The critical difference between US and European debt is ownership structure: ~1/3 of US debt is foreign-owned while only ~4% of Japanese debt is foreign-owned; high foreign ownership creates vulnerability to currency runs and sudden capital outflows, meaning France (40%+ foreign-owned) could face rapid deleveraging if foreign capital flees.
factualpending
Speaker
Louis Vanden EyndeEvidence Quote
“a third of US debt is owned by foreigners you know 4% of Japanese debt is owned by foreigners...more than 40% of French debt is owned by foreigners”
Source
From Wedlock to Deadlock: The East-West Divorce - with Brent Johnson and Louis Gave— In Gold We Trust [EN]Created: 8/12/2026, 6:04:21 PM
My Notes
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