. >>> she was tough as nails before going into the "big brother" house, but the game turned monet thest contestant to be evicted after last night's live broadcast. >> yeah, that's really cute. >> i hope the other house guests are up to my standard. i don't want to be around anyone who's gross or just plain old nasty. >> the first person on the winning team to land on the platform on the other side will receive $10,000. >> $10,000, yeah. i mean, it donned on me, when you win that kind of money, people are jealous, so it makes you a target. >> by a vote of 7-2, monet has been evicted from the "big brother" house. >> monet, we saw a very emoti emotional side of you playing this game. what do you think your friend at home watching are thinking of what they saw in. >> probably, what a baby. whenever i watch this show i was like, why are these people always crying? you know, man up, deal with it. but you will never understand until you're in there, the amount of pressure you're under and it's just like -- it's an emotional roller coaster. there's no -- there's no release from it. you can't

you would see people become very concerned that the fed was monetizing the debt. >> reporter: a monetizing debt tool means printing money to curb spending. scott gurvey, "nightly business report," new york. >> suzanne: it will take intel a few more weeks to work out a settlement with the antitrust. first announced last month. but both sides have until tomorrow to reach a deal. intel has been under fire for rival chip-makers for years for its aggressive pricing and sales tactics. intel makes 80% of the c.p. u.s, the brains of the personal computers. >> tom: here is what we're watching for tomorrow: we'll take a look at the june existing home sales. and a busy day, including 3m, at&t, catepillar, microsoft, and u.p.s., to name a few. and will this charging station be a way to fill up in the future? it is one way the government is urging consumers to buy electric cars. we'll explain. >> suzanne: conrad black is now a free man. he walked out of a florida prison, released a day after the judge set bond at $2 million. $are, however, some restrictions: he can't leave the u.s., and must return to

governments of moved on a policy of monetize ocean and fiscal imprudence in order to socialize all the losses in the private side or the bag so to so in order to to allow the banks they needed to find some money and unfortunately that wasn't very forthcoming so they've had to create a consequence of that is that people understand the money is becoming gradually or actually rather rapidly worthless as a consequence there is a growing move into gold so when people talk about a bubble brewing in gold i think they're very misguided in actually what we're seeing is a bubble in paper currencies all right now when you talk about the governments creating lots of paper in the u.k. it's just been reported that the government has disk closed and they found magically many more trillions of dollars in bad debt that they didn't have or knew existed as early as two weeks ago so isn't part of the problem here in terms of the scenario going forward that all the money that's being created it seems to be even more bad debts. suddenly appear out of nowhere and then their result in fact is the situation we

will be another shock and or process where we will see more school priming and we will see more monetize ation and as you say the more you leveraging is they really have very little choice open to them they can either go down the route of an explicit default which is just not palatable if you are one of the get reelected or you go down an implicit route which is to reflate the system so yes they have a fire on their hands and they're going to have to constantly manage reflation versus this as you call it deflation but i would add. that you have to be very careful how you define inflation and deflation deflation or inflation is really related to money supply if the money supply is increasing you have a symptom of which is inflation a rise in the price of goods that is the definition so of collapse in money supply leads to what you call deflation although the money supply is reduce somewhat globally it's still probably runs at double digits so i don't see deflation in the terms that you express it i guess is a moot point then david because. what you're saying is that at some point when the

this sense as far as the monetizing, is the sense that you got it pretty much right? that it is appropriate to that? or is or is it a work in process? >> we started out doing audits of the planning effort. now we are doing audits of individual contracts to make sure they are being managed well. the assumption is that if we are not, it has to be a fee that needs to be changed to manage the others. you find out not just by looking at procedures, you look at something that worked on a certain project and expanding. one of the ones you will see upcoming this contractor performance. beverly is looking at the larger view of a contractor working and if we have enough measures to evaluate if they did a good job or not. are all of the things in place? we are trying a mixed reviews to see if they work. >> there is the developing of the metric. >> right. >> additional audits are coming out of the bottom in terms of spending in the finance and county perspective. >> the committee is now starting to have real money after getting these large revenue bonds. and >> not a including th

that aig back in the early '80s and citigroup and others started to do this, they started to quote, monetize their rating, and the department demanded that these be set alone and called monolines and they could only do this one business, they had to be standing alone, they had no access to the guarantee funds to government bailout, and they were highly regulated with very high capital requirements and a low return to equity. they weren't going to be, you know, leveraged businesses. and the belief was that if they went, you didn't want them to take down the government through the guarantee funds or an otherwise stable insuror. is this starting to sound familiar? okay? there's a good argument that i told your staff that what aig did and the ceos there and executives, was they figured out after the cfma that they could basically bolt on a severely undercapitalized monoline, get the aaa rating of the holding company, and sell guarantee insurance without the capital set aside that it would have otherwise required under new york state insurance law. that is why i believe it was so profitable for s