While most of us know that China and Japan are the two nations that hold the greatest portion of America's national debt, last night I took the time to find out how much debt is held by other nations.
Couple of quick notes:
- Russia went from effectively holding no American debt at the start of 2007 to its current ranking of 7th place with $120 billion -- and climbing -- at the end of 2008;
- While Treasury doesn't breakdown the oil producing states which hold American debt (together they are in third place), that group includes quite a few pariah nations:
Oil exporters include Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria.
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