President Trump Discusses Inflation and US National Debt Strategy

President Donald Trump stated that inflation could help reduce the $40 trillion US national debt by decreasing the real value of fixed-rate debt. While Japan remains the largest official foreign holder of US Treasuries, Federal Reserve and SEC data suggest that hedge funds based in the Cayman Islands hold approximately $1.9 trillion in US debt, making them a significant, albeit unofficial, financier of the US government.