillions paid in protection, nor aid during disasters. Not one word even from US or our wonderful media that says one dratted thing about all the giving we have done. There sure is a "keeper of the tithe" when we owe something. I hope we go belly up and leave all those folks hangin' out to dry. I hope some statesman comes up and is not afraid to mention all the dirty laundry that other countries have done, like not helping when others have trouble. We were the only country to give major aid to the Indian Basin after the Christmas 2004 e-quake and tsunami but INdonesia had the gall to say we did not do enough. If I were king, I would pull in my horns and let begin to rail the rest of the world for not helping. Where is the Chinese aid? Where is the Russian Aid,french, and on and on, oh nevermind, my time is better spent at the coffee shop 'cause none of us Americans will stand up for the USA NO ONE cept me, and I can't do it alone.
Elect me KIng and I will get things done you will not believe
Capt Brian
What about how much money is owed to the United States?
mexico??? we have GIVEN them 10 billion every time we changed president since Ronald Reagan.
Aren't Americans tired of White house, Fed Reserve Bank and Wall Street corruption? Please have your own coup d' etat, rebellion, people power or whatever you might call it. You whine...and that's all you do.
We should drag the financiers, investment bankers, brokers, real estate agents, their accountants, their lawyers, and the other parasites who assisted them...
...out from their luxurious homes and confiscate their unrighteous ownerships of assets, from money to boats, to other of their ill-begotten assets,
and put them to hard labor for their community member/victims whose finances and whose lives they have destroyed.
A number of theses parasites who intentionally planned the subject investment scams and schemes, deserve to be executed for the enormity of their criminal or wrongful and fraudulent 'financier' actions!
We should drag the financiers, investment bankers, brokers, real estate agents, their accountants, their lawyers, and the other parasites who assisted them...
...out from their luxurious homes and confiscate their unrighteous ownerships of assets, from money to boats, to other of their ill-begotten assets,
and put them to hard labor for their community member/victims whose finances and whose lives they have destroyed.
A number of theses parasites who intentionally planned the subject investment scams and schemes, deserve to be executed for the enormity of their criminal or wrongful and fraudulent 'financier' actions!
Democratic or Republican president, I see no change in white house policy, just changes in heated partisan rhetoric, designed to fill the tiny minds of television viewers with hate for the other side, to distract them from the giant sell out of America by politicians, the internet the only media where one can read what people really think is going on, with charts like the one here.