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<p>[QUOTE=&quot;doug5353, post: 2187521, member: 73555&quot;]China was our great benefactor, more or less, through the 1990s until the crash.&nbsp; They contributed to our prosperity by sending us a LOT of cheap goods which helped keep inflation down for the average American household.&nbsp; </p><p><br /></p><p>They have their own problems now, including a stock market that&#039;s gotten thoroughly whacked the last few weeks.&nbsp; That could be temporary, of course.</p><p><br /></p><p>As of December 2014, China holds about $1.31 trillion in U.S. debt, and Japan&#039;s right behind them, with about $1.23 trillion.&nbsp; The next (four) biggest holders, at much lower levels, are countries in OPEC, Caribbean banks, Brazil, and Belgium (a proxy for the ECB).</p><p><br /></p><p>Only about a third of our national debt is held by foreign countries.[/QUOTE]</p><p><br /></p>

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