Tag: germany

Which countries which own America’s debt? [Infographic]

Amidst the financial crisis, reports from last month reveal that the US federal deficit had been catapulted to record territory in August, hitting $1.38 trillion with just one month left in the budget year.

It remains a concerning figure – not least because of the worries it has raised regarding the willingness of foreigners to continue purchasing Treasury debt. For that is where the debt comes from: US Treasury securities – a government debt issued by the United States Department of the Treasury, which other countries and institutions then buy.

In essence then, Treasury securities (in this case, Treasury bonds) are nothing more than glorified loans – and as the US Treasury releases data pertaining to this – it is becoming increasingly hard for the American people to get a grasp on the fact this is how their country borrows money.

 

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Source: http://www.usfst.com

U.S. Trade Partners Around The Globe [Infographic]

U.S. Trade Partners Around The Globe

The trade partnerships of the United States are a vital part of its economic prosperity and growth. Here are some of these trade relationships quantified in U.S. dollars, showing the amount of goods exchanged internationally throughout most of 2009.

Trade Partners That Have a Deficit of Goods Exchanged

The U.S. has a deficit of $21.2 billion in its trade with Mexico. The U.S. has a deficit of $6.1 billion in its trade with Russia. The U.S. has a deficit of $8.6 billion in its trade with Canada. The U.S. has a deficit of $6.6 billion in its trade with Italy. The U.S. has a deficit in its trade with Germany that represents $11.5 billion. The U.S. has a deficit of $103.1 billion in its trade with China. The U.S. has a deficit in its trade with Japan worth $18 billion. The U.S. has a deficit of $7.1 billion in its trade with Venezuela. The U.S. has a deficit in its trade with Ireland of $10.6 billion. The U.S. has a deficit of $4.6 billion in its trade with Nigeria.

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Source : http://www.visualeconomics.com