What Message Is U.S. Sending to the World?

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Oct. 15 (Bloomberg) -- Bloomberg Contributing Editor Richard Falkenrath discusses U.S. politics impact on foreign policy. He speaks with Deirdre Bolton on Bloomberg Television's "Money Moves." (Source: Bloomberg)

It is great to see you.

What kinds of problems are there as we walked back and forth?

What kind of message are we sending?

A very bad one.

It is the only remaining superpower but is dysfunctional at home, cannot be discredited.

The president is so preoccupied by domestic issues he cannot even take important foreign trips.

Some people who are in the market say the u.s. government is not going to default.

It has enough money.

No one really want to test and see if the u.s. government can or cannot pay its bills.

October 17 is a fall deadline.

Even if that is the case, it is to symbolic.

Even if you are right, you are running risks.

The risks are not purely economic.

The economic ones have the potential to overwhelm everything else.

There also political.

China ends up being the dominant power.

Not even being able to show up in the most important regional region.

Who is leading the diplomatic resolution.

What country can do internationally is not just a function of this operation but what it stands for.

We are standing for a dysfunctional system.

We would be rather seen sending for traded humanitarian efforts.

China has been to parts of an economic discussion.

What do you think the chinese are thinking right now?

Critical.

They do not have an interest in the u.s. collapse.

They do not want to see a replay of 2008. they're interested in the relative balance of power.

It is shifting in their direction.

They're celebrating the rate of that ship.

While it is not as though they will capitalize it in a way that creates some sort of conflict they do not know what is going on.

It is not in the long-term interest rate of the united states.

You worked in the white house.

Would you -- if you were there now would you be briefing the president?

My role as a very tactical one, worried about terrorism.

This would be a terrible time to have a national security shot of some kind.

An incident we did not anticipate coming.

The recriminations that would result would be enormous.

It would wipe aside these internal shenanigans.

We would be very worried about something hitting us right now won't we are at our maximum level of distraction.

This text has been automatically generated. It may not be 100% accurate.

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