|
Spread this message with Digg, Del.icio.us, Reddit, or Stumbleupon, and subscribe to the RSS Feed to track articles Foreign Banks: Number One Consumer Of American DebtE-mail - editor@economyincisis.org |
|
Our nasty habit of selling our debt to foreign banks continued this week as they remain the top-consumer of American debt. According to the U.S. Treasury – as of December 2007 – U.S. public debt totaled $5,136 billion with 46 percent of total debt owned by foreign banks, totaling $2,353.4 billion. Asian banks now possess more than 25 percent of U.S. marketable Treasuries, a frightening fact. It is astounding to believe foreign banks have any interest in purchasing our plummeting dollar. A continued dependence on foreigners must stop. Source Reuters UK:
Click here to contact your Representative in Congress. Spread this message with Digg, Del.icio.us, Reddit, or Stumbleupon, and subscribe to the RSS Feed to track articles
|
Comment on this article
Article Comments From Readers
