the 15 biggest creditors of the usa., page-2

Looking at it from a different perspective, in a way this scenario doesn't quite add up. That is, it almost seems too good to be true. The US lets the printing presses run hot and gradually buys back the foreign debt (e.g. China) as seems to be the case. The debt is then owed to the Fed which can be seen as an arm of the US Govt thus the debt is a contra loan account i.e. The Feds assets (The Fed which supposedly is an institution of the US Govt) is primary The US Government's debt.