China and some Arab nations are the highest purchasers of american debt- generally speaking.
there are a few reasons why they buy american debt, one is that they simply don?t have great places otherwise to put their money. another, america?s debt has historically been sound and has never defaulted (thank Hamilton for getting started on that trend). Another, a lot of these countries would like to be chummy with the US, china and saudi arabia especially?. and yes they plan on getting paid later.
as far as I understand it, the same countries do buy debt of other nations w/around as good a record as the US for paying debts. Namely, Great Britain- though other european states are probably included. {i also know that Japan is highly leveraged as a nation, so someone must be helping them fund?}
Source: http://mortgagerefinance.epagehub.com/realestate-com_home_buying_tips_dont_be_home_poor/
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