Thursday, May 26, 2016

Regarding Venezuela


Yes, and that's definitely intentional. Venezuela, years ago, along with a few other Latin American countries, realized that taking money from the IMF was the fast road to never, ever getting their heads above water, and cut ties.

And, seriously, are we gonna talk about being indebted to China? Because we CAN.
Foreign governments hold about 46 percent of all U.S. debt held by the public, more than $4.5 trillion. The largest foreign holder of U.S. debt is China, which owns more about $1.2 trillion in bills, notes and bonds, according to the Treasury.

In total, China owns about 8 percent of publicly held U.S. debt. Of all the holders of U.S. debt China is the third-largest, behind only the Social Security Trust Fund's holdings of nearly $3 trillion and the Federal Reserve's nearly $2 trillion holdings in Treasury investments

  US Govt Info



...but hey, do what you want...you will anyway.

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