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💰 $39 TRILLION IN DEBT — HERE'S EXACTLY WHO THE US OWES
Here's the complete breakdown of the $39 trillion debt:
→ US banks, investment accounts and retirement funds — ~$19 trillion (Americans and Wall Street hold the majority)
🏛️ US Government savings accounts — ~$7.3 trillion (the government borrowed money from its own programs and owes it back)
🏦 Federal Reserve — ~$4.5 trillion
💰 Social Security Trust Fund — $2.4 trillion (money set aside for your parents' retirement — loaned to the government)
→ Japan — $1.1 trillion (the foreign country holding the most US debt)
→ United Kingdom — $809 billion
→ China — $759 billion
→ Canada — ~$350 billion
→ Ireland — ~$330 billion (not Ireland's money — just large investment funds based there)
→ Belgium — ~$320 billion (similarly — investment funds use Belgium as a base, not the Belgian government)
→ Luxembourg — ~$280 billion
→ Switzerland — ~$290 billion
→ Taiwan — ~$250 billion
→ India — ~$240 billion
→ Brazil — ~$230 billion
→ Saudi Arabia — ~$125 billion
➤Total foreign creditors: $9.4 trillion, a record high
➤Total domestic creditors: ~$29.6 trillion — 76% of total debt
👉BOTTOM LINE: America owes ITSELF 76 cents on every dollar owed.
China owns 2.1%.
The US Federal Reserve owns more than China, Japan and Britain combined.