Oh dear, oh dear, oh dear! I had completely forgotten about the ast two questions in my Five Questions series. No excuses; just incompetence! So without further ado, here is the answer to Question 4.

Question 4: If all the nations in the world are in debt, who’s got the money?
Well for a start it isn’t me!
What are we talking about here? Governments being in debt? If so, well yes they are, almost by definition.
Remember that no government has any money. All they have is what they take from us as tax and what they can borrow either on the open market or in exchange for government bonds. So government will always, by definition, be in debt.
So who do governments borrow money from? Basically anyone who will lend it to them. That’s how the market works. And these people are? Businesses and the rich. They are the only people with money.
So however they manage to acquire it — basically selling things either legally or illegally — businesses and people are the only ones with any money.