theconrodkid
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| posted on 22/1/09 at 08:36 PM |
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and you thought you were skint
http://www.indexmundi.com/g/r.aspx?t=0&v=145&l=en
who cares who wins
pass the pork pies
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speedyxjs
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| posted on 22/1/09 at 08:37 PM |
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And we happen to be 161st out of 163!!!
ETA - I always liked Norway. 8th 
[Edited on 22-1-09 by speedyxjs]
How long can i resist the temptation to drop a V8 in?
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Ben_Copeland
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| posted on 22/1/09 at 08:39 PM |
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Dear God, have things really got THAT bad
Ben
Locost Map on Google Maps
Z20LET Astra Turbo, into a Haynes
Roadster
Enter Your Details Here
http://www.facebook.com/EquinoxProducts for all your bodywork needs!
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speedyxjs
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| posted on 22/1/09 at 08:41 PM |
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Check out the population too
I knew China and India were crowded but more than 5 times more populated than America!!!
How long can i resist the temptation to drop a V8 in?
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Meeerrrk
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| posted on 22/1/09 at 08:42 PM |
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great, more scare monger propaganda.
got nothing better to do?!
For Sale : 2008 Aries/Stuart Taylor Motorsport Locoblade (954 Blade)
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iank
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| posted on 22/1/09 at 08:42 PM |
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Knew America was that bad, didn't know how bad we'd got.
--
Never argue with an idiot. They drag you down to their level, then beat you with experience.
Anonymous
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iank
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| posted on 22/1/09 at 08:45 PM |
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quote:
Originally posted by Meeerrrk
great, more scare monger propaganda.
got nothing better to do?!
Because putting your head in the sand and pretending everything's going to be fine is going to solve the whole problem?
The question should be is a large debt (for a country) as bad as it is if it's on your credit cards. If not, why not?
--
Never argue with an idiot. They drag you down to their level, then beat you with experience.
Anonymous
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StevieB
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| posted on 22/1/09 at 08:47 PM |
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Hmm, makes me a little more comfortable about my own small overdraft!
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D Beddows
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| posted on 22/1/09 at 09:07 PM |
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You may notice however that most of the generally recognised 'best countries to live in' for general standard of living and civil
liberties are at the bottom and most of the worst are nearer the top....... there are exceptions obviously like Holland and Germany but if you'd
rather go and live in Iran for example just because they seem to have a more few quid in the bank then best of luck to you! 
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iank
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| posted on 22/1/09 at 09:12 PM |
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Indeed, but people with £60k on their credit cards have had a much better time than those who pay them off every month, right up to the point the
debts get called.
--
Never argue with an idiot. They drag you down to their level, then beat you with experience.
Anonymous
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LBMEFM
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| posted on 22/1/09 at 09:17 PM |
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Fascinating, thanks for that
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JoelP
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| posted on 22/1/09 at 09:51 PM |
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the title of that list seems deceiving, as it is NOT current account balance. The definition at the bottom:
quote:
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.
Nothing to do with personal equity/liquidity.
[Edited on 22/1/09 by JoelP]
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l0rd
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| posted on 22/1/09 at 10:23 PM |
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And if you check on Greece, for 13million people, we are 158 out of 163. 
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mediabloke
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| posted on 22/1/09 at 11:15 PM |
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Must be a few months out of date - surely #135's a little more in the red than that... 
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Rek
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| posted on 23/1/09 at 07:53 AM |
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if you look at some of the other demographic figures, you will see we are actually a half decent place to be on them. we are a net producer of oil,
low infant mortality and reasonable growth. we import and export quite well.
lots to be happy with in fact....
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JoelP
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| posted on 23/1/09 at 08:04 AM |
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quote:
Originally posted by Rek
we are a net producer of oil...
blimey, thats a suprise.
Why the hell do we import and export loads if we produce roughly what we consume?
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oldtimer
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| posted on 23/1/09 at 08:08 AM |
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Wrong sort of oil! We need lots of the light stuff they produce in the Middle East.
In terms of interesting graphs, the same site gives the option of: Public debt (% of GDP) which makes better viewing.
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smart51
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| posted on 23/1/09 at 08:12 AM |
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quote:
Originally posted by Rek
we are a net producer of oil
Not for a while now, no. North sea production peaked a few years ago. Demand has been rising almost continually. We now import quite a lot more
than we export.
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whitestu
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| posted on 23/1/09 at 08:41 AM |
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It's mainly the countries that import a lot of stuff that are at the bottom. They can do so cos' they are wealthy.
It's like saying someone is better off in a mud hut in Zimbabwe with no mortgage than in a 5 bed in Hampstead with a big mortgage.
I know where I'd rather live!
Stu
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nick205
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| posted on 23/1/09 at 09:57 AM |
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quote:
Originally posted by StevieB
Hmm, makes me a little more comfortable about my own small overdraft!
Don't foget the ~£35-30k debt that good old Gordon's just saddled you with for the rest of your tax paying days (read life) 
Before the end of 2009 we will be discussing the prospect of 20%+ VAT, increased income tax, even more fuel duty and national insurance
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iank
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| posted on 23/1/09 at 10:19 AM |
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quote:
Originally posted by whitestu
It's mainly the countries that import a lot of stuff that are at the bottom. They can do so cos' they are wealthy.
...
Sorry that is complete rubbish, America's national debt (i.e. money they've borrowed, mostly from china) is currently standing at
$10,630,131,387,841
and rising at $3.36 billion per day
( http://www.brillig.com/debt_clock/ )
in the UK it's £697.5 billion or 47% of GDP
Or do you suggest that having a massive overdraft makes you wealthy?
--
Never argue with an idiot. They drag you down to their level, then beat you with experience.
Anonymous
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JoelP
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| posted on 23/1/09 at 11:47 AM |
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quote:
Originally posted by iank
quote:
Originally posted by whitestu
It's mainly the countries that import a lot of stuff that are at the bottom. They can do so cos' they are wealthy.
...
Sorry that is complete rubbish, America's national debt (i.e. money they've borrowed, mostly from china) is currently standing at
$10,630,131,387,841
and rising at $3.36 billion per day
( http://www.brillig.com/debt_clock/ )
in the UK it's £697.5 billion or 47% of GDP
Or do you suggest that having a massive overdraft makes you wealthy?
you're not making the same point as each other. Stu is saying that countries that are generating wealth can afford to import more.
The US isnt that badly off (comparitively) regarding national debt, according to this list:
http://www.indexmundi.com/g/r.aspx?t=0&v=143&l=en
I suppose you could argue that the US isnt generating enough wealth if its debt is rising so fast!
[Edited on 23/1/09 by JoelP]
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wilkingj
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| posted on 23/1/09 at 12:45 PM |
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Interesting!..
There was a programme on the TV a few weeks ago detailing the USA national debt since the USA was formed.
Normally I dont watch these financial progs.
However, this one was interesting.
They showed how the debts changed with the wars including the civil war, and how the changing administrations (and policies) made some large
fluctuations.
The interesting bit is that Bush has signed up some new medicare laws which will add billions to their debt and a few other things like Iraq and
Afghanistan.
The upshot was if they dont turn it around. The current trend will bankrupt the USA in less than 30 years, if they carry on as they are.
I think Obama has taken on a real pile of sh*te. If he pulls this off and turns the country around... he really will be a good President.
There was a gov't figure and golden rule of not taking the trade gap beyond about 40% of the gross Domestic Product.
The UK is somewhere near 47% and the USA was further up than that.
Its not really any different that one of us having debts of 47% of our total wages. Only except the figures are much larger.
ie say one of us on £50k and having a credit card debt of £23K.
IMHO.... Thats too much debt to have hanging around your neck.
1. The point of a journey is not to arrive.
2. Never take life seriously. Nobody gets out alive anyway.
Best Regards
Geoff
http://www.v8viento.co.uk
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Rod Ends
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 posted on 23/1/09 at 02:35 PM |
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A great video (really, not at all dull'n'worthy) with a great animated data presentation.
Debunking myths about the “third world”
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JoelP
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| posted on 23/1/09 at 04:04 PM |
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quote:
Originally posted by Rod Ends
A great video (really, not at all dull'n'worthy) with a great animated data presentation.
Debunking myths about the “third world”
that is actually fascinating, i was put off when i saw it was 19mins long but its quite gripping!
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