“The US Is Bankrupt,” Blasts Biderman, “We Now Await The Cramdown”
by Chris Hamilton
ZeroHedge.com
08/04/2014
There are many ways to look at the United States government debt, obligations, and assets. But TrimTabs’s Charles Biderman cuts straight to the bottom line and add it all up – $89.5 trillion in liabilities and $82 trillion in assets. There. It’s not a secret anymore, and although these are all government numbers, for some strange reason the government never adds them all together or explains them – but we will. No one can really know what will have value in this politicized crony capitalistic system as the hyper-monetization ramps up… all I can suggest is to hedge your bets with some physical precious metals and some minimal leveraged real estate. Unfortunately, the more you know, the more you know you don’t know… invest and live accordingly.
The Rest…HERE
