United States owes more than combined
national debts carried by all other nations of the world, period. According to
the US Treasury Department the humongous national debt of United States is now
standing at
$16,867,519,018,967 (nearly
$17 trillion) at this moment and still growing rapidly.
There is a common knowledge that China is the largest holder of US
national debt which basically is all outstanding US securities such as Bonds
and Notes issued by the United States Treasury.
That common knowledge is not correct as the largest holder of US
national debt is the United States Federal Reserve, not Communist China. Out of
more than $16 trillion debt Federal Reserve holds $1.66 trillion while China
holds only $1.276 trillion as of June 2103.
China is only the larget foreign holder of US National Debt not the largest holder of US National Debt. So why is the Federal
Reserve the largest holder of US National Debt or the largest owner of US
Treasury Securities? The answer is quite simple. United States is madly printing
money left and right and recklessly spending it.