With Americas debt growing at $800 billion a year sooner than later they are going under to the pile of debt. At that point in time they will take the rest of the world with it. The whole of Americam debt is so large that there is not enough money in the world to pay off the debt they have at this point in time. The last time the USA had a debt half this size at 3% of GDP interest rates went to 18% this time they have 6.4% of GDP as a debt and going up at a fast pace. They are losing high paid manufacturing job to China and services jobs to India, all you have to do is look at Ford or GM, Delta Airlines is just going into chapter 11. they have past on there pension scheme to the govornment to take care of for them. This as well as crude oil prices, asset bubble in housing and terrorism. We are headed towards a depression bigger than the 1929 to 1932 one.
