US Politics

[ASCPFC]

I’m not sure that’s true. The exact figure varies a little depending on where you look but they broadly agree that the UK treasury is holding that level of debt.

Which countries own the most US debt? | USAFacts

As of April 2024, foreign countries own approximately $7.9 trillion in Treasury securities — or 22.9% of total US debt.

usafacts.org

The UK Treasury is not holding that debt. It is a misunderstanding of how the UK works. And to equate it to China is also not worthwhile. All the sources say "the UK holds the debt". But it is not the Treasury. It is indeed investment banks/ pension funds/ institutions/ private investments. Some are held in the UK but are not actually British as such. They are foreign investors using London.

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[Rudi Hedman]

Perhaps, I fecked up my words a bit.

I mean that if the American economy collapses, ours does too.....as it's already orientated around it as both the largest single nation trader and holding so much debt of theirs.

Interdependence has its downsides......Globalism, unless you have the ability to be self reliant, ultimately controls you.

That’s what I thought. At the moment there’s more concern with debt spiralling in Europe, and the UK.