Who Owns the U.S.?

[midwesterner (banned)]

Who Owns the U.S.?

finance.yahoo.com/banking-budgeting/article/112189/who-owns-the-us?mod=bb-debtmanagement

Regardless of how much closer Obama's budget brings our economy into a balance of payments not seen since 2001, we will continue to run deficits for the next decade, and the national debt will keep growing every year that happens.


While most of the country's $14 trillion debt is held by private banks in the U.S., the Treasury Department and the Federal Reserve Board estimate that, as of December, about $4.4 trillion of it was held by foreign governments that purchase our treasury securities much as an investor buys shares in a company and comes to own his or her little chunk of the organization.

$14 Trillion is bogus interest payments paid to the private banking cartel we call the federal reserve for the right to use their debt notes they created out of thin air. Audit and get rid of the fed, that portion of the debt would be nonexistant. It's a fraud, scam, and unconstitutional.

Here we break down the top 10 foreign holders of U.S. debt, comparing each creditor's holdings with the equivalent chunk of the United States they "own," represented by the latest (2009) state gross domestic product data released by the U.S. Bureau of Economic Analysis.

1. Mainland China
Amount of U.S. debt: $891.6 billion
Share of total foreign debt: 20.4%

2. Japan
Amount of U.S. debt: $883.6 billion
Share of total foreign debt: 20.2%

3. United Kingdom
Amount of U.S. debt: $541.3 billion
Share of total foreign debt: 12.4%

4. Oil Exporters
Amount of U.S. debt: $218 billion
Share of total foreign debt: 5%

5. Brazil
Amount of U.S. debt: $180.8 billion
Share of total foreign debt: 4.1%

6. Caribbean Banking Centers
Amount of U.S. debt: $155.6 billion
Share of total foreign debt: 3.6%

7. Hong Kong
Amount of U.S. debt: $138.2 billion
Share of total foreign debt: 3.2%

8. Canada
Amount of U.S. debt: $134.6 billion
Share of total foreign debt: 3.1%

9. Taiwan
Amount of U.S. debt: $131.9 billion
Share of total foreign debt: 3.0%

10. Russia
Amount of U.S. debt: $106.2 billion
Share of total foreign debt: 2.4%

[Deleted]

Nobody owns America.

[The Virginian]

Who Owns the U.S.?

Actually I was contemplating making an offer but I'm waiting for the most opportune time.

[Virgil Showlion]

Nobody owns America.

Not officially, anyway.

That is, until states actually selling parks, legislatures, and such to plug the gaping holes in their budgets.

[Deleted]

Virgil brings up a good point. Are we talking who owns the physical real assets of of the US? Or who owns the debt of the US? or some other metric?

[nicomachus]

If, by America, we mean the government, then it is clear that it is owned by roughly 1% of the population who are very, very wealthy.

[comokate]

Feb 28, 2011 13:17:52 GMT -5 Virgil Showlion said:

Nobody owns America.

Not officially, anyway.

That is, until states actually selling parks, legislatures, and such to plug the gaping holes in their budgets.

That's been going on for a number of years. While this linked article is from 2006, the practice is still going on:



"In 1956, President Eisenhower pushed to create the interstate highway system for a different: to move troops and tanks and evacuate civilians.

The Bush administration's plan to let a foreign company manage U.S. ports met a storm of protest in February. But plans to sell or lease highways to companies outside the United States have not met such resistance.

John Foote, senior fellow at Harvard's Kennedy School of Government, said the government can take over a highway in an emergency. But he objects to selling roads to raise cash.

But that is just what Chicago has done.

Last year, the city sold a 99-year lease on the eight-mile Chicago Skyway for $1.83 billion. The buyer was the same consortium that leased the Indiana Toll Road — Macquarie Infrastructure Group of Sydney, Australia, and Cintra Concesiones de Infraestructuras de Transporte of Madrid, Spain."


www.usatoday.com/news/nation/2006-07-15-u.s.-highways_x.htm

edited to repair broken link-