Tuesday, February 1, 2011

The coming US Depression has an added dimension: "....

...a huge underclass of very desperate people with their minds chemically blown beyond anybody's comprehension" which may fuel unprecedented unrest. Tom Dennen


Money talks and here is what it is saying: Here are the Current Account Balances of 163 Countries in the World COMPARED WITH LEVELS OF STREET VIOLENCE (Egypt is high on the positive side of the debt list unlike Spain, the UK and the others at the bottom, and is not likely rioting over austerities):

Notice the amazing entry at the bottom of this list (scroll down) taken from Gerald Celentes' Trends Journal, the full report, 2011.

The Current Account Balance 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.


China is No. 1, Hong Kong No. 15, Egypt N.37 ... check who is No. 163

World Ranking - Current Acct Balance (in Millions of US$)

1 People's Republic of China (PRC) 179,100

2 Japan 174,400

3 Germany 134,800

4 Russia 105,300

5 Saudi Arabia 103,800

6 Norway 63,330

7 Switzerland 50,440

8 Netherlands 50,170

9 Kuwait 40,750

10 Singapore 35,580

11 Venezuela 31,820

12 Sweden 28,610

13 United Arab Emirates 26,890

14 Algeria 25,800

15 Hong Kong 20,900

16 Canada 20,560

17 Malaysia 17,860

18 Libya 14,500

19 Brazil 13,500

20 Iran 13,130

21 Nigeria 12,590

22 Qatar 12,510

23 Taiwan 9,700

24 Finland 8,749

25 Iraq 8,134

26 Angola 7,700

27 Oman 7,097

28 Belgium 6,925

29 Austria 5,913

30 Argentina 5,810

31 Chile 5,063

32 Denmark 4,941

33 Philippines 4,900

34 Luxembourg 4,630

35 Trinidad and Tobago 3,259

36 Azerbaijan 2,737

37 Egypt 2,697 - Why riots now?

38 Korea, South 2,000

39 Bahrain 1,999

40 Gabon 1,807

41 Botswana 1,698

42 Yemen 1,690

43 Indonesia 1,636

44 Peru 1,515

45 Israel 1,643

46 Uzbekistan 1,410

47 Burma 1,247

48 Republic of the Congo 1,215

49 Vietnam 1,029

50 Ecuador 727

51 Bolivia 688

52 Papua New Guinea 661

53 Namibia 572

54 Ivory Coast 460

55 Cameroon 419

56 Morocco 389

57 Bangladesh 339

58 Turkmenistan 321.2

59 Equatorial Guinea 175

60 British Virgin Islands 134.3 (1999)

61 Kazakhstan 113

62 Cook Islands 26.67 (2005)

63 Palau 15.09 (2004)

64 Tuvalu 2.323 (1998)

(FROM HERE ON DOWN, THE AMOUNTS REFLECT A NEGATIVE BALANCE - ALL IN VERY SMALL, UNDERDEVELOPED, HIGHLY EXPLOITED 3d WORLD COUNTRIES, WITH THE EXCEPTION OF ICELAND, ONE OF THE FIRST TO REVOLT AGAINST THE GLOBAL DEBT-IS-MONEY FIAT CURRENCY SYSTEM OF FRACTIONAL RESERVE LENDING INTO WHAT MAY BE UNIVERSAL BANKRUPTCY - ed.)

65 Samoa -2.428 (2004)

66 Tonga -4.321 (2005)

67 Comoros -17 (2005)

68 Kiribati -19.87 (2004)

69 Swaziland -23.13

70 São Tomé and Príncipe -24.4

71 Vanuatu -28.35 (2003)

72 Federated States of Micronesia-34.3 (2005)

73 Anguilla -42.87 (2003)

74 Cape Verde -44.43

75 The Gambia - 54.61

76 Burundi -57.84

77 Haiti -58..72

78 Tajikistan -73.95

79 Lesotho -75.44

80 Seychelles -78.59

81 Antigua and Barbuda -83.4 (2004)

82 Guyana - 84.3

83 Rwanda -104.1

84 Honduras -160

85 Zambia -165.4

86 Republic of Macedonia -167

87 Belize -173.4

88 Malawi -186

89 Ghana -219

90 Armenia -247.3

91 Togo -261.9

92 Zimbabwe - 264.6

93 Kyrgyzstan -287.3

94 Paraguay -300

95 Chad -324.1

96 Benin -342.7

97 Guinea -344

98 Cambodia -369

99 Mexico -400.1

100 Uganda -423

101 Eritrea -440.5

102 Mozambique -444.4

103 Fiji -465.8

104 Panama -467

105 Madagascar -504

106 Laos -404.2

107 Belarus -511.8

108 Syria -529

109 Moldova -561

110 Uruguay -600

111 Burkina Faso -604.6

112 Mauritius -651

113 Albania -679.9

114 Georgia -735

115 Tunisia -760

116 Slovenia -789.2

117 Nicaragua -883

118 Senegal -895.2

119 Thailand - 899.4

120 Tanzania -906

121 Malta -966.2

122 Jamaica -970

123 Cyprus -1,051

124 El Salvador -1,059

125 Sri Lanka -1,118

126 Kenya -1,119

127 Dominican Republic -1,124

128 Costa Rica -1,176

129 Cuba -1,218

130 Guatemala -1,533

131 Bosnia and Herzegovina -1,730

132 Estonia -1,919

133 Ukraine -1,933

134 Colombia -2,219

135 Serbia -2,451 (2005)

136 Latvia -2,538

137 Lithuania -2,572

138 Jordan -2,834

139 Croatia -2,892

140 Iceland -2,932

141 Ethiopia -3,384

142 Slovakia -3,781

143 Czech Republic -4,352

144 Sudan -4,510

145 Poland -4,548

146 Bulgaria -5,100

147 Lebanon -5,339

148 Pakistan -5,486

149 New Zealand -7,944

(FROM HERE ON DOWN - THE BOTTOM OF THE LIST - WITH THE EXCEPTIONS OF SOUTH AFRICA, PARTS OF AUSTRALIA AND THE UNITED STATES, THESE COUNTRIES ARE EXPERIENCING VIOLENT REVOLUTIONARY MONETARY-BASED REFORM - THE SOLE EXCEPTION, EGYPT, NUMBER 37 ON THE LIST WITH A POSITIVE ACCOUNT BALANCE OF $2 697 APPEARS TO BE POLITICALLY AS WELL AS ARTIFICIALLY FINANCIALLY MOTIVATED - ED)

150 Hungary -8,392

151 Ireland -9,450

152 Romania -12,450

153 South Africa -12,690 (some debt may be found Odious - debt taken on by the apartheid govt.)

154 Portugal -16,750

155 Greece -21,370

156 Italy -23,730

157 Turkey -25,990

158 India -26,400

159 France -38,000

160 Australia -41,620

161 United Kingdom -57,680

162 Spain -98,600

163 United States -862,300 (America is not yet in an on-the-streets financial revolt partly because, in order to support America's huge import / export imbalance, the rest of the world lends it the money to continue buying - from the rest of the world - on credit, a situation impossible to sustain).

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