Please see the video to get the context for my question.
https://www.youtube.com/watch?v=7yk_wiv53nA
In: 6
The US issues bonds, which for these purposes, lets call them loans that anyone can buy and hold on the public market. This is more or less the “national debt”
The main holders are US companies, and things like mutual funds, pension funds, banks, and investors. State and local governments own some as well. These entities hold about 65%-70% of the debt. — Basically Americans and American companies own most of the debt
About 30-35% is generally owned by foreign entities. That can be both foreign governments and foreign companies. Japan and China hold the most, about $1 trillion each. However, $1 trillion is only about 3% of the total debt, so no individual country really does own that much, despite much discussion about foreign countries buying US debt, the biggest holders are other Americans
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