We looked back at the bad actors on Wall Street and Capital Hill who caused the crash. These are the worst of them: http://ow.ly/LaSFf
The U.S. Treasury has accumulated $17.8 trillion worth of debt as of Sept. 30, 2014. That’s roughly 103% of the U.S. GDP in 2014, according to the GAO. About one-third of that debt – $6.1 trillion – is owned by foreign governments.
This means nations like China now hold the power to drastically affect interest rates.
“A foreign sell-off of U.S. securities could drive up U.S. interest rates and render the nation’s formidable stock of debt far more expensive to service…No one knows in advance when the tipping point will be reached, but the damage brought about by higher interest rates and slower economic growth will be readily apparent afterward.” ~ Nonpartisan think tank The Council on Foreign Relations.
Foreign ownership of U.S. debt is only one of the five catalysts that could ultimately cause our economy to collapse. Learn about the other four here: http://pro1.moneymappress.com/351082/
We spoke with co-author Steven Kotler about Bold, his bestselling book that hit shelves in Feb. 3. He talked about how to spot a disruptive technology, the sectors in tech right now that he finds most exciting, and why two U.S. CEOs are his favorites today...
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