Efficiency is Intellegent Laziness
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Major American foreign
MAJOR foreign holders of Treasury (America)
How many of these countries are the recipients of American jobs have been transferred abroad? American jobs could be the new currency that politicians and the rich are using to pay such a huge and ever increasing debt?
We all know that the U.S. dollar no longer backed by gold. Or other hard currency.
I think that rather than pay this huge debt, the rich and the politicians are dividing the profits and then "squeezing" we the American people to work more and pay less. Also exchange "our jobs, small local businesses and properties abroad away to pay debts.
I think the NAFTA Bill Clinton was all about. Bartering away our jobs as a guarantee to pay future debts. So, the rich could still pocket more profits!
Check these numbers out!
MAJOR foreign holders of Treasury bonds (in billions of U.S. dollars)
SHARES 1 / AT END OF PERIOD November 2009
Country
China, Mainland 789.6 billion
Japan 757.3 billion
United Brazil 2 / 277.5 Billion
Oil exporters 3 / 187.7 Billion
Carib Bnkng Ctrs 179.8 billion
Brazil 157.1 billion
Hong Kong Kong 146.2 billion
Russia 128.1 billion
Luxembourg 91.7 billion
Taiwan 78.4 billion
Switzerland 75.8 Billion
Germany 53.6 billion France 47.5 billion
Canada 46.6 billion
Korea South 39.1 billion
Ireland 38.8 billion
Singapore 36.4 billion
Thailand 31.7 billion
India 31.6 billion
Turkey 29.6 billion
Norway 26.2 billion
Mexico 26.2 billion
Egypt 25.3 billion
Netherlands 20.3 billion
Sweden 19.4 billion
Italy 19.1 billion
Israel 16.6 billion
Colombia 15.6 Billion
Belgium 15.3 billion
Chile 12.2 billion
Philippines 12.2 billion
Australia 11.5 billion
Malaysia 11.1 billion
Other 142.3 billion
Grand Total 3597.5 Trillion
Of which: For. Official 2404.6 trillion
Treasury Bills 586.6 billion
T-Bonds & Notes 1818.0 trillion
Treasury / Federal Reserve Board, January 19, 2010
1 / Estimated foreign holdings of U.S. Treasury marketable and non-marketable bills, bonds and notes
reported under the Treasury International Capital (TIC) of the information system are annual
Surveys of Foreign Holdings of U.S. Securities and on monthly data.
2 / United Kingdom includes Channel Islands and Isle of Man
3 / oil exporters include Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar,
Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya and Nigeria.
4 / Caribbean Banking Centers include Bahamas, Bermuda, Cayman Islands, Netherlands Antilles and Panama.
Starting with the new series of June 2006 includes British Virgin Islands. Source: http://www.ustreas.gov/tic/mfh.txt
How many of these countries are the recipients of American jobs have been transferred abroad? American jobs could be the new currency that politicians and the rich are using to pay this huge debt and constantly growing?
Check the labels of everything you buy and take note of how many countries produced in the above list your purchases. Those would be American jobs.
Nicholas Busbee
Copyright © 2010 Nicholas Busbee All rights reserved
Nicholas Busbee's "Live in Concert" old school funk, r & b, rap / hip-hop and pop dvd's, cd's and mp3 downloads powered by amazon.com
About the Author
Radio personality Nicholas Busbee started his first online business in 2004, and has written several articles on the Internet sharing with others what he has learned about starting an online business.“Live in Concert” Series DVD’s, MP3 Downloads, and CD’s powered by amazon.com
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