shannon o'neill joined from us last week. this is venezuela. ears 2008. this is the ugliness of this lehman crash, and they've absolutely blown through. this is one of the few charts that's blown through where we were six years ago. >> and this right here, right around here is when venezuela actually threatened to sue an analyst who was worried of default, and that's where they threatened to sue. here's where we are a month later. >> yeah, and you mentioned the yields on oil paper. >> 50%. >> and the full faith and credit venezuela, and that's a pun, is gone from 12 to 24. >>. >> well, rip up the script here. the quiet and joy of the holiday season has given way to a global staredown at your cell phone. what is the price of oil? look at the negative rates in europe and equities rolling over. the founder of w.p.b. is with us, the largest advertising company. we're thrilled to bring you this morning, well-timed, the senior policy advisor with a passing knowledge of commodities. i'm going to go to you and be rude to sir martin. >> how dare you, no. >> what w

we dragged along shannon o'neill -- >> do the end, come on. >> i want to talk -- >> now, wait a minute, tom. look at that chart of the 10-year. what does that tell you? >> what -- >> it tells you it's a screaming bye when yield is over 2% versus the one, which is below 1%, and the dollar is rising against the yen. >> you reaffirmed this morning, bond prices up, yields low, and the 10-year yield goes to 2%. >> it's going to 1%. >> 1.00%? >> 1%. >> ok. >> i want to talk to dr. o'neill, ok. we ignored -- brendan and i were talking about this -- we have ignored venezuela. there's putin and this and that. how critical is this weekend for the nation of venezuela? >> well, venezuela has really entered a downward spiral. we've seen the economy is failing. the public opinion polls for the president have been falling. we've seen a huge spread in the real exchange rate and the black market exchange rate. the real exchange rate, there's two of them, six and 10. the black market topped 180. the economy really, in many ways, is in free-fall. >> which institution bails them out? is cuba going to come