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Car Audio Entertainment: RaySat, AT&T Make Their Move

You have good points, SL62. But we all must understand who "money" is. In order to create money you must make something for provide something people want and can afford. Our wealth leaving our country every day means we can no longer afford....
1. 20 dollar meals
2. SOmeone else to do you lawn.
3. Movies everynight.
4. Expensive house assessories.
5. Luxury cars.(no more credit, no more high paying management jobs..)
6. Boats.
7. Vacations every year.
These are all concepts that Americans are going to forfeit to get out of this mess. our standard of living will change forever. Foreign countries arent going to sit back and watch us enjoy the fruits of their "labor" anymore. 2 billion dollars a day just to keep our country running. It will go up. Someone has to buy this foreign debt. To keep those "dollars" from coming home by changing the dollar thats accepted here is not going to work. These dollars are all in the form of treasures my friend, not FRN's. They are electronic blips on a computer screen. When those dollars go to "work", there will be too many dollars chasing too few goods"inflation". So whenever one wants gas, oil, nat. gas, coal, steel, gold, minerals, food, water, this stuff is going to cost a fortune. High def tvs will "deflate" due to market share loss(those units will be sold at the price they want elsewhere if they cant get it here)...etc...
So you will see some prices come down, as each country as you said "races to the bottom". Your right, its not a coincidence that every country on earth worries about a strengthening currency"making your products cheaper and cheaper as possible". Of course the end game of devaluing all currencies is higher prices in all currencies. Is inflation any less of a problem if its global? Do I care if China is paying more for water, if I have to as well. This should raise their prices, but China is fighting that and they have better tools to do it. Take away our service industry and retail that supports credit spending, and you dont have a GDP that impresses anyone...vs. what we spend as "work units" As of right now, it would take infinite work units to pay our debt off. Only solution is hyperinflation, or a complete meltdown of our economy. Only two choices. Deflation is not an option, as it would kill our country.