*** Breaking News*** TSF To Impose 10% Tarrif On European Countries Over Standoff Over Greenland

[muriel_volestrangler]

6. Few European governments will hold significant amounts of US debt - it'll be banks, pension funds and so on

https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/shla2023r.pdf Table 6 says "foreign official" holdings by "Advanced Foreign Economies" of all "US securities" were about $3 trillion in 2023, compared with $16.6 trillion "foreign private". Even if that $3 trillion is all government debt (as opposed to corporate debt, or equity), the total of US treasury and agency debt was $34 trillion (Table 3) - so all advance governments (and this includes Japan, for instance) own about 9% of US government debt at most.

And remember, you can't just "call in" government debt; what you can do is not roll it over as it matures. It would take years to reduce that $3 trillion by a significant amount.