American Economy and Consumer Global Impact

I have been observing very cautiously about the American lifestyle, businesses, people, consumers and its global impact.

I believe along with all others..Change is here... From Presidents to the American consumer...No where in the World there is so much wastage of resources. Start from Garbage to Oil - biggest consumer of the World is America and no doubt that America is the biggest economy of the World for the same reason. American consumer consumes about $9.1 trillion dollars every year and total world's GDP is about $44 trillion. India + China together consumes 1.3 trillion dollars every year and has total 25% of the population and American's population is just 1/3 of only India. So just imagine if the american consumer is changing and consuming less and less day by day, what is going to happen?...No doubt this is going to be devastating to overall Global economy. But here is the American who is taking over the debt on debt and trying to fuel the economy from the Banks and now that is trickle down economy that Obama criticized all over his 21 months of campaign now he is the first in line to bailout all the industries of America, from Banking, Real estate, Auto and soon and slowly even porn, hollywood will be in line because when there is a free money is ditributed who doesn't want it?. I'm being bit sarcastic here but the truth is that business rely on the consumers to make money and if American Consumer is rethinking how to lead their lifestyle that $9 trillion will be shrinking and $44 trillion GDP will keep rising since money is being printed by American Govt. and soon it will devalue the dollar. At this time its so foggy people are not able to see even 12 inch front of them in terms of Economy so for Americans - money closer to them seems safe rather than investing in other countries and other contries think that dollar (USA govt.) is the safest bet in the volatile market...and hence dollar is high...

I envision that American economy will dip a bit but will eventually will bounce back in the future; One way of looking is that its beneficial to have such a dip where people realize the importance of wealth and feel happy that they are priviledged until now, it is difficult to go through this cycle but seems necessary... If you see economy and creation of wealth is just a "mindset". A confident consumer will spend the money that is earned, that money will benefit the businesses, businesses study the consumers and invest into the business to make more money and consumers like to avail and use it as earliest opportunity. Innovation is fueled at this stage that brings job growth that provides money to "potential consumers" and this cycle continues... but when the "consumer mindset" changes, this is a vicious cycle where everyone starts loosing from consumers to business... compared to above example where everyone feels wealth and priviledged.