Two of America’s largest creditors, Japan and China, are about to switch places.
But for all the fears that China (or any other country) will turn out to be a vengeful creditor (video), it’s worth noting that a far bigger US creditor is… the US itself.
Even before the Federal Reserve started its massive bond-buying program, its Treasury holdings were substantial. And though China overtook it for a couple years after the recession, the Fed has surged back into first place.
Full article: Guess who holds even more US debt than China or Japan (Quartz)