Senior manager of private clients at Tyche, Martin Hennecke, believes the U.S. is on track to lose its 'AAA' rating. Large amounts of debt he says, means bankruptcy of the U.S. government is not an impossibility.
"In the United States there is already a funding crisis, and they will have to sell a lot more bonds next year to fund the bailout packages that have already been signed off," Hennecke told CNBC.
Hennecke also advised radically cutting spending across the board, and recalling all American troops in order to help stave economic slowdown. Suggesting that as far as stimulus packages are concerned, there is not much left to stimulate.