i think that that was a lot of people saying we're trying but not really havinmuk ulmately the problems are so extreme that they are only going to be sold by printing money in the long run because no one wants to take the political cost of raising taxes and cutting entitlements on the level that is needed to actually really make a difference. >> let's talk international for a moment. you talk about china's changing attitude towards the united states. what do you mean by that? >> i think china, you know, up until, again, the financial crisis, china looked to america as a role model in many ways. it wanted to have american-style capitalism. it's been really -- it was putting a lot of its money, it's spare money into american assets. and now china is doubting whether that's such a good model anymore. and so seeing a lot of effort by china to diversify into other assets, including buying a lot of property and land and also switching into things like gold rather than holding u.s. treasuries, and so i think that kind of gravy chain america has enjoyed the last few years is no longer going to