The United States, the world's only superpower, has always been in awe of countries with its great economic power and the world status of the dollar. However, the United States is also a large debtor, with its national debt already reaching $34 trillion, a staggering figure. Every year, the United States needs to pay as much as $1.6 trillion in interest, while its annual fiscal revenue is only $4 trillion.
The three largest creditors of the United States are Japan, China and the United Kingdom. Among them, Japan holds $1,167.9 billion in U.S. bonds, China holds $775 billion, and the United Kingdom holds $700.8 billion. This data is surprising, to what extent has the US economy been in such a state that it needs to rely on the funds of so many countries to keep it afloat?
More worryingly, however, is that China's downward spiral to reduce its holdings of U.S. debt is likely to continue. As China's main creditor of the United States, reducing its holdings of U.S. debt will undoubtedly have a huge impact on the U.S. economy. Japan, on the other hand, may become the biggest "pick-up man". However, how long can Japan withstand such pressure? In the end, it is undoubtedly unknown whether Japan will be dragged down by the United States.
The United States, once the world's economic powerhouse, is now mired in a huge debt crisis. The deterioration of its economic situation will undoubtedly have a huge impact on the global economy. However, what can countries around the world do? Should they continue to hold on to US bonds or choose to reduce their holdings? This is a question worth pondering.
The debt problem of the United States is not only a national problem, but also a global problem. If the United States fails to properly address its debt problem, the global economy could be affected. As a creditor of the United States, whether we should continue to hold on to US bonds is a question that needs to be pondered. After all, we cannot watch the United States go bankrupt and bring us down.
Can the United States regain its former glory and revive its economy? Can you solve your debt problem and avoid bankruptcy? What kind of contribution can you make to the development of the global economy? These questions need to be considered and resolved by the United States. As creditors of the United States, we also need to think deeply about how to protect our national interests and avoid being affected by the debt crisis in the United States.
America, what will happen to you, and how will your debt problem be solved? These will be the focus of global attention. As a creditor of the United States, whether we can continue to hold US bonds will be an issue that requires our deep thinking and decision-making. Let's wait and see if the United States can emerge from the debt crisis and revive its economy.