Who owns America's Government Debt?
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July 29 2010

Commentary by David Fuller

Who owns America's Government Debt?

David Fuller's view My thanks to a subscriber for these informative graphics from the US Treasury. Note: you may need to resize to read the labels.

The debt totalled $12.8 trillion as of March 2010, and we can be certain that it is higher today. $8.89 trillion of this debt is held by the USA, with the Federal Reserve and US intra-governmental holdings accounting for 61.2% of this portion.

Just imagine how much higher US government debt yields would be without quantitative easing. Today, everyone fears deflation but does anyone really think that all this debt will not lead to higher inflation over the long term?

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Who owns America's Government Debt? Comment of the Day

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Who owns America's Government Debt?
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