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our allies, you get a sense of unease here. and number four, bill, some states in america, notably california, are in the same debt position as some european countries. they re out of money. they re close to default and they will require a federal bailout. watch the price of gold, bill. that s a good indicator here. bill: it was up yesterday a couple of bucks, as i recall. yeah. bill: stu, does greece move to spain, does spain move to portugal, does all of that move here? yes, that s way over the horizon. the distant horizon, moving here. it is already moving to portugal, spain and italy. the cost for those governments to borrow money has gone straight up. that s a surefire indicator there is great doubt that they can borrow money and repay it. so you ve got a case of this in europe but will it spread to america, initially for the federal government, absolutely not, top money

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