https://www.cia.gov/library/publicat.../2187rank.html

If each country had 1 bank account this is what it would be. Source: CIA.

It may seem bad but a few good years of fiscal responsibility should take care of it for you guys.

You have no idea what that chart really means do you?

__________________
"My friends, we live in the greatest nation in the history of the world. I hope you'll join with me as we try to
change it." -- Barack Obama

It's the current account, its the difference between what country buys from the rest of the world and what it sells to the rest of the world.
It's a pretty good deal, we get oil, toyotas and imported romano cheese, they get pieces of paper with numbers on it.

And that paper is redeemable at the Chase, as in "the chase is on".

__________________
“The thought of his being president sends a cold chill down my spine.”

Senator Thad Cochran, Mississippi (R)
on McCain

“I decided I didn’t want this guy anywhere near a trigger.”
Senator Pete Domenici, New Mexico (R)
on McCain

“My anger did not help my campaign ... People don’t like angry candidates very much.”

McCain on McCain

Danny, you might want to read up:

Current account - Wikipedia, the free encyclopedia

__________________
When they come a wull staun ma groon
Staun ma groon al nae be afraid
Thoughts awe hame tak awa ma fear
Sweat an bluid hide ma veil awe tears

Danny and Goober's oversimplification's are typical of a neophyte attempting to explain a complex financial measurement. Here is a fairly accurate explanation: Balance of payments - Wikipedia, the free encyclopedia

__________________
"My friends, we live in the greatest nation in the history of the world. I hope you'll join with me as we try to
change it." -- Barack Obama

Strange how the world creates coincidences - this is one of the main topics in my International Monetary Relations class thus far.

I wouldn't pretend to know enough about it to be dangerous yet, though.

__________________
When they come a wull staun ma groon
Staun ma groon al nae be afraid
Thoughts awe hame tak awa ma fear
Sweat an bluid hide ma veil awe tears

Uhm, I read your wikipedia-article and would paraphrase it in the same way the both of them did. But of course, fancy words like "resident", "non-resident" and "net unilateral transfers from abroad" make it hard to allow any simplifications.

__________________
"I think that gay marriage should be allowed."
- John McCain on an episode of Hardball, 2006, before the commercial break

"I do not believe that gay marriage should be legal."
- John McCain on the same episode of Hardball, after the commercial break

"John McCain does not speak for the John McCain campaign."
- Tucker Bounds, Spokesman of the John McCain presidential campaign.

The straight talk express. You gotta love it.

Are you taking any accounting classes? If not, just remember any country that consumes far more than it produces will eventually piss its wealth away as a debtor nation.

I read the Wiki-articles and I don't see anything wrong here....

Of course it is a simplification... putting all trade into one number is a simplification for statistical purposes already!

So it would of course be naive to look at a ecconomy simply by GDP growth, Account Balance & Investment... BUT those are important indicators => that's why these simplifications don't say everything but they say alot.

And ""-ing your ass off while there is absolutly nothing positive about a massive current account deficit is puzzleing...

It's a massive problem for the US and what is being done about it can be descriped as lunatic...

__________________

Try explaining that to Americans who support special interest war of aggression and unrealistic defense expenditures using debt while reducing tax revenue in a debtor nation service economy that consumes far more than it produces. The irresponsibility goes far beyond lunacy.

Here is a more urgent question:

Over the past 25 years, the republicans have driven the debt to over $9 Trillion. While Republicans like to acuse Democrats of Tax and Spend, this chart shows clearly that the national debt is coming on Republican watch:

United States public debt - Wikipedia, the free encyclopedia

Clinton is the only president to decrease the national debt and Bush has been by far the worst and most of this is due to the Iraq war. McCain wants to continue the US presence in Iraq on an ongoing basis. So, if Republicans are responsible for the massive debt, why would ANYONE want to continue this trend?

Yes, Republicans can spend money.

But Democrats hate America.

__________________
Obama's New "57 State Patriotic Pin":

Your first statement is correct. Your second makes no sense at all. I am a Democrat and I love America. I hate that Republicans call themselves "fiscal conservatives", shout about patriatism and then drive the economy in the ground. I also wonder if they are destroying the US economy intentionally or just because they don't know any better?

Please tell me you're kidding.

Benjamin

__________________
To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.

President Theodore Roosevelt
1918

I've seen no evidence of that...

__________________
Obama's New "57 State Patriotic Pin":