US Debt and who owns 20% of the US wealth

In 2004 household debt was up 11.2% over the prior year to $10.3
trillion, incl. $7.5 trillion mortgage debt and $2.2 trillion credit
debt. The total credit card debt alone stands at $735 billion.

From our data we have identified Federal Government Debt Report debt
of $7.6 Trillion (with interest costs at about $325 billion
annually) , the State & Local Government Report debt of $1.7
Trillion, plus $30.8 Trillion private (household, business and
financial sector) debt from America's Total Debt Report.
These sum to $40 Trillion.

Household Sector debt - soaring record high $10.3 Trillion
Business Sector debt - record high $ 7.8 Trillion
Financial Sector debt (domestic) - explosive record high $ 11.4
Trillion


This sum does not include the federal government's un-funded
contingent liabilities for social security/Medicare estimated;

Un-funded Social Security contingent liabilities estimated looking
forward * $7 Trillion
Un-funded Medicare contingent liabilities, estimated * $37 Trillion


Un-funded federal employee pension and medical contingent
liabilities (incl. Postal service) ? no estimate
Un-funded state & local government employee pension & medical
contingent liabilities ? no estimate


US infrastructure debt: $1.5 trillion

$54.8 Trillion + ?

http://mwhodges.home.att.net/nat-debt/debt-nat-a.htm

All told, foreigners (private and public) now hold almost 20% of the
total U.S. national debt, (with the majority of it going to
communist China and Japan) and almost 40% of all Treasury debt that
is not in the hands of the Fed or some other federal agency (like
the Social Security "trust fund.")

http://billmon.org/archives/000233.html

August 30, 2005 -- Foreigners own approximately 16% (* now 20% ) of
total U.S.wealth. Although foreign investors own a little more than
6% of total U.S. fixed private capital stock, they own substantially
larger shares of U.S. financial assets. For instance, foreign
investors now own nearly 40% of total U.S. Federal debt and more
than half of the outstanding publicly-traded U.S. Treasury
securities.

Who are the big buyers? Not the Chinese, despite all the
protectionist yammering these days in the halls of Congress.
Canadians were the single biggest buyers of U.S. firms in 2004, the
most recent year for which statistics are available from the U.S.
Bureau of Economic Analysis (BEA). Indeed, 40 percent of the
investment in U.S. companies came from Canada, surpassing Britain,
historically the most active investor in the United States.

* Comment: according to thom Hartman
Foreign individuals, foreign governments and foreign corporations
now own 20% of everything in the US, of all the wealth.


2004 $9,052.8 U.S.-Owned Assets Abroad (in trillions)
$12,515.0 Foreign-Owned Assets in the United States
$-2,484.2 U.S. New International Investment
$11,733.0 Position U.S. Gross Domestic Product

-21% Relative Share of U.S. Gross Domestic Product

http://italy.usembassy.gov/pdf/other/RL32964.pdf

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