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endangering the lives of civilians who could be caught in the crossphile. jurlists, three being held after five days at the tripoli hotel. cnn's chaunce was one of them. steve jobs will step down. jobs is on his third medical leave of absence. he didn't mention his health problems directly but he said the time has come to resign. portions of the u.s. east coast are likely to be under a hurricane watch in just a few hours. hurricane irene is tearing through the bahamas right now with sustained winds at 160 miles an hour. it could hit the populated, northeast this weekend. those are ...

The same way you look at pork bellies or wheat. you don't think of wheat as an investment. it's a commodity. >> gold is in a certain sense a commodity, ali, but it's also a currency. when you buy gold, you do get a return when inflation is rising, and certain some of the measures of inflation right now are quite low. if you look at commodity inflation, it's gone crazy. what happens when you have high commodity inflation like we do, commodity scarcity, you have to print ever more money, ever more currencies. i believe it's a race to the bottom. with the european debt problems, our own debt prob...

Same way you look at pork bellies, wheat. you don't think of wheat as an investment. it's a commodity. >> what do you think, stephen? >> it is in a certain sense a commodity, but it's also a currency. when you buy gold, you do get a return when inflation is rising. if you look at commodity inflation, it's gone crazy. what happens when you have high commodity inflation like we do, commodity scarcity, you have to print evermore money, evermore currency. i believe it's a race to the bottom with euro, the european debt problems right now, our own debt problems here, we're going to have to continue...

Inflation up, the dollar way down. ring any bells with today? >> that's the potential nightmare that we could face if this easy monetary policy explodes out there at some point in the future, but i think we are at the edge of crisis right now and it's a crisis of american authority. the dollar is in many ways delinking from currencies around the world. and there's inflation in europe, there is inflation in asia, significant inflation in asia and now in europe, the head of the european bank, jean claude trichet says he's concerned about commodity inflation and they just raised interest rates an...

inflation up, the dollar way down. ring any bells with today? >> that's the potential nightmare that we could face if this easy monetary policy explodes out there at some point in the future, but i think we are at the edge of crisis right now and it's a crisis of american authority. the dollar is in many ways delinking from currencies around the world. and there's inflation in europe, there is inflation in asia, significant inflation in asia and now in europe, the head of the european bank, jean claude trichet says he's concerned about commodity inflation and they just raised interest rates...