'... 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.
1. Mainland China
Amount of U.S. debt: $891.6 billion
Share of total foreign debt: 20.4%
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%
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%
Amount of U.S. debt: $134.6 billion
Share of total foreign debt: 3.1%
Amount of U.S. debt: $131.9 billion
Share of total foreign debt: 3.0%
Amount of U.S. debt: $106.2 billion
Share of total foreign debt: 2.4%
Comment: Firstly, note that a large part of the UK position is actually money from other places and of dubious origin. You may well include Gadhafi or Mubarak as creditors along with other criminals and other dictators, which, secondly, is also the case with the Caribbean holders. Thirdly, to get the full sway that China holds, Hong Kong should be added to mainland China. Finally, one should mention that we have entered a phase where the debt accumulates in an exponential way on its own because of the interest effect.
CAIRO – More than 100 leading Saudi academics and activists urged King Abdullah to enact sweeping reforms, including setting up a constitutional monarchy, and he ordered Sunday that government sector workers with temporary contracts be given permanent jobs in order to pre-empt the unrest that has engulfed other Arab nations.
The activists' statement, seen on several Saudi websites Sunday, reflects the undercurrent of tension that has simmered for years in the world's largest oil producer. While Abdullah is seen as a reformer, the pace of those reforms has been slow as Saudi officials balance the need to push the country forward with the perennial pressure from hard-line clergy in the conservative nation.
"The current situation ... is full of reasons for concern," said the statement, which was signed by 119 academics, activists and businessmen. "We are seeing ... a receding of Saudi Arabia's prominent regional role for which our nation was known and the .... prevalence of corruption and nepotism, the exacerbation of factionalism and a widening in the gap between state and society." ...
Comment: It's too little, too late, dear Abdullah. Neither money nor guns will save you and your corrupt "kingdom". The more you pump, the earlier your wells be empty. The more you repress, the earlier rebellion will strike. Your kinddom is doomed. Soon the desert will rule again.