Specifically, over the past decade or so, we have seen many countries outside the United States increase their saving by a very large amount, while at the same time, the United States has reduced its saving and has become increasingly reliant on foreign borrowing. The origins of the increased saving outside the United States are many and varied.
The Ouzel Galley, illustrated on the seal on display in the adjacent room, was an Irish merchant ship that set sail from Dublin in 1695 en route to the port of Smyrna in the Ottoman Empire. The ship did not return as scheduled within the following year. After a further two year period with no sightings, she was presumed lost.