I Pledge Allegiance
Project Assemblage
Credits Collaboration with Fabrica


In wake of late 2008 budget discussions and financial policies taking shape within the United States, it seemed relevant to create a piece about the national debt. Nearly 30% of the United States’ national debt is owned to foreign governments. Of foreign investors holding U.S. public federal debt, the largest amount, about 45%, is held by the central banks of China and Japan. Here is the breakdown:

$6.927.000.000.000,00*
The United States owes to different states, corporations, individuals, and foreign governments.

$1.932.662.710.790,04* (27.90% of the previous total)
The United States owes to foreign and international governments.

$864.480.030.536,39* (44.73% of the previous total)
The United States owes to the governments of China and Japan, making them the largest individual owners of U.S. debt.

$1472.23*
The value of the money used to create this piece, %0.00000017030237229268581* of the U.S. debt held by China and Japan.

The money to build this project was borrowed
*Figures as of May 7, 2009
I Pledge Allegiance at Colors of Money
Exhibition Photo
http://www.joshualevi.com/files/gimgs/38_ipledgeallegiance.jpg
I Pledge Allegiance at Colors of Money
Exhibition Photo
http://www.joshualevi.com/files/gimgs/38_ipledgeallegiance2.jpg
Colors of Money
Entrance to Exhibition
http://www.joshualevi.com/files/gimgs/38_vernissage1.jpg
Colors of Money
Exhibition Opening
http://www.joshualevi.com/files/gimgs/38_vernissage2.jpg
Colors of Money
Exhibition Photo
http://www.joshualevi.com/files/gimgs/38_timeismoney2.jpg