cross-posted from: https://lemmit.online/post/5670437
[OC] Here are the countries holding the most U.S. debt
This is an automated archive made by the Lemmit Bot.
The original was posted on /r/dataisbeautiful by /u/freefalling_80 on 2025-04-17 02:11:48+00:00.
More and more I’m realising this is all just a massive house of cards.
We (the UK) hold a load of US debt and the US holds a load of our debt.
So the net value is zero.
It’s like me lending my mate £20 and him lending me £20 and we claim we’re each worth £40. It’s so bonkers when I word it like that but that’s how it seems to be.
It’s a way for governments to spend more without printing money and driving down the value of their currency.