GM (General Motors) has gone bankrupt after all. The USA government has managed GM for the time being. I can't imagine what GM is for American people. It's said that GM has been the symbol of America's prosperity for a long time.
The symbol collapsed. What does this event mean for American people? Surely China and India will become the main economic power in the 21st century, but I think that economy of the USA is now in temporary stagnation.
Soon the USA economy will revive, and at that time the style of the USA economy will be completely new. That is to say, the USA will have strong industry again, and it will begin to export a lot of industrial products to the world.
Maybe the position of Japanese economy will go down, but now and in the future Japanese should try to create new technology, science and innovation.
Money and banking are the method of industry. It's a kind of bubbles. Anyway we should do steady effort, and finally only steady effort produces prosperity of the nation. It's no matter whether economy of the nation is big or small.