I hear Americans complaining that China owns our debt. And then on cnbc they say China's debt to gdp ratio has risen to an alarming rate. Who owns their debt?
When I saw the question, I came to give the same answer and then saw you were first. That is not a joke. Italy who is also bankrupt, has 33B of Greece bonds. Spain has Italy bonds. China has US bonds. US has Japan bonds,.... It is a circle.