# What happens to the money that the government is in debt from?

Since nearly all countries are in debt except for four (http://www.therichest.com/rich-list/rich-countries/the-only-5-countries-in-the-world-living-debt-free/), where does all the money that the other countries no longer have go to? Surely these four countries can't be receiving it all.

Think about a situation in which I owe you \$100, you owe someone else \$100, and this someone else owe me \$100. Total debt would be \$300, even if another guy is debt-free.