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Did You Know Overseas Agencies Hold $65 Trillion in US Debt?

  • December 06, 2022

The numbers are almost beyond comprehension: When media outlets talk about debts encumbered by the United States and held by agencies outside the purview of regulatory agencies inside the U.S., it would be almost impossible to imagine that debt in terms of real numbers. But the reality is that the debt totals upward of $65 trillion and, according to the Bank for International Settlements, it’s a number so concerning that banking officials are literally wringing their hands over the...