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Debt Relief – Insolvency – Bankruptcy Information » Bankruptcy Help » Will all the bailouts lead the country into massive bankruptcy to the point where we can’t recover?

Will all the bailouts lead the country into massive bankruptcy to the point where we can’t recover?

If the national debt is already in the trillions,and if we just keep bailing out corporations, what will stop the country itself from going bankrupt. What would the end solution really be, the “Amero”?

Would our leaders just come out and try to pass of a North American Union? yes or no? I can imagine that probably they have nothing more to offer than that.


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12 Responses to "Will all the bailouts lead the country into massive bankruptcy to the point where we can’t recover?"

  1. Killer Queen says:
    If you have a better answer to the bailouts, please post it. I would love to see it.
  2. Phil M says:
    If the companies go bankrupt our GDP falls through the floor and we go bankrupt anyways…
  3. Mr S says:
    It would most likely be a situation like Argentina in late 90s/early 2000s.
  4. Angel Of Death says:
    I only have three pieces of advice.

    Buy Guns

    Buy Ammo

    Buy Ammo


  5. Lucy2 says:
    Japan and China, the creditors of this country, think the war deficits will kill the US economy. crush the currency. please read!!

    The USD has been going lower against JPY, Yuan,NTD,and HKD. July 07 $1usd=127JPY, today 1usd=87JPY.

    The usd has been going higher against Euro, yet, it was predicted that it will start a downward spiral as soon as all the US banks finish withdrawing their investments in Europe for US dollars that they urgently need,
    and that process just started on last Friday, for the first time in 9 month, USD started going south against Euro, today 1USD=0.69EUR.

    Since 2004, when the amount of the government bond issuance reached an annual average of $400 billion, 94% of US government bonds have been purchased by China and Japan.”There is no wonder the dollar will weaken,” said Eisuke Sakakibara, Japan’s former top currency official and now a professor at Waseda University. “The dollar now looks strong for a technical reason. The money the US financial
    firms had invested in the world is being repatriated into the homeland, causing dollar-buying.
    But once this conversion into the dollars is done, the currency will head south,” Sakakibara said at a forum in Tokyo on Sunday.

  6. Saco von Zetti says:
    Only if the very wealthy continue to take so much and return so little- they need to be heavily taxed eventually. We are probably heading for a depression of unknown severity as businesses continue to go bankrupt over the years- it took a full 3 years to hit bottom after the crash of ’29. And it will be much the same now. None of the people at the top are using the ‘D’ word but I find it almost inevitable- hope I’m wrong. A N. American Union will do nothing but cheapen American jobs and enrich certain businesses much as Nafta has done- one thing I blame Clinton for. Interest on the debt is already close to half of all individual income tax returns- money gone forever thanks to Bush doubling it.
  7. Burnt Bagel says:
    yawn, anyone spouting stuff about “ameros” needs to get an education.
  8. Pfo says:
    It is possible.

    The Amero is not any sort of solution. As it stands, our currency is worth more than the Canadians or the Mexicans, so unifying the currency stands to hurt us at this point. If our money becomes worth less than those two countries currency, then moving to an Amero currency strengthens our value.

    The US is still a strong international leader in trading. Until that stops being the case, their is no point in entertaining the prospect of a North American Union, it simply will not happen.

  9. Barracuda says:
    Hahahah, unfortunately, most people here will only figure it out when it’s too late.
  10. kotikod13 says:
    Yes do you really think they have this money in a vault the barrow or just print it which devalues our money. and does this sound familiar it is germany after WW1…

    The German economy was especially vulnerable since it was built out of foreign capital, mostly loans from America and was very dependent on foreign trade. When those loans suddenly came due and when the world market for German exports dried up, the well oiled German industrial machine quickly ground to a halt.

    As production levels fell, German workers were laid off. Along with this, banks failed throughout Germany. Savings accounts, the result of years of hard work, were instantly wiped out. Inflation soon followed making it hard for families to purchase expensive necessities with devalued money.

    Overnight, the middle class standard of living so many German families enjoyed was ruined by events outside of Germany, beyond their control. The Great Depression began and they were cast into poverty and deep misery and began looking for a solution, any solution.
    …………..if you do not learn from history you are doomed to repeat it…..

  11. imback_missme says:
    This bailouts will only prolong the inevitable and saves the rich once again while the rest of us pay for their greed.If this isnt socialism, then what would you call it?
    Make no mistake, the End Game is almost complete.

    First they planned and drew up plans to invade Iraq and Afghanistan

    Second they let happen/created a terrorist attack to get special powers over the Constitution and people by the formation of a World monitoring structure while attached to the Military Industrial Complex

    Third – they planned and executed this entire collapse of the American loan and banking debt system for the purpose of handing the entire monetary and loan system of our Nation over to the privately owned Federal Reserve.

    The fourth step is coming – Food control and rationing along with free trips to the FEMA camps for dissenters in time of declared Martial Law.

    The goal of all of this is to get one step closer to a one World currency by using a bailout system with Canada and Mexico in the so-called conspiracy called “The North American Union”. They created the collapse and now act and look like our saviors.

    From there you have the Amero – and the Euro!

    All national leaders involved will then agree that it is in the best interest of all World citizens to join those two currencies together creating one currency.

    Its all about the wealth and power and nothing about our security from terror or financial collapse!

  12. Johnb645 says:
    I value the post.Thanks Again. Awesome. aedkeeeeackf

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