Every country in the world is in debt, the global debt total is $226 Trillion. Who do we owe it all to? The Martians?

Every country in the world is in debt, some much more than others

The US national debt is $30 Trillion, China $7 Trillion, Russia $0.5 Trillion, India $2.3 Trillion

Some smaller countries have staggering debt levels, for example Japan has debt of 235% it's GDP.

I think most of this the debt is in the form of bank bonds, but where are the banks getting all the money from? We've moved away from the gold standard and as we all know the printer goes Brrrrrrrr whenever it's convenient.

If Fiat collapses and we move to a global Bitcoin standard or other crypto standard can we forget about the debt and move on?

What is the endgame? How is this debt ever going to be neutralised or paid off?