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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 20 2013: Remember debts are imaginary, they are political fictions. States, technically, cannot go "bankrupt". They are the masters of the money game. Only the oligarchy keeps the masses deluded believing debt and money is little more then political fiction.

    If the public was smart they'd take back the central banks of their governments and just print money to pay off the debt, since most government debt is 'illegal' anyway (pushed by oligarchs on nations to subdue their populations).

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