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FOREIGN HOLDINGS OF US DEBT HIT RECORD $5.48T
WASHINGTON (AP) — Foreign ownership of U.S. Treasury securities rose to a record level in October, a sign that overseas investors remain confident in U.S. debt despite a potential budget crisis.
Total foreign holdings of U.S. Treasurys rose to $5.48 trillion in October, the Treasury Department said Monday. That was up 0.1 percent from September. Still, the increase of $6 billion was the weakest since total holdings fell in December 2011.
China, the largest holder of U.S. government debt, increased its holdings slightly to $1.16 trillion. Japan, the second-largest holder, boosted its holdings by a smaller amount to $1.13 trillion. Brazil, the country with the third-largest holdings, increased its total to $255.2 billion.
The new figures show that investors are still seeking the perceived safety of U.S. Treasurys, even as lawmakers and President Barack Obama remain at odds over whether to raise the U.S. borrowing limit as part of a broader budget deal.
J Franf Parnell
December 18th, 2012
How much debt does the Federal Reserve itself own? We are now buying our own debt with fiat money because foreign investors have quit purchasing treasurys.
Holy Hannah.
Dr. Tar
December 18th, 2012
Its when they (other nations) panic sell our paper that the game will be up. I hope everyone will have bought gold, land or other hard assets that are inflation proof by that time, cause it will be Weimer time in D.C.
Dr. Tar
December 18th, 2012
Here’s another way to look at Ben’Spending Bernanke’s tenure at the FED.
http://www.breitbart.com/Big-Government/2012/12/17/BEN-BERNAKE-JUST-RAN-OUT-OF-AMMUNITION
Tim
December 18th, 2012
The Nazis believed that the debtor nation was the one in the driver’s seat because the creditor nations were greedy sissies who wanted to get their money back.
Ya see how that worked out for Germany …
China ain’t just gonna throw up its hands and say
“Damn, lost $20 Trillion … ain’t that a shame?”
“Guess we’ll have to make it up selling shit to Tibet.”