0:00.0	Hi everybody, Susie O'Hare. And I just want to say how proud both KT and I are that once again
0:07.6	a Lyon Credit Union is supporting the Women and Money Podcast. I want all of you to go to my
0:16.4	alliance.com that's amy-al-l-i-a-n-t.com. And you will find their high interest rates on your savings
0:26.7	accounts. You're going to find that their CDs are offering great rates and we have a lot of
0:32.4	surprises for you this year. So be a member and be a member right now.
1:01.5	January 29, 2023. Welcome everybody to the Women and Money Podcast as well as everybody smart
1:08.8	enough to listen. Susie O'Hare and today we will be going to Susie School. But I just have to say
1:16.4	before I start. How excited are you today? I'm so excited about today. And are you wondering why am I
1:23.4	so excited? Because I love football and I can't wait to see the games. For many of you who have
1:32.1	written in I am routine four. The San Francisco 49ers and that is because for so many years I lived
1:40.8	there. But I'm also rooting for the Kansas City Chiefs because I just think my homes is the cats me
1:47.8	yow and that's the scoop. So now you know what I am doing. Next. I have to tell you in all the time
1:58.6	I've been doing this or the Susie Orman show I have never gotten as many emails or posts with
2:08.3	questions that are asking the exact same question across the board. And that question is this. Susie.
2:21.0	If they don't raise the debt ceiling and they default on the debt. Does that mean I am going to lose
2:30.4	all the money that I have in treasuries, series I bonds, certificates of deposit. Susie does that
2:39.1	mean I'm going to lose all of my money if they do that? I want you to listen to me closely now.
2:48.1	All right. First of all now we're going to Susie School. I just want to talk to you about how much
2:56.3	money is in treasuries as of December of last year. Do you know that there was $24 trillion
3:09.3	dollars in treasuries at that time? Now who owns those treasuries? I'm going to say that
3:18.0	amount again. $24 trillion dollars. So the majority of it, a very large portion of it is held by
3:30.3	the foreign governments. Foreign governments take their money because they think the money in the
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