No way for the world to finance our debt?

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Lemonyellowschwin's picture
Lemonyellowschwin
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Joined: Apr 22 2008
Posts: 541
No way for the world to finance our debt?

I've been interested in some of Chris's recent observations that there is not enough savings in the world to finance our debt.  Chris pointed out yesterday that the US will have a need next year to sell between $2 and $3.8 trillion in government debt instruments.  (See "The beginnning of the end" posted by Chris 12/3/08).

In today's daily digest, there was a post stating that the total amount of all outstanding US treasury securities owned by foreign holders is approximately $2.86 trillion.  See http://www.treas.gov/tic/mfh.txt. I assume this is the total sum accumulated by the rest of the world over the course of years.  Correct?

Am I also correct in interpreting this to mean that the US would have to sell, in a single year, an amount equal to all treasuries currently outstanding in foreign hands?

mainecooncat's picture
mainecooncat
Status: Gold Member (Offline)
Joined: Sep 7 2008
Posts: 488
Re: No way for the world to finance our debt?

Just to quickly add something here, as I don't have much time. There's also the mortgage debt, which I thought from Kevin Phillips last book, China was in the 2-3 trillion range, Russia in the just under a trillion range.

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emmahudson88
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Joined: Oct 11 2011
Posts: 1
Lemonyellowschwin
Lemonyellowschwin wrote:

I've been interested in some of Chris's recent observations that there is not enough savings in the world to finance our debt.  Chris pointed out yesterday that the US will have a need next year to sell between $2 and $3.8 trillion in government debt instruments.  (See "The beginnning of the end" posted by Chris 12/3/08).

In today's daily digest, there was a post stating that the total amount of all outstanding US treasury securities owned by foreign holders is approximately $2.86 trillion.  See http://www.treas.gov/tic/mfh.txt. I assume this is the total sum accumulated by the rest of the world over the course of years.  Correct?

Am I also correct in interpreting this to mean that the US would have to sell, in a single year, an amount equal to all treasuries currently outstanding in foreign hands?

Such a very amazing link!

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stefani88's picture
stefani88
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Joined: Jan 3 2012
Posts: 1
Lemonyellowschwin
Lemonyellowschwin wrote:

I've been interested in some of Chris's recent observations that there is not enough savings in the world to finance our debt.  Chris pointed out yesterday that the US will have a need next year to sell between $2 and $3.8 trillion in government debt instruments.  (See "The beginnning of the end" posted by Chris 12/3/08).

In today's daily digest, there was a post stating that the total amount of all outstanding US treasury securities owned by foreign holders is approximately $2.86 trillion.  See http://www.treas.gov/tic/mfh.txt. I assume this is the total sum accumulated by the rest of the world over the course of years.  Correct?

Am I also correct in interpreting this to mean that the US would have to sell, in a single year, an amount equal to all treasuries currently outstanding in foreign hands?

Such a very amazing link!

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edward charette's picture
edward charette
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Joined: Jul 5 2016
Posts: 5
Same old story

It is the same old story. Check out for this interesting study on US'  debt.

http://money.cnn.com/2016/05/10/news/economy/us-debt-ownership/

The debate as to who really holds all of US' debt.

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