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If every country is in debt, where did all the money go?

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1. Quite a bit of the money is owed by each country to themselves. For example, $5 trillion-ish of the US national debt is “intragovernmental,” which is close to a third of our total debt. 2. read more

The problem also is that technically, all the debt can never be paid back as we owe all the money + interest. So, every country in the world who can print their currency keeps issuing debt to pay off the old debt and other reasons. That is why the whole world is in debt. The money did not go anywhere, the debt is the money. read more

1) Even though all of the governments are in debt, they are all in debt to each other, so the money works out. If they were all to somehow simultaneously pay each other back, the money would hypothetically even out, but this is both impossible and impractical. read more

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