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effectively been the currency of the world for our entire lifetimes. >> there was virtually no place in the entire globe you could go that would turn down a 20. andrew jackson's face beside the famous seal of the u.s.as treasury was probably america's best known expor best. from dar es to sri lankapost in to the smallest gold mining outpost, the amazon basin. >> every shopkeeper on earthco recognizgnizede a twenty dollar bill . >> the dollar wa.s universal and not just universal.ct inio commerce, though,ns tha the majority of international wered iny held ae conducte dollars, but univ...

>> after eighty nine when the ussr collapsed, we should weve restructured the deal. basically at that point we did d not. and instead we went nafta and we went to you know, you've got china in the wto, the net primarthat having the treasury bond is our primary reserve asset.rve asse no longer, no lon no longer is no longer the asset, in fact, has becomeal a threat to national security. >> exactly. it's wiser to export steel and automobiles and refrigerators and not debt. i think in retrospect. >> look, roman , i appreciate your analysis. thank you. so in doing that segment, kind of took a brea...