On 15 Jan 2002, at 20:59, Craig Spencer wrote: These are the USD owns as foreign reserves by some foreign central banks:
> > Japan $400B+ > > China $200B+ > > Other tigers: $100B+ I think > > Europe: ?? > I guess, the reserves are not really held as dollars but > as US government dollar denominated debt. Right. Dollars, I mean Federal Notes ... are only $500B worlwide. I think with a lot of them in the US. So maybe only $50B-$100B is outside of the US, possibly a lot less. > > 40% of the US debt is held by foreigners. So it is: some $2.4 > > billions... > 2.4B is not close to 40% of the previous previous figures (in > excess of 700B) ??? I meant $2.4 trillions not billions. Sorry. So. $2.4T is 40% of the US governement debt which is $6T In other words, US debt owned by foreign central banks as reserves ($700B + Europe ?? + others) is a large portion of the $2.4T debt, which live little for US debt in private hands. I hope this is a bit more clear. These numbers are a best guess. Claude Cormier Ormetal Inc. http://www.goldcurrencies.ca http://www.ormetal.com ============================================= Claude Cormier Public Key http://www.ormetal.com/keys/ClaudeCormier.asc ============================================= --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
