The European debt crisis seems to get worse every day with no real solution in sight, just bailout after bailout. This may look like it is an effort to save heavily indebted countries, but it is really all about saving insolvent banks. Charles Biderman, CEO of TrimTabs.com, says, “. . . what we need is a central bank wipeout, which I think we really need to clean the decks so we can go forward and prosper as a globe.” Biderman predicts the Euro will fail, and we are in for strong inflation and deflation–at the same time. Greg Hunter goes one on one with this investment pro to get his take on what’s going on now and what to prepare for in the not-so-distant future.
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.