emergency and world made by hand of james howard kunstler welcome back to the kaiser report i'm an ex nicea already james according to your most recent blog post you have dumped some of your treasury bills i sense there's a story here tell us tell us about it well i just got kind of nervous about you know you wasn't the idea that they were going to lose value overnight or you know that i was going to be stuck with worthless paper necessarily i was getting a little concerned that the banking system was maybe going to freeze up and that we just see a lot of sort of problems in obstructions in banking right now this is interesting because a treasury bill is considered to be really indestructible in terms of its credit worthiness it's the basis upon which the entire u.s. economy is built it's the basis upon which the entire global economy is built if you consider the fact that the u.s. dollar is the world reserve currency so the fundamental building block of the global economy that the lowly u.s. treasury bill you're suggesting that it is not as credit worthy as some suggest so that my question