nothing new, by the way, from the news agency. i looked back at 2011, at the last time we had this problem, and on that occasion, they said the united states had kidnapped the global economy. >> okay. we know that china owns a lot of the u.s. debt. how would, heaven forbid this happ happens, we are hoping for the compromise to be worked out, but if a default were to happen, how would it affect china? >> that's the interesting and rather sardonic part about this. yes, they have $1.2 trillion worth of u.s. government securities, so they are to some extent in the same leaky boat as everybody else. to mix my metaphors beautifully, i'm not sure why if you're in a leaky boat, it behooves you to start throwing bricks if you're in a glass house. since they are affected. they are principal people who will be affected by any doubt in