CIA factbook: USA worst economy in the world!

[SandEagle]

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

:hmm:

even Nigeria is faring off better than us :\

 

[MomentsofSanity]

I can believe it. Nigeria appears to have an abundance of princes. Every time I open my email another one pops up.

 

[wirednuts]

well since weed runs about $100 an ounce for regular, yeah i believe it. thats close to an infinite markup, and people still say they dont make shit for profit on it.

in the last ten years, everything has doubled in cost while our wages have actually gone down. we have become slaves, and im tired of it. $675 in CO PAYS alone for my last couple doctor visits!! just ridiculous. it shouldnt cost $8k to run simple tests only to conclude the same exact things as they did 8 years ago.

i really hate this economy. its been like 6 years of absolute shit now. its a living nightmare.

 

[wirednuts]

actually, that is a scary chart! just look at how much the US stands out on the bottom. going by this, we are absolutely fucked.

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.​

 

[Inspector Jihad]

lol. only if account balance was an end-all economic indicator.

 

[Craig234]

'Deficits don't matter'

- The guy the Republicans put in as VP/'sort of the real President'

Who dd he say this to? The Treasury Secretary, who was concerned about deficits.

He added, "We won the midterms (congressional elections). This is our due."

To quote, "a month later, Cheney told the Treasury secretary he was fired."

 

[silverpig]

lol. only if account balance was an end-all economic indicator.

No kidding. This is trade balance. It's not good to be at either end. You want to be right around 0.

 

[Capt Caveman]

lol. only if account balance was an end-all economic indicator.

Correct. But the ignorant need something to whine about. Trying to understand the numbers would be too much work or be beyond their mental capacity.

 

[Attic]

How to fix?

How much of that figure is due to interest payments on our debt?

 

[HAL9000]

Holy shit you guys are $500,000,000,000 or so below second place.

 

[fskimospy]

Well that settles it guys, lets all move to the Democratic Republic of the Congo! I hear their economy is way better than ours.

Not only is this a dumb comparison, period, but it doesn't even take into account the deficit as a percentage of GDP. There are a number of countries with greater deficits as compared to their GDP.

 

[Jhhnn]

No kidding. This is trade balance. It's not good to be at either end. You want to be right around 0.

Heh. Countries at the top end are *showing a profit* at the national level, so they can maintain things like social safety nets, infrastructure, real growth if they so desire.

It's also very, very easy for them to trim their balances downward, because they're not hostage to the whims of international bankers & capitalists.

The US? We're being systematically looted by our own financial elite, and we're too dumb, too caught up in right wing fantasy & rhetoric to do anything about it. It's a race to the bottom, and we're winning.

No job? No raise if you have one? Underwater on the mortgage? Price of everything wearing you down? What you need is... Austerity! Yep. Cutting federal spending to the bone, putting more people out of work, is just the ticket for what ails you. The confidence fairy will come & keep the bogeyman bond vigilantes at bay, so that the Job Creators! can do their thing with deregulated banking in the free market world economy! Free trade, too! If it's Free! it's gotta be good, right?

You've always wanted to cast aside all your worldly possessions to better follow Jesus, and American Capitalists are just helping you out, showing you the way, the light at the end of the tunnel...

 

[SandEagle]

Correct. But the ignorant need something to whine about. Trying to understand the numbers would be too much work or be beyond their mental capacity.

studies have shown that people who don't know anything about a subject try to make it look like they know about said subject by making blanket statements that generalize and try to belittle the other party, i.e., "the ignorant".

study isn't scientific since it was conducted by me and you as the the test subject. error +/- .0005%

 

[xj0hnx]

The US? We're being systematically looted by our own financial elite, and we're too dumb, too caught up in left and right wing fantasy & rhetoric to do anything about it. It's a race to the bottom, and we're winning.

ftfy :thumbsup:

 

[silverpig]

Heh. Countries at the top end are *showing a profit* at the national level, so they can maintain things like social safety nets, infrastructure, real growth if they so desire.

It's also very, very easy for them to trim their balances downward, because they're not hostage to the whims of international bankers & capitalists.

The US? We're being systematically looted by our own financial elite, and we're too dumb, too caught up in right wing fantasy & rhetoric to do anything about it. It's a race to the bottom, and we're winning.

No job? No raise if you have one? Underwater on the mortgage? Price of everything wearing you down? What you need is... Austerity! Yep. Cutting federal spending to the bone, putting more people out of work, is just the ticket for what ails you. The confidence fairy will come & keep the bogeyman bond vigilantes at bay, so that the Job Creators! can do their thing with deregulated banking in the free market world economy! Free trade, too! If it's Free! it's gotta be good, right?

You've always wanted to cast aside all your worldly possessions to better follow Jesus, and American Capitalists are just helping you out, showing you the way, the light at the end of the tunnel...

This isn't a reflection of government spending at all. It's exports - imports.

If you are like China, you are producing way too much. Pollution is high, your population is overworked, and you aren't enjoying the fruits of your labour.

I agree, it's better to be at the top than at the bottom, but it's best to be right around neutral.

 

[Capt Caveman]

studies have shown that people who don't know anything about a subject try to make it look like they know about said subject by making blanket statements that generalize and try to belittle the other party, i.e., "the ignorant".

study isn't scientific since it was conducted by me and you as the the test subject. error +/- .0005%

It's not a study, it's a statistic. You're threads show a consistent ignorance. Please find me a definition for the statistic that you've posted to demontrate that it indicates that the USA is the worst economy in the world.

Have you ever taken an economics class or understand macro-economics at all? It's a big no to either. You are either trolling, retarded or a retarded troll.

 

[ProfJohn]

Hasn't Japan been in a recession for the past 2 decades?

It also has the highest debt to GDP in the world.

 

[Jhhnn]

Hasn't Japan been in a recession for the past 2 decades?

It also has the highest debt to GDP in the world.

Not a recession, but rather a listless period of slow growth following their own housing boom & bust in the 90's.

It's been pretty poorly understood by the American public, but not by our financial sector, who apparently used it as a template for our "Ownership Society"...

Debt/GDP ratio for Japan is misleading, because their strong positive balance of trade means they can afford to maintain debt, not to mention that they hold enormous reserves in other nation's debt, like our own, all at the same time. Their own governmental debt is entirely internal, as well.

 

[SandEagle]

It's not a study, it's a statistic. You're threads show a consistent ignorance. Please find me a definition for the statistic that you've posted to demontrate that it indicates that the USA is the worst economy in the world.

Have you ever taken an economics class or understand macro-economics at all? It's a big no to either. You are either trolling, retarded or a retarded troll.

i see. since you cannot back up your claims, you resort to the typical name-calling to silence me. typical caveman behavior. but alas, it is the CIA that published those stats, not me. if you have a problem with the numbers, take it up with them.

SandEagle, PhD

 

[fskimospy]

i see. since you cannot back up your claims, you resort to the typical name-calling to silence me. typical caveman behavior. but alas, it is the CIA that published those stats, not me. if you have a problem with the numbers, take it up with them.

SandEagle, PhD

Do you understand that you can't use a country's trade balance to determine which one has the better economy?

 

[xj0hnx]

i see. since you cannot back up your claims, you resort to the typical name-calling to silence me. typical caveman behavior. but alas, it is the CIA that published those stats, not me. if you have a problem with the numbers, take it up with them.

SandEagle, PhD

It isn't a matter of who published what, it's a matter of your absolute, complete and utter failure to comprehend what it means in a given context.

 

[Inspector Jihad]

It isn't a matter of who published what, it's a matter of your absolute, complete and utter failure to comprehend what it means in a given context.

+2

 

[DesiPower]

Millions of Americans have helped the Nigerian prince transfer money and that why the country is rich now.

 

[DesiPower]

here's an idea, lets start a war with China, when they back fight, we quickly surrender and let them take over US of A, and THEN, ladies and g'men, China will become the poorest nation :thumbsup:

 

[Bryf50]

here's an idea, lets start a war with China, when they back fight, we quickly surrender and let them take over US of A, and THEN, ladies and g'men, China will become the poorest nation :thumbsup:

Better Idea
http://www.youtube.com/watch?v=TRgRz3nSG7o