Tuesday, April 12th, 2005

America’s debt is being floated by Asia


According to an article in the New Yorker, the only reason the American economy isn’t going down the toilet is that China and Japan are buying up the dollar so America can keep buying their stuff. That’s a system that just can’t last.

Warren Frey is a journalist, freelance writer, podcaster, video producer, and all-around media consultant currently based in Vancouver, Canada. His written work has appeared in such publications as Metro Vancouver, the Westender, Mac | Life and the Japan Times.

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