armen tenge threatened it with being thrown back into the stone age. -- armitage threatened. it is very hard for most western minds to put your head around. it is today very much at war with parts. this is a serious conflict. the attacks demonstrate that this war is not going particularly well with the pakistani army. if it's set -- if it spreads south, it may feel an economic deathblow to pakistan. why does pakistan have such a complex relationship? because of its obsession with india. the army believes and has believed for 60 years that asymmetric warfare is part of its tactics for defeating the indians. it has not succeeded. it has not worked. his view remains deeply entrenched in significant parts of the officer corps and elite. in short, the state of afghanistan could not be greater. the future of al qaeda, of the nato alliance, of possibly nuclear war and peace in south asia, all of these issues are coming together. on the 27th of march, obama focused american forces in the combat zone on disrupting, dismantling, and defeating al qaeda and destroying the sanctuary along

. >> armen, i want a come back to you and start -- look at the question of when that starts to matter. put it in the context -- you threw out security concerns. presumably meant china. when you talk about national concern -- security concerns. in the financial media, we have been focusing on the dollar weakness. that is obviously playing in to u.s. influence but somewhat of a positive in that you see american goods being purchased and helping to be purchased outside of these wars. how do you balance that? >> i have to answer the no. question, right? >> are you ready now? the less i think alice's 60% number -- internationally, it is the norm. the imf has given its stamp of proposal -- of approval, but here is the experiment i like to conduct. >> did you not used to work at the imf? you don't think it is necessarily a good thing. >> not necessarily. here's a thought experiment. supposing we had started this crisis, and went into this crisis at 60% of debt to gdp, and we've added 40% over this. one under% of gdp -- that would spook market psychologically. the other contrast is that i hav

armen tenge threatened it with being thrown back into the stone age. -- armitage threatened. it is very hard for most western minds to put your head around. it is today very much at war with parts. this is a serious conflict. the attacks demonstrate that this war is not going particularly well with the pakistani army. if it's set -- if it spreads south, it may feel an economic deathblow to pakistan. why does pakistan have such a complex relationship? because of its obsession with india. the army believes and has believed for 60 years that asymmetric warfare is part of its tactics for defeating the indians. it has not succeeded. it has not worked. his view remains deeply entrenched in significant parts of the officer corps and elite. in short, the state of afghanistan could not be greater. the future of al qaeda, of the nato alliance, of possibly nuclear war and peace in south asia, all of these issues are coming together. on the 27th of march, obama focused american forces in the combat zone on disrupting, dismantling, and defeating al qaeda and destroying the sanctuary along