I. O. U. S. A.

[Tony_SS]

Take a look at OUR bank account. In case you can't find USA, were at the bottom. Who wants to bet we'll never pay any of this back, and it will all be liquidated, probably to our Chinese friends.

This is pretty scary stuff...
https://www.cia.gov/library/publication ... 7rank.html

 

[NY87SS]

I look at it like just another piece of paper.

No country has solid back able sources that say their money is worth anything. This would be precious gems and metals etc even though those really don't have a worth other than what we associate with it. Its all just a barter tool to take away from solid goods as a trade implement.

If China or any other country really called in all the markers we have what could they actually get, the USA as their own to control and run??

It never really made any real sense to me.
US, not the USA, the people of the world live and breathe etc and go on to lead our lives. There is more money than all the worlds people could actually spend and lead normal lives so these paper trials are actually what?
You could take all the ultra rich of the world, limit them to lets say 50 million assests and allow that to make investments to generate more income for them and the rest is taken by the governments to eliminate these so called deficits. Hard to explain but I think you'd get the gist of it.

Stock market it also another paper joke. The basics say take you money, invest in a company so it may grow and you get paid dividends, your basically a partner in this business. Least thats the simple form of it. But you have these morons that stand there "speculating" and buy and sell all day making commissions and profits for themselves and others. None of that paper ever reached the company to expand etc with, just fictitiously ends up making more or less on paper. And this is a economic indicator, what makes the world go round and it is really a board game of monopoly.

If all the stock people tomorrow stopped this game then this whole economic mess would just turn around and go away leaving just those aholes of the financial mess standing with their pants down. The government could then come in and assist re establishing these companies with the bail out money and charging these people with crimes, which they actually are and jail them sending a clear message to those considering the same greeds of nature.

 

[srercrcr]

The companies don't receive anything when you and I buy or sell a stock. If I buy a share from you, you get paid. The company gets money when they issue the stock.

I couldn't find the US on the list, maybe I'm blind, but this isn't a new story. As I recall the Current Account is the trade balance. As I've preached on here before as long as Americans insist on buying imported cars (instead of American), all kinds of junk from China, and oh yes, the biggie....OIL, we will be in jeopardy. The Bush years did increase exports, that's a good start. We MUST reduce our oil to at least a level where we aren't making payments to our "not-real-friends" in the Middle East and Venezuela. This is one of the cornerstones of the Obama admin.....people don't like importing oil from unfriendly countries.

 

[grandamman]

Steve, United Stated #188...the last one listed.
I'm richer than all but like 70 countries in the WORLD, not counting assets!!

 

[srercrcr]

Thanks. No wonder I couldn't find it, it shows a blank description for the country on my screen. Yea, that is a serious negative! I was thinking about how I said people shouldn't buy foreign cars, but I'm contributing too, my Ipod Touch is assembled in China.

 

[SV6 REGAL]

North of the border we are a little better off we are 24th on the list