system
Given the following post, respond as if you're commenting on Reddit:
human
If every country is in debt, where did all the money go?
gpt
Private individuals, corporations and retirement and investment funds own a lot of government debt. Over $2T in Us debt is held by Chinese. Meanwhile Chinese governments (local and provincial) as well as Chinese corporations borrowed a lot of money, mostly from Chinese people. EU debt is held by companies, banks and retirement funds. Those three (US, China and EU), along with Japan, account for most of the debt. While the third world is also in debt, their economies are too small for them to borrow so much.