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man, he really doesn't get the problem with deficits
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CTrees



Joined: 21 Jul 2006
Posts: 3772

PostPosted: Tue Aug 22, 2006 5:00 am    Post subject: Reply with quote

Sweet! USA! USA! WE'RE NUMBER 1!
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Marik



Joined: 10 Jul 2006
Posts: 1234

PostPosted: Tue Aug 22, 2006 5:28 am    Post subject: Maybe not. Perhaps. Reply with quote

WheelsOfConfusion wrote:
So if massive debt is power, we're the most powerful nation on Earth!


Yes.

No.

Wait.
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Egregius



Joined: 05 Aug 2006
Posts: 171

PostPosted: Tue Aug 22, 2006 1:00 pm    Post subject: Reply with quote

CTrees wrote:
I still find this little list amusing/appalling. Rank order of 150 countries by account balance (generally 2005 estimates). Yep, the US is number 150, twelve places below Iraq and an order of magnitude further into the red than the number 149.

Oh, and five points to the first person to know where I got that from.


Via Wikipedia? Smile

Should be interesting to see balanced for GDP though, with the US at the top of that list. But yes, this is kind of the benefit you get from having the world oil trade being done with your currency.
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mouse



Joined: 10 Jul 2006
Posts: 17205
Location: under the bed

PostPosted: Tue Aug 22, 2006 7:10 pm    Post subject: Reply with quote

CTrees wrote:
I still find this little list amusing/appalling. Rank order of 150 countries by account balance (generally 2005 estimates). Yep, the US is number 150, twelve places below Iraq and an order of magnitude further into the red than the number 149.

Oh, and five points to the first person to know where I got that from.


well, it says it's from the cia factbook. interesting little thing, that - they have all _kinds_ of tidbits of information.

and notice where japan and china are on that list.

(which of course is why they are willing to finance our debt - they have to do _something_ with all that cash)
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CTrees



Joined: 21 Jul 2006
Posts: 3772

PostPosted: Wed Aug 23, 2006 5:02 am    Post subject: Reply with quote

Jeffrey Roland's blog, Overcompensating, was where I initially found the link.

I thought there were more fans of his around here, which is why I thought it was guessable. *shrug*
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