Who owns you?

America's debt load, as we know, is nothing short of phenomenal. Trade deficit, printing of cash, sometimes I wet my pants just reading about it.
However it's not just the nation that's in debt. As the nation is in debt, it's people are going deeper into their pockets too.

NYT has a FANTASTIC look at consumer debt. (NYT) There are two interactive graphs imbedded.

Studying those two, (assuming that they are adjusted for inflation) leads to few conclusions

• American debtload has increased drastically since the 2nd World War.
  
• There are more people with no debt in the low income category than in higher income category. (Most likely due to the lack of available credit.
• Mortgages always have been the heaviest of American Debt load.
  
• Although we never had much in savings, it's almost non-existent for the past few years.

Now knowing this, and knowing that the government owes bunch of money to other nations, and knowing that China holds some high 300 billion dollars worth of credit from Freddie and Fannie, just who exactly owns America?

Also, having such huge A/R account, can the other nations expect some major "impairments?" This isn't just "oh US will never default" scenario. They have already lost hefty amounts as American currency is devalued.

Who owns you? Ultimately, whoever owns your assets. Who owns Americans' assets? Sure beats me.
But one things clear, America doesn't own most of it. At least it seems like it.