[Glad2bnuts]

FOR THE ONE MILLIONTH TIME: The amount of money we owe to China or for that matter, to ALL foreign governments COMBINED is INSIGNIFICANT compared to the amount of money we owe to OURSELVES.

I don’t understand what you mean by “owe it to ourselves”. We owe the money to a private for profit cartel. The US based branch is called the Federal Reserve. “Ourselves” are broke and in debt to this cartel forever, as it cannot be paid off.

[Rurudyne]

1913 was a bad year.

[FredZarguna]

The amount of money nominally on the books to the Fed for the purpose of buying equities for easing or for immediate debt service is, again, not that large compared to the money we owe ourselves.

Money paid to Social Security and Medicare by law must go into the general fund. ALL of that money is owed by us to ourselves.

[Ceebass]

I wonder what would happen if the Treasury did a select default on debt owed to the FR?

Considering that it was purchased with fiat currency by a non auditable entity?