Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
The United States owes foreign governments more money than it ever has in history.
And with the exception of April 2015, China has been the top holder of U.S. foreign debt for seven years running.
This means China holds the power to drastically affect the American economy - and we've seen China exercise this power before...
Watch the video to see just how high the U.S. debt to China has grown to today - and what exactly that means for the U.S. dollar and your money:
This video is our first installment in a series profiling five looming threats to the U.S. dollar. Watch them all here:
Will the Petrodollar Collapse in 2015?
China Gold Reserves Threaten the U.S. Dollar
The Chinese Economy Faces This $5 Trillion Threat
The Fed Can No Longer Stop a U.S. Dollar Collapse
Greetings. These statistics are true to little degree. United states has $17 trillion debt $206 trillion in liquid assets. These are facts! China does not even have a strong bond market to be the world reserve currency, let alone their reform policies has to align with IMF policies, in with the united states has 36% voting power as well the world bank %20 voting Power, so do you really think the USA had to join the AIIB of china, while the rest of the allies, joined. LMAO!! CHINA ECONOMY WILL SINK, as the reserves they will back in gold, will drop the price in Gold, which will effect BRICS COUNTRIES. Do you all see the big picture now!!!
According to the United States Financial Report, "The Government held about $3.1 trillion in assets (mostly $1.1 trillion in net loans receivable (primarily student loans) and $878.3 billion in net property, plant, and equipment)." It also goes on to state, "Total liabilities ($20.8 trillion) consist mostly of: (1) $12.8 trillion in federal debt securities held by the public and accrued interest and (2) $6.7 trillion in federal employee and veteran benefits payable."
I'm curious where you got your figures..