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

America is a consumer, that is their part in the world. You make it, well buy it. But we give nothing back for the goods we consume. We give back ever decreasing valued dollar assets, that has lost over 92% of its purchasing power. That is a trend, and leads to 0. Forgiving our debt is one thing, but as they shift products towards other markets, more responsible countries that dont just print toilet paper, the need for us to consume will drop less and less. You bring up a good point, sl62, we are only 300 million people, a small number. We can be replaced. What do we do? We buy a product we can afford(low intererest rates, free money, overpriced jobs that dont support the bottom line, etc..) and use it. They make it, we use it. Anyone can use it, the power is in who makes it. It always has been, and always will be. What were we to get to such a huge world power in the 1970'/80's. It wasnt because we were the most technological(we became the most technological by having the most money(work units) of any other country. We PRODUCED more than we consumed, and made a profit. We loaned this money out, now we are the borrower. Who do you think is going to be better off in the long run, JP Morgan, or the people who owe JP Morgan? I think you know the answer to that. Yes, I was referring to the upper middle and even the middle class now that use services they never really could afford. All those service industry jobs are gone, and will not come back. From there you have suppliers who dont get as much business, and it trickles down throughout our 70% service based economy. Our 30% of real GDP cannot support our lifestyle, now that we have like you said "let the cat out of the bag". It wont buy us what it once did, and inflation will make it even harder to afford anything beyond energy, food, and clothing. Just like in the old days, when we were on the gold standard, and 90 percent of the population could only afford the things Ive mentioned. The last 10 percent that will be "rich" cannot support a service economy. We then will have to start making products here again, from our houses, small shops, and sell to the local market(China will not bother selling cheap tvs to a country when they can get more at another. There will be fewer tvs around, therefore it costs more to ship smaller units(they will eventually be expenive to us like they are expensive to lets say someone who lives in China 10 years ago, or today. But in 10 years those TVS will be dirt cheap to them. Keeping their economy going, while ours suffers. There is one hitch...And it was our problem(we produced so much here we need to import energy, supplies, materials, etc...which means you need a good foreign policy.
Our foreign policy to handle this problem was to set up a hundred fake governments throughout the world that would supply us with what we needed cheaply, and 700 military bases to back it up(nukes dont hurt either). But we got greedy, and shipped too many jobs and our way overseas, and here we are today. Now dependent on the world, instead of the world johnsing for american products. We have technology companies here, top notch, thats good, but that can be stolen and bought away, and engineers are like whores, they can be bought at any price.

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.