Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

According to C.I.A. report, we're broke.
CIA Factbook ^ | February 24, 2010 | Central Intelligence Agency

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.


TOPICS: Foreign Affairs; Front Page News; Government; News/Current Events
KEYWORDS: cia; ecomonics; hardmoneynutjobs; obamanomics
Navigation: use the links below to view more comments.
first 1-5051-62 next last
Scroll to bottom of list. BTW I did a search and didn't see it previously posted.
1 posted on 02/24/2010 7:18:44 PM PST by optiguy
[ Post Reply | Private Reply | View Replies]

To: Willie Green; AuntB

Yipes


2 posted on 02/24/2010 7:19:50 PM PST by Clintonfatigued (Liberal sacred cows make great hamburger)
[ Post Reply | Private Reply | To 1 | View Replies]

To: optiguy

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


3 posted on 02/24/2010 7:20:04 PM PST by optiguy (Government does not solve problems; it subsidizes them.----- Ronald Reagan)
[ Post Reply | Private Reply | To 1 | View Replies]

To: optiguy

Yeah, we’re losing money, but we make it up in volume!

Do I really need a /sarc tag?


4 posted on 02/24/2010 7:21:22 PM PST by papasmurf (sudo apt-get install U-S-Constitution)
[ Post Reply | Private Reply | To 1 | View Replies]

To: optiguy

thought that was a given.


5 posted on 02/24/2010 7:22:45 PM PST by dalebert
[ Post Reply | Private Reply | To 1 | View Replies]

To: optiguy

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.


6 posted on 02/24/2010 7:23:21 PM PST by flowerplough ( Pennsylvania today - New New Jersey meets North West Virginia.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: flowerplough

How about $100 million from Mr. Reid of Nevada?


7 posted on 02/24/2010 7:26:00 PM PST by Mpatl (R)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Clintonfatigued

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!


8 posted on 02/24/2010 7:29:48 PM PST by Frank_2001
[ Post Reply | Private Reply | To 2 | View Replies]

To: Clintonfatigued

“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.


9 posted on 02/24/2010 7:31:28 PM PST by AuntB (WE are NOT a nation of immigrants! We're a nation of Americans! http://towncriernews.blogspot.com/)
[ Post Reply | Private Reply | To 2 | View Replies]

To: optiguy
Nothing our arch enemies haven't known for a long time...

I'm so happy the CIA took the time to catch up. NOT!

10 posted on 02/24/2010 7:33:05 PM PST by Moe Tzadik
[ Post Reply | Private Reply | To 1 | View Replies]

To: optiguy

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.


11 posted on 02/24/2010 7:33:32 PM PST by max americana
[ Post Reply | Private Reply | To 1 | View Replies]

To: flowerplough
If we were Napoleonic France, say, we’d be trying to sell Louisiana to the quickest bidder.

Maybe the Federal Government should sell some of it's land in the Western states. Same goes for the States and Counties.

Photobucket
12 posted on 02/24/2010 7:41:10 PM PST by Tailback
[ Post Reply | Private Reply | To 6 | View Replies]

To: Tailback
Good point ~ the report fails to address ASSETS and VALUABLES on hand. For instance, there's Fort Knox. Full of gold. All of it valued at far less than it's actual worth.

A minor accounting change, e.g. Gold = $1,000,000,000 per ounce ~ and everything is different.

13 posted on 02/24/2010 7:45:34 PM PST by muawiyah ("Git Out The Way")
[ Post Reply | Private Reply | To 12 | View Replies]

To: optiguy
And its a pretty long way to just move up to 189th place.

189 Spain
$ -69,460,000,000
2009 est.
190 United States
$ -380,100,000,000
2009 est.

14 posted on 02/24/2010 7:49:10 PM PST by Vince Ferrer
[ Post Reply | Private Reply | To 3 | View Replies]

To: Tailback

“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?


15 posted on 02/24/2010 7:53:23 PM PST by BIOCHEMKY (I love liberty more than I hate war.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: muawiyah

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.?


16 posted on 02/24/2010 8:00:26 PM PST by BIOCHEMKY (I love liberty more than I hate war.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: optiguy

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.”


17 posted on 02/24/2010 8:03:00 PM PST by Jack Hydrazine
[ Post Reply | Private Reply | To 1 | View Replies]

To: optiguy

bump


18 posted on 02/24/2010 8:07:06 PM PST by VOA
[ Post Reply | Private Reply | To 1 | View Replies]

To: BIOCHEMKY
None!

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.

19 posted on 02/24/2010 8:07:26 PM PST by muawiyah ("Git Out The Way")
[ Post Reply | Private Reply | To 16 | View Replies]

To: Tailback
Maybe the Federal Government should sell some of it's land in the Western states. Same goes for the States and Counties.

Or start selling what is underneath the western states.

20 posted on 02/24/2010 8:07:43 PM PST by Vince Ferrer
[ Post Reply | Private Reply | To 12 | View Replies]

To: muawiyah

Still broke if you use the gold we have our debt is way more.


21 posted on 02/24/2010 8:10:01 PM PST by FromLori (FromLori)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Vince Ferrer
Or start selling what is underneath the western states.

You mean stuff like Gold, Silver, Nickel, Uranium, low sulfur Coal, natural gas, and oil shale?

How about the renewable green resources on top of that government land like Douglas Fir, Western Red Cedar, Redwood, Pine, Yew, etc...
22 posted on 02/24/2010 8:13:25 PM PST by Tailback
[ Post Reply | Private Reply | To 20 | View Replies]

To: optiguy

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 gov’t, 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 they’re 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”.


23 posted on 02/24/2010 8:20:17 PM PST by Mortrey (Impeach President Soros)
[ Post Reply | Private Reply | To 1 | View Replies]

To: FromLori
Not "use it", just "revalue it". In fact, we have a bank in New York City that as much gold in the basement as does Fort Knox.

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".

24 posted on 02/24/2010 8:20:44 PM PST by muawiyah ("Git Out The Way")
[ Post Reply | Private Reply | To 21 | View Replies]

To: Tailback

No problem with those either.


25 posted on 02/24/2010 8:20:50 PM PST by Vince Ferrer
[ Post Reply | Private Reply | To 22 | View Replies]

To: optiguy

*


26 posted on 02/24/2010 8:21:29 PM PST by Liberty Valance (Keep a simple manner for a happy life :o)
[ Post Reply | Private Reply | To 1 | View Replies]

To: hiredhand; Travis McGee; SLB; Jeff Head

It’s official .............


27 posted on 02/24/2010 8:22:07 PM PST by Squantos (Be polite. Be professional. But have a plan to kill everyone you meet)
[ Post Reply | Private Reply | To 1 | View Replies]

To: optiguy

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....


28 posted on 02/24/2010 8:42:03 PM PST by Tzimisce (No thanks. We have enough government already. - The Tick)
[ Post Reply | Private Reply | To 1 | View Replies]

To: optiguy

I wonder why it has the European Union as so high and then most of the countries in the EU are so low


29 posted on 02/24/2010 8:43:28 PM PST by Jolla
[ Post Reply | Private Reply | To 1 | View Replies]

To: optiguy

...and in other news, Obama has passed Jimmy Carter as the Worst.President. EVER. Film at eleven.


30 posted on 02/24/2010 8:49:40 PM PST by pillut48 ("Stand now. Stand together. Stand for what is right."-Gov.Sarah Palin, "Going Rogue")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Clintonfatigued
Thank you CIA, now for todays weather with algore....

Photobucket

31 posted on 02/24/2010 8:57:36 PM PST by Eric Blair 2084 (Beware of the Socialist Government-Academia Grant Junkie-Rich "non-profit"-Liberal Media Complex)
[ Post Reply | Private Reply | To 2 | View Replies]

To: flowerplough

How much will Japan give us for Alaska? (and Pearl Harbor?)


32 posted on 02/24/2010 9:06:33 PM PST by campaignPete R-CT ("pray without ceasing" - Paul of Tarsus)
[ Post Reply | Private Reply | To 6 | View Replies]

To: FromLori

Hey wait a minute... isn’t all that gold hollowed out and filled with peanut butter, or tungsten or somethin???


33 posted on 02/24/2010 9:35:14 PM PST by JDoutrider (Send G. Soros home! Hell isn't half full!)
[ Post Reply | Private Reply | To 21 | View Replies]

To: optiguy

It doesn’t take a spy agency to figure this one out!


34 posted on 02/24/2010 9:41:28 PM PST by April Lexington (Study the constitution so you know what they are taking away!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: flowerplough
If we were Napoleonic France, say, we’d be trying to sell Louisiana to the quickest bidder.

If Obama sells Alaska back to the Russians to settle our debt, is Palin still a Natural Born citizen of the USA??? uh oh....

35 posted on 02/24/2010 9:43:12 PM PST by April Lexington (Study the constitution so you know what they are taking away!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Tailback

Mugabe, Obama’s hero, pretty much sold Zimbabwe to Libya for oil.


36 posted on 02/24/2010 10:12:52 PM PST by Frantzie (TV - sending Americans towards Islamic serfdom - Cancel TV service NOW)
[ Post Reply | Private Reply | To 22 | View Replies]

To: Tailback

What????? That’s for the camps!


37 posted on 02/24/2010 10:49:08 PM PST by proudtobeanamerican1 (Prayers Up! It's our last defense!)
[ Post Reply | Private Reply | To 12 | View Replies]

To: bruinbirdman
A matter of presentation by the Agency also might be of interest. It shows the number for the USA at the bottom of the page.

CIA World Factbook [Excerpt]

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.

Rank     country     Current account balance     Date of Information

[...]

190    United States    $ -380,100,000,000               2009 est.


38 posted on 02/25/2010 2:35:30 AM PST by familyop (cbt. engr. (cbt), NG, '89-' 96, Duncan Hunter or no-vote.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bruinbirdman

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.


39 posted on 02/25/2010 2:44:29 AM PST by familyop (cbt. engr. (cbt), NG, '89-' 96, Duncan Hunter or no-vote.)
[ Post Reply | Private Reply | To 38 | View Replies]

To: FromLori

Is all the land, buildings, equipment both civilian and military the gov’t owns taken into account and valued as assets to offset liabilities?


40 posted on 02/25/2010 2:49:58 AM PST by 101voodoo
[ Post Reply | Private Reply | To 21 | View Replies]

To: flowerplough

No one would buy today.


41 posted on 02/25/2010 2:53:07 AM PST by bmwcyle (Free the Navy Seals)
[ Post Reply | Private Reply | To 6 | View Replies]

To: flowerplough
If we were Napoleonic France, say, we’d be trying to sell Louisiana to the quickest bidder.

And using the guillotine on our aristocrats in congress.

42 posted on 02/25/2010 3:17:34 AM PST by Rapscallion (OBAMA - President in Name Only (PINO))
[ Post Reply | Private Reply | To 6 | View Replies]

To: optiguy

we can’t be broke! there’s still more checks in the checkbook!


43 posted on 02/25/2010 5:25:12 AM PST by silverleaf (We don't want everyone in Washington to get along, We want them to get out of the way)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BIOCHEMKY

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.


44 posted on 02/25/2010 5:29:24 AM PST by silverleaf (We don't want everyone in Washington to get along, We want them to get out of the way)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Eric Blair 2084

excellent!


45 posted on 02/25/2010 5:30:20 AM PST by silverleaf (We don't want everyone in Washington to get along, We want them to get out of the way)
[ Post Reply | Private Reply | To 31 | View Replies]

To: optiguy

We’re broke! I’ve got an idea.... let’s pass a trillion dollar healthcare plan.


46 posted on 02/25/2010 5:32:26 AM PST by jersey117
[ Post Reply | Private Reply | To 1 | View Replies]

To: optiguy

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?


47 posted on 02/25/2010 5:59:46 AM PST by Screaming_Gerbil (I think we met before in a past life, and I was a witch back then, too!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: optiguy

I wonder what percentage energy imports are?


48 posted on 02/25/2010 6:01:53 AM PST by listenhillary (the only reason government wants to be our provider is so it may become our master)
[ Post Reply | Private Reply | To 1 | View Replies]

To: optiguy
According to C.I.A. report, we're broke.

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?

49 posted on 02/25/2010 6:28:48 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vince Ferrer

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.


50 posted on 02/25/2010 7:11:16 AM PST by east1234 (It's the borders stupid! My new environmentalist inspired tagline: cut, kill, dig and drill)
[ Post Reply | Private Reply | To 14 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-62 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson