Who owns all this world wide debt?

Illuminati

 

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Since a large part of the world's debt is US debt, here a pretty good answer to thread's question:
(Chart below is too big. Don't miss the two lines below it.)

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(AGY is for agency, like FHA etc.)

But of course soullust is correct, not just joking, as the Illuminati controls UK, Japan & China. That is so well hidden that few know it.

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One other thing I noticed: The US Treasury thinks that 59% + 17% + 30% = 100% !!! No wonder the US is in "deep yogurt" :bawl:

 

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Did you ever see How far China The UK And japan are in debt?

Who owns there debt then ?

 

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I don't think either has much external debt - very different story for the US. Some companies, especially in Japan, may have borrowed dollars. On all this I am just guessing, without facts.

A few years ago, the largest Brazilian companies could borrow dollars at lower rates than the Brazilian government could. Brazil has one of the most responsible Central banks in the world. Today they raised the basic interest rate to 9.5% to control the surging economy. (GDP growth is not as high as China at ~5% but every factory is running at near capacity.) Brazil has the highest real interest rates in the world. Compare the top five:
Brazil........4.5%
Indonesia..3.0
China........2.8
Australia...2.1
Russia......1.6

I am a little suspicious as Turkey is not even listed in the top 10 and not too long ago was No. 2

 

You mean, it will closely track the trade surplus they run with the US. And even then, only if they pursue a fixed exchange rate policy - otherwise the trade surplus simply evaporates, rather than getting expressed as debt. Even then, it only shows up as debt if they park their accumulated dollars in loans back to the US (instead of letting them sit in a bank vault somewhere).

Again, that would net exporter, not just exporter.

Japan is also a debtor nation, with a debt-to-gdp ratio second only to Zimbabwe (they owe nearly double their GDP). This occurs for the exact same reason that Japan runs a trade surplus - they have a very high savings rate. This allows the Japanese government to borrow from its citizens at very cheap prices and so sustain a huge national debt. This illustrates that being a strong net exporter doesn't make one's government a big creditor - in fact, the exact same factor that drives the exports also drives up government debt.

However I think you will generally find that countries with strong exports have low external debt. They don't tend to borrow heavily from other countries, because their own citizens are saving at such inflated rates that they can borrow more cheaply at home. But this tends to drive said governments into debt, if not the actual nations themselves.

 

the only thing i can find comparing, multiple world economies was.

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html

the USA is not there :shrug: but i believe the states is running around 90-91 percent of GDP.

And the USA Probally waived Turkies debt, to them, for the war, and use of there soil.

 

? What war are you referring to? Turkey refused to allow the use of their soil during the invasion of Iraq - it was something of a diplomatic kerfluffle.

And I don't think the US government was holding any substantial Turkish debt to begin with.

 

It was a just a suggestion, The USA is known for paying off countries as with all our western countries.

 

In post 24 I forgot to tell that to ease the pain of higher interest rates, especially as Brazil is now in an election campaign, that
Viagra patent was scrapped the same day as rates went up 0.75% in Brazil.

I do not know if that is part of the "cross retaliation" the WTO authorized Brazil to make against the US for it illegal subsidies to cotton. Brazil did announce that much of the cross retaliation would be against "intellectual property" rights.

 

You have to Give Brazil, credit, there the only self dependent nation, left (Not depending on foreign oil).

America should grow more corn for alcohol in the desert. I think it would be possible combining this tech

http://www.youtube.com/watch?v=C-EvV90MeDY

 

"... Japan seems exposed to the same kinds of problems, {as EU's PIIGS} with a chronically depressed economy and public debt at 197% of GDP and total credit outstanding at 471% of GDP, well above even the U.S. levels. Korea is also somewhat highly levered, with total debt at 333% of GDP. However, the capital markets of both countries have been fairly resilient. Australia has a total credit to GDP ratio of about 300%—somewhat less than that of Korea—and yet its equity market was relatively weak, perhaps because of its commodity exposure and exposure to China, in particular.

China, where equity markets fell most on the news (Hong Kong down 0.7%, Shanghai 3.8%, and Shenzhen 7.7%)1, is solvent. Its central government debt is about 20% of GDP, local government debt is perhaps another 30% to 35% of GDP, and external debt is very small. Total credit as a percentage of GDP is just 159%. This suggests that there are other issues at work in the minds of investors, rather than simple debt levels. ..."

Billy T comment:
First sentence second paragraph is: "China...is solvent." Can same be said for the USA? As Soullust just noted: Brazil is solvent.

Brazil is energy, food, mineral, technology, finance, self sufficient with abundant fresh water and sunshine.

Energy - The mix is not prefect, but Brazil is working on that by building two new refineries designed for the heavier oil it is currently producing. Now a large part of it is sold at lower price than the lighter crude it imports. Financially, it is about a wash now as volume exported is greater than imported. At least half of Brazil's natural gas is imported from Bolivia as it is so much cheaper than from domestic sources and their is a large pipeline distribution system (at least a decade old) with a "take or pay" contract that financed it.

Food - Brazil is major exporter, the largest supplier in the world for many items, including beef, orange juice, soybeans, sugar, alcohol, perhaps chickens? but does import most of its wheat, mainly from Argentina as wheat like a colder climate. The variate of fruits and vegetable available year round it astounding - I had never heard of more than half of them when resident of USA. And generally speaking it is cheap by US standards.

Minerals World largest exporter of several, especially highest grade in world iron ore. (about 95% Fe2O3) Everything form uranium to precious stones and gold, although much of the gold is smuggled out to neighboring countries that control and tax it less, so officially not much of a global supplier of gold.

Technology World leaded in several areas and not really deficient in any. For example, PetroBrazil in deep ocean wells, and BTW their Blow Out Preventers work and also can be commanded to by acoustic signals if all hard wired connections are lost (US / BP lacks this). World leader in efficient flex-fuel cars. (>90% pf all Brazilian made now). World leaders in mid sized (80 to 120 seat) jets and corporate jets. (One collided with big Boeing which broke up, killing >300 people but the little Embaraer jet flew on for half an hour with damaged tail and wing to safely land. After that Embaraer had its order book filled for several years in advance and it you owed one, you could sell it for about 30% than price of a new one.).

Finance Brazil is now a "surplus nation" and lending money to the IMF ! It banks are very sound and well regulated. Very modern with IT. (I mainly bank by the inter net or use ATM in the grocery store for cash as lines in bank are long. You pay all your bills via the bank, instead of send checks to electric company etc.) The central bank is most responsible in the world - has high interest rates to control demand /inflation. Now the real interest paid is the highest in the world.

BTW the people are not "up tight" but fun loving and creative. The ladies on the beaches tend to be beautiful and certainly are not over dressed!

 

Hey Billy..

NZ. has had buying a bottle of milk from the local dairy by EFPOST for absolutely yonks..

That has not made us a world leader in economics

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)

Just a test bed..

We will be the first Country to go cashless..

Is that good ??..

 

Probably for NZ. That would be terrific for Brazil as the main negative of Brazil is corruption. If there is no paper money, kickbacks, bribes, etc. leave a "paper trail" (actually an electronic trail). Unfortunately, the whole world, or at least the major countries need to go cash less, for the "corruption tax" to be eliminated as if Brazil did, the bribes etc. would just be paid in paper dollars (as many already are).

I have several posts that advocate a phase out of all paper dollars over about 5 years. This would nearly end the importation of hard drugs. I.e. they will not come in if not paid for and instead of a suitcase of $100 bills about a moving van full of coins would need to leave US to pay for a typical shipment into the US.

Not only that, also the honest tax payer would see his taxes DECREASE by about 25% (or more) as there is a huge "under ground" economy in the US.
Every thing from the waitress not declaring her tips to the denist who gives a discount for payment in cash. - Mine gave 20% as his tax bracket was higher.

SUMMARY: $100 bills are mainly a benefit for crooks, including Congress men.
Thus it will be hard to end despite huge benefits.

See details of paper money phase out plan and more benefits & discussion of plan at:
http://www.sciforums.com/showpost.php?p=937774&postcount=1

If people insist on paper dollars, see my closely related “red dollar plan” thread at:
http://www.sciforums.com/showpost.php?p=2083222&postcount=22

After fixing US currency problems, I give my new tax plan:
Currently many “legal crooks” (users of special, lobbyist made, exceptions in the tax law) are making most of us pay more in taxes.
My entire tax law fits on a 3 by 5 index card, not a room full of books, but both sides of a sheet of paper are used to define terms, give tables, and give examples.

Also my plan totally eliminates the expenses of corporations associated with taxes and their tax lawyer salaries for greater international sales. (Corporations are not taxed, but must pass thru to taxpaying stock holders all profits not reinvested in productive* business within 10 years. All data required for this is already in their annual reports.)
See it at: http://www.sciforums.com/showpost.php?p=1792841&postcount=1

---------------
* They can not just passively invest it to avoid sending undistributed 10 year old profits to the IRS.

 

As the US is the major debitor, this answers part of the thread's question for treasury bonds only:

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However, the FED, other government agencies, Life Insurance companies (with quasi known fixed future obligations who thus don't care about dollar's future purchasing power) and some rich Americans own almost exactly same amount that Foreigners do. BTW, Brazil is fourth single country holding Dollars, but trades more with China now than the US.

 

A lot of it is also intragovernmental debt - held in funds administered by the federal government (like the Social Security trust fund). Apparently the intragovernmental debt runs to something like $4.6 Trillion dollars - slightly more than the sum total held by foreigners, in that chart there.

State and local governments in the USA also hold a considerable portion of US debt.

It seems that roughly one-third of the debt is held by foreigners, one-third by other parts of the federal government, and one-third by American entities (private investors, funds, state and local governments).

 

Slowley they realize theres a problem, soon they figure just how fucked we already are.

 

your a smart person ? You don't have a very big post count . Sock Puppet perhaps . This post must be before Billy became a Mod

 

It figures Quad would be lurking around hea !!Not that long ago either