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Latest updates on this topic from reliable sources.

All of these things have happened over and again the last two years. we we ran out of stimulus in 2010 the market sold off and then we started going back up. when we ran out of stimulus in 2011 the same thing happened. the thing is, though, the federal reserve board is not talking about stimulus now. either is the ecb and we are running into a debt wall. now, these debt walls have -- we kicked the cans down year after year after year but now we have got this giant aluminum death spiral waiting and it is visible and we will see harsh defaults. that is deflationary and one reason prices are goin...

Understanding? >> the law of physics. supply and demand applies also to capital. >> mike: you have a chart that talks about what happens when we hit the debt wall. i want to tell everybody there is no way possible for us to get to all of this. go to marc's website about the debt wall. we will keep it up on the screen throughout the segment so you can get information. you will want it and need it but we can't get to all of it. describe what you mean by the debt wall and why we are so dangerously he close to it. >> first, remember, this is a world global debt problem, not just the united states....

And the crazies in the street. >> europe hit the wall. a debt wall. people will not listened them anymore money so they have to stop spending and cut t debt. they don't want president obama to be out there calling for more spending but that is what he was doing. so you have a clash. on the streets what you have now is violence. >> they are not tea party people? >> if they were tea party people, they do not behave like that, but can you imagine what the mainstream media would have done about the demonstrations? instead, they are saying, they are amateurs, amateurs. but they are radical environm...

Approach that debt wall. as we said many times, gregg, the europeans have hit that wall, they have to turn the corner, they've had to reverse policy. america is going down that road. if we add even more to the current decifit, which is about $1.4 trillion this year, you add to it another three -- another 30, $40 billion, you're hit thank wall sooner. that's the danger here. you could, repeat could, see a ig -- a big drop in the dollar. that's a possibility, butis coming closer if we extend the decifit. gregg: there's a danger on the other side, the political danger of appearing to be heartless...