Bailouts Will Push US into Depression

The end result of the global economic slowdown may be the U.S. announcing national bankruptcy as the government cannot afford the bailouts that it promised and the market will not bail out the government.

We can expect a depression in the United States if congress goes through with the estimated trillion dollar Obama bailout. US already have committed $14 trillion in guarantees. These debt figures across the U.S. economy are rising very sharply. When the government can no longer pass the United States' "immense debt" on to taxpayers, it will turn to the holders of U.S. dollars, leading to the eventual downfall of the currency.