.essentially we're dealing with a huge global financial system. there's $26 trillion in convertible currencies. if you believe believe it, 1.6 quadrillion in the notional value of swaps. if you want to be an international company building large projects around the world, you have to be able to borrow large amounts of money. if the united states banks shrink while banks in canada to china grow, then these companies are going to borrow money in canada and china, and the jobs associated with these projects are going to go to canada and china, not to the united states. >> you say if. is this indeed what's happening right now? are we a shrinking global economy by comparison? >> the global financial system is growing. we are shrinking as part of it. in 1952 #, 88% of all currencies in the world were the dollar. today 18% is. there are more yen, yuan, the chinese currency, and