CIA: U.S. finances at bottom of planet
The United States ranks last among all nations in the world when it comes to its current account balance, astronomically lower than every other economy, the CIA reports.
According to the most recent figures in the CIA World Factbook, America sits at the bottom of 191 nations, with a listed account balance of an astonishing negative $561 billion.
The chart from the CIA can be seen here:
The next closest nation to the U.S. is Spain, and though it’s ranked at No. 190, its account balance is negative $66 billion, far less than the American figure.
The CIA defines current account balance as “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.”
Read More at WND by Joe Kovacs, WorldNetDaily
