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Charles Biderman--There's Not An UnRigged Market Left In The World 08.Aug.12

  • Broadcast in Finance
Financial Survival Network

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Charles Biderman is one of the savviest investors we've come across in a very long time. He's long gold and inflation protected securities as well as being short a number of sectors that he believes will be the next crash victims. We asked him frankly if there was a market in the world that was not rigged and was functioning as it was intended. His answer was an unhesitating and resounding NO! The unabated flow of free money given out to the favored Too Big To Fails and other financial institutions has completely corrupted the financial system. It's no longer a place where capital gets allocated and growing businesses get needed financing. Which is why companies use the free money to buy back their stock instead of expansion. And until the government lets it all fail, nothing can change.