and then bets on those bets and then bets on those bets on those bets until we end up with hundred literally hundreds of trillions of dollars worth of these bets out there. that never existed before phil gramm created this law that made them possible it made the legal that made it possible for the banks to get and in addition to that blowing up was legal and then what happened some of the underlying mortgages start to fall apart as could have been predicted and the bets went bad the insurance went bad and then the bets on the bets went bad in the bets on the bets on the bets went bad and it all crashed because if this one piece of legislation responsible for this crisis we're in today it's the commodity futures modernization act and bill graham is the guy who wrote it so why would the disgraced phil gramm former senator phil gramm want rick perry to be president well because rick perry learned everything you knows about markets and the economy from guess who phil gramm as a student of texas a and m. university perry took classes taught by phil gramm phil gramm who called unemployed people wh

so, apple is making their bet that this is what you want. is making the opposite bet. >> reporter: to give you some perspective on how important getting android right is to google, consider this. it is essentially gichb away free to mobile phone makers just to get it out there and bring google to your pocket. how much pressure is there on someone like you here, mobile? i mean, google's got to be playing big, big, big time in mobile. >> i think we have -- we are getting a lot of attention and focus. it's both positive and negative. there's a lot of pressure, obviously. people have very high expectations. >> reporter: after all, a phone is no longer just for making calls. >> navigate to nearest grocery store. >> reporter: and at google, searchchs not enough. i'm neal karlinsky for "nightline" in mountain view, california. >> the phone of the future. that's our report for tonight. thank you for watchingng abc ne. we hope you'll watch "good morning america" in the morning. weaver always online at abcnews.com. have a great evening, america. >> di

i bet you will grow up to be a mathematician. i will give you my address you will have to send me your first paycheck because i taught you this. at this point we would like to thank you very much for coming. if you have any questions. i don't know if we want to open it you will for questions. may be just a few? okay. yes. what's your question? >> how do we get in this program? that is a good question. >> it's an interesting question because the answer with the 3 of us is the same. what i want to point out i look like i might be from india when i talk i sound like i'm from america. my parents are from india but i was born in america and i started this dance when i was 18. i was not a baby e. both charlotte and an drea did as well. charlotte at 15 years and joe airna and i 15 years. that's how we got in this program. we practiced very hard. very, very hard we practiced everyday and we have been been in india practicing 8 times where our teacher is from. yes. >> yes. >> well there are similarities all of southeast asia. we performed

dan rather, is he their best bet? >> at this moment probably. he's probably the best bet. he's not the inevitable candidate but he's certainly in the best position right now. if i were a betting man, which i am not, i would say dead even, slight edge to him, not just for the nomination but also in the election. >> i agree. he can be whatever they want him to be. i wish it was huntsman, frankly. only one who showed any compromise around debt but i think it will be romney. >> republicans want somebody electable. right now it looks like mitt romney is the most electable. but i remember when hillary clinton was inevitable, so -- are chris: we're not ask that. we're asking the bet best. >> right now he looks like it. >> the man by default. wall street and business likes him. chris: i think he's a good bet because he can be what he has to be, as you said. he can adapt to circumstances better than any politician i have ever seen. we don't know what the circumstances will be next year. thanks for a great round table. dan rather, andrew russ sorkin. that's the show. see you back he

. >> i bet she speaks japanese better than i do. my kids might not me. >> when i had the gun i knew there was a [inaudible] and i started writing down things and i thought in my mind's eye, i think it looks like this. and it would be like that i had a small village in mind. there was a part in time i thought, i could go back to japan and go there and see how it looked. i had in the book and in my heart what i thought it was, i almost knew that if i had gone back it wouldn't be the same. so i made the conscious choice of not going. now that you tell me this i'm thankful i didn't i think it would have destroyed what i created in my head. i thought places are best when they are imagined. i hesitated naming it after a place where my mom said what did exist. i'm glad i didn't go back. making that conscious choice would have changed had i gone back would have changed the direction of the book a lot. >> when i saw it it was so different than how an imagined from reading your books. >> does that teach you never to look up things. always lis

want to bet on something today? bet on the jobless numbers staying up there in the nine category. bet on the country's corporations finding any way they can to make money without hiring full-time employees, the kind who want a good income and health care and a retirement plan. bet on corporate america to keep going with overtime, part-time, temporary, overseas, whatever it takes to avoid hiring full-time americans. this is what the president has been up against. and this is the back story to the current loss of faith. why would anyone have faith in the jobs market today? give me a reason. growth is stymied. we may be headed toward a second dip. even if he head up a bit, the people making hiring decisions are finding ways not to. you know why we don't have inflation today in america? because there aren't any shortages to drive up prices. we have factories with unused capacities, a work force almost 20% operating with underemployment or unemployment. it's not a condition that makes for stout hearts or shopping sprees. people are sitting on their money and thinking of how they can fi

if i was hungry, you bet. you bet i could. >> you could get a meal here?> you bet i could. >> you think this diet will make you live longer? >> i hope so. i hope i get to see you retire. >> i have a feeling that will be a very long time, which i hope you do. >> i hope i do, too. >> nothing with a mother. nothing with a face. no dairy. no oil. not easy to do, i can tell you from personal experience, but one person who is giving it a go is former president bill clinton. he went through his presidency never even knowing he was on the verge of a heart attack, but he was. it took quadruple bypass surgery to open up his eyes and now he is starting to do lots of things to reduce his risk. including bringing his weight down to almost what it was when he was a teenager. how's he doing it? i sat down with him one-on-one. that's next. with scientifically proven soy complex and natural minerals. give you sheer coverage instantly, then go on to even skin tone in four weeks. aveeno tinted moisturizers. ♪ ♪ [ male announcer ] with the most advanced engine in its class, 5

warned that the united states has a common problem with the eurozone they both have unsustainable bets with no real plan b. and as our correspondent alex king reports new countries are being put off from joining the euro and. writing in greece shock waves from the country's economic crisis were felt across the european union shaken international markets worldwide while parts of europe have been teetering on the edge of economic abyss goldman has remained stable in the storm along with this currency. there is a widespread belief in the country that being outside the euro has helped keep poland out of trouble here. if we were part of the eurozone then we would have been obliged to help countries like greece and portugal happily help out someone else without solving our own programs it's almost guaranteed that the prices would go up but we are still in the euro which would damage my business recent opinion polls suggest that more than sixty percent of spalls want to keep their own currency a dramatic turnaround from just a few years back a few years ago the euro was seen as the euro club

i could take you, i bet, in these. i bet i could take you! vo: the new comfort flex waistband. won't pinch, won't bind. new from hanes. >> welcome back everybody. thank you very much. nation, i've said it before, but you know what, to me there is nothing better than taking the family out and tossing around the old pig skin. the squealing scares the kids, but it's a good warm-up for football. this is the sport report. [cheering and applause] [scatting] [laughter] folks, i love baseball. they have the most lavish skyboxes. well, this season two records of the grid diamond might have to fall that have stood for 100 years. both held by brooklyn catcher bill bergen, who played from 1901 to 1911 when baseball was especially challenging because of the whalebone corsets. bergen is considered the worst hitter in baseball history. he holds the record for the lowest season batting average and the most consecutive at-bats without a hit. he's so bad he's been named an honorary chicago cub. but... [applause] but, folks, bergen's place in the history books is in jeopardy. his streak of 46 con

bet against the u.s. government. christina roman is not one of them. the former economic adviser to president obama told richard quest not to write off u.s. policy. at least not just yet. >> i don't think policy is tapped out. i think the actions taken by the federal reserve on tuesday is important. to keep the fund rates low for another two years is a bold move. and it's something that can have an appreciable impact on interest rates. probably more of an impact than qe-3. that was important. and i think the fed will continue to be thinking about other actions they could be taken. but in terms of where do we get other sources of growth, we are, unfortunately, still in the world where consumers and firms are hesitant to be spending. and, quite frankly, i think the government needs to be taking some more action. so, here in the united states, were i still advising the president, i'd be saying, come out with something bold. come out with a tax cut for firms that are willing to actually hire workers. and the

they bet on football. how much money is bet on the super bowl?> stahl: people are losing money for the state to get its revenue. they're losing money. >> rendell: let me answer this. you... you've... i've always... i've known you for two or three decades, you're a very smart person. >> stahl: but not now. >> rendell: but you're not getting it. >> stahl: i'm dumb now. >> rendell: you're not getting it. those people would lose that money anyway. don't you understand? >> stahl: our pressing him on this point led to this. >> rendell: you guys don't get that! you're simpletons. you're idiots if you don't get that. >> stahl: we couldn't figure out why all the emotion. but his main point was that gambling is good entertainment, and people should be allowed to make their own decisions about it. but since the first casino opened in pennsylvania five years ago, calls to gambling addiction hotlines in the state have tripled. sandi hall says her problems didn't start till three casinos opened near her. >> hall: i cannot read my local newspaper without having

. >> you bet. >> so what's the individual investor do on a day like this? >> well, this feels re like the end of a decline than the beginning of a whole other leg down. we counselled people to raise some cash back in february and march and are actually starting to put some of that capital back to work on days like this. you have to go back to 1940 when the germans blew a 60 mile hole in the line to get a day like this where less than 2% of the stocks trade product actually up on the session. >> so you really think that individual retail investors should be buying, perhaps even tomorrow? >> yes, i do. as a matter of fact. this feels more like the end of a decline than the beginning of a whole other leg down to me. >> and what should they be buying, of course? ness well, i think if you are looking at the s&p, i think you can buy an s&p type fund, very efficient way to invest. if you are looking at other funds, goldman sachs has some interesting funds that have less volatility, about half the volatility of the market. some of the international funds, mfs has t

nothing is a sure bet. treasuries were rising despite the standard & poor's downgrade which pushed yields down to record territory as well as mortgage rates. today people sent yields back up. although when you look at the ten-year note which mortgage rates follow still very low at 2.3%. >> we'll kind of buckle in and hold on tight and hope we're in the black by the end of the day. jason brooks with kcbs and cbsmoneywatch.com, thank you. >>> we are not the only ones talking about the economy. president obama speaking right now about jobs and the economy. here's a live look. this is out of holland, michigan. he is visiting a battery plant and focusing on new technologies to achieve fuel economy standards. later today he will travel to new york city for a fundraiser. >>> now, despite positive economic signs for today, two businesses in san francisco may have a rough time recovering. early this morning a fire swept through their buildings and now they are shutting their doors. stephanie chuang explains how this

if i'm going to bet, i'm going to bet on michele bachmann. >> matt lewis, senior contributor for "the daily caller," thanks. >> thank you. >>> after a volatile week of trading the dow jumped by 423 points. it marks the first time in the dow's 115-year history that the index moved by more than 400 points for four consecutive days. let's take an early look at the market as we get all up in your business. cnbc's jeff cutmore is live. is this the new normal for stocks? what will it take to bring back investor confidence? >> this is the wildest week we've seen since 2008. in reality, i don't think any of the professionals think this volatility is going to go away. two big headline issues. the first is the on going politicking in washington, the debt ceiling issue has only been kicked into the long grass. people looking for a bigger resolution. we're also hanging on the data numbers to see if the u.s. economy is really alive and kicking. close look on retail sales later today. and the other big one is the eurozone debt issue and lb the politicians bang their heads together and finally give

i bet it could last through some artsy foreign film. good idea. let's go. did i just say that out loud? [ female announcer ] feel fresh up to 5 times longer wiwi scope outlast. still feeling fresh? oh, yeah. [ female announcer ] what will you outlast? so they realize how much they move. that's why we created new degree with motionsense technology. the more you move, the more it works. degree, it won't let you down. [ whistle blows ] [ squishing ] [ male announcer ] pool filled with caramel. not as good as chocolate filled with caramel. milky way simply caramel. life's better the milky way. vo: get a free ice tray.lege. milky way simply caramel. or -- buy a pc for college. get a free xbox 360®. get yours at windows.com/freexbox.

. >> kintz is betting her life on a controversial diet.general surgeon by training. >> you have easy to remember adages of what you should and should not eat. >> we know what they should not eat. oil, dairy, meat, fish and chicken. we want them to eat all of those whole grains for their cereal, bread, pasta. beans, vegetables. yellow, red, green and fruit. what particular vegetables do we want them in particular? bok choy, brussel sprouts and asparagus. i'm out of breath. >> nothing with a mother. nothing with a face. you can imagine the meat, egg and dairy associations think that is a terrible idea. >> incorporating lean beef can help you stick to a healthy diet. >> it is a source of 13 vitamins and minerals. eggs are the gold standard for protein. >> dairy foods are nutrient rich. you get a lot of knnutrients fo every calorie. >> he has no special degree in nutrition, but when it comes to food, as medicine, he is a true believer. >> she had a heart attack. >> yes. >> you know sharon. doctors recommend she had an intervention. is there a

their members and so a tricky position as investors with negative views on banks might shift their bets to these countries. so watch that the investor doing these troubled times goal of treasuries and cash are all traditional safe havens as for those wishing to stay that quote exists a bias plot there from di want to capital markets recommend steering clear of companies exposed to the global economy. well right no obviously i think what we see is that markets generally go out of risky assets and they're trying to find some kind of safe haven. obviously if you financial financial titles these things are very very volatile so anything that is a new titles that are exposed to the global economy to the banking sector they should probably be avoided these things. on the second look at the markets we start with what's happened in the year every russia both markets are seeing a lot of volatility right now the arts yes is up point seven percent of all my sex is up twenty four percent let's take a snapshot all the market movers on the my sex energy majors are end up black are all snuffed is addi

be a good bet? is it because of the pensions? is it because of the implied threat of the bond default, todd? is there something that -- these bonds speculators have mom and pop don't have to leverage the government and central banks into bailing them out uniquely? >> speaks to the enormity of this and it's been cumulative, building in the course of the last ten years. and it's been skewed by spending margins, the haves versus the have nots. worst for main stream america but most of the media and financial markets are just now waking up to that has everybody sort of experiencing, like waking up to something you thought was a bad dream and finding out it's not. it's actually happening. we actually do owe this money, we actually don't have a lie grade of employment growth or investment, and we do have politicians that do not appear to be having a conversation that goes to solving this. before we get to the politicians, are problems like this solvable? is there precedent in history for this, word war 2?

members answer try to position as investors with nets of views on banks might shift their bets to these countries. so what should these investors do in these troubled times gold treasuries and cash are all traditional safe havens and the full those one sustained equity lists and find a spot there from buy what capital markets recommend steering clear of companies exposed to the global economy. no obviously i think what we see is that markets generally go out of risky assets and they're trying to find some kind of safe haven . obviously if in financial financial titles these things are very very volatile journey thing that is in your heart is their exposure to the global economy to the banking sector they should probably be avoided these theories. and let's take a look at what's happening in the markets will start with what's happened in the right here in russia are both markets are seen a lot of volatility right now the arts yes as well three quarters of a percent of the my sex is gaining almost gone percents and here's the snapshot all the market movers on the my sax and her two majors

seemingly endless global recession as investors looking for safer bets for their money and it's gold that's emerged as the most popular commodity its value has almost doubled in the last two years and precious metal prices have broken all records this week alone steven wright. business out of gold's short supply means it will always hold its value. it's definitely a sign of fear and anxiety markets gyrating wildly people want to take money away from risky yes it's like stocks and gold is a natural haven for investors wanted to do that the amount of gold that is being up to since humans started taking out of the ground is actually less than the amount of steel that the world produces every day so gold has a rarity value and people see this it is holding its value in times of financial. market volatility they see it as a relatively stable and safe investment. and because it's in such short supply when demand explodes for those commodity of course the price starts to skyrocket as we have seen in recent days. already with r.t. live from moscow it's now a quarter past the hour russia's an

with all the posturing and finger pointing we've been seeing in washington, is that a safe bet? will the parties do what they need to do to avoid another downgradad abc's jake tapper broke the s&p story friday night and he's at the white house again this evening. >> reporter: the message from the president and all the president's men is the downgrade is not their fault. the buck stops over there, with those other guys. >> it's not a lack of plans or policies that's the problem here. it's the insistence on drawing lines in the sand. a refusal to put what's best for the country ahead of self-interest or party or ideology. >> this is essentially a tea party downgrade. the tea party brought us to the brink of a default. >>>>eporter: obama administration officials say their policies are in no way responsible for this downgrade. >> oh, absolutely not. congress ultimately owns the credit rating of the united states. they have the ultimate power of the purse on the constitution. >> reporter: s&p was fairly straightforward in blaming the downgrade on a dysfunctional political process tha

european nations have banned short selling on banks france italy spain and belgium are prohibited bets which allow investors to profit from falls in the price of financial stocks the move follows high volatility in the sector amid fears about their exposure to euro zone government debts but the bad could also put other in your members and so try to position as investors with negative views on banks might shift their bets to these countries. so watch for the investors in these troubled times gold treasuries and cash are all traditional safe havens and for those wishing to stay in equities so biased there from dial up capital markets recommend steering clear of companies exposed to the global economy. well right no obviously i think what we see is that markets generally go out of risky assets and they're trying to find some kind of safe heaven. obviously if you financial financial titles these things are very very volatile so anything that is a new titles that are exposed to the global economy to the banking sector they should probably be avoided these things. and let's take a look at th

have for international investors and their eagerness to bet on the american economy. while the worst loser out of all of this i think is the us dollar the currency is now in a very vulnerable position in my view i think sooner or later more and more people are going to come to the same conclusion that the world's reserve currency is no longer a reserve currency and that the us doesn't deserve a aaa credit rating it is a joke it is like giving a aaa rating to the subprime bonds before the whole collapse happened if you look at this finances of the u.s. the federal debt now accounts for roughly ninety six percent of g.d.p. and as far as i can see there is no way this that's going to come down and the u.s. has no business getting a aaa rating and when other people come to the same conclusion as i do then i think there could be a rout in the bond market and as mr obama was alluding to earlier we could see seriously higher interest rates and seeing this weakness in the u.s. dollar which is obviously very bullish for commodities and precious metals such as gold and silver p

remember, people on wall street are people betting real moneys not kind of thinking about that. this is real money. they looked at that and said during the week, this doesn't make a lot of sense. yesterday didn't make sense to a lot of people because it just seemed to come out of nowhere. and i think somebody is going to have to take a close look at these trades. >> can you tell me in reality what the difference is what your credit rating is? how is it going to affect us and states and counties and cities and the general person who might want to borrow for a house or something? >> depending on who's willing to lend you money, if they think you're less credit worthy, they're going to want more interest as kind of a risk premium. now, think ant the united states. every year we pay $250 billion in interest payments so some of those creditors are going to say, well, you know, if you want us to roll this debt over, we're going to want a higher interest rate. who's going to pay for that? taxpayers are going to pay for that. the taxpayers will continue to pay for that for years and yea

i bet valerie plame and i bet joe wilson are waiting for an apology where he tells this story, and hedmits that he engaged in pathetic conduct that exposed valerie plame, the cia agent, and put her context at risk. their lives at risk. or maybe an apology to scooter libby who he hung up to dry for doing all of that. we're awaiting for an apology. i doubt it will ever come from this cynical old man. >> lizz winstead, it just seems to me that this is vintage dick cheney. he has no regrets. he wouldn't turn anything around even on torture. what do you make of that? >> well, you know, mike talks about clearing his name, he couldn't clear customs. he would be arrested immediately by many international courts. but you know, look at this guy. honestly, i think peace might be his kryptonite. never met a warrior to never get into. he's never met a person who he doesn't want to make ooingry and to continue saying waterboarding is fine, continue waterboarding suspects. sometimes i think that dick cheney wrote this book because there was still a couple of people that weren't sure that they're sti

i find it, if i had to bet, i would be betting right leaning. >> john boehner and mitch o'connell would be killed by their party if they appointed anyone with the least bit of kanwisheryness on tolerating revenue. maybe they would appoint someone who isn't open to revenue but don't think they could appoint any one moderate. >> boehner proudly said the other day i put $800 billion of revenues on the table. he's out there in principle as having staked s leadership on a deal that would have included $800 billion in revenues. >> you need not only the committee to include revenue but then it needs to be enacted. one of the big risks in the igger, one of the positive parts of the bill, while it didn't anything afrmative, it didn't do a lot of fiscal contraction, a small share, 25 billion of it was done in 2012. the trigger would do a huge amount of fiscal contraction in 2013. so we are still going to have a very wk economy i think in 2013. we're in for a hard flog here for a matter of here's. >> charlie: what do you think unemployment would be come october, november, 2012. >> i have a bet wit

have banned short selling on banking stocks france italy spain and belgium are boycotting traders bets which allow them to profit from falls in the share prices of financial stocks now the move follows high volatility in banking stocks on serious about their exposure to the euro zone government that the european market regulator says a temporary ban will help stop the tailspin on the markets but the bank could also put all their evil members into a tricky position as investors with negative views on banks might shift their bets to these countries. that has been a week of exceptional volatility on the world's financial markets and here there have been gains and losses greater than five percent the trend though has been down the sentiment fearful bordering on panic roland lash from vern the tappets also says that under such circumstances it's impossible to predict what might happen on the day to day basis but the outlook as particularly poor i think at the moment trying to work out what's happening on a daily basis is virtually impossible it's it's trading on fear is trading on governmen

you'll never forget a betting of like about it until the day you know. aired fiction how can it not affectionate you're taking some guy you know he's done something to somebody and you know this and you're taking some guys stripping him down and basically you're putting him to death because you're part of the whole process of doing it but yeah it bothers me to this day i had nightmares i wake up waiting i wake up with elbel nightmares that they won't do no good to tell you because you wouldn't understand it unless you've been there. twelve years after the execution of song sellers i met only one participant of the story who didn't seem to have the slightest doubts. this is oklahoma county's district attorney the man who demands of the death sentence for sean. macey held office for close to twenty five years he is known in the us for being the d.a. who has obtained the most death sentences around sixty. macy always claimed that the death sentence has a dissuasive effect and he reiterated that opinion during sean's trial. this may not be the best way to st

she's betting her life on dr. esleston's diet. >> she had a heart attack, doctors recommend she have intervention. she's not doing it. could she be putting herself at risk? >> no. data going back over 20 years and this most recent study about a decade, once they start eating this way you'll make your heart heart attack proof. >> heart attack proof. >> we know that if people are eating this way they are not going to have a heart attack. >> reporter: esleston thinks heart disease is completely preventable, no matter what sort of family history you have simply by eating right. >> it is a food-borne illness and we're never going to end the epidemic with stents, with bypasses, with the drugs, because none of it is treating causation of the illness. >> reporter: he has won some allies, like dr. terry mason. >> is there anybody who doesn't know what it is? >> reporter: chief medical officer at cook county hospitals in chicago and the city's former public health commissioner. >> we've eaten ourselves into a problem and we

all the tennis to former world number ones from russia to shut up and bet is not over have been knocked out of toronto's rule just cop shop of fell victim to kazakhstan's. boy of a shock six three seven five defeat for this year's wimbledon finalist as she goes out to play ranked only one hundred men think she. was a little bit nervous because i had my eyes points. but things happen and. i'm very glad. to go through that and the next two games i play again good and aggressive and i came back to my game. now wimbledon champion patrick and the french open we are also out in biographical beach while now went down to samantha style service trailer so in a williams though lived up to have bailing out and sharing screen. another major upset in montreal where joel for its own guy edged out the george of the last sixteen in film frenchmen secured the first set on a tie break before the sleeves rolled back in the second shot at the side of a stood me one sided with storming to take it by six games to one and progress in the quarter finals. no such worries for the top seed as novak djokovic sure

well bet that we were going to lose but you're not allowed to make that bet only moral course of action is to get up in the morning and figure out how to change the odds are that wagers and we're doing that weather will change i'm going off i couldn't tell you what good change you are. in the thirty seconds we have literally bill your message to work. you know what it's it's it's time it really is. inertia is a big force in human affairs it's hard to overcome it's hard for any of us to break out of our conventional ways of doing things but the moments come on and it's the biggest moment human beings have ever faced if we can't figure out how to change we're not we're at a walk if we do well you know we'll see it could be quite remarkable quite remarkable bill mckibben thanks so much thank you voice of great awakening and creative thinking on it i have. to watch this conversation again as well as our other conversations with a great minds go to our website.

i'll bet you, going out on a limb, obviously i can't speak for liberal democrats. i just think that after a day like this, where you saw that kind of presidential aura of hillary clinton as she made that announcement today, while barack obama was packing to head out for 10 days on vacation to golf and tickle his feet in the sand. i bet people if they had to do it over again who had that choice in the primary between hillary clinton and barack obama, i bet you today, they are saying, we should have gone with hillary clinton. >> greta: it is amazing to me. has he sort of given up that he would outsource that? where is the fighting spirit for him? i don't get this he was such a strong on the campaign trail. and he inspired so many americans. i was hoping he would inspire people who had never been involved in politics. he got them out to vote. now it is almost as though he's lost his steam. he seems to have lost the interest, at least right now in this month he has. >> different between him now and back there three years ago on the campaign trail is he was getting away

i bet if they have short-term money around it's in treasuries. i don't know that for sure but they would not be worried about it being in treasuries. >> rose: and that's, in fact, what happened. >> we can print money. there's 17 countries in europe that gave up the right to print money and, believe me, they don't want to give up the right to print money. >> rose: because they joined the euro zone. >> yes and now they have terrible problems because they can't print money. we can print money. we don't to worry about our government becoming dysfunctional but the printing press becoming dysfunctional. >> rose: so you are saying the united states can always pay its bills and it should not have its a.a.a. rating downgraded? >> that's correct. >> rose: what do you make of the chinese criticism? >> i'm sure they're enjoying in the a way. ll, i would critize, too, because if i were the chinese sitting with a trillion plus of u.s. govnment obligations one way another, i would be very worried about what's going to happen to the purchasing power of that. i m

the bet was what. >> the bet was he bet me i would win the pga championship, and i didn't. >> charlie: the hell of a life. >> it was full. >> charlie: it's an honor to be here. >> well thank you, it's an honor to have you here charlie. >> charlie: thank you. you once said this about golf. it is deceptively simple, endlessly calculated, but child can play it well and a grown man can never master it. it's full of unexpected and perfect shots it is almost a science but yet it is a puzzle without an answer. it is gratifying and tantalizing. precise and unpredictable. it requires complete concentration and total relaxation. it satisfies the soul and frustrates the intellect. it is at the same time rewarding and maddening and it is without doubt the greatest game mankind has ever invented. that's well said, sir. >> well, thank you very much. that was a long time ago. >> charlie: when did you fall in love with this game? >> well, charlie, i got to start at the beginning i guess and it's right here about 200 years from where we're sitting. my father started on this golf course at latrobe when