The U.S. owes almost US$3 trillion to just Japan and China alone as it prints about US$696 million per day. According to the International Monetary Fund (IMF) or the worlds loan shark, China has even passed the U.S. as the worlds largest economy.
What I don't understand is why does the US own Japan and china so much? Why do they even need to borrow so much money when they can just print their own not to mention why would they want to be in so much debt that they can't ever really repay?