From Whom United States Borrows Money

This is a time now where if there is a failure to render and reach a compromise which is legitimate in making a compromise with the debts. To avoid this crisis, President Barack Obama wants a debt ceiling increase of $ 2 trillion, which analysts say would carry the country through the end of 2012. The president has moved the deadline for reaching an agreement up to July 22. A number of entities hold debt of the government of the United States, including foreign countries. The amount of debt that is held by foreign countries increased significantly over the course the last 10 years with the total amount of foreign monies owing equaling to $ 3 trillion dollars. While the overall foreign debt of the United States is likely to continue to grow, the anticipated pace of the economy is one that shall come to a slowdown within the interm.  It’s not a pleasure in looking at all of the monies of which have been borrowed as the green back certainly has had its day for that matter within the last ten years the green was not used in a very liberal manner.  I ponder how many years it will take for the greenback to come back to be solvent in the manner that it was.  I don’t have any conclusions with what has happened but one thing is for sure is that many placed politics first and gambled with the dollar. As well there definitely were some no brainers involved within all of this. That goes without saying.

Yet I thought I would place down the countries of which United States owes the largest amounts. Within the entirety there are some ten main nations of which United States has debt or monies owing. These include China, Japan, Brazil, United Kingdom, Russia, Luxembourg, Taiwan, Hong Kong, Switzerland and Germany.

China

China is the largest foreign creditor of the United States. The debt the United States owes to China is approaching $1 trillion. Many experts believe that China decided to slow the pace of lending to the U.S. and that the amount of debt owed by the United States to that nation will remain relatively constant into the future. Twenty-five percent of the overall U.S. foreign debt is owed to China.

Japan

A great deal of media attention is paid to the amount of money the United States owes to China. However, the U.S. owes a comparable amount of money to Japan. The difference between the debt owed to China and to Japan is approximately $100 billion. About 20 percent of the overall U.S. debt is owed to Japan.

Other Foreign Creditors

With the international or foreign debt of the United States running between $3 trillion and $4 trillion, some of the other creditors of the U.S. include the Republic of Ireland, Singapore, Thailand, Mexico, India, Turkey, South Korea, Norway, France and Israel. Some of these nations are not known as economic powerhouses. Take notice that governments of these nations elected to lend to the U.S. considering such a financial transaction to be an investment in their economic futures.

Smallest Creditors

Four countries maintain the smallest debt load in its lending with the United States of which include Chile, Sweden, Philippines and Colombia. These countries have extended financing to the United States with the amounts within the range of $11 billion and $15 billion.

I have always been used to looking at books of shopping centers some of which I would walk into when they were nearing default. We would set up an agenda and then do our best to have the mall work with a plan within that would be observed within every quarter. This is far beyond politics, as United States - if she was a company most heads would fly and there would be many changes made far earlier than what has been played out. As who would ever play politics and stall plans – when a plan is so essential. I guess we can just look at it from a distance and say it’s going to fix itself. But that is not going to happen. I would never have thought within my lifetime that I would see a recession take place twice within such a short period of time. 

Does anyone per chance know what has come about today in “D.C.”?