Many brothers have asked, who exactly holds these U.S. government bonds?

Actually, if you sort it out, you'll know that 76% of U.S. debt is actually held by Americans themselves.

BlackRock Group, manages $10 trillion, U.S. debt $2.2 trillion

Vanguard Group, manages $9 trillion, U.S. debt $1.8 trillion

State Street Global, manages $4.1 trillion, U.S. debt $800 billion

Fidelity Investments, manages $4.5 trillion, U.S. debt $700 billion

Pacific Investment, manages $1.8 trillion, U.S. debt $500 billion

Capital Group, manages $2.3 trillion, U.S. debt $300 billion

JPMorgan Chase, manages $2.8 trillion, U.S. debt $400 billion

These are not banks; they are all real asset management companies and funds that are responsible to their clients. If U.S. debt goes bad, all of these would go bankrupt.

How many Wall Street tycoons are involved, and how many financial derivatives would explode on the spot?

Domestic debt is also debt; do you dare to try not paying it back?

Tokyo University is different; the massive local debts are owed to state-owned banks, and the operational space is much more flexible.