How much land do foreigners own? And how does their ownership of assets translate into our indebtedness?
When we ran a "surplus" I don't recall that the trade deficit "disappeared.
That's correct, so how does their accumulation of dollars and dollar assets translate into our indebtedness again?
Mark, can you help out here?
Todd, when someone owns a note or a signed obligation, does it not mean the signatory to the note owned by someone else is in debt to that other person?
There is also a sovereignty and national security aspect to this. If foreign countries own certain things in this country, it puts Americans at risk. Think the Chinese and the Panama Canal. You can thank Mr. Peanut for that.