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Reply #2: By 2015, China and Japan may be at 1.5T each, with Japan [View All]

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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-05 06:11 PM
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2. By 2015, China and Japan may be at 1.5T each, with Japan
Edited on Fri Nov-25-05 06:21 PM by papau
beginning to cash in those bonds to pay for its senior citizen cost.

The Trade deficit will pass 800 B per year shortly if current trends continue.

Foreign interests now own more and more of America - they own about 44% of federal government treasury bonds. Foreigners own about "$9 trillion of U.S. financial assets, including 13% of all stocks, 13% of agencies, and 27% of corporate bonds", according to Gillespie Research/Federal Reserve. The major provider of money for home mortgages is Fannie Mae who gets that money by borrowing about a third from outside the U.S., according to Bloomberg Sept. 2002. Additionally, foreign interests own real estate and factories.

http://www.treas.gov/tic/mfh.txt

MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES
(in billions of dollars)
HOLDINGS 1/ AT END OF PERIOD

2005 2005 2005 2005 2005 2005 2005 2005 2005
Sept Aug July June May Apr Mar Feb Jan

Country
Japan 687.3 684.6 683.3 681.2 686.2 685.7 680.5 680.7 679.3
Mainland China 252.2 248.0 242.1 243.7 243.5 240.5 223.5 224.9 223.5
United Kingdom 2/ 182.4 174.2 160.0 145.5 132.5 125.2 122.2 111.6 101.1
Caribbean Banking Centers 3/ 102.9 103.4 102.9 106.8 125.5 124.6 137.2 104.7 94.2
Taiwan 71.8 71.6 72.3 71.3 70.9 70.6 71.1 68.5 68.3
Germany 63.5 65.0 61.9 61.1 61.2 60.8 56.0 53.0 53.8
Korea 61.7 59.1 59.2 59.6 58.7 55.9 57.1 53.1 53.6
OPEC 54.6 53.8 52.7 57.0 62.6 60.6 62.2 67.6 67.0
Hong Kong 48.1 47.4 48.5 48.2 47.6 47.2 45.2 45.2 45.3
Canada 47.8 48.4 46.7 43.8 41.1 42.1 38.4 38.0 35.4
Luxembourg 41.3 42.3 41.1 43.1 44.6 45.3 42.2 42.9 41.7
Switzerland 37.5 38.2 37.4 40.1 42.0 43.3 44.1 44.3 40.8
Mexico 35.0 35.8 35.0 31.9 31.2 31.6 32.5 33.0 33.5
Norway 33.4 41.8 43.8 45.3 37.7 29.8 16.9 33.8 35.1
Singapore 28.2 28.6 28.6 28.9 30.3 30.0 30.8 29.2 29.9
Brazil 26.2 23.7 23.2 20.8 16.8 16.2 14.7 13.6 13.8
France 24.3 24.2 22.1 18.9 27.9 22.2 25.0 27.0 21.0
Sweden 19.3 19.3 19.0 19.4 17.9 16.8 16.9 16.3 15.8
Belgium 16.2 16.3 16.1 15.9 15.8 15.7 15.3 16.7 16.8
Italy 15.9 16.4 15.9 14.6 14.4 14.7 14.6 13.8 13.1
India 14.5 16.7 17.6 16.1 16.9 18.0 18.3 18.1 15.9
Netherlands 13.9 14.4 15.1 14.7 15.2 17.0 18.1 16.5 16.8
Turkey 13.2 14.0 15.2 13.8 10.1 10.7 11.4 10.4 12.9
Poland 11.9 11.1 11.2 11.4 11.8 11.9 11.4 10.6 10.2
Thailand 11.2 12.2 12.1 12.8 13.3 11.1 12.1 13.0 13.3
Ireland 10.8 10.7 14.7 13.8 17.7 13.3 17.2 17.8 15.6
Israel 10.5 10.1 9.2 9.5 10.3 11.6 14.6 14.3 14.9
All other 129.9 131.8 127.3 123.4 124.6 128.6 128.3 128.4 126.5
Grand Total 2065.5 2063.1 2034.2 2012.6 2028.3 2001.0 1977.8 1947.0 1909.1

Of which:
Foreign Official 1229.8 1240.9 1235.5 1233.6 1241.7 1236.1 1227.9 1242.5 1238.3
Treasury Bills 195.4 205.4 203.2 204.9 229.0 230.1 235.8 235.5 242.6
Notes and Bonds 1034.4 1035.5 1032.3 1028.7 1012.8 1006.0 992.0 1007.0 995.7

Department of the Treasury/Federal Reserve Board
11/16/2005

1/ Estimated foreign holdings of U.S. Treasury marketable and non-
marketable bills, bonds, and notes reported under the Treasury
International Capital (TIC) reporting system are based on annual
Surveys of Foreign Holdings of U.S. Securities and on monthly data.
2/ United Kingdom includes Channel Islands and Isle of Man.
3/ Caribbean Banking Centers include Bahamas, Bermuda, Cayman
Islands, Netherlands Antilles and Panama.

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