More Economic Freedom = Better Quality Of Life

What follows is a 2:27 video showing the relationship between economic freedom and quality of life.  What is drastically more important is the list of 191 nations that follows and the United States’ mathematical ranking on it.  I received the list in a email titled ‘Buckle Up’ which always tells me to place the barf bucket close to the desk before opening…

Economic Freedom & Quality of Life!

Are you ready? (And remember, this is a 2010 estimated amount…)

From WorldNetDaily.com:

AMERICA ON THE BRINK
CIA: U.S. finances at bottom of planet

You’ll flip when you see list of nations performing better

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:

Rank
countryCurrent account balanceDate of Information
1China
$ 272,500,000,000
2010 est.
2Japan
$ 166,500,000,000
2010 est.
3Germany
$ 162,300,000,000
2010 est.
4Russia
$ 68,850,000,000
2010 est.
5Norway
$ 60,230,000,000
2010 est.
6Saudi Arabia
$ 52,030,000,000
2010 est.
7Switzerland
$ 49,350,000,000
2010 est.
8Netherlands
$ 46,690,000,000
2010 est.
9Singapore
$ 44,080,000,000
2010 est.
10Taiwan
$ 39,000,000,000
2010 est.
11Kuwait
$ 38,200,000,000
2010 est.
12Korea, South
$ 36,350,000,000
2010 est.
13Malaysia
$ 34,140,000,000
2010 est.
14Nigeria
$ 27,770,000,000
2010 est.
15Venezuela
$ 22,070,000,000
2010 est.
16Sweden
$ 21,680,000,000
2010 est.
17Qatar
$ 20,110,000,000
2010 est.
18Hong Kong
$ 18,070,000,000
2010 est.
19Azerbaijan
$ 15,960,000,000
2010 est.
20Libya
$ 15,530,000,000
2010 est.
21Denmark
$ 14,350,000,000
2010 est.
22Thailand
$ 12,290,000,000
2010 est.
23Austria
$ 9,900,000,000
2010 est.
24Iran
$ 9,760,000,000
2010 est.
25Philippines
$ 9,510,000,000
2010 est.
26Indonesia
$ 8,532,000,000
2010 est.
27Brunei
$ 7,024,000,000
2008 est.
28Kazakhstan
$ 6,993,000,000
2010 est.
29Argentina
$ 6,976,000,000
2010 est.
30Israel
$ 6,269,000,000
2010 est.
31Macau
$ 6,230,000,000
32Uzbekistan
$ 5,588,000,000
2010 est.
33Finland
$ 4,696,000,000
2010 est.
34Algeria
$ 3,959,000,000
2010 est.
35Bangladesh
$ 3,734,000,000
2010 est.
36United Arab Emirates
$ 3,409,000,000
2010 est.
37Luxembourg
$ 3,396,000,000
2010 est.
38Trinidad and Tobago
$ 3,363,000,000
2010 est.
39Turkmenistan
$ 3,081,000,000
2010 est.
40Oman
$ 2,724,000,000
2010 est.
41Iraq
$ 2,715,000,000
2010 est.
42Angola
$ 2,089,000,000
2010 est.
43Latvia
$ 1,620,000,000
2010 est.
44Lithuania
$ 1,231,000,000
2010 est.
45Timor-Leste
$ 1,161,000,000
2007 est.
46Chile
$ 1,033,000,000
2010 est.
47Bolivia
$ 690,200,000
2010 est.
48Burma
$ 652,000,000
2010 est.
49Syria
$ 649,000,000
2010 est.
50Ukraine
$ 603,000,000
2010 est.
51Gabon
$ 591,000,000
2010 est.
52Bahrain
$ 589,000,000
2010 est.
53Cote d’Ivoire
$ 534,000,000
2010 est.
54Egypt
$ 270,000,000
2010 est.
55Estonia
$ 265,000,000
2010 est.
56Bhutan
$ 164,000,000
2008 est.
57British Virgin Islands
$ 134,300,000
1999
58Cook Islands
$ 26,670,000
2005
59Suriname
$ 24,000,000
2007 est.
60Palau
$ 15,090,000
FY03/04
61Comoros
$ 8,000,000
2007 est.
62Guinea-Bissau
$ -6,000,000
2007 est.
63Tuvalu
$ -11,680,000
2003
64Bulgaria
$ -12,800,000
2010 est.
65Kiribati
$ -21,000,000
2007 est.
66Tonga
$ -23,000,000
2007 est.
67Samoa
$ -24,000,000
2007 est.
68Micronesia, Federated States of
$ -34,300,000
FY05 est.
69Iceland
$ -42,000,000
2010 est.
70Anguilla
$ -42,870,000
2003 est.
71Vanuatu
$ -60,000,000
2007 est.
72Sierra Leone
$ -63,000,000
2007 est.
73Dominica
$ -72,000,000
2007 est.
74Sao Tome and Principe
$ -73,000,000
2010 est.
75Central African Republic
$ -77,000,000
2007 est.
76Cuba
$ -87,000,000
2010 est.
77Gambia, The
$ -90,000,000
2010 est.
78Zambia
$ -99,000,000
2010 est.
79Papua New Guinea
$ -99,000,000
2010 est.
80Lesotho
$ -125,000,000
2010 est.
81Burundi
$ -136,000,000
2010 est.
82Grenada
$ -138,000,000
2007 est.
83Solomon Islands
$ -143,000,000
2007 est.
84Saint Vincent and the Grenadines
$ -149,000,000
2007 est.
85Belize
$ -151,000,000
2010 est.
86Saint Kitts and Nevis
$ -163,000,000
2007 est.
87Mauritania
$ -184,000,000
2007 est.
88Namibia
$ -187,000,000
2010 est.
89Laos
$ -195,000,000
2010 est.
90Saint Lucia
$ -199,000,000
2007 est.
91Kyrgyzstan
$ -210,000,000
2010 est.
92Antigua and Barbuda
$ -211,000,000
2007 est.
93Eritrea
$ -212,000,000
2010 est.
94Liberia
$ -224,000,000
2007
95Barbados
$ -254,000,000
2007 est.
96Bahamas, The
$ -283,200,000
2009 est.
97Cape Verde
$ -286,000,000
2010 est.
98Guyana
$ -311,000,000
2010 est.
99Malawi
$ -315,000,000
2010 est.
100Niger
$ -321,000,000
2007 est.
101Macedonia
$ -328,000,000
2010 est.
102Tajikistan
$ -330,000,000
2010 est.
103Togo
$ -339,000,000
2010 est.
104Seychelles
$ -351,000,000
2010 est.
105Djibouti
$ -352,000,000
2009 est.
106Malta
$ -362,800,000
2010
107Swaziland
$ -374,000,000
2010 est.
108Uruguay
$ -377,000,000
2010 est.
109Mongolia
$ -378,800,000
2010 est.
110Paraguay
$ -391,000,000
2010 est.
111Guinea
$ -434,000,000
2010 est.
112Mali
$ -446,000,000
2007 est.
113Nepal
$ -449,000,000
2010
114Maldives
$ -463,000,000
2010 est.
115Burkina Faso
$ -486,000,000
2010 est.
116Rwanda
$ -489,000,000
2010 est.
117Fiji
$ -507,000,000
2007 est.
118Botswana
$ -552,000,000
2010 est.
119Moldova
$ -565,000,000
2010 est.
120Congo, Republic of the
$ -569,000,000
2010 est.
121Benin
$ -582,000,000
2010 est.
122Slovenia
$ -598,000,000
2010 est.
123Madagascar
$ -600,000,000
2010 est.
124Ecuador
$ -692,000,000
2010 est.
125Haiti
$ -781,000,000
2010 est.
126Uganda
$ -784,000,000
2010 est.
127Nicaragua
$ -819,000,000
2010 est.
128Cameroon
$ -826,000,000
2010 est.
129El Salvador
$ -907,000,000
2010 est.
130Cambodia
$ -918,000,000
2010 est.
131Mauritius
$ -949,000,000
2010 est.
132Jordan
$ -975,000,000
2010 est.
133Mozambique
$ -1,028,000,000
2010 est.
134Serbia
$ -1,046,000,000
2010 est.
135Senegal
$ -1,046,000,000
2010 est.
136Honduras
$ -1,048,000,000
2010 est.
137Montenegro
$ -1,102,000,000
2007 est.
138Belgium
$ -1,129,000,000
2010 est.
139Armenia
$ -1,138,000,000
2010 est.
140Bosnia and Herzegovina
$ -1,175,000,000
2010 est.
141Albania
$ -1,245,000,000
2010 est.
142Guatemala
$ -1,345,000,000
2010 est.
143Costa Rica
$ -1,349,000,000
2010 est.
144Jamaica
$ -1,382,000,000
2010 est.
145Tunisia
$ -1,389,000,000
2010 est.
146Georgia
$ -1,404,000,000
2010 est.
147Kenya
$ -1,414,000,000
2010 est.
148Congo, Democratic Republic of the
$ -1,470,000,000
2010 est.
149Equatorial Guinea
$ -1,477,000,000
2010 est.
150Zimbabwe
$ -1,503,000,000
2010 est.
151Tanzania
$ -1,523,000,000
2010 est.
152Sri Lanka
$ -1,784,000,000
2010 est.
153Ghana
$ -1,871,000,000
2010 est.
154Slovakia
$ -1,930,000,000
2010 est.
155Hungary
$ -2,128,000,000
2010 est.
156Yemen
$ -2,181,000,000
2010 est.
157Ethiopia
$ -2,232,000,000
2010 est.
158Croatia
$ -2,312,000,000
2010 est.
159Peru
$ -2,315,000,000
2010 est.
160Afghanistan
$ -2,475,000,000
2009 est.
161Cyprus
$ -2,500,000,000
2010 est.
162Panama
$ -2,523,000,000
2010 est.
163Sudan
$ -2,595,000,000
2010 est.
164Chad
$ -2,600,000,000
2010 est.
165Pakistan
$ -2,641,000,000
2010 est.
166Kosovo
$ -2,716,000,000
2010 est.
167Ireland
$ -3,191,000,000
2010 est.
168Dominican Republic
$ -3,862,000,000
2010 est.
169New Zealand
$ -4,504,000,000
2010 est.
170Belarus
$ -5,062,000,000
2010 est.
171Colombia
$ -5,946,000,000
2010 est.
172Czech Republic
$ -5,956,000,000
2010 est.
173Lebanon
$ -6,972,000,000
2010 est.
174Mexico
$ -7,000,000,000
2010 est.
175Morocco
$ -7,922,000,000
2010 est.
176Romania
$ -7,934,000,000
2010 est.
177Vietnam
$ -12,220,000,000
2010 est.
178Poland
$ -12,330,000,000
2010 est.
179South Africa
$ -16,510,000,000
2010 est.
180Greece
$ -17,100,000,000
2010 est.
181Portugal
$ -19,030,000,000
2010 est.
182India
$ -26,910,000,000
2010 est.
183Australia
$ -35,230,000,000
2010 est.
184Turkey
$ -38,820,000,000
2010 est.
185Canada
$ -40,210,000,000
2010 est.
186United Kingdom
$ -40,340,000,000
2010 est.
187Brazil
$ -52,730,000,000
2010 est.
188France
$ -53,290,000,000
2010 est.
189Italy
$ -61,980,000,000
2010 est.
190Spain
$ -66,740,000,000
2010 est.
191United States
$ -561,000,000,000
2010 est.

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.

Join the “No More Red Ink” campaign today and send letters to all 240 House Republicans on the issue of outrageous American debt today.

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.”

Topping the list on the positive side is China, with an account balance of $272 billion. It’s followed by Japan, Germany, Russia and Norway.

Rounding out the top ten are Saudi Arabia, Switzerland, the Netherlands, Singapore and Taiwan.

Besides the U.S. and Spain at the bottom of the list, the remainder of the worst ten are Italy, France, Brazil, United Kingdom, Canada, Turkey, Australia and India.

Greece, which has been making headlines for its financial problems for months and has seen economic-related violence escalate in recent days, is ranked at 180 with an account balance of negative $17 billion.

The U.S. is not at the bottom of every CIA list. In fact, it’s ranked No. 1 in the world when it comes to external debt.

With a whopping $13.98 trillion as of June 2010, the U.S. holds the dubious distinction of top debtor, just ahead of the European Union, whose debt is listed at $13.72 trillion.

(H/T BB)

See what happens when the bankers and the political class run everything for 120 years?

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