We all tend to think in terms of the nation state, and the threat of world government and all that. But, a sober look at world finance indicates that “nations” pretty much disappeared long ago, in say the 19th century sense of nations. There are still the domestic shadows, but the real mechanisms of control are now completely globalised. An excellent article on the “US” debt brought this home to me, and even though I have been writing on this for decades, I still mistakenly fall back into the 19th century paradigm of nationalism vs globalism; we all do. But, there is only an earth-wide type of gravitational field of finance, and “matter,” that is, what we think are solid “nations” arise from it, much like matter is made up of mostly empty space at the sub-atomic level, and I am no science geek:
https://www.marketwatch.com/story/heres-who-owns-a-record-2121-trillion-of-us-debt-2018-08-21?mod=mw_share_facebook&fbclid=IwAR1iSAjQyu5Xw-kydxSSxQ2kdfWLS2I2SoQxQw_kLVPluBLyypt-wFW2PoY
“Who owns the huge and growing U.S. national debt? By and large, Americans. Some 70% of the national debt is owned by domestic government, institutions investors and the Federal Reserve. A shade under 30% is owned by foreign entities, according to the latest information from the U.S. Treasury. The nation’s debt climbed to a record $21.21 trillion at the end of June, a 6.9% increase from a year earlier. American institutions such as private and state pension funds as well as individual investors were the biggest holders. They owned $6.89 trillion in debt and absorbed about four-fifths of the increase over the past year. Foreigners, led by the Chinese and Japanese, owned $6.21 trillion. Those two countries have cut their stakes since 2015, but each country still owns more than $1 trillion worth of Treasury bonds and notes.”
