system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: If nearly all the countries are in debt or in a financial crisis, where is all the money going?

Like say how the U.S. is in debt to China. And if China has a debt to Japan. And Japan to France so on an so forth. How is there money circulating if we're all in the red?
gpt
Countries owe money to other governments, their own government, and people (both within the country and elsewhere).  The majority of US debt (for example) is owed to US government and private American citizens.  Only about 9% of the US debt is held by China.