What if the most important number in the world… isn’t a stock price?

In this episode of The Wealth Effect, we break down the largest balance sheet in existence: national debt. Not just what it is, but how it actually works, who owns it, and why the entire global economy depends on it continuing to grow.

Debt isn’t just a liability… It’s also someone else’s asset.

We take you inside the mechanics of a system built on trillions of interconnected IOUs, from the nearly $39 trillion U.S. debt to the staggering $348 trillion global total, and reveal why being “in debt” might be a signal of stability.

You’ll learn:

Who really holds the debt (hint: it’s closer to home than you think)
Why countries borrow even when they’re not “broke”
How your retirement account is tied directly to government IOUs
And why the world quite literally owes money… to itself

Because at its core, national debt isn’t just about money.

It’s about belief.

A collective, global bet that tomorrow will be bigger than today.

And the question isn’t whether the debt will be paid off…

It’s how long the world will keep believing it can be.

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Why Is Every Country In Debt? | Pocket Byte #48