WHAT IS THE POOREST COUNTRY OF THE WORLD ?

[libellule]

SamuelRSmith said:

libellule said:

SamuelRSmith said:

libellule said:

Lostplanet22 said:

libellule said:

but it is an account ? if it is negative it means you are .... poor because you have money to give back to someone ???

Us citizen rents 200.000$ to buy a house.
Tunesiant Citizen rents 10.000$ to buy a house..

Does that make the Us citizen more poor???

Debt has hardly anything to do about being poor.  Having debt means that you need to cut some of your expenses if it is not possible to pay it back.

citizen are poor or not, sure, I see what u mean

but US, as a whole, is poor IMO

That's not an opinion, it's a misunderstanding.

but, if the balance is negative, it means the country is losing money right ? so in term of economy ... it is a poor country in a way ?

Well, i m guessing I should say "unbalanced" country ?

If you're still referring to the table you posted, that is not the country losing money, as it will return to 0. That's basic fact.

 If you're referring to the Government debt, yes, that is a nasty business. And, yes, depending on how much of that debt is held by foreign investors, there will be a transfer of wealth... but it's by no measure enough to make the country "poor", it's still the richest country in the4 world.

hum ...well, all is linked to the return to "0" that clealry is just a prediction at that moment (even if you seem to think it is a fair one).

but, I m more interested by what you said after : according to me, the debt is direclty linked to the account balance I posted because a negative account balance means a need of cash, which means a bigger debt IMO.

After, about the "poor" word, well, It was meant to be provocative (my first thread didnt have this world I think).
But I thought it was still relevant because if me I have a negative account then ... I m poor.
Why not applicate it to the countery as a whole ?