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

"Christian Party" <[EMAIL PROTECTED]> wrote:
>"Bob LeChevalier" <[EMAIL PROTECTED]> wrote in message
>news:[EMAIL PROTECTED]
>> >> You can't add the two, since much of the Federal expenditure is income
>> >> into the states.
>> >
>> >You're not paying attention.  Table 416 shows which part of state and local
>> >revenues come from the federal government, and this $270 billion was already
>> >subtracted from the calculations.
>>
>> Nope.  State and local revenues were only 1,523 billion in that table,
>> and the total wasn't 1,910 billion in any event.
>
>You're looking at the wrong row.  We're talking about state and local
>expenditures, not revenues, 

Then why did you say:
>Table 416 shows which part of state and local revenues come from the federal 
>government
?

>and this is a simple projection from 1999 to 2003.

You haven't a clue how to do an economic projection, simple or
otherwise.

>> >> Same calculation for Japan using their 2002 budget
>> >> http://www.stat.go.jp/english/data/handbook/c17cont.htm#cha17_4
>>
>> >All available references show that General Government Operations in Japan
>> >had a $319 billion surplus in 2000 (Revenues of 189,797 billion yen minus
>> >expenditures of 155,685 billion yen  = 34,110 billion yen surplus)
>>
>> Look at the page I cited above, idiot.  Japan counts their bond sales
>> (borrowing) in the revenue column. Table 17-7: The 81 trillion yen
>> revenue in the general account include 30 trillion yen of bonds
>> (borrowing).  Figure 17-7: the gross debt of the general government is
>> 150% of GDP. Table 17-10  Local government bonds (deficit financing)
>> is 11% of local government spending.
>>
>> >Since we now know that Japan's GDP is UP, rather than down, and that
>> >corporate bankruptcies hit an all time low
>>
>> Nope.  Near record high last year.
>> http://news.bbc.co.uk/2/hi/business/2675847.stm
>
>It's impossible that you followed the link at

Why would I follow your nincompoop link.  I avoid looking at the crap
on your website, which is noisome stuff pulled from your strange
orifice.

I used the Japanese government web page cited above.
http://www.stat.go.jp/english/data/handbook/c17cont.htm#cha17_4

and used Google to look for current information on Japanese
bankruptcies.

>if you truly believe this BBC article is accurate.

I'll ALWAYS believe the BBC over you.

>Not only is the number of cases absolutely typical of
>Japan's economy over the last 2 decades,

Your claim was that 
>Since we now know that Japan's GDP is UP, rather than down, and that
>> >corporate bankruptcies hit an all time low

>so if he wanted to make a case for some kind of economic trauma,
 
He was news reporter telling the latest economic news, not an idiot
like you trying to prove something.

>If you didn't know that this is about equivalent to Japan's central
>government surplus in one year,

The Japanese government web site I posted shows that their government
is operating under massive deficits.  I trust the Japanese government
more than I trust you, to tell us the state of the Japanese government
budget.

>> Since then bankruptcies have dropped but are still high
>> http://pacific.bizjournals.com/pacific/stories/2003/10/13/daily30.html
>
>See above.  This article is even more worthless and misleading than the BBC
>article.

I trust their data more than I trust yours.

>In addition to that is the gross capital formation of $1,277
>billion in 2002, which was 50% greater than government spending, so how
>could it be that "Japan has a HUGE government deficit"?

By having much more in expenditures than they had in non-borrowed
revenues.

>Could the $28,654 difference be personal savings?

No.

>Considering how detailed these household
>surveys are, it's hard to imagine what other expenditures make up that
>$28,654.

You haven't a clue, so you try to imagine (i.e. make up) answers.  The
rest of us have no trouble, being well-grounded in the real world.

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