Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

ProfessorGAC

(73,972 posts)

4. A Pittance, Really

Reply to Yo_Mama_Been_Loggin (Original post)

Fri May 30, 2025, 02:42 PM

May 30

It's about $760 billion, or:
- 2% of total debt
- about 3% of our GDP.
Japan holds more US debt paper than China with a smaller GDP.
US private entities hold over a trillion dollars of China's gold-backed debt paper. (Which, BTW, they are currently in default on interest payments.) That's close to 5.6% of their GDP.
This article is painting a bad picture, and that's valid, but it's small countries that are being exploited.

Edit history

Please sign in to view edit histories.

Recommendations

1 members have recommended this reply (displayed in chronological order):

TheProle

7 replies

= new reply since forum marked as read

Highlight:

Warning issued as China to recall debt from 75 countries [View all] Yo_Mama_Been_Loggin May 30 OP

"How much of our debt do they own?" TheProle May 30 #1

AI says China owns ................ bucolic_frolic May 30 #2

That would be another GOP-engineered kick in the nads BoRaGard May 30 #3

They buy Treasury bills regardless of which party's the nominal ruler. Igel May 30 #7

A Pittance, Really ProfessorGAC May 30 #4

So they're going to sell US treasuries and tank bonds? Johnny2X2X May 30 #5

And we have never used loans and IMF to profit off of and take advantage of other countries? I read 'Confessions of wiggs May 30 #6