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moammar gadhafi and members of his family. several hours ago, a senior rebel commander told cnn that one of his sons, khamis gadhafi died sunday night in a battle in northwest libya. also today, algeria revealed it had allowed gadhafi's wife and daughter and two of his grown sons and some of his grandchildren to enter the country for what they call humanitarian reasons. nic robertson is in tripoli now. can you update us on the latest on this humanitarian so-called giving of them refuge in algeria? >> reporter: you know, one of the interesting things is that algeria still recognizes m...

pictures, and live pictures now, and he is going to be bringing in a jobs pro to tackle the crisis, and we will have that live from the white house. you are looking at the rose garden there, and we will bring it live when it happens. the president is set to nominate allan krueger to chair the council of economic advisers, and he is a professor at princeton and served as assistant treasury secretary until next year. and stewards of hurricane irene are expected to cleanout to day. it is not what many predicted, but irene did leave a severe scar. the storm took 24 lives and more than ...

Unemployment in this country? >> yes, absolutely. i think the wolf is at the door. we have gotten away with this massive deficit financing for years now because most of the debt was being bought by the central banks. we're now at the point where the fed is going to stop buying the debt in june. it's going to stop qe-2. the japanese are going to be selling u.s. treasuries probably, not buying them, because this massive crisis they have. and we saw this quarter that finally for the first time in decades, china has a current account deficit, which means they won't be intervening in their markets ...

>> explain that for people if they're trying to get in on the conversation. >> both republicans and democrats really are responsible for this huge deficit financing. so if only the market could buy that debt -- interest rates would go up and the congress would have to quit spending. but the fed comes in and buys it and keeps interest rates low. but eventually, that turns into price inflation in which i think you have observed already today, a tremendous amount, gold soaring again today. >> food, commodities, all day long. >> yeah. and now that is a tax on the people. you know, literally, the p...

System dependent on deficit financing and inflated currency. bill: do you think members of congress, are they serious about breaking the addiction that you describe. >> no, i don't think so. they are serious about portraying themselves to the grassroots to satisfy the 20, 30% who are angry with washington and know that is not the majority of people and when it boils down to it, the majority of people, still, want to make sure that they are getting air programs financed and those people who hate obamacare, boy when they talk about president bush's programs with medicare and medicaid and they ar...