Wot's deconstruction??
The IMF has already performed (Q: when? If one feels up for another surprise) a complete audit of the United States banking system/Federal Reserve.
The (first) significance is that audits by the IMF are (or were, rather) something which they have had only previously done to broke third world nations.
One would ask for the definition of a "broke third world nation" . Well the International Monetary Fund considers a nation-state with a total debt-to-GDP ratio of 200 percent or more to be a "de-constructed Third World nation-state."
As per Al Martin:
What "de-constructed" actually means is that a political regime in that country, or series of political regimes, have, through a long period of fraud, abuse, graft, corruption and mismanagement, effectively collapsed the economy of that country.
This is where thing get cute. Mostly from the CIA World factbook. (and the beauty of cut and paste).
Rank | Country - Entity | External debt (millions US$) | Date of information | External debt per capita (US$) | Date of population* | External debt (% of GDP) |
|---|---|---|---|---|---|---|
| 1 |  United States[4] | $13,399,859 | 6/30/2009 | $43,646 | 30-July-09 | 94% |
| 2 |  United Kingdom[5] | $9,191,104 | 12/22/2009 | $150,673 | November 2009 | 365.44% |
| 3 |  Germany | $5,208,000 | 6/30/2009 | $63,350 | 30-Jun-07 | 185.2% |
| 4 |  France | $5,021,000 | 6/30/2009 | $76,718 | 1 January 2010 | 227.35% |
| 5 |  Spain | $2,478,000 | 9/30/2008 | $49,619 | 30 June 2007 est. | 150.65% |
| 6 |  Luxembourg | $1,994,000 | 6/30/2009 | $3,970,514 | 2010 est. | 4,973.68% |
| 7 |  Ireland | $1,841,000 | 6/30/2007 | $448,032 | 30-Jun-08 | 960.86% |
| 8 |  Japan | $1,492,000 | 6/30/2007 | $4,528 | 30-Jun-07 | 34.93% |
| 9 |  Switzerland | $1,340,000 | 6/30/2007 | $174,520 | 30-Jun-07 | 441.95% |
| 10 |  Belgium |
The United Stated look pretty good , unless one follows Al Martin , and his newsletter which in April 2005 stated that the ratio of total U.S. debt to gross domestic product (GDP) actually rose from 78 percent in 2000 to 308 percent in April 2005. This in 2005...
On the plus side, if everyone is in a banana republic, then no one is in a banana republic...
On the minus side, everyone is in a banana republic, without the bananas....
Footnotes:
1. The current official debt-GDP ratio for 2010 is 94.27% [usgovernmentspending.com]
2. (Al Martin is a former contributor to the Presidential Council of Economic Advisors and retired naval intelligence officer - he is NOT a Bush fanboy.)
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