This is fun, guess who is the largest owner of US debt....?
Give up?
It's the USA!Yeah, it's weird. The entity the US borrows most from is itself.
The full top ten list of US debt holders:
1. Federal Reserve and Intragovernmental Holdings ($6.328 trillion)
2. China ($1.132 trillion)
3. Private investors (Individuals, government sponsored enterprises, banks, & savings bonds) ($1.107 trillion)
4. Japan ($1.038 trillion)
5. Pension Funds ($653.5 billion)
6. Mutual Funds ($653.5 billion)
7. State and Local Governments ($484.4 billion)
8. The UK ($429.4 billion)
9. Depository Institutions ($284.5 billion)
10. Insurance Companies ($250.1 billion)
Pretty clear why the US government will never take serious steps to really reform the insurance industry in the United States, isn't it?