#CIA World Factbook

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. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.

In 2010, China had a “current account balance” of over 272 billion dollars, which was the largest in the world.

In 2010, the United States had a “current account balance” of negative 561 billion dollars. According to the CIA world factbook, that put us in last place in the entire world. In fact, our negative current account balance was more than 9 times larger than anyone else in the world. If you go check out this chart it will give you a really good idea of how nightmarish our trade situation has become.

The world is changing and nothing is ever going to be the same again. Just ask the residents of Boise, Idaho – they are about to have a 50 square mile self-contained communist Chinese city plopped right into their backyard.

NOTE: We are upside down at being number one. Our NEGATIVE ACCOUNT BALANCE IS 9 TIMES WORSE!