I was looking at my friend’s signature and I saw this link and he marked it as interesting read so I decided to have a look.
The author of that post is THOMAS L. FRIEDMAN who is travelling around the world as he is writing a book and he recently wrote something quite interesting.
We’re borrowing money to shore up our banks from city-states called Dubai and Singapore.
How could this be? We are a great power. How could we be borrowing money from Singapore? Maybe it’s because Singapore is investing billions of dollars, from its own savings, into infrastructure and scientific research to attract the world’s best talent — including Americans.