Now I get
Backtrace:
In ice-9/psyntax.scm:
1259: 19 [#<procedure 8f2da28 (test then else)> #f (if #f (if #f # #f) #f) #f]
1259: 18 [#<procedure 8f2da00 (test then else)> #f (if #f (if #f # #f) #f) #f]
1259: 17 [#<procedure 8f2d9d8 (test then else)> #f (if #f (if #f # #f) #f) #f]
1259: 16 [#<procedure 8f2d9b0 (test then else)> #f (if #f (if #f # #f) #f) #f]
1259: 15 [#<procedure 8f2d988 (test then else)> #f (if #f (if #f # #f) #f) #f]
1259: 14 [#<procedure 8f2d960 (test then else)> #f (if #f (if #f # #f) #f) #f]
1259: 13 [#<procedure 8f2d938 (test then else)> #f (if #f (if #f # #f) #f) #f]
1259: 12 [#<procedure 8f2d910 (test then else)> #f (if #f (if #f # #f) #f) #f]
1259: 11 [#<procedure 8f2d8e8 (test then else)> #f (if #f (if #f # #f) #f) #f]
1259: 10 [#<procedure 8f2d8c0 (test then else)> #f (if #f (if #f # #f) #f) #f]
1259: 9 [#<procedure 8f2d898 (test then else)> #f (if #f (if #f # #f) #f) #f]
1259: 8 [#<procedure 8f2d870 (test then else)> #f (if #f (if #f # #f) #f) #f]
1257: 7 [#<procedure 8f2d848 (test then else)> #f (if #f (if #f # #f) #f) #f]
1186: 6 [syntax-type (if #f (if #f (if #f # ...) ...) ...) () ...]
 579: 5 [syntax-type if () ((top)) #f #f (hygiene guile-user) #t]
 293: 4 [get-global-definition-hook if (hygiene guile-user)]
In ice-9/boot-9.scm:
2697: 3 [#<procedure 8c38450 at ice-9/boot-9.scm:2696:4 (name #:optional autoload version #:key ensure)> # ...]
2512: 2 [nested-ref-module #<module () 8c25ca8> (guile-user)]
2294: 1 [module-ref-submodule #<module () 8c25ca8> guile-user]
1925: 0 [#<procedure 8c31240 at ice-9/boot-9.scm:1925:2 (module)> #]

ice-9/boot-9.scm:1925:2: In procedure #<procedure 8c31240 at ice-9/boot-9.scm:1925:2 (module)>:
ice-9/boot-9.scm:1925:2: Throw to key `vm-error' with args `(vm-run "VM: Stack overflow" ())'.


Using guile --no-auto-compile on the same file, I just get
Backtrace:
In ice-9/psyntax.scm:
1259: 19 Aborted (core dumped)


That's the stable version of GUILE included with Ubuntu 14.04.

-- 
David Kastrup