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The coming US Depression has an added dimension: “…a huge underclass of very desperate people with their minds chemically blown beyond anybody’s comprehension” which may fuel unprecedented unrest.

January 31, 2011 Comments off

by Tom Dennen

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 (all except Egypt at the bottom of the debt list) :

Notice the amazing entry at the bottom of this list (scroll down) taken from Gerald Celentes’ Trends Journal, the full report, 2011.The Current Account 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 Top_Ten_countries_External_debt-to-GDP_ratio._Same_list_has_names_of_countries_with_blood_in_their_streets._Whos_next?_by_Tom_Dennen October 2010).

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 Read more…