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**Tribas4u** · 08-29-2012, 09:09 AM

I was gonna say, most of our debt is owed to 'ourselves' effectively.

Also, how much of the other countries debts in the world are owed to the US for 'loaning' them money? If all of those other countries paid us back what we've loaned them, would we break even?

Also, as alluded to by other posters, scaling debt by GDP is the most relevant figure, because it shows how hard/easy it will be to pay it back.

A lot of countries also buy T-Bonds and T-Bills to give a solid backing to their own economy. Because historically the US Dollar has proven to be one of the most stable currencies in the world. It may rise and fall, but it has never crashed. It has never been so valuable that it was unaffordable, nor fallen to the point of worthlessness.

And a lot of countries even use the US Dollar as their own currency. The currency of Panama, Ecuador, El Salvador, East Timor, Palau, Micronesia, Marshall Islands, British Virgin Islands, and Turks and Caicos Islands all use the US Dollar. And the currencies of Barbados, Belize, Atgentina, Hong Kong, Lebanon, Bermuda, Bahamas and Saudi Arabia are all directly pegged to the Dollar.

And in the past, some of the countries that pegged their currency to the dollar include China, Malaysia, and Syria. And in many nations US currency is prefered over their own currency.

08-29-2012, 09:09 AM	#35
Tribas4u Join Date Oct 2005 Posts 460 Senior Member	I was gonna say, most of our debt is owed to 'ourselves' effectively. Also, how much of the other countries debts in the world are owed to the US for 'loaning' them money? If all of those other countries paid us back what we've loaned them, would we break even? Also, as alluded to by other posters, scaling debt by GDP is the most relevant figure, because it shows how hard/easy it will be to pay it back. A lot of countries also buy T-Bonds and T-Bills to give a solid backing to their own economy. Because historically the US Dollar has proven to be one of the most stable currencies in the world. It may rise and fall, but it has never crashed. It has never been so valuable that it was unaffordable, nor fallen to the point of worthlessness. And a lot of countries even use the US Dollar as their own currency. The currency of Panama, Ecuador, El Salvador, East Timor, Palau, Micronesia, Marshall Islands, British Virgin Islands, and Turks and Caicos Islands all use the US Dollar. And the currencies of Barbados, Belize, Atgentina, Hong Kong, Lebanon, Bermuda, Bahamas and Saudi Arabia are all directly pegged to the Dollar. And in the past, some of the countries that pegged their currency to the dollar include China, Malaysia, and Syria. And in many nations US currency is prefered over their own currency.
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