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

"Bob LeChevalier" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
> "Christian Party" <[EMAIL PROTECTED]> wrote:
> >This is all you need to estimate Japan's actual savings figures:
> >
> >$126,450 = GDP per household
> >
> >47,940 = living expenditures ($3,995/month x 12 months)
> >
> >16,476 = taxes ($1,373/month x 12 months)
> >
> >$62,024 = savings = 49% of GDP
>
> Since when do households get their share of GDP as income, silly?  By
> that standard, Americans have $100K per household to spend, which is
> around double the real amount.  We'd have a high savings rate by that
> calculation.
>
> >$2,481 billion = gross savings ($62,024/household x 40 million
households)
> >
> >THIS IS ONE YEAR, Roy.  "Where_could_that_much_money_come_from_?"  It
comes
> >from PERSONAL SAVINGS, a habit you might enjoy if you even understood the
> >concept.
> >
> >What is Japan's REAL savings rate?  FORTY NINE PERCENT!!
>
> Nope.
>
> lojbab

The difference is government spending.  All government spending in Japan is
only 9% of household incomes, whereas government spending per household in
the US exceeds the median income of men employees by 7% and women employees
by 46%.

What Japanese households put in private savings, American households
"invest" in "multiculturalism" by government fiat.
http://members.fortunecity.com/zz8/ushouseholds.htm

John Knight