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A vast majority of it sits inside our own federal reserve. people say oh, my god, we borrow all our money from china, that's not true. second is, china is completely dependent opt united states' market for its trade surplus. if you took away the u.s. market, china would be running a massive trade deficit. how does that happen in the currency rigging they addressed. the tariffs. >> but only mildly. the president brought it up in private and at this the news conference but the situation is unchanged. >> completely unchanged. the president's rhetoric was perfect in that he acknowledged the curren...

With to overt the crisis, is that correct? >> absolutely. if we don't deal with currency rigging in china, we won't create the jobs we need in america. and the small and medium sized businesses that create all the jobs in the country. you know, the president has been very interested in helping wall street banks. you just did a segment about it. but not much for main street. that needs to be done. >> professor, thank you so much for your time and analysis. thank you. speaking of looking for a job lebron james is looking for a new gig. where he will land? the man is on the market. how much will ...

Loans. you see what happens. a lot of jobs are being destroyed by imports from china. the president made his best effort to negotiate with china. that's largely failed. i would tax it to essentially raise the price of chinese goods in the united states. so that american goods can compete. >> what about corporate forecasts? they make so much more money using slave labor out of china. >> i want to make that less profitable. >> that sounds un-american. profits are the thing. if you can use slaves to make money, why would you pay people? >> well, they're going to go where it's the most profitable ...

Housing and for me we have a structural problem which is that we're taking out this partially because china is exporting unemployment to us through currency rigging and partially because we've got special interests in our own country that are at the government. so i've game rigging in the u.s. by banks and others and pharmaceutical companies. pick them. i don't want to compete on a flat field and china doing the same thing and weakest in our society pay the price and rest of us swim around in the middle. how do you look at this? >> one of the answers to this is two words we don't hear much whi...

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