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What's up with Luxembourg? That's a huge amount from a tiny country...

May be tiny but Luxembourg is the richest country in the world by GDP per capita, $141K in 2025.

Treasury bonds are not callable.

...not even in python.

Good to know. Does that mean all of this debt is in bonds and we are safe from all of this debt?

They can’t call in their debt. Treasuries have maturity dates. However, they can sell their Treasuries on the open market and this would drive up yields. That would screw you and me more than it would screw Trump and his oligarchs. So, probably not a good idea.

I just checked the US real time debt clock. It say's we owe other countries over 9 trillion dollars, and our total debt including the state and national debt is over 102 trillion dollars. So, we're probably payiing close to 3 trillion dollars a year in interest.

😢

Why would they dare do that when they can just fuck over their own citizens first?

Better do it now.

I’m sure he’s well insulated from the crash we’re headed towards.

And when Carney became Canada's PM, a PhD in Economics, he talked to Germany, France and Japan and convinced them to slowly start selling off their US T-bills knowing that would devalue the US dollar and harm the US credit rating. Don't fuck with a PhD in Economics.

Yes!!! Do it now.

Taiwan Province of China? Since when do we call Taiwan that?

Taiwan IS China. The Government of the Republic of China fled to the island when the communists regime took over the mainland. They then successfully defended it from communist invasion. Very few countries ever recognised it as distinctly the R.O.C though, and not part of mainland China.

The PRC, is adamant that Taiwan is a part of China, the “One China” policy. So to assuage their feelings, companies doing business with the PRC have to list Taiwan as a province of China in any list of countries.

What will happen if they do?

If the sell off $7 trillion in US Treasuries in a short period of time the interest rates will, at least temporarily, increase significantly to draw other investors in. This would be similar to (not perfectly like) the Fed Reserve increasing interest rates and driving the cost of borrowing up.

High cost of borrowing slows the economy. There are other secondary effects and reactions. But these governments won’t do this all at once, they will slowly sell off their debt to get the most money possible, if they sell off at all.

If they sell their debt, they lose leverage.

Oh, they’re going to be selling US Treasuries. They’re not sure the U.S. is as stable of an investment as in past. But it’s going to be slow and methodical reductions. Right now the thought is that the fed will be cutting rates at least once or twice this year, and more times in 2026…

Which makes currently held debt more valuable when rate cuts happen. So, they don’t want to sell too much just yet. And when they do sell US Treasuries, what are they going to do with those dollars? If repatriate into other currencies, it weakens the USD.

Thank you very much for that factoid.

If Countries Stop Buying U.S. Debt, Everything Changes The entire bond market works because it is backed by the full faith of the American government. For over 60 years, it has been considered one of the safest and most stable markets in the world At least up until now thefulcrum.us/business-dem...

WOW! Not pocket change for us. But perhaps some of those multi-billionaires would be willing to chip in (like maybe Musk?) to help out those of us who are in the bottom 95% of earners in this nation. Weird.

The current government will not be able to sell the bonds, necessary to finance their monstrous budget deficit either. This thing is going to crash, right in the moron's ugly face.

Billionaires in full-blown panic mode, flooding the media with cash to assassinate Mamdani’s character. Next thing you know, they’ll say he piloted one of the 9/11 planes or hosted Epstein’s island parties.

They're doing it by flooding the bond market with USA debt bonds. It's part of the reason the USA dollar has depreciated. When the big crash happened a few months, the bond market also declined. It usually rises. President Make America Broke Again has affected consumer prices beyond the tariffs.

Not that he’d pay anyone. Never does.

That might actually be a way to get rid of “IT”‼️

👍

Christ alive, hadn't realised UK had a similar amount to China & not that much either 😲

China has been slow selling its US Treasuries.

Which probably means they've been saving it for a rainy day & a chinese burn lol

Well if they all call in their notes we are toast. Actually if less then half called in their notes we are toat.

They can’t call them in, they have to sell them on the secondary market. But if they all do it at once they’ll get less money than if they slowly sell them off.

Good bye USA!

Maybe it’s time to TAX THE RICH and let them help pay these bills; they’ve been freeloading off the working poor for far too long.

And not just in this country. They've fucked people over all over the damn world.

Agreed! With Trump at the helm, the chance of our economy totally tanking is high, given his incredibly idiotic fiscal policies. A good place also to start is to track down every one of the Trump family bank accounts and freeze and confiscate the funds. All were grifted/robbed.

I would think that was doable if the account is offshore, most of them probably are.

The Repulicans’ hatred and desire to inflict pain and hardship on millions and millions of of their fellow Americans is mind-boggling. And most of those doing this proudly proclaimed themselves Christians and self righteously wear that on their sleeves.

It's about making money. And getting rid of ANYTHING that gets in the way.