>> joe paterno is no longer the head football coach, effective immediately. >> last night, legendary football coach joe paterno, along with the school's president, were fired by penn state's board of trustees. this on the heels of a child rape scandal. and make no mistake, that is what kind of scandal this is. involving former assistant head coach, jerry sandusky, who allegedly violated at least nine different boys as young as 9 years old. charges that include sex acts so lurid and so disturbing, that even on cable tv, we have opted against describing them in full detail. reports of which all of this were met, according to grand jury testimony, with a deafening level of inaction on the part of everyone from a graduate assistant to the coach to the administrators. paterno had suggested that he'd be willing to retire at the end

of the season, but after two officials were charged with perjury and failure to report child abuse, penn state finally acted in the best interest of the school, and not just the best short-term interests of its football program. joe had to go. paterno's firing sent shock waves through the campus. students that had gathered peacefully exploded into a riot, tearing down lampposts, flipping a tv truck, and forcing the local police to use tear gas. i want to bring in our thursday mega panel. karen, susan, and jimmy are here. the obvious question, how could this massive moral failure happen anywhere, let alone at penn state? and more notably, karen, how dangerous is it to repeat the patriarchal betrayal that we have seen play out, obviously, with the catholic church. we've seen versions of it within

the political theater, inside of the media landscape, the banksters, all these sorts of things. and then you have joe paterno, one of the -- i won't lord over the narrative, but how dangerous is this? >> it's very dangerous. and dylan, i mean, there's a through line to all of the things that you've talked about, which is that people who were in positions of power abused their power and are now being held to account. now, in some instances, we know people haven't been held to account. i have to tell you, i worked with abused children at one point, and it is so important how this matter is handled publicly, so that children who might be watching or seeing what's happening understand that if they come forward, they will be believed, and it will be investigated. because this is why children don't come forward. they're afraid nobody's going to believe them. can you imagine the failure, the cowardice of these adults who failed those children? >> are we -- and it's impossible to really know this, jimmy, but

do we simply hear more about these types of scandals because the world is a bigger and more sort of dangerous place, or is there a real sense that the basic trust between young men and old men, the young people and the elders, the institutions of government, the institutions of academia and those they are attended to serve is, indeed, getting weaker? >> well, i think the 24-hour news cycle is certainly a part of it. it used to be, if this sort of thing happened, you got -- your telephone rang and you heard about it from your neighbor or from your fellow church goer, or what have you. but now you read about it or see it on tv, or what have you. but karen hit an interesting point. we're talking about men in power. when i was a kid, i went to camp. i went to camp all summer. more parents were like, the day you're out of school, you're out of here. we're not even going to look at you until you have to come back after labor day. i was at camp.

they trusted the camp counselors, church counselors, tennis camp. you name it, i went to it. at no point did anyone ever touch me or anything like that. had they done it, i can't tell you what i would have done as a child. as a teenager, i would have beat the hell out of them, but i can tell you this, as a child, you don't know. as a woman who's lost her job and she's trying to get her job back, what is the difference -- >> or fears for her job. >> -- that child and what happened to these kids? there's zero difference. >> susan, go ahead. and we talked about this before we came out. >> what's also important to recognize is that if it wasn't penn state, if it wasn't such a notable coach, these things happen in school athletic programs across the country, but usually they involve the players and another -- and a coed, and they get -- >> women are typically the victims. >> correct. and this is big business now. these college sports program are not a bunch of kids out there

playing basketball or football. these are big businesses and they do everything to protect it. the culture that they've created is so harmful to the people on campus, and anyone they come in conta contact, frankly. >> it goes to the narrative we continue to see play out time and time again, whether it's in media behavior, the health care industry. you can do this almost any play. where did that come from? >> well, there's also, you know, i mean, think about it. this is a kind of microcosm of what we've been talking about, to susan's point. i mean, these are multi-million dollar histories, college athletics. i went to a pac 10 school, the football program paid for a lot of things on campus, and they sure knew it and they sure walked around like the big men on campus. and you know, there's this feeling of having to protect that program, because that is the cash cow. and joe paterno had an inordinate amount of power. and again, i think the suspicion from what we've seen in, if

you've read the police report, which as you said, it is devastating, it's clear that people just made the decision, they're going to turn away, pretend it's not happening, to protect their power, to protect their reputation, to protect how lucrative, no doubt, this all is. and again, it's similar to what we've saw in the banking system to, you name it, in any of these systems, where there is not -- there are not controls for accountability. this is what happens. >> but the interesting thing, i'm going to move on to the republican debate, but the other common theme is the lack of visibility. the inability to understand what is going on is the only thing that allows whoever the powerful individual is to continue to get away with it. whether it's inside the complexities of some of the distortions in our health care system and our banking system or in the most lurid and horrible aspects of abuse that we're seeing played out at penn state. >> and people just don't think they're going to get caught. that's what it comes down to. whenever you have that shade of gray that they think they can imagine, they'll push the limit

as far as they possibly can. >> it will be -- anyway -- it will be interest to see how that plays out. i want to move to the other big story today. anyway, republican presidential contender, rick perry, you may have heard this, stepped in it last night in the debate in michigan. and in case you missed it, we'll take you there now. >> it's three agencies of government when i get there that are gone. commerce, education, and the, um, what's the third one there? let's see. >> you've got five. >> oh, five, okay? commerce, education, and the, um, um -- >> epa! >> epa, there you go. no, again -- >> let's talk deficit cuts. >> seriously? is epa the one you were talking about? >> no, sir. no, sir. we were talking about the agencies of government. the epa needs to be rebuilt, no doubt about that. >> but you can't name the third one? >> the third agency of government. i would do away with the

education, the, um -- >> commerce. >> commerce. and, let's see -- i can't, the third one, i can't. sorry. oops. by the way, that was the department of energy i was reaching for a while ago. ♪ >> i'm glad i had my boots on tonight, because i sure stepped in it out there. the bottom line is, i may have forgotten energy, but i haven't forgotten my conservative principles. >> where to begin with this one? i'm going to start with you, susan, if you don't mind. >> of course. >> this is obviously both humiliating, entertaining,

frivolous, absurd, whatever you want to call it. but the fact of the matter is, america has 30 million people who don't have a job, it has the least efficient energy system in the west, of any country in the world. it has the most expensive health care system with the least relative output for the dollars. we have a presidential race coming up. and the quality of the debate that we are getting is reflected in people like rick perry. not to pick on him, but how is it that this country that is so wealthy, so powerful, so incredibly ambitious and capable, has this absurdly low quality of debate for its leadership. >> well, it was also perry who was singular in this -- >> fair enough! but if you look at the scope of the debate, we're not getting the jobs debate. we're not getting the energy debate, we're not getting -- we're not seeing anything -- >> well, it's hard to have a debate in 30-second responses. let's face it. >> that's a copout! >> no, no, if you want to talk about the bigger debate, i think

it's actually something that you see several of the prominent republicans come out with real tax proposals. they are starting to roll out their ideas. now, i understand, it's never going to be enough, because frankly, this is what sells on tv. what we just saw, that sells a lot more. >> and again, it goes to the other -- what we were talking about, karen and jimmy, just about these system where what we're rewarding is something that is not actual leadership or decision making. i don't know what it is that you get rewarded for to end up to be rick perry as a candidate for president of the united states. but, obviously, it's not being prepared, for instance. >> well, they also -- i do empathize, having gone through this four years ago with the point that there isn't a lot of time, but we've got to figure out -- here's the other problem, though. they were asked substantiative questions and substantiative follow-up questions. they didn't answer them, substantively. the majority of the answers were sound bites and platitudes and rhetoric. so i think both sides have to

say, okay, if we're going to have a debate about -- and particularly these debates which are meant to be about specific issues, you can't use that 30 seconds or that minute response to just rattle off your talking points. and we shouldn't accept that as an acceptable answer. it's stunning how many times these guys are getting applauded for just giving their talking points. >> and that, on the one hand, you look at the media in this context, jimmy, and you want to applaud them for trying to force some of the more difficult questions, but then you really get frustrated by not only the nature of the answers, but also the inability or unwillingness of the moderators to follow up. >> well, actually, kudos to john harwood. he did follow up. >> i agree with that. john harwood, i think, is one of the best, quite honestly. but it doesn't go to the broader issue -- i'm not trying to indict john harwood, at all. quite the contrary. what i'm trying to say is this country is in deep doo-doo, and there doesn't seem to be a lot

of folks running for president prepared to talk about it. >> i had a choice last night when i got home between watching the republican debates, which normally i would have done, or watching "the pianist" with adrien brody. it's the story of the polish jew who got stuck in the middle of the ghetto and lived to tell about it. a roman polanski movie, not exactly a thriller, but i watched that instead. this morning, i did watch the clips from the republican debate. time and time again, to karen's point, they didn't answer the question. two or three questions, i can't remember how many on italy, on greece, and none of them, none of those candidates, for the leader of the free world, would answer the question. and i bet you, maybe one of two of them only actually understood the issue. that's pathetic! >> the fact is, in ten months, we're going to be saying the same thing about the answers we hear from republican and the republican nominee, because both are only going to have 60 seconds to respond. >> i don't agree with that, actually, susan, because the

presidential debates are structured -- part of the problem here is that they have so many people. at some point, this field needs to be just on a very tactical level weeded out so you can actually have a little more time to answer. and i do think in the presidential, at least those debates, there are guidelines to make sure that there is more time for answers. >> you're right, 90 seconds. >> hey, better than 30. >> okay. >> oh, boy. oh, boy. all right. the panel stays. much more ahead on this busy thursday. you see berkeley's certainly no stranger to protests, so what caused this wild scene on their campus? plus, careening into a currency war. the financial clash our guest warrants could lead to expanded violence. and what does miss piggy have in common with betty white? we promise, there's an actual news story there. [ male announcer ] tom's discovering that living healthy can be fun.

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the usually peaceful occupy movement taking a violent turn on the campus of uc berkeley. riot police were called in yesterday to disband the occupy tent city. but students linked arms, refusing to abandon the site. the video shows the cops beating protesters with batons. in all, 39 people were arrested. our next guest, naomi prince, is a frequent visitor to occupy l.a. she's also a senior fellow at the demos think tank and author of the new book "black tuesday." she's also today's specialist. and nomi, what is your

perspective on the dynamic of the energy of the occupation. in other words, it's clear that the occupation represents this sort of frustrated resistance to the obvious breach of fairness that is manifesting everywhere, if you open your eyes and look out your door. what is your sense of where it's headed? and what is your sense of those who say los angeles really is the place to go for the winter to drive this message for a long list of reasons, not the least of which the lovely weather we can see behind you. not sure if that's fake or not, but looks better than what we get here in new york. >> well, full transparency, this actually is fake. but it is generally nice out here. and, you know, also, the way that the occupy l.a. movement has been growing, there's a good portion of grassy lawn in front of city hall in downtown l.a. and that allows you to sort of have these encampments and

create a more staying situation. and that's been why, i think, people are looking at l.a. as potentially being a good place for the winter. so you have not just the weather, you have a much more comfortable place to operate and to remain. and although there have been some discussions from the mayor and so forth saying that the grass isn't being watered properly and all sorts of things that are starting to rumble about potentially moving, so far that hasn't happened yet. and people are aware of it, you know, and ready to do something about it in terms of making sure that that's not a reason to dis-occupy. >> and then i'm going to release you to the panel in one second. but what is your perspective on the cohesiveness and the solidarity that binds basically every occupation, and quite honestly, everybody who would support the occupation, whether it's you, me, bill black, or anybody else, in the actual parks themselves, which consist of a wide variety of behaviors that i certainly wouldn't necessarily stand in solidarity with. and i suspect you might not

either. but it seems that there's a very big distinction between a given park or area's culture and the actual principles that the occupation represents globally. >> yeah, i mean, i think the general principles are very consistent. it's like there were trillions of dollars thrown at subsidizing a fraudulent system that's basically pillaging the population, and we're coming to that head. and you have particularly students that are involved. you saw the horrific scenes from uc berkeley are leading that in many ways. and there is a strong youth component here in l.a. i was down at the one in wall street a couple weeks ago, so that's consistent, but there's a multiconstitutude of age groups diverseties. more and more people are coming out to the ones i've been looking at, these groups, because they need someone to pour not just the outrage, that's evident, but also this feeling that we need to do something. and what needs to be done is not coming from the political infrastructure. you just saw the debates.

you know, that was just shameful. and it needs to come from the ground up. and i think that's why it's continuing to grow and a lot more people are looking into it, watching the media reports and actually engaging themselves that might not have engaged themselves before. >> karen? >> hey, nomi, one of the things that strikes me as to what you were just saying, you've got the occupy wall street and a lot of critics from the right in particular. you know, oh, these kids and their tents hanging out, but also the 99%, which is really your neighbors, your friends. those are ordinary americans that look and soundikwe all kno. who, as you said, it's not just anger, but i think also frustration and just saying, look, this is a visible symbol that the system isn't working. and i'm wondering, sort of, what the mood is there in los angeles in terms of how those two things are intertwined between 99% and the occupy wall street. >> well, i think people in l.a. are more and more thinking of themselves as that extension of wall street. there isn't a strong banking continge contingent, for example,

physically, in downtown l.a. but just recently, there was an occupy bank of america, you know, front lobby. so there is that idea of joining that voice from wall street and throughout, as we've seen globally. and again, it's not just youth. they may be the ones that are spending more time physically there at night, but it's teachers. it's off-duty cops. it's firemen whose stations have been deleted because of budget cuts, because the tax money that should have been coming here isn't, because a lot of the companies aren't paying it, not at the federal, not at state level. in that republican, l.a. and new york and the occupy movements in general are very, very similar. you do have distinctions. there is a hispanic movement here. a lot of the signs and chants are in spanish and in english, and that's the color of l.a. but the general message and the general spirit that is coming to these movements is really ones i've been at. >> jimmy. >> hey, nomi, i would like to kind of put this in perspective for a second and ask you two

very easy, quick questions. first, how many people in occupy berkeley were arrested? >> it was 39, i believe, that were arrested. >> and they were arrested because they were protesting not having jobs. how many people at penn state, at college station, were arrested last night at those protests, and they were protesting someone losing their job because he turned a blind eye to child molestation? >> exactly. the numbers do not even -- they don't make sense. we're arresting and protesting in those cases, from the police, from the outside infrastructure, the wrong people. at berkeley and students throughout the country, they're not just protesting, you know, joblessness, they're protesting the fact that in california, for example, tuition has increased by 25% this year. nothing else has increased in terms of wages, job prospects, anything by 25% this year. health insurance, possibly, has gotten near that amount. but you were talking, like, significant extractions of cash from students that are already

facing $24,000 on average of debt when they leave these schools. and they have every right to be there and protesting. and the issue of being arrested wasn't even just because they were there, it's because they were allowed to be there, but they were not allowed to camp there. in other words, if they stood up all night and didn't pitch tents, apparently that would have been okay. but the fact that they wanted to make themselves, you know, viably there for overnight messages, that was the problem. that's why you get the riot police out. >> susan? >> hi, nomi, you touched on something, you didn't have a very big financial industry where you are, but you do have a very large entertainment industry, and those the people really are the real 1%. those are the people making $10 million a movie, et cetera. we don't seem to see any anger against those 1%. and i'm just curious on your take on that. because, again, if it's about fairness, you're seeing these people making tens or hundreds of millions of dollars. >> yeah.

i think that's a really good point. and there's certainly a lot of anger here about kim kardashian, for example, is one of that 1%, and you know, her issues. so there is that. there's a strong growing occupy kim kardashian movement here. but, i think that, you know, there's less anger because, you know, with the exception of, you know, kim kardashian, kind of the vulgarity of showing it, they weren't -- you know, you can decide to pay to see a movie or not. you can get some entertainment value -- >> but it's the 1% that everyone's anger at, and i find they're not angry at that 1% -- >> one at too pim. >> nomi, i'm going to step in for one second. i don't see this movement, though, as, it's not just about we're angry at the 1%. this is not class warfare. this is saying, 99% of

americans, the system is failing, and the 1% are not -- many in the 1% are not acknowledging their responsibility to be a part of the solution. they just want more -- >> i've run out of time. i do agree, though, that it's not a function of rich versus poor. it's a function of rigged and manipulated wealth accumulation. >> that's exactly right. >> which is why kim kardashian may be seen as a manipulator of fame for money, whereas, you know, steve martin might be seen as a really funny guy who makes movies. there are bankers or investors who are seen as really good investors and there are other people like the big banks that are seen as riggers and extractors. and i think that the distinction, as i see it, is, are you making it or are you taking it? anyway, nomi, a pleasure, talk to you soon. at least even the fake weather in l.a. looks good. >> thank you. >> jimmy, karen and susan will see us next week. next here, as the dollar weakens against the euro today,

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well, we usually think of the military protecting us from enemies that attack us with weapons. but could our greatest vulnerability right now actually be our financial system and our currency? federal reserve chairman ben bernanke and presidents barack obama and george w. bush used bailouts and money printing to save us from another great depression, or so they tell us. but our next guests argue those very actions are the first steps in a global crisis and currency war. sounds right up our alley. james richters is the author of the provocative new book, "currency wars: the making of

the next global crisis." also with us, john brown, former british parliament member and current senior market strategist for euro pacific capital. i welcome you both to the conversation. in brief -- >> hello, dylan. >> hello, sir. and i'll start in the studio with you, james. here, the history of corrupt governments manufacturing a currency in order to preserve their own power dates back to niro in rome, if not before. there's nothing new about this. >> that's exactly right. during the roman empire, they had a silver coin, which had a good store of value, but when they were running budget deficits in the roman empire, they would change the composition and put in lead or other base elements -- >> which was their money devaluing. >> it's also true some of the strongest, greatest, longest-lasting empires had solid money. the republican of venice had periods of 300 years of price stability, because they used

gold. >> because they had capital requirements. >> correct. well, in fact -- >> gold was the capital requirement. >> right. banks were required to have it. >> so this is all well and interesting, john, from a perspective of a financial market player or a politician of some kind, perhaps, but if i am an average american, an average western european, an average japanese or chinese citizen, brazilians, i don't care what, what is the actual risk to the fabric of society, whether it was in rome when they were printing money or in brussels and washington, d.c., where they're doing it today? >> well, first, i totally agree with james. and what we're witnessing is a currency crisis that is being camouflaged by politicians as a debt default problem. and it is being created not by wall street, but by central bankers, led in particular by the fed under greenspan and bernanke. so now the u.s. dollar is actually at the epicenter, although shielded for the

moment, by the euro. and we're watching a threat to the whole paper money system. and that would create a mammoth depression and abject poverty for everybody. so everybody's got to be really worried about it. >> what can you do about it? >> and you saw yesterday -- well, the first thing is you, i think, you have to start cutting government waste, rather than spending, and you have to get down to restoring faith in money, in paper money. there has to be a return to some form of gold link. even if it's just for central banks, as it was until 1971, from 1944 to '71. that was only the central banks. the next stage would be to get t that we had before, which was where sterling and dollars were convertible into gold by individuals. and that is a true, honest money system. i don't mind what the price is, of course, people argue, there's

not enough gold. but it depends what price. if you took the conversion price at $10,000 an ounce, then there might well be enough gold without causing a recessionary influence. but in the meantime, people are angry, very angry, and i can sympathize with a lot of these people on occupy wall street. but they've got the wrong target. they're going for wall street, which were like someone's opened the candy store, broken the door open, and they're finding all the children who eat the sweets rather than the criminal who broke the door open. which was the central bank. in particular, the fed. and now we've got france and germany talking about cut and run. oh, we'll have a two-tiered euro system. that means they're going to leave the pig countries to flounder on their own and all their lenders to flounder and all their credit default swap insurer to flounder? i mean, it's a design of disaster. >> i want to get james back in for just one second, john. i'm sorry. if you were to look, james, at

the risk scenario, it's one of those risks that if you are debasing your currency, as we know for a fact america is, as we know for a mathematical fact, the eurozone is, as we know the chinese are, for that matter. i mean, this is a political tool that wealthy nations are using against one another, it's why it's called a currency war. that's why it's a war. but if you were to look at the liability of that, which is seen in the italian lira, for instance, where it's all of a sudden $10,000 for a cup of coffee, right? what is the end game for the average american of a currency war? >> right. there are a lot of costs, but the greatest cost is the loss of trust. the dollars is a contract between the government and the people. and if you're the government -- if i can't trust you to maintain the currency, how can i trust you with anything else? i think you'll begin to see other institutions flounder, because they've lost trust in the most basic compact, which is the dollar itself. hyperinflation is a possibility, but deflation is another possibility. the fed is supposed to maintain

price stability. i've written and spoken a lot about the gold standard. i think we'll probably get there through chaos. i actually favor king dollar. i would like to see a strong dollar. i would like to see the fed raise interest rates. make the u.s. a magnet. reward savers instead of spenders. make the u.s. a magnet. make the u.s. dollar the go-to place when you want to put your money to work. entrepreneurship, innovation, strong dollar. that's what i would favor. and it's not just an economic threat, it's a threat to national security. how will we have a president in the world project force abroad if we have a weak currency? there's a lot to pay for. and the pentagon's worried about it. >> john, i'll send a note to anybody i can found down at the occupation to occupy the federal reserve and to occupy brussels! >> well, very interesting, dylan, you say that. did you notice that bernanke is now flirting with the military? does he fear demonstrations against the fed, which will be far more understandable than those on wall street. >> and again, information is widely available and a lot of the folks involved in this are very well informed already, and

more importantly, i think, are very anxious to become better informed. a pleasure to have the conversation, guys. john brown, rickards, congratulations on the book, and john, hope to talk to you soon. after this, some news, on a lighter note. a show-stopping opportunity for none other than miss piggy. thank you. [ mom ] alright guys, play with your toys after dinner. looks beautiful, honey. [ rattling ] jason... really buddy, wow. samantha jane.

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facebook where the page has more than 20,000 likes. the page points out, the oscar awards are sacred american institution. who better to host the oscars in 2012 than another american institution. you want a song and dance, the muppets have you covered. you need celebrity cameos, they've been doing them for years. they're multi-tiered humor would be perfect to watch with your grandparents, your grandkids, and everybody in between. and be honest. are you really going to deny miss piggy her chance to walk the red carpet? straight ahead, it's that time. >> dad, did you know it's 22 days, 11 hours, and 2 minutes to christmas? >> 20 days, 8 hours, 9 minutes. >> 18 days, 17 hours. >> let's go, young lady! >> like it or not, the holiday ads have already begun, and next, when the budget's tight, we're talking about how the tell your kids no.

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c s ou s an at thditsuexrsrp wan s cllorfrat ou okay, wi-fi plus 3g, 64 gig. this one, this one! >> oh, sweetie, $900. >> i can't wait to see the look on kyle's stupid face. >> eric, we can't afford that one. >> with the holiday season around the corner, many children will want to get their hands on the latest must-have toy. but in tough financial times,

how's a parent to say no to little ethan or abby when the money's tight? statistics show that having al nonprofit group, 70% of teens said their parents were the most important influence on their spending habits. but two-thirds thought their parents weren't telling them enough. with us now to give you some tips on how to talk money with your kids is "the d.r. show's" resident therapist, noah kass. noah is a columnist for the street.com. good to see you. >> so good to see you again. >> so this one, you argue, really just comes down to communication for the -- it seems like everything kind of comes down to communication, but how do you do this? >> okay. well, um, so, families are cutting their budgets across the country and they're having to say no to their kids from, you

know, young ages on. and saying no to your child, that you can't afford something, can be extremely frightening for a younger kid. because they don't think just, it's no to that gift. they start catastropheizing. they think maybe it's no to the house. maybe it's no to protection. maybe it's no to love. this is what goes on in their heads. so i don't think the word "no" really is beneficial to say to your young kid, you can't afford this. i think it's more helpful to explain to them the role and the value of money. i mean, part of what i suggest is explaining to your child, even at an early age, your family's budget system. and you want to be mindful of the kid's age and make it age sensitive. >> give me an example. >> giving them at 11 or 12 a diagram of the family budget and a percentage, what goes to education, what goes to housing, you know, what goes to medical expenses. now, you don't want to get the kid crazy, and be like -- >> he's going to say, those drug

prices are out of control! like, what is going on with the drug prices in america! >> or more like he's going to feel guilty that he needs the asthma medicine. but you want to give him an understanding of what things cost, so you equate the no of a gift as a choice rather than a denial. >> so in other words, what you're trying to do is contextualize the proportional decision making. yes, we could afford that big wheel -- >> but we would rather eat, live, pay for medical expenses. and down the road, we might be able to. and it also makes them feel part of the family system. it kind of helps -- makes them start to feel a little bit like an adult. >> it seems like it would be very empowering, actually. >> it's so empowering. and this goes to the second point, which is teaching them the reward for labor. you know, it's always a pen yip ea earned is a penny saved. but there's such thing as a young child understanding that cash just doesn't fall from the sky.

that if you save money, perhaps your parents will match it. and perhaps down the road, you'll be able to afford something. and in that way, you become part of the family team. because you see mom and dad saving money too. and it makes you feel like you are contributing in your own way. >> what we haven't factored into your analysis are a couple of things. most notably, the fear and anxieties of the parents who don't want to appear to be unable to provide to their children, whatever they might want. and the child, who may be very driven by their desire to have a particular thing, as we know children frequently decide, whatever the thing is, you know, whether it was cabbage patch kids or whatever the thing might be, they don't care. you can show me budgets all day, my man, i need to get that thing. >> let me take the second part first. so children want that thing, they want what they want when they want it.

but they also change very quickly. and you can distract them very quickly. so children move on. and if they explain something logically, type of conversation

suggesting ever happens, not just about whether we can afford it for christmas, but what the overall nature of the relationship is in that household relative to the parents and the children and how decisions are made, period. >> sure. >> i mean, how much of a veil do you think you're piercing and just ask for a more honest household relationship between parents and children, which is really what you're saying. >> yeah, but i think your -- i think it's essential now. what do we see on television? before the discussion, you were talking about the kardashians. parents have a real challenge these days. they're battling this celebrity rich person thing that's going on. which is just insane. i mean, the fact that someone's a celebrity because they have money is incredibly powerful to

a young person. what do day start thinking? >> they think i got to get a job works in the swaps market. >> right, right. they start thinking all that matters is equating a certain amount of money. so a parent has a responsibility to teach that kid that's not all that matters. you know what, not only if they don't get money, but what happens if that kid does have a job that earns them a lot of money? what are they going to do with that money when they grow up? how are they going to use that money? are they going to use that money to control people? or are they going to use that money to empower people? >> a wonderful analysis, as always, noah, thank you so much. noah kass, you can read his columns weekly on the street.com. coming up on "hardball," oops, he did it again. will perry's brain freeze last night be his downfall or is it just the latest stumble in a rocky campaign? but first, imogen lloyd webber on a daily rant of the most important part of 11/11/11. . . on november 26th you can make a huge impact by shopping small

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quick. what's the instance of tomorrow? no, it doesn't just have an odd date, 11/11/11. more importantly, it's veterans day. so we turn to our regular imogen lloyd webber for some insight. imog imogen, take it away. >> thank you, dylan. so tomorrow is 11/11/11, an astrology lover and blackjack player's dream. and of course, something far more important. in american, it's known as veterans day, the annual federal holiday honoring military veterans. the date commemorates the armistice signed eed in france.

it took effect at the 11th hour of the 11th day of the 11th month of 1918. tomorrow will unite millions of people across the globe. the day may go by different names. in countries like australia, canada, and the uk, we call it remembrance day. in france and belgium, it remains armistice day. but it is marked in many countries. people take a two-minute silence at 11:00 a.m. as a sign of respect. here in america, there'll be a ceremony at arlington and a number of regional sites. in britain, the main services will be on sunday. members of the royal family lay wreaths at the center at london's white hall. this is a legacy of world war ii. the commemoration was moved as to not to interfere with wartime production. for those in commonwealth countries, the poppy has become a popular emblem of remembrance day. the poppy's brilliant red color, an appropriate symbol for the blood spilled in the war.

i'm wearing the british version. sold on uk streets by volunteers, it is our highest profile charity campaign. this week, there was a national outcry when international soccer's ruling body fifa tried to ban the england team from wearing poppies. the money raised from their sale goes to armed forces charities. dylan recently did a touching segment on america's thousands of wounded warriors. information on how to help them is here and on the website. almost 1% of americans serve voluntary for the military. 1% of americans who ask not what their country can do for them, but do something for their country. to get to grips with our problems in america and europe, sacrifice must be shed. the military and their families have done their bit. perhaps food for thought, especially tomorrow, for the other 1% that's recently been occupying the news. the armistice is in 1918 was supposed to be the end of the war to end all wars. it was not to be.

since then, millions have given their lives, so we can remain free. as kipling wrote, lest we forget, tomorrow we will remember. dylan? >> thank you, so much, imogen, beautifully said. and you look beautiful in your poppy. >> thank you. very british. >> yeah, it's very british. dopies in new york? >> i had to go to a british shop in new york to find mine. >> do you think there's a chance we'll see more poppies outside of the uk? >> i hope so. it's a great way to raise money for charities and raises millions and millions of pounds for military charities in the uk. >> and it also strikes me that it ties into princess diana and all of her work with the land mines. >> absolutely. it does. >> on a lighter note, breaking news. billy crystal has tweeted, imogen lloyd webber, that he is hosting the oscars. he will replace eddie murphy, so the muppets who were in the game for at least eight hours there, no good. >> this is a tragedy!