Why Every Country Is in Debt? And Who Do They Owe?

Ever wondered why almost every country is drowning in debt, no matter how rich they are? Who do they actually owe all this money to? In this video, we break down national debt in the simplest way possible, explaining what national debt is and how it works, why government borrow instead of printing money, who lends money to countries (IMF, World Bank, Bonds), is debt really that dangerous, and can your country be completely debt-free. Using simple language, engaging visuals, humor, and real-life examples, we’ll explore how debt affects the economy, inflation, and even your daily life. From Sri Lanka’s default crisis to the U.S. debt ceiling, we make even the most complex debt concepts easy to understand. Wants to support Explains 101, join the membership now: https://www.youtube.com/channel/UCLdLVA4iiC6x22Rb0_-R0nQ/join You can watch the: "Why Can't We Just Print More Money?": https://youtu.be/8DlmFeFQ4yM?si=vmcrP3xIPwYENbNt "Inflation video": https://www.youtube.com/watch?v=np_M42Yi8jY&t=1015s Chapters: 0:00 Introduction 0:53 Section 1: What Is National Debt? (Public debt, government debt, sovereign debt) 2:06 Section 2: Why Do Countries Borrow Money? 6:58 Section 3: Who Lends Money to Countries? (Bonds, IMF, World Bank) 11:43 Section 4: Is National Debt a Bad Thing? (Debt-to-GDP ratio, debt ceiling) 14:30 Section 5: Can a Country Be Debt-Free? (Macau no debt?) 16:18 Conclusion