Do USA currently owe money to foreign countries or to World bank in amounts more than trillion dollars ?

Question

Do USA currently owe money to foreign countries or to World bank in amounts more than trillion dollars ?

Answer 1

No, America does not owe money to countries. Countries choose to buy America's debt. Most countries who purchase U.S. treasuries (debt) do it to make it easier to export their products to America. It is called "currency manipulation".

Currently, China is the worst currency manipulator that America has every traded with.

Answer 2

yes

Answer 3

yeah, we talk about this in economics all the time! we owe over 33 trillion dollars for the war in iraq alone. i forgot the name of the website, if you try googling you can probably find it... theres a website that shows the US Debt Calculator and it is CONSTANTLY moving.

Answer 4

We owe, we owe

Debt is debt

So is negative equity

We are a debtor nation

All the economic semantics in the world won't change the fact we owe big bucks.  BIG BUCKS....

Answer 5

Please spare your blame for the American government. China was kind enough to purchase US federal government debt. That means, unequivocally, that the US government owes the Chinese government money.

China currently holds about $1.4 trillion in public debt, Japan $1 trillion. (1) If China and Japan, not to mention South Korea, Taiwan, the Gulf states and whoever else owns treasury bills, had not bought all that debt, the United States government would not have been able to spend its way into such devastating budget deficits as it has. Moreover, these countries raise the demand for t-bills, which pushes down the yields, which means that the government doesn't need to pay as much for each one. China is not a "currency manipulator" just because it buys t-bills--really, you should be thanking them for financing the war in Iraq.

According to the CIA factbook, the current national public debt is 36.9% of GDP. (2) The website that counts the debt incurred by the war in Iraq is (3). It is nowhere near $33 trillion, although it is staggering nonetheless. Assuming most of you reading this are young, you will be paying for it for the rest of your life with higher taxes, or fewer services, or worse. I suggest you try to force financial accountability on your government before things get worse.

Answer 6

No, the United States doesn't owe money to any country.  We owe money to foreign nationals who buy our debt instruments.

Answer 7

No we owe only the Federal Reserve. Foreign countries use the debt as an investment.