Welcome to the American Revolution II

Welcome to the American Revolution II
But when a long train of abuses and usurpations, pursuing invariably the same object evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security.
"We face a hostile ideology global in scope, atheistic in character, ruthless in purpose and insidious in method..." and warned about what he saw as unjustified government spending proposals and continued with a warning that "we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex... The potential for the disastrous rise of misplaced power exists and will persist... Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together."Dwight D. Eisenhower

Friday, July 8, 2011

United States ranks last among all nations in the world

The United States ranks last among all nations in the world when it comes to its current account balance, astronomically lower than every other economy, the CIA reports.
According to the most recent figures in the CIA World Factbook, America sits at the bottom of 191 nations, with a listed account balance of an astonishing negative $561 billion.
The CIA defines current account balance as "a country's net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period specified."
Topping the list on the positive side is China, with an account balance of $272 billion. It's followed by Japan, Germany, Russia and Norway.
Rounding out the top ten are Saudi Arabia, Switzerland, the Netherlands, Singapore and Taiwan.
Besides the U.S. and Spain at the bottom of the list, the remainder of the worst ten are Italy, France, Brazil, United Kingdom, Canada, Turkey, Australia and India.
Greece, which has been making headlines for its financial problems for months and has seen economic-related violence escalate in recent days, is ranked at 180 with an account balance of negative $17 billion.


The chart from the CIA can be seen here:
Rank
 country Current account balance Date of Information
1 China
$ 272,500,000,000
2010 est.
2 Japan
$ 166,500,000,000
2010 est.
3 Germany
$ 162,300,000,000
2010 est.
4 Russia
$ 68,850,000,000
2010 est.
5 Norway
$ 60,230,000,000
2010 est.
6 Saudi Arabia
$ 52,030,000,000
2010 est.
7 Switzerland
$ 49,350,000,000
2010 est.
8 Netherlands
$ 46,690,000,000
2010 est.
9 Singapore
$ 44,080,000,000
2010 est.
10 Taiwan
$ 39,000,000,000
2010 est.
11 Kuwait
$ 38,200,000,000
2010 est.
12 Korea, South
$ 36,350,000,000
2010 est.
13 Malaysia
$ 34,140,000,000
2010 est.
14 Nigeria
$ 27,770,000,000
2010 est.
15 Venezuela
$ 22,070,000,000
2010 est.
16 Sweden
$ 21,680,000,000
2010 est.
17 Qatar
$ 20,110,000,000
2010 est.
18 Hong Kong
$ 18,070,000,000
2010 est.
19 Azerbaijan
$ 15,960,000,000
2010 est.
20 Libya
$ 15,530,000,000
2010 est.
21 Denmark
$ 14,350,000,000
2010 est.
22 Thailand
$ 12,290,000,000
2010 est.
23 Austria
$ 9,900,000,000
2010 est.
24 Iran
$ 9,760,000,000
2010 est.
25 Philippines
$ 9,510,000,000
2010 est.
26 Indonesia
$ 8,532,000,000
2010 est.
27 Brunei
$ 7,024,000,000
2008 est.
28 Kazakhstan
$ 6,993,000,000
2010 est.
29 Argentina
$ 6,976,000,000
2010 est.
30 Israel
$ 6,269,000,000
2010 est.
31 Macau
$ 6,230,000,000
32 Uzbekistan
$ 5,588,000,000
2010 est.
33 Finland
$ 4,696,000,000
2010 est.
34 Algeria
$ 3,959,000,000
2010 est.
35 Bangladesh
$ 3,734,000,000
2010 est.
36 United Arab Emirates
$ 3,409,000,000
2010 est.
37 Luxembourg
$ 3,396,000,000
2010 est.
38 Trinidad and Tobago
$ 3,363,000,000
2010 est.
39 Turkmenistan
$ 3,081,000,000
2010 est.
40 Oman
$ 2,724,000,000
2010 est.
41 Iraq
$ 2,715,000,000
2010 est.
42 Angola
$ 2,089,000,000
2010 est.
43 Latvia
$ 1,620,000,000
2010 est.
44 Lithuania
$ 1,231,000,000
2010 est.
45 Timor-Leste
$ 1,161,000,000
2007 est.
46 Chile
$ 1,033,000,000
2010 est.
47 Bolivia
$ 690,200,000
2010 est.
48 Burma
$ 652,000,000
2010 est.
49 Syria
$ 649,000,000
2010 est.
50 Ukraine
$ 603,000,000
2010 est.
51 Gabon
$ 591,000,000
2010 est.
52 Bahrain
$ 589,000,000
2010 est.
53 Cote d'Ivoire
$ 534,000,000
2010 est.
54 Egypt
$ 270,000,000
2010 est.
55 Estonia
$ 265,000,000
2010 est.
56 Bhutan
$ 164,000,000
2008 est.
57 British Virgin Islands
$ 134,300,000
1999
58 Cook Islands
$ 26,670,000
2005
59 Suriname
$ 24,000,000
2007 est.
60 Palau
$ 15,090,000
FY03/04
61 Comoros
$ 8,000,000
2007 est.
62 Guinea-Bissau
$ -6,000,000
2007 est.
63 Tuvalu
$ -11,680,000
2003
64 Bulgaria
$ -12,800,000
2010 est.
65 Kiribati
$ -21,000,000
2007 est.
66 Tonga
$ -23,000,000
2007 est.
67 Samoa
$ -24,000,000
2007 est.
68 Micronesia, Federated States of
$ -34,300,000
FY05 est.
69 Iceland
$ -42,000,000
2010 est.
70 Anguilla
$ -42,870,000
2003 est.
71 Vanuatu
$ -60,000,000
2007 est.
72 Sierra Leone
$ -63,000,000
2007 est.
73 Dominica
$ -72,000,000
2007 est.
74 Sao Tome and Principe
$ -73,000,000
2010 est.
75 Central African Republic
$ -77,000,000
2007 est.
76 Cuba
$ -87,000,000
2010 est.
77 Gambia, The
$ -90,000,000
2010 est.
78 Zambia
$ -99,000,000
2010 est.
79 Papua New Guinea
$ -99,000,000
2010 est.
80 Lesotho
$ -125,000,000
2010 est.
81 Burundi
$ -136,000,000
2010 est.
82 Grenada
$ -138,000,000
2007 est.
83 Solomon Islands
$ -143,000,000
2007 est.
84 Saint Vincent and the Grenadines
$ -149,000,000
2007 est.
85 Belize
$ -151,000,000
2010 est.
86 Saint Kitts and Nevis
$ -163,000,000
2007 est.
87 Mauritania
$ -184,000,000
2007 est.
88 Namibia
$ -187,000,000
2010 est.
89 Laos
$ -195,000,000
2010 est.
90 Saint Lucia
$ -199,000,000
2007 est.
91 Kyrgyzstan
$ -210,000,000
2010 est.
92 Antigua and Barbuda
$ -211,000,000
2007 est.
93 Eritrea
$ -212,000,000
2010 est.
94 Liberia
$ -224,000,000
2007
95 Barbados
$ -254,000,000
2007 est.
96 Bahamas, The
$ -283,200,000
2009 est.
97 Cape Verde
$ -286,000,000
2010 est.
98 Guyana
$ -311,000,000
2010 est.
99 Malawi
$ -315,000,000
2010 est.
100 Niger
$ -321,000,000
2007 est.
101 Macedonia
$ -328,000,000
2010 est.
102 Tajikistan
$ -330,000,000
2010 est.
103 Togo
$ -339,000,000
2010 est.
104 Seychelles
$ -351,000,000
2010 est.
105 Djibouti
$ -352,000,000
2009 est.
106 Malta
$ -362,800,000
2010
107 Swaziland
$ -374,000,000
2010 est.
108 Uruguay
$ -377,000,000
2010 est.
109 Mongolia
$ -378,800,000
2010 est.
110 Paraguay
$ -391,000,000
2010 est.
111 Guinea
$ -434,000,000
2010 est.
112 Mali
$ -446,000,000
2007 est.
113 Nepal
$ -449,000,000
2010
114 Maldives
$ -463,000,000
2010 est.
115 Burkina Faso
$ -486,000,000
2010 est.
116 Rwanda
$ -489,000,000
2010 est.
117 Fiji
$ -507,000,000
2007 est.
118 Botswana
$ -552,000,000
2010 est.
119 Moldova
$ -565,000,000
2010 est.
120 Congo, Republic of the
$ -569,000,000
2010 est.
121 Benin
$ -582,000,000
2010 est.
122 Slovenia
$ -598,000,000
2010 est.
123 Madagascar
$ -600,000,000
2010 est.
124 Ecuador
$ -692,000,000
2010 est.
125 Haiti
$ -781,000,000
2010 est.
126 Uganda
$ -784,000,000
2010 est.
127 Nicaragua
$ -819,000,000
2010 est.
128 Cameroon
$ -826,000,000
2010 est.
129 El Salvador
$ -907,000,000
2010 est.
130 Cambodia
$ -918,000,000
2010 est.
131 Mauritius
$ -949,000,000
2010 est.
132 Jordan
$ -975,000,000
2010 est.
133 Mozambique
$ -1,028,000,000
2010 est.
134 Serbia
$ -1,046,000,000
2010 est.
135 Senegal
$ -1,046,000,000
2010 est.
136 Honduras
$ -1,048,000,000
2010 est.
137 Montenegro
$ -1,102,000,000
2007 est.
138 Belgium
$ -1,129,000,000
2010 est.
139 Armenia
$ -1,138,000,000
2010 est.
140 Bosnia and Herzegovina
$ -1,175,000,000
2010 est.
141 Albania
$ -1,245,000,000
2010 est.
142 Guatemala
$ -1,345,000,000
2010 est.
143 Costa Rica
$ -1,349,000,000
2010 est.
144 Jamaica
$ -1,382,000,000
2010 est.
145 Tunisia
$ -1,389,000,000
2010 est.
146 Georgia
$ -1,404,000,000
2010 est.
147 Kenya
$ -1,414,000,000
2010 est.
148 Congo, Democratic Republic of the
$ -1,470,000,000
2010 est.
149 Equatorial Guinea
$ -1,477,000,000
2010 est.
150 Zimbabwe
$ -1,503,000,000
2010 est.
151 Tanzania
$ -1,523,000,000
2010 est.
152 Sri Lanka
$ -1,784,000,000
2010 est.
153 Ghana
$ -1,871,000,000
2010 est.
154 Slovakia
$ -1,930,000,000
2010 est.
155 Hungary
$ -2,128,000,000
2010 est.
156 Yemen
$ -2,181,000,000
2010 est.
157 Ethiopia
$ -2,232,000,000
2010 est.
158 Croatia
$ -2,312,000,000
2010 est.
159 Peru
$ -2,315,000,000
2010 est.
160 Afghanistan
$ -2,475,000,000
2009 est.
161 Cyprus
$ -2,500,000,000
2010 est.
162 Panama
$ -2,523,000,000
2010 est.
163 Sudan
$ -2,595,000,000
2010 est.
164 Chad
$ -2,600,000,000
2010 est.
165 Pakistan
$ -2,641,000,000
2010 est.
166 Kosovo
$ -2,716,000,000
2010 est.
167 Ireland
$ -3,191,000,000
2010 est.
168 Dominican Republic
$ -3,862,000,000
2010 est.
169 New Zealand
$ -4,504,000,000
2010 est.
170 Belarus
$ -5,062,000,000
2010 est.
171 Colombia
$ -5,946,000,000
2010 est.
172 Czech Republic
$ -5,956,000,000
2010 est.
173 Lebanon
$ -6,972,000,000
2010 est.
174 Mexico
$ -7,000,000,000
2010 est.
175 Morocco
$ -7,922,000,000
2010 est.
176 Romania
$ -7,934,000,000
2010 est.
177 Vietnam
$ -12,220,000,000
2010 est.
178 Poland
$ -12,330,000,000
2010 est.
179 South Africa
$ -16,510,000,000
2010 est.
180 Greece
$ -17,100,000,000
2010 est.
181 Portugal
$ -19,030,000,000
2010 est.
182 India
$ -26,910,000,000
2010 est.
183 Australia
$ -35,230,000,000
2010 est.
184 Turkey
$ -38,820,000,000
2010 est.
185 Canada
$ -40,210,000,000
2010 est.
186 United Kingdom
$ -40,340,000,000
2010 est.
187 Brazil
$ -52,730,000,000
2010 est.
188 France
$ -53,290,000,000
2010 est.
189 Italy
$ -61,980,000,000
2010 est.
190 Spain
$ -66,740,000,000
2010 est.
191 United States
$ -561,000,000,000
2010 est.
The next closest nation to the U.S. is Spain, and though it's ranked at No. 190, its account balance is negative $66 billion, far less than the American figure.
Join the "No More Red Ink" campaign today and send letters to all 240 House Republicans on the issue of outrageous American debt today.

Posted by Gary E. Weller at Friday, July 08, 2011
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