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Right now we have a lot of heat. We have people using this for political purposes. If thats the way we in the United States and our close partners in europe come up with legislation, we will get it exactly wrong. At the wilson center, you are going to be doing a conference in about two days time on the post snowden period. One of the features we have seen on this, we have individual countries talking about walling off parts of their internet. Part of the exactly wrong. That was part of my question. What is the actual danger if that happens to intelligence gathering and also Internet Freedom . Lets start with edward snowden. Im hopeful is in 15 minutes are almost up. I thought his interview the other night was extremely revealing of is incredible personal arrogance and misguided approach to all this. Hes not a real whistleblower. It would be nice if there was evidence. It wou ....
I think its true that in general private sector firms really do care about reputational risk, dont want to deal with people that are involved with illicit finance. I think its also true that the work of tfi over this last set of years and sort of putting up the mirror and reminding people of this proposition and reminding them that theyre watching and that there are consequences to people who are insufficiently attentive to this set of things has been critically important in both reminding folks and sort of heightening their sensitivities because its not every private sector actor, certainly not globally. Certainly not in geographies, you know, near and far, that have over time given this sufficient attention. I think its the combination of it being in the economic interest of private sector entities and the work that tfi, david, and stewart, their colleagues, and others in the u. S. Government have done to help keep that kind of in the top of consciousness consistently that has been t ....
Attractiveness of the dollar as compared to other things, its also true that a lot of these regimes are pretty multilateral, so in those circumstances, it doesnt really create competitive advantages to the dollar. I would say more importantly, the basic dimensions of why the dollar is the worlds reserve currency, at least as far as my eye can see, are unlikely to go away, and in particular, since its a comparative judgment, because Something Else would have to replace the dollar as the worlds reserve currency, as far as my eye can see, i couldnt see Something Else being a meaningful competitor. You know, not what i would call short and intermediate time horizons. You think about the alternatives, the euro, as someone said earlier, steve hadley or tom donovan, it wasnt 18 months ago we were worried about whether the euro was done. I think lots of questions about contract sanct ....
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