The debate "If all the nations in the world are in debt where did all the money go" was started by
November 18, 2015, 6:10 pm.
13 people are on the agree side of this discussion, while 1 person is on the disagree side.
People are starting to choose their side.
It looks like most of the people in this community are on the agreeing side of this statement.
AngryBlogger posted 1 argument to the agreers part.
DannyknowsItAll, MrShine, fredtyu, Chandru, AngryBlogger, SalonY and 7 visitors agree.
1 visitor disagrees.
the USA owes most of that money to themselves and surprisingly not as much as you think to other countries.
International debts are, more often than not, made on credit, meaning it's an agreement that money will be paid at a later time without necessarily using cash. Because of this, countries can accrue large amounts of debt without actually shelling out some physical money. Hence, when we talk about the debt of a country, it means one country owes some money it has to pay in time without moving the flow of cash. Credit flows differently from cash as credit is highly volatile.
In order to answer your question, first you need to understand the banking system ( How do the banks work and make profit; What is minimum capital requirement), how the monetary system works, what is the different between money and currency, you also need to understand the relationship of the federal reserve bank and the government. What would happen if the national debt is approaching the threshold limit... May I suggest a Youtube video called The Biggest Scam In the History of Mankind. It is a documentary but I think you can find your answer there. It is an interesting topic and I hope you will enjoy it.(P.S, there is a summary at the end of the video in case you do not have time to watch the whole video):)