Let me ask you a question. If every country in the world is in debt — the US, Japan, Europe, and even Singapore — who exactly is this money owed to?Have you ever thought that this question might actually have no clean answer?Because if every country is a debtor, logic says someone must be the creditor. But when you dig into the data, ask around, and flip through the reports, you discover something very strange: almost no country dares to openly admit that it is holding the world’s money. Every country is crying poor. Every country is borrowing. Yet the money that is being lent out still has to land somewhere on someone’s books.Last year the Institute of International Finance put out a figure: total global debt hit US$348 trillion. What does that number mean? If you take all 8.1 billion peo