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

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

>> 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.
>
>Our negative balance of payments is almost half a trillion dollars each year
>now, and most of that is with Japan.

As usual, you don't actually check before spouting off.  Only about
1/8 of our negative balance of payments is with Japan, using a recent
month as an example:
http://usembassy.state.gov/tokyo/wwwh20030313a6.html
We have equally large negative balances with Europe and Canada, and
our negative balance with China is almost twice as large as with
Japan.

>> >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.

No.  We have financial assets alone of $90 trillion, and that doesn't
count assets in real estate and commodities.

>>  This is
>> >a $36 trillion loss in only three decades.  Where did it go?  Japan.
>>
>> Most did not.
>
>Where did it go?

Somewhere in your imagination, since it never left.

lojbab
-- 
lojbab                                             [EMAIL PROTECTED]
Bob LeChevalier, Founder, The Logical Language Group
(Opinions are my own; I do not speak for the organization.)
Artificial language Loglan/Lojban:                 http://www.lojban.org