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

"Darren" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
>
>
> Christian Party wrote:
>
> >
> >
> > 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.
> >
> > We haven't had an AFTER-INFLATION growth rate this high since 1973.
>
> False, and you have already been corrected on this point.
>
> Darren
>

Darren, 40 years ago, in 1963, a mere 70 million American civilian employees
produced a GDP of $572 billion, or $8,171 per employee, five times that of
Japan, 3 years of which was more than enough to buy a typical 5 bedroom
house in California, with mortgage debt per employee being less than half of
that.  He had a credit card debt of 93 cents, public debt of $4.41, a
positive balance of payments in world trade of $90.93, the equivalent of
$25,715 in personal savings, produced 65% of the world's autos, there were
twice as many manufacturing employees as government employees, and 21 out of
25 of the world's largest industrial corporations were HERE, in his country.

Now, in 2003, 144 million American civilian employees produce a GDP of $10
trillion, or $69,444 per employee, 20% less than Japan, more than 9 years of
which is required to buy that SAME house [not a new one of the equivalent
size], and mortgage debt per employee mushroomed so much that it may soon
exceed that figure.   He now
has a credit card debt of $13,888, public debt of $48,611, a NEGATIVE
balance of payments in world trade of $3,125, NEGATIVE personal savings of
$6,944, he produces less than 18% of the world's autos, there are 30% more
government employees than manufacturing employees, and only 4 of the world's
largest industrial corporations are HERE, in the US.

If you see a pony in all that bs, you're a creative financial genius who's
wasting his valuable time as a mere comedian.

John Knight