alternative energy senators were talking about it on capitol hill today but commodities expert dr stephen leeb is here to tell us if the u.s. is already being left in the dust compared to other countries when it comes to renewable energy development and what this means if we truly do face oil scarcity let's get to today's capital account. so by late yesterday the spanish so called solution the bank bailout had already turned back into a crisis it is evident in spanish bond yields that we saw a spike today to a record dragging italian bond yields with them they they were up to and of course greece is next on the docket we have elections this sunday so uncertainty really seems to be the name of the game and in terms of policy solutions and to what extent the private sector will buy into them that is a big question mark so one is as uncertainty were reconciled with other factors mean for currencies and commodities especially oil and gold let's talk to the expert dr stephen leeb joins us today he's chairman and c.e.o. of leave capital management and author of red alert how china's growing prosperi

factors mean for currencies and commodities especially oil and gold let's talk to the expert dr stephen leeb joins us today he's chairman and c.e.o. of leave capital management an author of red alert how china's growing prosperity threatens the american way of life and he is an expert on all things commodities oil and gold particularly so first talked earlier about want to start with the euro though because first i want to bring up a chart for our audience of the euro's trading range viz a viz a dollar this is over the past eight years and what's really remarkable is that despite the incredible weakness in the euro all of the bearish news in sentiment surrounding the currency you know that's hardly a decade old it's still within its trading range so it's low but it's within the range we've seen over the past eight years or so dr levy what does that say about the u.s. dollar. it says that the dollar and the euro or both both basically very very weak currencies and it's sort of been a race to the bottom lately that europe is you're always been winning that race but it's only a matter of time i