Okay, before you read this you might want to check the backs of your medicine cabinet and see if you have any of those Quaalude from the 70's left, or a miltown, or Valium or just pour a shot of whiskey and grab a bullet to bite on, because this is going to be very very painful, and you will need all the help you can get. Tex, get M. to hide all the guns, your going to want to shoot someone.
Countries that own the most U.S. Debt.
(for the love of Goddess, sit down and brace yourself..I advise putting your head between your legs when you finish reading it, not to quell the nausea but so you can kiss your ass good-bye.)
China$541 billion(no that is not a typo...just the facts ma'am just the facts)
United Kingdom $307.4 billion(considering the state of the British economy I'm betting they didn't know this..I expect Prime Minister Brown to be knocking on President Obama's White House doors with his hand the day after he's made President).
OPEC Nations $179.8 billion(it's not bad enough they have us by the balls for the oil....they now have us by the balls for the tune of nearly $180 billion)
Caribbean banking Centers $147.7 billion (this consists of Bahamas, Bermuda, Cayman Islands, Netherlands Antilles, Panama, and British Virgin Island. WHAT THE FUCK????)
What is really fucking scary is....this isn't the complete list. To get the complete list go to parade.com/intel
Our grand total?..The U.S. Government owes $2.67 trillion to foreign governments and investors-20% of our total BDP. And that number has grown rapidly. "In 2001, China held $61.5 billion in U.S. debt. Now it has $541 billion," says James Ludes of the bipartisan American Security Project in Washington, D.C.. "In 2001, we owed Russia less than $10 billion. Now it's $74.4 billion." (How can we owe money to a country that doesn't have a pot to pee in and a window to throw it out?)The debt is sold to other countries in the form of U.S. Treasury securities. "We also have to pay interest on those securities," adds federal budge expert Doug Elmendorf. In coming years, a big chunk of our country's wealth will leave our economy and go overseas to pay back the loans. Will this outflow of cash effect our standing in the world? The U.S. emerged as a major global power after World War I, and the U.K.declined in part because we owned so much British debt. Ironically, today the U.K. is our third largest creditor. fuckity fuck fuck fuck!
President Elect Obama may wish he lost the election. I'm going to go bang my head on the wall. Notice when all the debts started?...Thanks George W. Bush you fucking asshole.
