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 acount 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.
See also
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).
The following is from LIVELEAK.COM Click here for the source material.
The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting a revolution in America, food riots and tax rebellions - all within four years, while cautioning that putting food on the table will be a more pressing concern than buying Christmas gifts by 2012.
Gerald Celente, the CEO of Trends Research Institute, is renowned for his accuracy in predicting future world and economic events, which will send a chill down your spine considering what he told Fox News this week.
Celente says that by 2012 America will become an underdeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job marches, and that holidays will be more about obtaining food, not gifts.
"We're going to see the end of the retail Christmas... we're going to see a fundamental shift take place... putting food on the table is going to be more important than putting gifts under the Christmas tree," said Celente, adding that the situation would be "worse than the great depression."
"America's going to go through a transition the likes of which no one is prepared for," said Celente, noting that people's refusal to acknowledge that America was even in a recession highlights how big a problem denial is in being ready for the true scale of the crisis.
Celente, who successfully predicted the 1997 Asian Currency Crisis, the subprime mortgage collapse and the massive devaluation of the U.S. dollar, told UPI in November last year that the following year would be known as "The Panic of 2008," adding that "giants (would) tumble to their deaths," which is exactly what we have witnessed with the collapse of Lehman Brothers, Bear Stearns and others.
He also said that the dollar would eventually be devalued by as much as 90 per cent. The consequence of what we have seen unfold
this year would lead to a lowering in living standards, Celente predicted a year ago, which is also being borne out by plummeting retail sales figures.
The prospect of revolution was a concept echoed by a British Ministry of Defence report last year, which predicted that within 30 years, the growing gap between the super-rich and the middle class, along with an urban underclass threatening social order would mean, "The world's middle classes might unite, using access to knowledge, resources and skills to shape transnational processes in their own class interest," and that, "The middle classes could become a revolutionary class."
In a separate recent interview, Celente went further on the subject of revolution in America . "There will be a revolution in this country," he said. "It ' s not going to come yet, but it's going to come down the line and we ' re going to see a third party and this was the catalyst for it: the takeover of Washington, D.C., in broad daylight by Wall Street in this bloodless coup. And it will happen as conditions continue to worsen."
"The first thing to do is organise with tax revolts. That's going to be the big one because people can't afford to pay more school tax, property tax, any kind of tax. You're going to start seeing those kinds of protests start to develop."
"It's going to be very bleak. Very sad. And there is going to be a lot of homeless, the likes of which we have never seen before. Tent cities are already sprouting up around the country and we're going to see many more."
"We're going to start seeing huge areas of vacant real estate and squatters living in them as well. It's going to be a picture the likes of which Americans are not going to be used to.
It's going to come as a shock and with it, there's going to be a lot of crime. And the crime is going to be a lot worse than it was before because in the last 1929 Depression, people's minds weren't wrecked on all these modern drugs, over-the-counter drugs, or crystal meth or whatever it might be..
So, you have a huge underclass of very desperate people with their minds chemically blown beyond anybody's comprehension."
The George Washington blog has compiled a list of quotes attesting to Celente's accuracy as a trend forecaster.
"When CNN wants to know about the Top Trends, we ask Gerald Celente." - CNN Headline NewsSo there you have it - hardly a nut job conspiracy theorist blowhard now is he? The price of not heeding his warnings will be far greater than the cost of preparing for the future now.
"Gerald Celente has a knack for getting the zeitgeist right." - USA Today
"There's not a better trend forecaster than Gerald Celente. The man knows what he's talking about." - CNBC
"Those who take their predictions seriously ...consider. Gerald Celente and the Trends Research Institute." - The Wall Street Journal
"Gerald Celente is always ahead of the curve on trends and uncannily on the mark ... he's one of the most accurate forecasters around." - The Atlanta Journal-Constitution
"Mr. Celente tracks the world's social, economic and business trends for corporate clients." - The New York Times
"Mr. Celente is a very intelligent guy. We are able to learn about trends from an authority." - 48 Hours, CBS News
"Gerald Celente has a solid track record. He has predicted everything from the 1987 stock market crash and the demise of the Soviet Union to green marketing and corporate downsizing." - The Detroit News
"Gerald Celente forecast the 1987 stock market crash, 'green marketing,' and the boom in gourmet coffees." - Chicago Tribune
"The Trends Research Institute is the Standard and Poor's of Popular Culture." - The Los Angeles Times
"If Nostradamus were alive today, he'd have a hard time keeping up with Gerald Celente." - New York Post
Storable food and gold are two good places to make a start.
Maddof was a detail, A tsunami is coming :
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