BREAKING: U.S. Debt to China Will Destroy the U.S. Dollar
June 10, 2015 at 17:20 PM EDT
The amount of U.S. debt owned by foreign nations has never been higher. Since Sept. 30, 2014, the U.S. Treasury has accumulated $17.8 trillion worth of debt. That’s roughly 103% of the total U.S. GDP in 2014. And 34% of that debt – $6.1 trillion – is owned by foreign governments. Here’s why that’s such a big problem… Tags: Debt , economic collapse , Economic Indicators , U.S. Debt , U.S. Dollar , U.S. Economy , world economy To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post BREAKING: U.S. Debt to China Will Destroy the U.S. Dollar appeared first on Money Morning - We Make Investing Profitable .