you detail a phone call early in your editorship, with-- from hank paulson. calling you from an airplane. he's just been nominated to be treasury secretary. you say this was a-- this type of relationship would be, play a vital role in, during your time as editor. why? >> i saw this, number one as, look, he's the treasury secretary, i run one of the most important newspapers in the world. knowing what is on his mind is very important. but i'm never going to be solely reliable on him. but i am going to get some information, and i'll be able to pass that on to reporters and i can tap in, in effect, to his network. >> reporter: barber notes that paulson was calling him as the treasury secretary wanted to use the financial times as a means of communicating to an influential worldwide audience. as you went through your-- your notes, did your impression of power go through a dramatic change, or transformation? >> i understood better, reading my notes, how power had fragmented. there's a fundamental change in the, in media power in the 14 years-plus that i was editor

an economic one. >> hank, this question is for you. for mr. paulson. the cost will be from what you can perceive right now? >> well, you know, to me that's a -- that's a -- that's a -- at tough one to answer. you know, i -- if you'd asked me this question a year ago i would say if we have ten things to worry about i'd worry about inflation last i'd be more concerned about deflation. but we're entering unprecedented -- people use the worded unprecedented a lot when you look at the amount of treasurys that are being issued and the amount that are likely to be issued, it's something i think we need to think about and i am frankly -- when i look at risk, that is a risk -- the bigger risk -- and i'm not predicting this -- but the bigger risk is just if we issue enough treasurys, when do we hit a wall right? when do we hit a wall? and is there enough buying demand for treasurys and i don't want to see in a situation where the dollar loses too much value but the way i tend to think about the deficit, which is what you are getting at and the deficit. and the w

a lot of people might remember under hank paulson and secretary tim geithner or during the global financial crisis when there were a lot of clear indications china was intervening in the currency, they declined to designate china as a manipulator to maintain diplomatic ties and under president donald trump in years past even though there were no clear signs of currency manipulation, that tag was applied. janet yellen is seen to bring some intellectual have to back to the report. shery: what about right now? how is the yuan doing and can china be seen as manipulating it's currency now? >> one thing that treasury is looking at according to sources i spoke to is that they are looking at state owned banks in china to see if some of the intervention activity is being disguised or amassed by some of these -- or masked because of these banks. the other thing to consider is the undersecretary during the trump era in may 2019, the currency policy report was expanded. it was easier to trigger the manipulation designation and more countries were scrutinized. now secretary yellen is considering some ti

one saturday who we focused on shorted stocks after getting a briefing from hank paulson that the u.s. economy was about to crater. though it kind of that little bit of business out was i looked at hank poulsen's book. he basically wrote it in diary form. he said i brief to senator on the center of u.s. economy was going to crater. and the senator hosted his stock trades. but he hosted the brokerage accounts. see you have time stamped when the stock trade was. it matched when the meeting was at when the stock trade was, and it was within 30 minutes. and that senator cleared 30,000 or something in a short period of time. 30,000 was a lot of money 25% of what they make in a year or something at that time. they had given themselves some raises sense. so at the time there was a corrective legislation to make this illegal call the stock act. and it only had 13 sponsors. so after we did the story got 185 sponsors like within a week. senators were fighting over who is going to sponsor in the senate. president obama talked about in the state of the union. and within three or four months and e