people start to think mor about it rather than before basically thinking that the unitestates is probably the model for the western world and in our effort to learn from market economy we ought to look at it and we have a lot of people studying it. i'm sure on the average level the chinese understand your system a lot more than you're pele understand our system. >> charlie: chinese government hold as a lot of american treasures but they're connected and dependent with the united states because it serves as a huge market. is that a fair statement of where the amount of dollars you hold stands with the volume of the exports that you're able to sell. >> it's interconnected. >> charlie: will it be changing? >> well, it's changing on a daily basis. >> charlie: you're selling on a daily basis? >> buying and selling. the fundamental thing here is that the united states ithe biggest market in the world and e u.s. treasury market is the largest in the world so let's say from some of the blogrs in china say you should sell the u.s. treasury because we can't go down with the dollar. what do you buy

yes bit they announced the new rankings and the unitestates has slipped to the fifth position. the weakness is in the u.s. economy, debt, and ethics. we have a twitter-writer. guest: the assets is the american economy itself. and the american work ethic. host: singapore and switzerland. guest: most of those economists are smaller than the state of texas in terms of output. the united states economy is as large as the next five economies combined. they may on paper have a slightly lower tax burden and slightly more open regulatory system. in terms of output, i was still take the united states over them any day. that does not mn we don't have issues. you can fault the obama administration. they have gone almost a jihad trying to close at regulations that are very counterproductive, whether they are in the workplace or environmental issues. i am not saying there may be some positive benefits to those regulations. they make us less competitive. host: i brought in an article from "the baltimore sun" on that very topic. this is running natnwide. "they often blame the tepid economy --

manufacturer , they used the launch program facilities with france, russia and india, not in the unitestatesbecause of the schedule. so the first issue is when we are dealing with russia where we have to launch another country especially russia and i believe a lot of the countries including china going to the moon what are we going to ensure we have no barrierto the competition. the cost of the launch and the system itself. the second thing i'm going to throw out and then i will stop coming people last in the intelligence committee we all know when the committee that we hear things all over the ball rolled what keeps you up at night. the areas that concern me most of the weapons of mass destruction and where we are to protect the country from cyber attacks. basically in my opinion people have a catastrophic cyberattack. the same thing happened in south tree with north korea attacking the system. we need to do more and it needs to start at the top and i feel need what a person, the cyber sar we have an individual right now who's not doing a bad job, doesn't have the authority of the power wer