America’s foreign creditors. | Tomorrow's World

America’s foreign creditors.

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A recent article highlighted how much of the U.S. debt is held by foreign creditors (approximately 30%). China and Japan combined hold about 40% of the foreign-owned debt. Other creditors include the UK, Russia, Canada, Hong Kong, and many oil-exporting nations in the Middle East.

The article ended with the question: “Obviously, these creditors won’t actually take states from us as payment on our debts, but it’s fun to imagine what states and national monuments they could assert a claim to.” The article then goes on—in a joking way—to discuss the debt owed to different creditors and which states and national monuments could possibly be used for repayment (finance.yahoo.com, February 28, 2011).

Although much of the article is written in a humorous tone, it is a sobering reminder of the crumbling state of affairs in America and other Israelite nations today. However, Bible prophecies warn that when God’s people turn away from Him, foreign nations [the alien] will “lend to you…he shall be the head, and you [the Israelite nations] shall be the tail” (Deuteronomy 28:43-44).  The prophet Jeremiah mourned for his nation in words that have prophetic implications for Israelite nations today, “Our inheritance has been turned over to aliens, and our houses to foreigners… The crown has fallen from our head…” (Lamentations 5:2, 16).

This article may be more accurate than the author intended.