Pwnt

[SeanEdwards]

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

[pacelli]

187
Spain $ -145,600,000,000 2007 est.
188
United States $ -738,600,000,000 2007 est.



We're dead last and nowhere close to recovering.

[SeanEdwards]

The american economy is NOT retreating.

It's advancing to the rear.

[Mesogen]

Don't you love how Iraq is higher on the list that Israel?

[Conza88]

185
Australia $ -56,200,000,000 2007 est.
186
United Kingdom $ -136,200,000,000 2007 est.
187
Spain $ -145,600,000,000 2007 est.
188
United States $ -738,600,000,000 2007 est.

:eek:

[Raditude]

How does something like his happen?

Maybe to give you some hope, Germany, was completely bust after WWII, and now they're number 3 in terms of account balance.

[GreenCardSeeker]

Hmm, I don't get the Swedish figure. Statistics here say we've got a national debt of roughly 200 billion dollars. On the CIA site it says a balance of $38 billion. Though I guess the balance figure might include property the state owns, which would bias the figure towards countries with big government. As portion of the GDP, the US has about the same national debt as Sweden it seems, slightly below 40% in both cases. In the mid 90's, Sweden's national debt was almost 80% of GDP. Getting finances under control is simply a matter of political will, getting the spending under control.

[SeanEdwards]

Hmm, I don't get the Swedish figure. Statistics here say we've got a national debt of roughly 200 billion dollars. On the CIA site it says a balance of $38 billion. Though I guess the balance figure might include property the state owns, which would bias the figure towards countries with big government. As portion of the GDP, the US has about the same national debt as Sweden it seems, slightly below 40% in both cases. In the mid 90's, Sweden's national debt was almost 80% of GDP. Getting finances under control is simply a matter of political will, getting the spending under control.

This is not national debt, it's balance of trade. Yearly measures of imports and exports. A positive number means the country is a net exporter, negative means net importer.

[Kludge]

10% annual inflation rate = 10% less value of national debt = making money on debt = exporting inflation = good.

National debt is okay so long as we have an inflationary policy. That said, no national debt and no excessive inflation would be even better :)