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Tuesday, October 25, 2011

Economic education

So who owns the majority of the US debt?

Well China is the SINGLE biggest share holder, but the majority of our debt is owned by "other"

46% other
24% China
20% Japan
9% UK

But to make things even worse - we are sending AID to China as well

Now this is not considered a "payback" of the loan they gave us, it is separate and severed - they are two different things

They get a total of $300 Million a year ...

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