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

"Bob LeChevalier" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
> Darren <[EMAIL PROTECTED]> wrote:
> >Bob LeChevalier wrote:
> >> >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.
> >
> >As I've observed previously, it is rare to meet someone who combines such
a
> >fanatical interest in macroeconomic matters with a complete disregard for
the
> >basics of the subject.
>
> This is only one of several subjects on which he spouts endless
> nonsense year after year showing complete disregard for the basics
> (law, education, race, religion, US history, drinking and driving,
> women - in general).
>
> I have no economics training, and >I< can spot the errors in the stuff
> he is posting.  But he is incapable of admitting error, much less
> ignorance.
>
> lojbab

What "error" should I "admit" to?

You proved nothing.  My statement was "Our negative balance of payments is
almost half a trillion dollars each year now", the statement is correct, you
never even cited a reference, the Census Bureau, Foreign Trade Division,
reports our NEGATIVE balance of payments for goods to be $482.9 BILLION, and
I'm not going to "apologize" for any "error", particularly when that was a
*conservative* estimate.
http://www.census.gov/foreign-trade/statistics/historical/gands.txt

It was only $427 billion last year, so it's a VERY good bet that it ALREADY
exceeds half a trillion, right now.

Do you or Darren have even one source which disputes the Census Bureau?  No.
If you did, would that source be more credible than the Foreign Trade
Division? No.  Where is *your* apology?

John Knight