A report from Bloomberg outlines the fact that US foreign debt continues to rise.
Foreign holdings of U.S. securities rose to a record $18.4 trillion as of the end of June, according to preliminary data released by Treasury.
An annual survey of foreign portfolio investments — including U.S. stocks along with short-and long-term debt — showed holdings rose by 8 percent, up from $17.1 trillion a year earlier, the department said in a statement on its website. Japan was largest investing country with $2 trillion, followed by the Cayman Islands at $1.7 trillion and the U.K. and China at about $1.5 trillion each. Luxembourg rounded out the top five at $1.4 trillion.
Foreign holdings of U.S. equities climbed to $7.2 trillion as of June 30, from $6.2 trillion a year earlier. Short-term debt holdings increased to $954 billion from $909 billion, while long-term debt holdings rose to $10.3 trillion from $10 trillion, the data showed.
This is one of Americas biggest problem and it is one that the American ruling class cares little about. They continue to spend taxpayer money wastefully and do nothing about the fact we sell our debt to foreign countries.
