I'm assuming a table can be created for each country showing each country's debt. Since the US is $9 trillion in debt this means there must be a total of $9 trillion in assets held by other contries. There must be many contries with zero debt and large assets - right?
After all, the whole planet can't be in debt. This is a zero sum game - right? Unless Earth owes money to Martians.
I'd like to see the whole table that balances to zero, but somehow this is never shown by anyone. Can anyone explain why?
I guess every government in the world owes money - but they owe it to private sector creditors. And the private creditors never appear on these lists? Not sure.
A bunch of debt is owed to individuals and Americans, it's not all foreign. Everyone with a savings bond or T-Bill owns a piece of American debt. That includes a lot of 12 year olds with nice grandmas.