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user-inactivated  ·  4035 days ago  ·  link  ·    ·  parent  ·  post: Old but good - beautiful representation of the distribution of global debt, both lent and owed

I would hazard a very tenuous guess that it's not as simple as UK owing US x and US owing UK y -- some of that may be owed to private corporations, individual banks, etc.

That, and having a lot of debt going both ways is possibly something of a security blanket.