dollar as world reserve currency which is the foundation of the american ponzi scheme which gives america the right to charge rent from six billion humans on planet earth as part of their saw empire requires dollar currency printing willy nilly and for the price of gold and silver to remain oprah asked this is the true battle because as the american empire collapses do their own stupidity mind you not because it's simply the time for them to go away they're just shooting themselves in the head gold and silver vigilantes are saying ok well it's a new era a new century we're gonna take gold up to five six seven thousand dollars an ounce and see who out there wants to compete who wants to be a world leader not america they've advocated that position they just want to rely on you know pork rinds and cheap guns and wal mart burger king whacking homeless people sloshing about on food stamps looking for some crack pipe that's all they got so who else can take over well the report also notes that j.p. morgan's derivatives outstanding now stands at a notional seventy eight trillion dollars seventy

the biggest ponzi scheme in american history. and tonight, ruth madoff says she and her husband bernie were looking for a way out and tried to take their own lives. >>> showdown. police unleash tear gas on the demonstrators taking to the streets to protest the wealth gap in america. >>> saving students. will the president's new plan help college grads drowning under those crushing loans? >>> the doctor's defense. michael jackson's doctor breaks down as his friend and former patients plead his innocence. >>> and the secrets of smiling. can we tell you something that might make you happier, right now, tonight? >>> good evening. it was the crime that shattered so many lives, robbed people of their life savings and turned bernie madoff into one of the most reviled names in america. and late today, we learned bernie madoff's wife, ruth, says she and her husband were so crushed by the scandal, they tried to take their own lives. it's a statement that's provoked a turbulent reaction from those who know a lot about the biggest ponzi sche

bernard madoff accused of the biggest ponzi scheme in american history. three years later the first family member is speaking out in an exclusive interview. chris cuomo is joining me now. how are you doing? >> i am doing well. >> stephanie madoff is breaking her silence and had a very candid interview with you. what did she share? >> stephanie changed her name as mark had intended to do if he had not killed himself. she is the one person who can tell us what was going on inside that family. stephanie had nothing to do wwith what went on in the hedge fund, but she was living with someone who discovered the problem and had to live with the shame of being implicated in everything by the public scrutiny. her story is as close as you can get to what it was like inside that family. >>in one of the worst situations in financial history. >> she spoke about bernard madoff's wife and her involvement. >> yes. because her husband was so intent on getting his name back and felt he could not if his own mother would not abandon bernie and the decision of ruth to stay wi

he was the master mind of the biggest ponzi scheme in american history. >> could be one notch biggest fraud cases ever. >> scam of the century. >> reporter: bernie madoff swindled billions from investors. today, he lives in a cell, sentenced to prison for 150 years. i went to his prison in north carolina, two weeks ago. and sat face to face with him for two hours. he told me, surprisingly, that he's happier now than he's been in years, quote, i feel safer here than outside. i know i will die in prison. but i live the last 20 years of my life in fear. now, i have no fear, because i'm no longer in control of my own life. i asked him if he missed his old life, he responded, "hell no." may doch acknowledges that he should be punished and he realizes that he destroyed his family. his son mark hung himself last year in his own home. crushed by the betrayal of his father. mark's widow, stephanie, told "20/20's" chris cuomo how she felt about madoff now. >> i hate bernie madoff. if i saw bernie madoff right now, i would tell him that i hold him fully responsible for killing my husband and i'd

he was the mastermind of the biggest ponzi scheme in american history. >> this would be one of the biggest fraud cases ever. >> it's shaken an i a battered public. >> he swindled billions from investors and today he lives in a cell, sentenced to prison for 150 years. i went to his prison in north carolina two weeks ago and sat face-to-face with him for two hours. he told me were surprisingly, that he's happier now than he's been in years, quote, i feel safer here than outside. i know i will die in prison, but i live the last 20 years of my life in fear. now i have no fear because i am no long her control of my own life. when i asked him if he missed his old life he responded, "hell, no." he acknowledges he should be punished and he realized he destroyed his family. his son hung himself last year his own home. crushed by the betrayal of his father. mark's widow, receive any, told "20/20" how she felt about may don't have now. >> i hate bernie madoff. if i saw bernie madoff now i would tell him i hold him fully responsible for killing my husband. and i'd spit in his face. >> after that inter

american people giving thi a zeroth look. >> gov. terry famously referred to social security as a ponzi scheme, and you criticized him for that, but in your policy you compared it to bank fraud. how is your idea more legitimate than his? >> i said congress taking money out of the social security trust fund is like a criminal activity. th is a different thing. congre took money out of the trust fund and used it for spending. if that had been done in the private sector, you would be in trouble. that is very different from saying social security is a ponzi scheme. a ponzi scheme is created for someone to get richer at the expense of someone else. that is not what social security is. to the numbers not work, is it going to be technically a bankrupt? yes, so the foundation is severely in jeopardy, and it needs to be fixed and made sustainable, but that is very different from saying it is a ponzi scheme. i do not know who the great beneficiary of the ponzi scheme is, so who got rich from this program? >> wouldn't you say the government got rich from skimming money off of program? >> the government has to replace the money, so is it a ponzi

ponzi scheme. this joker. the american people, why are they so galt? pole --re's erasmus and rassmussin poll. here's the washington post, he talks about surviving: cancer. let's hear from michael, republican, miami, florida. caller: yes, ma'am, good morning. and thank you to the show. i am ok with 9-9-9 plan. if people are listening, he said that he is going to scrap the current tax laws and start over. and as i'm hearing it wrong. even if i am hearing it wrong, i would be happy to vote for him over all the other candidates right now because they have been in washington and what have they done? independence, a democrat, republican, should ask themselves, do you trust the current administration and the people presenting us to the point you are willing to keep going with status quo? host: "usa today" reports -- also all, we mentioned president obama is pressing the republicans on his jobs bill. last week the senate blocked the president's $447 billion -- we will look for that debate in the senate today on c-span 2. west in it, crofton, independent caller. good morning. -- carlton, independent c

ponzi scheme? mr. ryan, we see right through your party. the only scheme is the one you're trying to pull off on the american people.oining me now is bob shrum, nyu professor, and michael steele, former chairman of the republican national committee and msnbc analyst. thank you both for coming on the show tonight. what do you make of paul ryan's pitch? >> on the rev-o-meter it's a full blagojevich. you mentioned medicare. i mean it would voucherize medicare and cost 9 average senior 6,000 more a year, all to give tax cuts to the people at the top. the republican argument is that those tax cuts help, because you don't want higher taxes on job creators. under bill clinton, we had a higher tack rate. until george bush, we lowered those tax rates. in eight years, we created not one net new job. i think what's going on here is they just want cover for the kind of supply-side economics, which is, by the way, the real ponzi scheme, these tax cuts for the wealthy never pay for themselves. they leave a huge gap. in fact, in today's deficit is much more the fault of what president bush did in terms of the tax countries and dow

american workers. >>> a grim revelation from the wife of the man behind the biggest ponzi scheme in history. >> i don't know whose idea it was. but we decided to kill ourselves because it was so horrendous who was happening. we had terrible phone calls, hate mail. just beyond anything. and i said i just can't go on anymore. >> bernie madoff's wife told "60 minutes" that the couple swallowed a handful of pills on christmas eve 2008. it was 13 days after madoff was arrested and his scheme cost investors billions got him 150 years in prison. >>> well tropical storm rina is on track to hit mexico tonight or friday. it was a category one hurricane, a few minutes ago forcasters said winds are below hurricane status. >> we were upset. we waited a long time to come here. and we thought we were going to have fun. and the first thing they told us is we have to evacuate. >> just enjoying the last bit of sun we can get on the beach. so we'll be all right. they took real good care of us. >> forecasters think that rina will loop around and die out over cuba. >>> thousands of folks are rushing to get out of bangkok t

americans earn. >>> plus, victims of bernie madoff, we're not feeling very sympathetic toward the ponzi schemer ofn the dance floor. the latest from our own nancy grace. >>> and finally, paper or plastic. your answer to this common question's having a huge effect on the oceans. >> out here the water looks very clear, but you never know what's lying underneath. our pipes just don't work as well as they should. sometimes, i worry my pipes might leak. but i learned there's something more i can do. now, i take care with vesicare. once-daily vesicare can help control your bladder muscle and is proven to treat overactive bladder with symptoms of frequent urges and leaks day and night. if you have certain stomach or glaucoma problems, or trouble emptying your bladder, do not take vesicare. vesicare may cause allergic reactions that may be serious. if you experience swelling of the face, lips, throat or tongue, stop taking vesicare and get emergency help. tell your doctor right away if you have severe abdominal pain, or become constipated for three or more days. vesicare may cause blurred vision, so use c

ponzi scheme. >>suggest head may skip some's the future debates. santorum will be there. >> i would never skip a debate. i never skip the opportunity to let the american public know what i think about these issues. >> perry nosedived in the polls after a series of stumbles onstage. right now committed to a november 9th debate in michigan. none after that. at many as 18 more gop debates are in the works. >> crazy, that he's not debating or there are 18 more? what's crazier? >>> cain is surging in the poll, now in the bank. cain's chief of staff, mark block, that's him, the smoking guy from the ad told our erin burnett, fund-raising picked up raising $3 million in october. >> we've actually doubled in a little over a month, and that's what we're seeing in our grass roots activism growth. >> cane contain finds himself at our near the top of all national and state polls right there with mitt romney. >> you know where he is? he's in alabama. going to a game tonight. unusual campaign. >> running an unusual now, mich tea party card carrying candidate. ned ryan says she's not a serious candidate and her campaign is more about michele bachmann. bachmann is the

american government have remained under attack. solid to spend the last few minutes of my time telling the story through security that to this day we keep hearing the doesn't have any money. it is a ponzi scheme so that those retirees could take it out but i am here to tell you that is not sure but what is true there's no getting away from a shared responsibility those from social security understood very well and the chief draftsman told congress that whether they are supported by their children the economic crisis has to be paid in support of their elders is money available to the new generation with the u.s.-backed pension laws are not those who have to be supported there is no way. and that is a great virtue of security. and that this important for the other generation not completely redesigned everyone to be but the responsibility for that is important. to be bankrupt for the ponzi scheme that is what it is all about. that is what the critics want to take away and in the hope they want to keep that thought front and center ever since the provision was enacted as the book points out there is plenty that deserves to be a tax to most of the critics of the new deal want to turn back t

and on and on and on, what do you make of this. >> the reason the american people are suffering is because of those things, like the ponzi out about 8 times what they paid in. and, speaking before teachers unions, also another reason americans are suffering, because, we have to fund these massive teachers pensions. that is what the last jobs bill was and that is what this jobs bill is with 30 billion going to public school teachers and biden keeps talking about the cops and we need more cops so they can stop women in the middle of being raped in their homes, somehow. in fact cops only get 5 billion and public school teachers get 30 billion and it really isn't the rich and the poor, that is the wrong designation. it is who will have their hands in the pockets of taxpayers. and, that is who the democrats support. >> dave: does the president like joe biden saying these things, does it deflect or distract from the message. >> i think he loves it an biden would not be doing it if obama... >> dave: he can be the flame thrower and stand back... >> it's not different from what obama is saying, he engages in the same class warfar

retired americans and the possibility of the bread line at this point is the last pillar you see standing. social security. social security which is being attacked from the political right as a ponzi scheme and failure and the only thing we can do to fix is it let wall street get its hands on that one, too. >> president bush's second term agenda, ambitious plans including a pledge to partially privatize social security. it's a simple but controversial idea. workers would be allowed to put a portion of social security taxes into private accounts. >> that could conceivably shift an enormous amount of new money into the stock market. >> yeah, the stock market where they need it. privatizing social security, putting the money at the mercy of wall street, putting it at the mercy of wall street the one pillar we haven't yet allowed to be touched by wall street has been the goal of the republican party for the last decade. it's a goal shared at the moment by the republicans' current presidential front-runner, former massachusetts governor mitt romney. handing wall street the one pillar that is left standing after an entire generation of americans watched their retirements go up in smoke.

i call on my colleagues to stand with american seniors in support of social security. it's not a ponsj scheme as some canned -- ponzi scheme as some candidates for president allege. let's celebrate the 3.6% for our seniors. thank you. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from tennessee rise? >> to address the house for one minute. the speaker pro tempore: the gentleman is recognized for one minute. mr. cohen: thank you, mr. speaker. i want to commend president obama for announcing a plan this morning to lower student loan payments. "the new york times" recently reported the student loan debt outpaced credit card debt for the first time last year and the growth in student loan debt threatens to undermine the future life of the current generation of students. it was this realization that led me as a state senator to pass the tennessee education library program that gives scholarships to our tennessee students. too many young people have an unbelievable amount of debt that burdens them for the rest of their lives. the students that occupy wall street are very aw

american group with direct ties to the haqqani network. another fired in north waziristan, killed four suspected militants. jack cafferty's coming up next. then, bernie madoff's wife reveals their desperate act as their ponzicheme collapsed. >>> and why rick perry says he may skip the future republican debates. we'll talk about that and much more with james carville and ed rollins. they're standing by live in our strategy session. 4g-- the next evolution in wireless technology. with advanced power, the verizon 4g lte network makes your business run faster: smartphones, laptops, tablets, mobile hotspots. but not all 4g is created equal. among the major carriers, only verizon's 4g network is 100% lte, the gold standard of wireless technology. and while other carriers may have limited lte coverage, verizon is the largest lte network in america and ever-growing. with verizon 4g lte, you can invent new ways to upgrade your business using real-time group meetings from remote locations, video conferencing, mobile credit-card payments, lightning-fast downloads, and access to thousands of business apps. plus, verizon has the largest selection of 4g lte devices and the most 4g lte coverage for your business. all on

ponzi scheme, he said, hey, you know, i'm going to tell it like it is. they're all trying to do that. they know that this idea of authenticity is what the american voter is looking for. now, of course, the idea of authenticity is a little bit subjective. but that is what they're looking for at this point. so we'll see. i think ultimately what we don't know about this race is we don't know what does mitt romney look like as a republican candidate after millions of dollars are spent attacking him, saying he's not a conservative? what does he look like after that happens? when we know that, then we'll know whether he can get this nomination. >> okay. a story, a great story that's still playing out. chuck todd, thanks so much. >>> let us get a check of the morning's top stories. tamron hall is over at the news desk while natalie is on assignment. good morning to you. >>. the occupy wall street protests are gaining ground as the movement enters its third week. other demonstrations have popped up in cities across the country, and thousands are expected to march today in lower manhattan as several labor unions have now joined in the anti corporate prot

ponzi scheme. and congressman pete sessions who serves as house leadership for the g.o.p. introduced legislation labeled, savings accounts for every american act that would have people opt out of social security by sending their contributions to a private account. according to steve goth, social security's chief actuary, this change will, quote, severely compromise, unquote, the ability to pay for current seniors and those near retirement. quote, so social security, the ability to pay benefits to people who are currently receiving or are now approaching the time of receiving benefits, would be severely compromised. a year of trust fund exhaustion would certainly come to be much sooner than the -- 2036. in other words, the plan of the republicans to privatize social security would put that program that has never missed a check to americans in danger. we need to oppose those efforts. i yield back. the speaker pro tempore: the gentlelady's time has expired. . the speaker pro tempore: the gentlewoman's time has expired. for what purpose does the gentlewoman from north carolina rise? ms. foxx: madam speaker, by direction of the committee on rul

ponzi scheme and if he's president, he'll do what worked for texas. >> we ought to have a conversation. is there a better way? are private accounts an appropriate thing for a young americanemployees in some states and we talk about that in the book, that galveston, brazoria, matagorda county. >> brian: those three county, he pointed out, opted out of social security 30 years ago. now take part in an alternative plan which actually leaves retirees with more money. here to explain, marvel matthews at the institute for policy innovation. this worked so far, right? >> it worked. it's been around 30 years. the people have personal accounts. they put money aside. they retire with twice what they would get with social security and never lost a dime. when the market goes down, they still make money. >> brian: tell me the principles behind it. >> well, what happens is the three counties in texas have a personal account that's managed by an outside management firm. they go out and negotiate a contract that provides an interest rate for them, so the money is pooled. think of it like a savings account at a bank, a banking model opposed to 401(k) model. so the money goes to financial

american people immediately saw this claim was irresponsible. even the senate budget committee chairman, senator kent conrad from north dakota, admitted that the "class" program was -- quote -- "a ponzi scheme of the first order." something he said bernie madoff would be proud of. yet the president and washington democrats pushed to include this "class" program in the health care law. this new report provides undeniable evidence that administration officials knew the "class" program's design and payment structure were fiscally unsustainable. the obama administration knew it and yet they repeatedly ignored the explicit and persistent warnings. you might ask yourself why is that? the only logical explanation is that the administration officials chose to hide the "class" program's true cost from congressional lawmakers and the american people. all to advance president obama's ideological health care agenda. this push to advance an agenda rather than reasonable patient-centered health care reforms served only to create yet another unsustainable entitlement program. an entitlement program that this country simply cannot afford. the obama administration's chief -- own chief actuary, a man