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Message: <blockquote data-quote="DPI" data-source="post: 2050406" data-attributes="member: 793">China owns about 8% of our debt.  Our leaders are printing money to buy our debt!This is a little aged (2011), but still makes the point.  China is not the primary debt holder. Hong Kong: $121.9 billion (0.9 percent)Caribbean banking centers: $148.3 (1 percent)Taiwan: $153.4 billion (1.1 percent)Brazil: $211.4 billion (1.5 percent)Oil exporting countries: $229.8 billion (1.6 percent)Mutual funds: $300.5 billion (2 percent)Commercial banks: $301.8 billion (2.1 percent)State, local and federal retirement funds: $320.9 billion (2.2 percent)Money market mutual funds: $337.7 billion (2.4 percent)United Kingdom: $346.5 billion (2.4 percent)Private pension funds: $504.7 billion (3.5 percent)State and local governments: $506.1 billion (3.5 percent)Japan: $912.4 billion (6.4 percent)U.S. households: $959.4 billion (6.6 percent)China: $1.16 trillion (8 percent)The U.S. Treasury: $1.63 trillion (11.3 percent)Social Security trust fund: $2.67 trillion (19 percent)So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.</blockquote>