If Everyone Is in Debt, Who Is Getting Paid? | Global Finance Explained

Every country on Earth is in debt. The United States alone owes more than $38 trillion. Europe, Japan, China — all deeply indebted. But this raises a deeper question few people ever ask: If everyone owes money… who is the creditor? In this calm financial history documentary, we explore how modern nations transformed debt from a burden into the foundation of the global economy. From the birth of government bonds in wartime Europe to central banks, refinancing cycles, and confidence-based money, this video reveals why governments are not trying to pay off their debt — and why the system depends on them never doing so. This is not a trading video. This is not financial advice. It is a slow, immersive explanation of how money, power, and history quietly shaped the world we live in today. You’ll learn: • How sovereign debt became the backbone of modern finance • Who really owns government debt — and why it’s mostly domestic • Why paying off national debt would collapse the system • How central banks create money through debt • Why global debt keeps growing without destroying the economy Designed for viewers who enjoy calm documentaries, deep explanations, and history-based learning, this video can be watched attentively or listened to slowly — even as background or sleep content. Once you understand how the global debt system truly works, you’ll never hear the word deficit the same way again. #FinancialHistory #FinanceExplained #HowMoneyWorks #EconomicHistory #FinancialEducation #GlobalDebt #MoneyAndPower #FinancialSystem #DebtExplained #TheFinancialHistorian #FinancialHistorian