Many brothers ask, who exactly holds these US government bonds?
In fact, a quick analysis shows that 76% of US debt is actually held by Americans themselves.
BlackRock Group, managing $10 trillion in assets, holds $2.2 trillion in US bonds.
Vanguard Group, managing $9 trillion in assets, holds $1.8 trillion in US bonds.
State Street Global, managing $4.1 trillion in assets, holds $800 billion in US bonds.
Fidelity Investments, managing $4.5 trillion in assets, holds $700 billion in US bonds.
Pacific Investment, managing $1.8 trillion in assets, holds $500 billion in US bonds.
Capital Group, managing $2.3 trillion in assets, holds $300 billion in US bonds.
JPMorgan Chase, managing $2.8 trillion in assets, holds $400 billion in US bonds.
These are not banks; these are solid asset management companies and funds that are responsible to their clients. If US bonds were to collapse, all of these would go bankrupt.
How many Wall Street tycoons are involved, and how many financial derivatives would explode in place?
Domestic debt is still debt; would you dare to try not paying it back?
The situation is different for the East; massive local debts are owed to state-owned banks, allowing for much more operational flexibility. $BTC
