triple-a nations

Update Decmber 9 - 4 countries (mainly Britain, and perhaps Hungary, and  Czech Republic and Sweden)  refuse to join other 23 in Euro mayhem. Why does the fatal conceit of rating agencies whose incompetence and badwill fuelled the sub-prime crisis continue to spin nation's futures at the cost of youth and investing in growth. The EU is dead - long  live the Entrepreneurial Union- with thanks to associate journalists for humanity at microcredit.tv, erworld.tv, wholeplanet.tv, worldeconomist.net. worldclassbrands.tvand trilliondollaraudit.com  - chris.macrae@yahoo.co.uk Washington DC hotline 1 301 881 1655

The Euro is dead - or needs to be if youth are ever to work again - because of a very stupid consequence of media glorifying politicians. Europe's politicians have become prisoners to speculator blackmail. The punchline is if you let one nation off from paying its debt we (speculative global's stinking rich) will tar all nations of Europe with the same dis-trust. More than that we will pick out any nation economy that has an unusual profile and start speculative runs against it. Italy is not Greece. If Greece wants to leave the Euro , there should be no pretence that it will come back for decades. That way Euronations can prove the debt failure of Greece has no more correlation with Euro-nations failing to pay their debt than any nation on earth. 

Actually Greece has no need to leave the Euro if its youth sort out there problems with being ripped off by the elder generation. This keeps far more than the debt hidden away in Greek churches non-church businesses. Moreover staff of these churchs are part of the pension ponti scheme that elders of the over-big government of Greece has been hoarding for years as if there is no tomorrow (for youth). Never in living memory have a group of elder Europeans so disinvested in their next generation. However if Greeks actually want to keep this culture then of course they should exit the European Union.

Youth of Greece may also learn from Ecuador which had a similar problem a few years ago and where youth have been empowered by an entrepreneurial revolution - codename debtocracy

Some of this is a tad over-simplified, but isnt it stargne how the real stpries of macro-economic fatal conceit dont get a voice on your nightly news.

Its time for euro politicians to stop playing the childrens game of parcel the debt parcel- the 4 ways to get rid of debt are to sell something (eg countries' land) or grow or inflate or penalise that who bought the debt 

november g20 summit cannes - yet again serious issues like worldwide food security have been relegated by firefighting over crises causes by macroeconomics fatal conceit;

related issues end:  off shore meddlers and swiss secret banking

latest gos on economics in meltdown

Tellingly, too,  Clinton said one of the real tragedy of Wall Street's rule of 21st C is half a generation of brightest americans have been spent on compounding finacial risk instead of innovating future needs such as green energy- indeed every quality innovation the world needed the iggest nation to take longest responsibility for uniting teh world round, the USA driven by macroeconomic errors has been prone to extrnalise and shortThese are the other nations that began August 2011 with official AA Retaings - which do you agree with giving youth most productive possible futures and which are governed by politicians and finaciers leading to a lot less

read the story on 24/7 wall st.

Australia population of 21.5 million, an $882.4 billion
> gdp per capita: $40K
faced pressure from floods earlier this year, but the country is rich in natural resources that have to be used to build the world whenever the economy rises again.  gdp in 2010 projections, vast resource reserves, lower labor costs, and a low unemployment rate Its public debt for 2010 was only projected to be 22.4% of gdp.

2. Canada population is under 34 million, its gdp is about $1.33 trillion
> gdp per capita: $39K
deep trading ties to the u.s. ; Canada has vast natural resources and its citizens mostly avoided the real estate and debt bubble that hurt the u.s. the , and public debt at the end of 2010 was a mere 34% or projected gdp. .

3. Denmark  population of just over 5.5 million. Revised gdp data was put at $201.7 billion
> gdp per capita: $36K a well educated population. The nation has a large dependence on foreign trade for goods and services and a small. had a surplus in its balance of payments before the government started spending to drive the economy. Its high property prices are a concern, as is a slowing trade environment. . The country has kept the danish kroner rather than officially joining the euro. Low birth rates, an aging population, taxation, immigration trends, and climate change are all risks for the small country longer-term However, denmark has a sub-5% unemployment rate and a 2010 debt to gdp of only 46.6%.  Country prone to least useful attitude (eg unwise cartoons on others religions) to helping celebrate cross-culotural developing world of nordica countries

read: states where people pay the most (and least) in taxes

4. Germany With a population of 81.4 million and having the no.5 global economy, . Gdp was $2.94 trillion
> gdp per capita: $36K (note this would be much higher if West Germans hadnt shared their nation with East Germans)

since world war 2 has had huge advantage of not spending 25% of its people's money on arms and army races;

germany cannot avoid leading the eurozone bailouts with what is now just an undervalued deutsche mark. the euro is the greatest fatal conceit invented by macroeconomists- it canjt help sustain a diverse europe growing in different ways, and german youth need to know how much of their future is being spent on such waste; germany is the first large nation to commit to ending cuclear within a decade - thriving zereo carbon economic innovations can ge a great focus for investment

 in 2010 and its unemployment rate is healthy for a european nation. It also has a highly skilled labor force. The growing pains of absorbing east germany are behind it and the ratings agencies bring no quarrel with its triple-a rating. Budget deficits, subsidies, tax cuts, aging population trends, immigration and the obvious leadership in eurozone bailouts do pose a risk. Still, public debt is tolerable at 78.8% of 2010 gdp. While any continued spending would pose longer-term risks, our take is that germany will keep a triple-a rating longer than most nations.

5. Holland
> gdp per capita: $40K  16.8 million and gdp is roughly $676.9 billion.
holland, or the netherlands, is in better shape than many eurozone countries. Its population is nearly  A solid labor force, a surplus to its current account, and strong global industry all make it appear better than many eurorzone sister nations. High-tech exports, financial firms dominance, and its trade are all lags. Budget deficits were high at 4.6% of 2009 targets and 5.6% of gdp in 2010 per earlier cia data this year. Public debt is now projected at 64.6% of gdp 

A secure future unless climate change plays havoc on this low lying country that is dependent on levies to hold back the sea

6. Norway Gdp is highly dependent on the price of oil and was about $255.3 billion,4.7 million people
> gdp per capita: $52K
The nation is rich in resources and one of the winners of telecoms age part 1  .  and unemployment remains very low.  Public debt was 47.7% of gdp. Norway is just about self-sufficient even if the climate of ‘welfare capitalism’ exists with close to 50% of exports being in oil. It also has the world’s second largest sovereign wealth fund valued at more than $500 billion. Like most "cold" climates has extremely cooperative peoples and culture - needs to find right way yo get over culture shock of tragic july 2011 madman.

read: the 9 foods the government is paying for you to eat

7. Singapore  population is tiny at 4.74 million and its revised gdp is $291.9 billion.

> gdp per capita: $56k singapore is the sole southeast asian nation with a solid triple-a rating.

Most exciting model of second half of 20th century of a nation under 5 million -also makes one wonder what is optimal size of nation in a borderless age; close analysis is needed of how much of national growth came from laundering neighbours excesses but what is truly imspiring about singapore is how many service and network industries it has trailblazed leadership in. The China relationship of mainland, singapore and hong kong needs continuous detailed tracking.
investors consider singapore the safest place today for asia.  . Public debt is artificially high at 102.4% of gdp but that is a government tie of the central provident fund. Imagine this for austerity measures: singapore has actually not borrowed to finance any government deficits since the 1980s. .

8. Sweden> gdp per capita: $38K nearly 9.1 million people. Gdp was $354.7 billion per revised 2010 cia data
sweden is the largest of scandinavian nations -seized opportunity of raccing to be a leading netgen country when celebrating 1993 national debate of Norman Macrae's Den Nye Vikingen. . Public debt in 2010 was 40.8% of gdp, low for europe and scandinavia. The nation was also not wrecked by world war ii due to its neutral-nation status.  the country does rely heavily on exports;

9. Switzerland population of just over 7.6 million and 2010 revised gdp of about $324.5 billion
> gdp per capita: $41K

worldwide youth will start to have a productive future when the swiss currency starts falling - .  The mountain nation has low unemployment ; public debt is still at 38.2% per revised 2010 data; its taxation is rather low; its healthcare system is a blended mechanism; there are barriers to getting citizenship; and a sensible retirement model . The world can drive itself to hell, and switzerland dominates.

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Austria > gdp per capita: $40K population  8.2 million and its 2010 gdp was roughly $332
Its business ties to the lands of the pigs ( Portugal, Italy, Greece, and Spain) and to eastern europe hurt its balance sheet.  The 2010 public debt ratio was 70.4% of gdp. Ties to Germany have been Austria's historic advantage.. The EIU said, even before the latest waves of weakening in trading partner nations, that austria needs to continue restructuring, emphasizing knowledge-based sectors, move to greater labor flexibility, and grow labor participation to offset unemployment and aging trends and low fertility rates. By conventional ratings Austria has a lot of vulnerability but its culture is very community and family grounded - we doubt that it will destroy its youths futures

read: america's 10 sickest housing markets

Finland about 5.25 million people. It has a gdp of roughly $186 billion
> gdp per capita: $35K
. It has a large landmass and a small population of , a higher unemployment rate today, and a deep reliance on trade. Its precious technology sector is suffering with nokia’s decline and the cia factbook noted that general government finances will remain in deficit during the next few years. Being rich in timber today does not weigh as much as being reliant entirely on imports of energy, raw materials, and many components for manufacturing. While 2010 debt to gdp was only 45.4%. Another country that conjventional ratings may find bleak but extremely unlikely to disinvest in youths futures.

 . France> gdp per capita: $34K population is now about 65.3 million and gdp was ranked as no.10 in the world at $2.145 trilli

france is second to Gremany in big brother status in the euro but historically it has always wagged the EU's tail - will it really waste as much of its youth's futures subsidising Euro rot? . France actually withstood the recession better than many other nations by rediscovering youth's entrepreneurial spirit- a recodrd 650000 starts ups in 2010. But the cia data showed that budget deficit rose from 3.4% of gdp in 2008 to 7.8% of gdp in 2010 with its public debt going from 68% of gdp to 84% over the same period. . Its banks also own substantial u.s. debt. . Pension reform, tax reform, demographics, immigration, a high degree of exposure to bailouts, pose France similar chalengtes to USA with the exception that French economists are ahead of the curve in transforming from macroeconomics to microeconomics. France isnt entirely out of future risk with its world leadership of nuclear one of its questionable industries, as may be its arms dealing realtionships. On the positive side France could help innovate a loot in Africa and it knows how to re-edit many of the EU's most unsustainable rules having done most to legislate them. Most positive of all is france love of healthy food, drink at deep community levels, and its people's grounded humor in making their own joie de vie may yet be the best tonic as the Euro collapses. Its media also provide today's best world service out of Europe on most social business challenges. The French language is probably intrinsically smarter to debate economics in than the america's world business language.

4. United kingdom
> gdp per capita: $35K populationnabout 62.7 million and its revised gdp figure was $2.17 billion.
classically UK has kept  triple-a rating since ratings were initiated. The third largest economy in europe after germany and france has a population of. The Brits were one of the worst suffereres (and perhaps conspirators in wall street's capital destruction) though they have the saving grace of their own currency's flexibility..  With coal, natural gas, and oil resources, reserves are declining and it is now a net importer of energy.

The u.k.’s revised public debt to gdp was left at 76.5%.