Skip to comments.According to C.I.A. report, we're broke.
Posted on 02/24/2010 7:18:44 PM PST by optiguy
Country Comparison :: Current account balance This entry records a country's net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period specified. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
Yeah, we’re losing money, but we make it up in volume!
Do I really need a /sarc tag?
thought that was a given.
According to C.I.A. report, we’re broke.
If we were Napoleonic France, say, we’d be trying to sell Louisiana to the quickest bidder.
How about $100 million from Mr. Reid of Nevada?
Once upon a time, to say “Aah,if you think we got it so bad here, why don’t you go live in Russia?!” (#7) was an insult. Now it looks like an attractive alternative!
“According to C.I.A. report, we’re broke.”
We didn’t need a CIA report to tell us that, did we?? We’ve been broke for quite some time.
I'm so happy the CIA took the time to catch up. NOT!
I dont need the CIA to tell me that we’re broke. The Obama Factbook however..will tell you we need to print out more money.
A minor accounting change, e.g. Gold = $1,000,000,000 per ounce ~ and everything is different.
“Maybe the Federal Government should sell some of it’s land in the Western states. Same goes for the States and Counties.”
Who says this hasn’t already been happening? Who would the U.S. be selling this land to?
How much of the land in the Westerm U.S. that was grabed by the federal government is actually now a possession of the U.N.?
Wow! It took one of our 30+ intel agencies to figure that one out. I wonder how much government money they spent to solve this case? How many people were assigned to make this determination? 10? 100? 1000?
I could have spent 42 cents on a stamp and sent them a letter with pic of Captain Obvious on it saying “We’re broke.”
Haven't heard that question in ages.
The World Heritage Site deal doesn't change ownership of a site from the country where it's located to the UN. Those places are still ours, and we could seize them if necessary.
Remember, there are no blue helmeted secret soldiers hiding behind the rocks ready to leap out at us.
BTW, if you missed it, the white tracked military vehicles and tanks parked along rail sidings in Mississippi were, in fact, equipment scheduled to be SENT to UN "peace keeper" operations elsewhere in the world.
Or start selling what is underneath the western states.
Still broke if you use the gold we have our debt is way more.
Maybe the taxpayers should be apprised of CAFR: Comprehensive Annual Financial Report (read about in an earlier thread....)
which may prove that the fed AND state govt, with all their crocodile tears over no money, would be found to be keeping TWO sets of books; One-they invest with, the Second, they use to fool the taxpaying public into thinking theyre broke and need to raise taxes.
Tea Parties, Facebook, Twitter and the internet should be used as OUR tools NOW to spread this extortion of revenue from the public.
Back in the good old days they'd go in there and haul gold bullion around to "balance" international accounts.
The gold balanced the accounts; it's still in America.
Most people simply have no idea what a dominant position this country has when it comes to gold. We've got ours. We've got theirs too!
As Mel Brooks said "It's good to be the king".
No problem with those either.
It’s official .............
The only thing that I find shocking is that we need the CIA to tell us this.
Oh that’s not true: I also find it shocking that so many of our leaders don’t care....
I wonder why it has the European Union as so high and then most of the countries in the EU are so low
...and in other news, Obama has passed Jimmy Carter as the Worst.President. EVER. Film at eleven.
How much will Japan give us for Alaska? (and Pearl Harbor?)
Hey wait a minute... isn’t all that gold hollowed out and filled with peanut butter, or tungsten or somethin???
It doesn’t take a spy agency to figure this one out!
If Obama sells Alaska back to the Russians to settle our debt, is Palin still a Natural Born citizen of the USA??? uh oh....
Mugabe, Obama’s hero, pretty much sold Zimbabwe to Libya for oil.
What????? That’s for the camps!
This entry records a country's net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period specified. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
Rank country Current account balance Date of Information
190 United States $ -380,100,000,000 2009 est.
I’ll emphasize that it’s “calculated on an exchange rate basis.” ...takes some of the wonder of it all. Granted, we can do fine with that to some extents on trade for civilian wealth. But one problem that it presents for us, is that they don’t need to spend US dollars on military hardware or to spend it on US contractors.
Is all the land, buildings, equipment both civilian and military the gov’t owns taken into account and valued as assets to offset liabilities?
No one would buy today.
And using the guillotine on our aristocrats in congress.
we can’t be broke! there’s still more checks in the checkbook!
Didn’t Clinton sell coal rights to the Riady’s? (Indonesians working with Chinese military intelligence)
or did he just nullify its value by locking it up as a federal preserve so the Riady coal holding in Indonesia became the world’s largest source of “clean” coal
obama now in process of trying to expand federal control over western land, to make it a protected wasteland.
We’re broke! I’ve got an idea.... let’s pass a trillion dollar healthcare plan.
Ok, We’re broke.
Now please forgive me for asking what may be a stupid question, but what does this really mean?
I mean for all practical purposes.
With my current situation, I have a job, the paychecks get deposited, my credit card still works, I can take cash out of the bank, people and companies still accept it as payment, I can still buy things like food, gasoline,pay my bills by check, etc.
What am I not seeing?
I wonder what percentage energy imports are?
I blame poor reading skills. Did you have a link to a CIA page that said we were broke?
Or do you not know what Current Account Balance means?
How about Capital Account Balance?
Balance of Payments?
I think as a percentage of GDP we’re in much better shape than this indicates. But we have to balance our budget, which means cutting everything, medicare, medicaid, social security which should be means tested. Then eliminate capital gains taxes to free up trillions of capital, stop offshoring our manufacturing (screw free trade) and reclaim our position as the dominate economic force in the world. (I actually believe we still are) We gotta drill and mine, someone doesn’t play fair in trade we slap em with huge tariffs, China causes trouble, void our notes to them. They get $&!^^# with us, sink their navy.