Biderman – Obama and Bernanke Bankrupting America

Trim Tabs founder, CEO and market advisor Charles Biderman points out the sickeningly simple math behind the giant deficits and debt being racked up by the Obama administration, as enabled by a willing Federal Reserve under Chairman Ben S. Bernanke. 

Mr. Biderman points out that the U.S. is borrowing more money than it can ever repay, “even if the economy zooms from here.”   He sees the United States of America heading “towards bankruptcy, but no one, not even the republicans are talking about the real numbers!”

He then lays out the real numbers in simple, easy to understand and grasp fashion.  As Grant Williams might say, “hmmm.”   

Video below... 

 

Source:  Trim Tabs via YouTube
http://www.youtube.com/watch?list=UU_FouojmbzN_jwBVkroDQBw&v=nRuXyJMBqs8&feature=player_detailpage