[Travis McGee]

Bailouts Will Push US into Depression: Manager (CNBC)

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, Martin Hennecke, senior manager of private clients at Tyche, told CNBC on Thursday.

“We expect a depression in the United States. We expect a depression, very possibly, also in Europe,” Hennecke said on “Worldwide Exchange.”

rest at link

http://www.cnbc.com/id/26656750/site/14081545/

[Travis McGee]

Watch the video at the CNBC link.

[hiredhand]

Ah...they'll just keep printing more "script". Eventually, it's the people that will decide that the stuff isn't worth the paper it's printed on. ...and when confidence suddenly drops that low, it will be straw that breaks the camel's back.