CIA: USA worst economy in the world!?!

[kpete]

CHECK THIS OUT:
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html

[Cali_Democrat]

1. That's a measure of current account balance. n/t

[leveymg]

5. Read Krugman on current accounts deficits and vulnerability to hedge fund attacks on

vulnerable Pangloss markets and currencies. That is an enormous vulnerability.

Can't the CIA just send in some covert teams and entrap some global hedge fund operators and sabotage their computers so they run a nanosecond slow, or something?

[IndyPragmatist]

2. That's not exactly what it is saying, but it's still a scary sight

1 China $ 272,500,000,000 2010 est.
2 Japan $ 166,500,000,000 2010 est.
3 Germany $ 162,300,000,000 2010 est.
...
...
...
...
191 United States $ -561,000,000,000 2010 est.



Not good at all.

[FreakinDJ]

3. Negative $500 Trillion - were Fucked

I didn't know the Reaganomics Free Traders had sold us that far down the river

[leveymg]

7. Looks like we're going to have start thinking in terms of quadrillions pretty soon.

Yes, we are fucked. . . utterly fucked.

[FreakinDJ]

11. That or starting thinking Green Tech, FAIR Trade, and American MFG

Make no mistake - this is the road Reaganomics has led us down

[CleanGreenFuture]

9. That would be "billion", with a "b". But still...not good.

[leveymg]

10. You know, if you add in the derivatives, the number is something like that

Funny, I didn't even blink at that.

[muriel_volestrangler]

14. adding derivatives to a current account balance wouldn't make any sense, though

The 'derivatives numbers' that get bandied about aren't some kind of national balance; they are estimates of how much has been exchanged between worldwide financial players. Adding them to the US current account balance would make no more sense than adding the amount of currency traded in the world each year.

[yawnmaster]

17. It's NOT trillion...it's BILLION. and a billion isn't what it used to be. eom

[FreakinDJ]

19. still more then you'll ever see in a 100 life times

[yawnmaster]

21. That makes no sense in this context. What do you mean? That I'll never make that much???

This is a country of over 300 million. My share of that deficit (dividing equally) is between $1000 and $2000 dollars.
I see $1000 dollars many multiple times over a single year.

[Festivito]

22. Half-trillion, that bad part is that is ONLY ONE YEAR. Each year adds those deficits together.

We're being raped.

[Jim Warren]

25. billion

nt

[SlipperySlope]

4. You are just now learning we have the largest trade deficit in the world?

This isn't news...

[RKP5637]

6. Well at least we're still #1 in something, #1 at the bottom of the list. Go USA! n/t

[sarcasmo]

26. #1 at putting people in prison.

[RKP5637]

27. Oops, that's right, we've got two #1 spots. n/t

[Rex]

8. Should send that to Congress and ask them WTF they are doing!?!

Maybe send it to Obama's desk with a "WTF is going on here"? Repukes are a waste of time...sending them something will end up in the trashbin.

[muriel_volestrangler]

16. Send it to the American public

It's primarily from people buying imports. Things like oil, cars, electronics.

[yawnmaster]

18. What should they do? Tarifs on foreign imports? eom

[Rex]

23. Stop all the waste in govt?

I know...impossible.

[OhioChick]

12. Wow n/t

[FreakinDJ]

13. And the RATpubliCONs want to pass more Free Trade Agreements

what are these asshats thinking - and the sad part is I am sure that is "On the Table" right now

[fascisthunter]

15. 30 Years of Tax Breaks for the Rich, Corporate and Wealthy

and we see the fruits of that today. It's undeniable really...

[dgibby]

20. Thanks, kpete.

I just posted this to my FB page.

[Tierra_y_Libertad]

24. But, we have this really cool military that loses wars regularly.

[Poll_Blind]

28. Kick!

PB