We owe Canada $3.6 billion. Coming in at 14th is Hong Kong, at $138.9 billion. We owe the Cayman Islands’ banking centers $146.3 billion. Twelfth is Brazil; we’re into them for $184.4 billion. We owe OPEC $210.4 billion. We owe the insurance industry $261.8 billion. We owe domestic commercial banks and credit unions $269.8 billion, making theirs our 9th biggest I.O.U. The Brits and our own state and local governments are tied for 7th place at $511.8 billion each. We owe mutual funds $637.7 billion and pension funds $706.4 billion.
Are we beginning to see a pattern here? This thing is beginning to go logarithmic. We owe Japan $877.2 billion. China ranks a measly third: they’ve been shedding U.S. debt like crazy, converting it to stuff we used to do, like mineral and oil production, but they’re still just a hair shy of a trillion, $895.6 billion to be precise.
The last two surprised us. Holders of U.S. Savings Bonds, and a category CNBC calls "other investors" rank No. 2, at $1.458 trillion.
And the Number One I.O.U.? Drum roll, please: it is our very own United Snakes Federal Reserve Bank, which has us on the hook for a staggering $5.351 trillion! That’s right. We owe the Banksters in our own midst interest-bearing debt more than five times what we owe the Chinese we’re always sniveling about.