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

On Tue, 25 Nov 2003 11:12:03 -0800, "Christian Party"
<[EMAIL PROTECTED]> wrote:

><[EMAIL PROTECTED]> wrote in message news:[EMAIL PROTECTED]
>> On Sun, 23 Nov 2003 12:34:19 -0800, "Christian Party"
>> <[EMAIL PROTECTED]> wrote:
>>
>> ><[EMAIL PROTECTED]> wrote in message
>news:[EMAIL PROTECTED]
>> >> On Sat, 22 Nov 2003 14:23:07 -0800, "Christian Party"
>> >> <[EMAIL PROTECTED]> wrote:
>> >>
>> >> >Because the blithering numbers you're accepting are off by two orders
>of
>> >> >magnitude using any and all estimates of Japan's actual savings rate?
>> >>
>> >> Wrong.
>> >>
>> >> >Because I know from direct blithering observation what the Japanese
>> >savings
>> >> >habits are?
>> >>
>> >> Because you don't.
>> >>
>> >> >Because it's blithering absurd for you to think that Japan's total
>> >savings
>> >> >could be only $2.4 trillion when the Japanese might have saved that
>much
>> >in
>> >> >one year, most of which was deposited in PSAs?
>> >>
>> >> Idiocy.  _Where_could_that_much_money_come_from_?
>> >>
>> >> >If you look at it closely, you'll see your error.
>> >>
>> >> Wish I could say the same...
>> >
>> >"Where_could_that_much_money_come_from_?"
>> >
>> >It's called "personal savings", Roy L,
>>
>> No, it isn't.  I didn't ask where you imagined the money was going.  I
>> asked you where it was _coming_from_.  If they aren't spending any
>> money on consumption, where does the money they are saving come from?
>> Who is paying it to them?
>
>About a third of it came from the US, as we're one third of Japan's foreign
>trade.

Where did the rest come from?

And in any case, foreign trade is only a fraction of Japan's GDP, and
much of what the US pays Japan Japan pays back for US products.  Your
explanation is garbage.

>In 1973 we had the equivalent of $18 trillion in net worth and no real debt
>to speak of.  Today, we have a negative net worth of $18 trillion.  This is
>a $36 trillion loss in only three decades.  Where did it go?  Japan.

Most did not.

>Where
>did the savings in Japan's PSAs come from?  Some of it came from us.  Where
>did the other two thirds come from?  The ROW.

Silliness.

-- Roy L