Posted by
DaHKGKid
17 yrs ago
HERE IS THE WORLDS DEBT RANKED BY COUNTRY look who is FIRST and the REAL TOTAL Amount!
This is from the CIA Home page!
RANK OF DEBT COUNTRIES
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2079rank.html
Now view the balance of each countries BANK ACCOUNT'S CURRENT BALANCE! Scroll to the BOTTOM for the US BANK ACCOUNT! AMAZING BUT TRUE!
US BANK ACCOUNT SCROLL TO THE BOTTOM
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html
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Current Account Balance is not the same as "bank account's current balance" of a country. The current account balance is defined by the sum of the value of imports of goods and services plus net returns on investments abroad, minus the value of exports of goods and services, where all these elements are measured in the domestic currency. (source: http://economics.about.com/cs/economicsglossary/g/current_account.htm)
So what are you trying to prove?
In all honesty, I don't think this post belongs in this forum.
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Only to show which countries have cash in reserve vs. debt and furthermore which countries who provide stimulus are potentially using real money vs. using a printing press!
I read your link, you cannot deny how badly things might get if the rest of world does not come to the US's defense through bailing them out. The economists who have relied on fundamentals are scratching their heads and are actually considering the downside as the Nouriel Roubini's have been suggesting for some time to be correct.
Maybe the post belongs in THINK!
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