Japanese left pondering the enduring hostility of some Americans to their nation could be forgiven for wondering why it is they have leant them almost a trillion dollars to help fund their record 14 trillion dollar public debt – and what the even more unpopular Chinese think about their massive loan to the states is anyone’s guess.
Who, aside from Americans themselves (who finance about 40% of their government’s debt), lends the US government the cash (figures in billions):
China: $1,152.5
Japan: $906.9
United Kingdom: $333.0
Oil exporters: $221.5
Brazil: $206.9
Taiwan: $154.5
Caribbean banks: $138.1
Russia: $125.4
Hong Kong: $122.4
Switzerland: $112.4
Canada: $87.7
Luxembourg: $78.4
Germany: $61.3
Thailand: $60.7
Singapore: $60.3
Other: $657.2
More details for those interested.
Of course, all this also means the likes of China and Japan can hardly afford to be smug about the USA’s economic woes, let alone upset them – not if they ever want to see their trillion dollar loans repaid, at any rate…
The money from China isn’t a loan. It’s a gift.
we should get our money back to pay our own debts… 61,3 billions would at least be a start to pay back the 2300+ billions of debt we amassed already….
time value of money dictates the value of money is cut in half ever 10 years. So 500 billion in 2001 is worth 1 trillion now, that is not reflected in this graph, it would be much flatter curve. That said debt sucks and we do not need more debt to help pay our debt, that is just dumb.
dude, learn about financial management, or just googling about future value..man,
Now you’re just being silly…they lend us money because everyone loves America…right? Someone back me up here…anyone?