Article: Who owns American Debt? | OpEdNews
A couple of things stand out:
1.
China and Japan are by far the largest owners of U.S. Treasury debt.
Both benefit from their currency being weakened and ours being
strengthened so they can sell us (relatively) cheap goods.
2. WTF is up with Belgium?
Belgium
is rapidly increasing its holdings of American debt, up 31% in just a
year. Did Belgium suddenly develop a taste for the dollar? No,
according to Paul Craig Roberts:
From November 2013 through January 2014 Belgium with a GDP of $480
billion purchased $141.2 billion of US Treasury bonds. Somehow Belgium
came up with enough money to allocate during a 3-month period 29 percent
of its annual GDP to the purchase of US Treasury bonds.
Certainly Belgium did not have a budget surplus of $141.2 billion.
Was Belgium running a trade surplus during a 3-month period equal to 29
percent of Belgium GDP?
No, Belgium's trade and current accounts are in deficit.
Did Belgium's central bank print $141.2 billion worth of euros in order to make the purchase?
No, Belgium is a member of the euro system, and its central bank cannot increase the money supply.
So where did the $141.2 billion come from?
There is only one source. The money came from the US Federal
Reserve, and the purchase was laundered through Belgium in order to hide
the fact that actual Federal Reserve bond purchases during November
2013 through January 2014 were $112 billion per month.
