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

"Christian Party" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
>
> "James Powell" <[EMAIL PROTECTED]> wrote in message
> news:[EMAIL PROTECTED]
> >
> > "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%!
> >
>
> Correct, and the after-inflation growth rate from the 2000 figure was
1.5%,
> disputing the claim that there's an "Asian Economic Crisis", or that
Japan's
> economy is falling apart.
>

You are admitting that you were wrong? Johnnie, what has happened to you?

<snip>

> > > 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
> >
> >
>
> This was not income per household, but GDP per household, which means that
> there have to be some significant figures excluded from Table 21. For one
> thing, Japanese workers get a lot of company perks which aren't included
on
> that table.  When those and other factors are included, real gross savings
> is 49% of GDP, including at least $300 billion in surpluses in the
Japanese
> government budget.
>

In other words, you are waving your hands to make the numbers fit what you
want them to.

James Powell