Friday, October 17, 2008

America's No. 1 Export

This is what the "TIME" magazine had to say on October 6, 2008:

"Japan and Germany make cars. Saudi Arabia pumps oil. China supplies the world with socks and toys and flat-screen TVs. What does the United States produce? Lots of stuff, but in the recent years its No. 1 export -- by far -- has been debt."

And that explains a lot about why things are such a mess right now...

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