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Who Does Every Country Owe Money To?
When a government runs a deficit, it issues bonds to finance the gap. But here's the puzzle: most countries are in debt at the same time, and they often hold each other's debt. So who is the global creditor? This episode unpacks the actual mechanics of sovereign debt—why it's fundamentally different from personal borrowing, how currency denomination changes everything, and why the entire system hinges on trust in institutions like the Federal Reserve and the dollar itself. Episode 2240 — myweirdprompts.com/n/2240 (permanent short link: myweirdprompts.com/851430)
The skinny
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