Re: Does Japan's $93 trillion monetary base include their Postal Savings Accounts?

"Christian Party" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
>

<snip>

>
> "Where_could_that_much_money_come_from_?"
>
> It's called "personal savings", Roy L, a concept which was obviously lost
to
> this putative Christian nation once we permitted the crime called usury.
> But Japan doesn't have usury, and Japan does have personal savings in an
> amount that you probably can never conceive of.  Let's try to make it real
> simple for you.  After all the hooplah about the "Asian Economic Crisis"
and
> the "Japanese Banking Crash" and the "Failing Japanese Economy", Japan
> quietly announced via it's government web site that its 2002 GDP was
$5,058
> billion (at 107 yen/dollar), up a whopping 5.5% from 2001, and up 15.3%
from
> 1990 (not counting the increase in the value of the yen, which makes this
> increase in dollars even more dramatic).
>
>
> http://www.stat.go.jp/english/data/figures/pdf/2004f.pdf
>

You sure you are reading the numbers right?

According to Table 24, holding prices at constant 1995 levels, percent
change in GDP from 2001-2002 was 1.6%!

> With 40 million worker's households, even a "liberal" could figure out
that
> this is $126,450 per household, right?
>

No, only an idiot such as you.

Table 21: Wages - Average Monthly Cash Earnings of Regular Employees, by
Industry

Highest: $68,000/year
Lowest:  $32,747/year
Average: $43,514/year

(Using 2002 figures and YOUR reference of 107 yen/dollar. Converting to
yearly equivalent.)

You could also look at Table 67: Average Monthly Receipts and Disbursements
of Workers' Households

For 2002, Disposable Income was listed as $452,501 yen, of which $330,651
was spent.

<silliness deleted>

James Powell