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

"Christian Party" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
>
> "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.
>

You lose!

According to the latest report, the imbalance for Jan.-Sep. 2003 is just
over $410 billion (-410,341,000).

Furthermore, the number for 2002 is $418 billion (-418,038,000).

James Powell