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Who are all the countries in the world in debt to?

I hear everywhere how Greece is in debt, France is in debt, the UK is in debt, Poland is in debt ....
I hear that part of these debts are so called internal debts i.g. governments owe money to their respective citizens, which boils down to us being in debt to ... ourselves. This concept in itself does not boggle my mind as much as the fact that anyone in their right mind is willing to buy it.
Part of these debts are so called external debts. Now, this can basically make sense only can anyone explain to me where does the buck stop i.e. who is the ultimate source of all that enormous credit? Since I am a kind of a redneck, can someone explain this in very simple terms steering clear of the language of economics which of course was developed for anything but explaining things?


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  • Feb 14 2013: You are right to smell a rat. We do indeed owe most of the money to ourselves. Two thirds of UK Gvt debt is owed to the pension and insurance funds. More of a private Gvt playing with our money. The rest is mainly owed to China. Mainly on the back of a cheap labour force.
    The Capitalists or the 1% are desperate to maintain this false debt, it's good for them, it works rather well because we do all the work.
    We all need a sense of purpose in life and to be able to enjoy the fruits of our labour. There are currently 200 million unemployed around the world, not much purpose for them.

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