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We're the richest country in
terms of per capita income in the world.

Oh, yeah?

Not even in the Top Ten !

You see, it appears that [Australia is], on a per capita basis the world's richest nation with every Australian man, woman and child being a (Australian dollar) millionaire.

Here are the World Bank stats of the richest nations:

1 Australia US$835,000
2 Canada US$704,000
3 Luxembourg US$656,000
4 Switzerland US$642,000
5 Japan US$563,000
6 Sweden US$491,000
7 Iceland US$486,000
8 Qatar US$472,000
9 United Arab Emerates US$469,000
10 Denmark US$461,000

What bilge. Discount that silly table against hard forex rates, or better yet against gold, platinum, or oats ftm and you'll get a real table.

No, I'm not a gold bug. H*ll's bells, I'm short a bunch of calls, but it would difficult to produce a sillier comparison.

"With a population of only 18 million in a country the size of the United States of America the World bank have come up with some pretty amazing statistics based on the wealth of Australia's national resources. You see, it appears that we are, on a per capita basis the world's richest nation with every Australian man, woman and child being a (Australian dollar) millionaire."

You do understand that to arrive at the top ten list of "wealthiest" per capita nations that you were suckered into quoting above in this thread, that the World Bank gave an arbitrary price to each square mile of land, multiplied that price by the geographic size of the country, and then divided that number by the population of that nation.

In other words, those figures are useless guesses at what people in those nations would be worth if they were all given an equal share of all of the land in their own country, and if the land was actually worth the arbitrary price as guessed at by the World Bank.

NOTE: none of that has ANYTHING to do with real per capita income.

The U.S. is the richest overall, and richest per capita nation (your World Bank musings to the contrary).