Is there really a world/country debt?

According to a website called visualcapitalist.com , the global debt reached a total of $277 trillion dollars by the end of 2020. This is apparently 365% of the global GDP. The money is probably owed to some nations by other nations and the confusing bit is that most nations owe the money, and most nations are owed the money. Bit of a mind boggling situation I think where even the best mathematicians can’t seem to figure out how to get around it.

At the time i’m writing this, there is talk of a global reset happening (not a conspiracy). People are getting confused…