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 Personal Savings& Incomes
>
>                             U.S. vs. Japan
>
>         Japan saves 34% % of GDP each year, vs. 15% in the US.
>
>                  Japanese Savings exceed $25 Trillion.
>
>  Of the World's Top 52 Commercial Banks, 17 are Japanese, with assets
>                            of $5.6 Trillion.
>
> US media reports that the Japanese economy is on the verge of collapse
>                             are misleading.
>
>       Media coverage of this economic disaster is irresponsible!
>
> Asiaweek's "Bottom Line" reports that the U.S. saves 15% of GDP, while
> Japan saves 34%. The fundamental difference in the long term impact of
> those savings is:
>
>   1. Japan's interest payments of its $1.9 trillion in debts are less
>      than $20 billion per year, so the vast majority of its projected
>      1998 savings of $2,325 billion will become assets.
>   2. U.S. interest payments on its $10.4 trillion in debts exceed $1
>      trillion, not much more than our projected 1998 savings of $1,125
>      billion
>
> In 1998 alone, Japan will increase its national assets by $2,305
> billion in savings plus another $134 billion in its positive balance
> of trade, while the U.S. would have increased its national assets by
> less than $125 billion--had it not been for the $300 billion trade
> deficit.
>
> In the last 3 decades, the value of the yen to the dollar has
> increased 3.4 fold, from 400 yen/dollar to 117 yen/dollar. There is no
> evidence that this trend will not continue or even accelerate, over
> the next 3 decades, would could make the yen worth 34 yen/dollar by
> 2030.
>
> The article "The Social Contradictions of Japanese Capitalism" by
> Murray Sayle (http://www.theatlantic.com/issues/98jun/japancap.htm)
> states
>
>      "postal savings ... system now holds, with insurance and
>      pensions, the yen equivalent of $3 trillion".
>
> "Japan Statistical Yearbook, 1998",page 462 reports that the Japanese,
> in just the year 1996, deposited more than 213 trillion yen (or $1.3
> Trillion) in the "postal savings account", and that the Japanese have
> been saving 23.9% of their incomes for the last 5 decades, "Bottom
> Line" in Asiaweek reports Japan's savings as 31-34% of GDP during that
> time. Median Japanese incomes in 1994 were $89,000, so 42 million
> Japanese workers saved an average of $29,370 each, which is $1,233
> Billion in savings in 1994 alone. Edward W. Desmond reports that
> Japan's total personal savings are $13 Trillion (see
> http://www2.crosswinds.net/san-diego/~manifesto/j1.htm). Testimony of
> Martin A. Armstrong before US Congressional House Way & Means
> Committee reports Japan's total Postal Savings Accounts at $10
> Trillion (see http://www2.crosswinds.net/san-diego/~manifesto/j3.htm).
> The United Nations "Statistical Summary" reports the balance in their
> Postal Savings Account to be $22 Trillion.
>
> References B) & F) below report:
>
> 1) Total Deposits in Domestically
>    Licensed Banks                       477 trillion yen
>    (Private Deposits grew from 37.5
>    trillion in 1970 to 402 trillion
>    in 1996--10% compounded annually)
> 2) Credit Associations                  113 trillion yen
>    (grew from 24 trillion yen in 1975
>    to 113.3 trillion yen in 1996--6%
>    compounded annually)
> 3) Private Commercial Banks             700 trillion yen
> 4) Trust Banks                          251 trillion yen
> 5) Shankin                              107 trillion yen
> 6) Foreign Banks                          4 trillion yen
> 7) Postal Savings Accounts            1,200 trillion yen
>
>      Total in yen                     2,852 trillion yen
>      Total in dollars at 117 yen/$    $24.4 trillion
>
> Murray Sayle writes that Japan's
>
>      "postal savings ... system now holds, with insurance and
>      pensions, the yen equivalent of $3 trillion"
>
> and:
>
>      "The Finance Ministry has confessed that Japanese banks hold bad
>      loans worth a confidence-crushing 76.7 trillion yen ($614
>      billion), proportionally ten times as much as America's
>      savings-and-loan failures cost."
>
> This is incorrect, in addition to misleading. This is a miniscule
> problem in contrast to the amount of money in the Japanese Postal
> Savings Account alone. The article is factually in error when it
> states that a bank loss of perhaps 2-3% of their Postal Savings
> Accounts is "proportionally ten times as much as America's
> savings-and-loan failures cost." The cost of our S&L scandal was about
> the same size in absolute dollars, but a $614 billion bank loss to the
> U.S. is "proportionately" 28 TIMES the amount of our official Personal
> Savings of $28 billion, compared to only 3% of Japan's savings.
>
> He compounds this error:
>
>      "'If the Nikkei [the Tokyo stock index] drops below twelve
>      thousand, the world economy goes bust.' I checked the papers: the
>      Nikkei, which touched 38,915 on December 29, 1989, was yo-yoing
>      between 14,000 and 15,000. (It is since up.) New York in 1929
>      felt edgy and nervous, old-timers say, just as Japan does in the
>      spring of 1998."
>
> This is scientific evidence that the Japanese average score on the
> TIMSS math test (a score of 605 compared to the US score of 500) is
> very relevant to today's education crisis. The Japanese, but evidently
> few Americans, understand that the Nikkei average is almost irrelevant
> to the average Japanese family or worker. The Japanese intimately
> understand the low probability of a good return on personal stock
> investing, so they don't do much of it. "Japan Statistical Yearbook
> 1998" shows that their total personal investment in stocks to be 9
> billion yen--$75 million--less than 0.003% of their Postal Savings
> Account.
>
> The average American family has $4,000 in Personal Savings, $90,000 in
> Public Debt, and $18,750 in Consumer and Home Loan Debt, which is
> pocket change to that Japanese family. Chart 2 at:
> http://www.economist.com/editorial/freeforall/current/index_sf1139.html
> is misleading. It suggests that Japanese government debt is 140% of
> GDP, but http://www2.crosswinds.net/san-diego/~manifesto/j5.htm shows
> Japan's Public Debt to be $1.7 Trillion, or 29% of GDP.
>
>  Asian        Total        Top 52            Consumer &
>  Economic     Personal     Commercial Banks  Home Loan    Public Debt
>  Crisis?!     Savings      in the World      Debts
>
>  Japan        $23,000      $5,600 Billion    $178 Billion $1.7
>               Billion                                     Trillion
>
>  US           $203 Billion $709 Billion      $4,900       $5.5
>                                              Billion      Trillion
>  Japan:US     113X         7.9X              0.036X       0.31X
>  US:Japan     .0088X       .127X             27.5X        3.2X
>
> The percent of Japanese managers who are women reached an
> unprecedented high of 1% of all managers, and has since declined to
> 0.5%. The percent of US managers who are women increased from 19% in
> 1973 to 44% in 1995, and the economy has never been in worse shape in
> terms of Personal Savings ($203 Billion or less than 3% of GDP),
> Consumer Credit ($1.2 Trillion), Home Loan Debts ($3.7 Trillion), and
> the Public Debt ($5.5 Trillion). Wouldn't this have been the totally
> expected outcome of affirmative action?
>
> Our current official rate of Personal Savings is reported by the White
> House to be an all time low of 0.4% per year, which is $28 Billion. If
> 100% of our Personal Savings were used to pay off these US debts, it
> would take us 42 years to pay off the $1.2 Trillion Consumer Credit,
> 132 years to pay off the $3.7 Trillion in Home Loans, and 196 years to
> pay off the $5.5 Trillion Public Debt--or a total of 370 years.
> [Standard & Poor's "Current Statistics", July 1995, Vol. 61 #7]
>
> Japan's Public Debt, on the other hand, is less than 8% of its Savings
> ($1.7 Trillion). Japan could pay off its Public Debt and have $23.3
> Trillion left over in Personal Savings. The Japan Statistical Yearbook
> 1998 shows that Japan's total Consumer Credit including home mortgages
> is $178 Billion, giving us more than 27 times as much consumer debt as
> Japan. Japan could use its Savings to pay off all of its debt in ONE
> year, AND pay off all of OUR debts, and still have $12.9 Trillion left
> over.
>
> In 1973, the US had 4 commercial banks with assets which were larger
> than any other bank in the world, with twice as many assets as the
> largest Japanese bank (B of A with $47 Billion vs. Dai-Ichi with $22
> Billion). The World Almanac, 1998, pg. 115 shows that in 1996, Japan
> had 8 commercial banks which were more than twice the size of our
> largest commercial bank (Bank of Tokyo with $648 Billion vs. Chase
> Manhattan with $272 Billion). Of the top 52 commercial banks
> worldwide, 17 are Japanese with assets of $5.6 Trillion, and 3 are US
> with assets of $709 Billion (one eighth the assets of the top Japanese
> commercial banks). Even though Japan has more than 8 times as many
> assets in commercial banks than the US does, the amount they have in
> commercial banks is less than a quarter of the amount in Savings.
>
> For a nation like us, with such huge debts and such miniscule savings,
> to suggest that a nation like Japan, with such huge assets and with
> such low debts, is having a "financial crisis" is the pot calling the
> kettle black. It proves only one thing--the ability and willingness of
> our government to lull us into a sense of complete unawareness is like
> a fine tuned violin.
>
>              Which Economy Is In Trouble--Japan or the US?
>
>  GDP & GDP
>  per Worker,
>  Japan & the  U.S.                     Japan
>  U.S.
>  UN
>  Statistical
>  Yearbook,            Ounces                     Ounces
>  Forty second Dollars Gold   Yen       Dollars   Gold    Yen
>  Issue, pg.
>  175
>  1995 GDP
>  (billions)   $6,955  18.0   681,590   $5,218    13.5    511,364
>  1970 GDP
>  (billions)   $1,000  25.7   360,000   $197      5.1     70,868
>  Delta in GDP
>  (billions)   +$5,955 -7.7   +321,590  +$5,021   +8.4    440,496
>  1995 GDP per
>  Worker
>
>  US=124.9
>  million
>  workers with
>  46% women    $55,685 144.1  5,457,000 $80,899   209.3   7,928,124
>
>  Japan=64.5
>  million
>  workers with
>  40.5% women
>
>  1970 GDP per
>  Worker
>
>  US=75.2
>  million
>  workers with
>  40% women    $13,298 341.8  4,787,234 $4,691    121.4   1,687,333
>
>  Japan=42
>  million
>  workers with
>  40.5% women
>
>  Delta in GDP
>  per Worker   +$42,387-197.7 +669,766  +76,208   +87.9   +6,240,791
>  Percent
>  Change       +319%   -57.8% +14%      +1,625%   +72.4%  +370%
>  1970 Public Debt, Consumer & Home Loan Debt, and Bank Assets and
>  Savings
>  Public Debt
>  (billions)   412     10.6   148,320   102.4     2.6     36,864
>  Consumer &
>  Home Loan    230     5.9    82,800    3.2       0.08    1,152
>  Debt
>  Bank Assets
>  & Savings    749     19.3   269,640   179.2     4.6     64,512
>  NET          107     2.8    38,520    73.6      1.9     26,496
>  1998 Public Debt, Consumer & Home Loan Debt, and Bank Assets and
>  Savings
>  Public Debt  5,500   18.0   646,250   1,700     5.6     199,750
>  Consumer &
>  Home Loan    4,900   16.0   575,750   184       0.6     21,620
>  Debt
>  Bank Assets
>  & Savings    3,700   12.1   434,750   25,000    81.7    2,937,500
>  NET          -6,700  -21.9  -787,250  +23,116   +75.5   +2,716,130
>  CHANGE IN
>  NET          -6,807  -22.2  -799,823  +23,042.4 +75.3   +2,707,435
>  PROTECTED TO 2026 Public Debt, Consumer & Home Loan Debt, and Bank
>  Assets and Savings
>  Public Debt  73,422  30.6   2,816,000 28,223    12.1    1,082,358
>  Consumer &
>  Home Loan    104,391 43.4   4,003,000 10,580    4.5     405,750
>  Debt
>  Bank Assets
>  & Savings    18,277  7.6    700,962   3,487,723 1,451   133,756,607
>  NET                  -66.4                      +1,434.4
>
> THE FACTS:
>
> 1) The US has never had a higher Public Debt, a higher Consumer Debt,
> nor a lower level of Personal Savings than it now has.
>
> 2) The real purchasing power of today's two-income families are
> literally one third of what one-income families were in 1973.
>
> 3) The "low unemployment rate" the media touts is, according to every
> economist on record, a prognosis for dismal future economic
> competitiveness and progress.
>
> 4) The US hasn't had an after-inflation GDP growth rate in the last 30
> years equivalent to the average after-inflation growth rate of Japan
> for 48 of the last 50 years.
>
> 5) During the same period of time that the U.S. lost $7.5 trillion in
> national assets, Japan gained $23 trillion.
>
> References:
>
> a) Japan Statistical Yearbook, 1998, Statistics Bureau, Management &
> Coordination Agency, Government of Japan, pgs. 458.
>
> b) The Europa World Yearbook, 1996 Volume 1, 37th Edition, banks.
>
> c) Current Statistics, Standard & Poor's, July 1995, Vol. 61 #7.
>
> d) Journal of Japanese Studies, "How Postal Savings and Public
> Pensions Support High Rates of Household Savings in Japan", Stephen J.
> Anderson, pg. 88.
>
> e) Testimony before Congress of Martin A. Armstrong which reports that
> Japan's Postal Savings Accounts contain $10 Trillion
> (http://www2.crosswinds.net/san-diego/~manifesto/j3.htm)
>
> f) International Monetary Fund, "Saving Behavior & the Asset 'Bubble'
> in Japan", Occasional paper 124, Ulrigh Baumgartner, April 1995.
>
> g) OECD, working paper #73, "The Savings Behavior of Japanese
> Households", Kenichi Kawasaki, January 1990.
 

TRAITOR McCain

jewn McCain

ASSASSIN of JFK, Patton, many other Whites

killed 264 MILLION Christians in WWII

killed 64 million Christians in Russia

holocaust denier extraordinaire--denying the Armenian holocaust

millions dead in the Middle East

tens of millions of dead Christians

LOST $1.2 TRILLION in Pentagon
spearheaded torture & sodomy of all non-jews
millions dead in Iraq

42 dead, mass murderer Goldman LOVED by jews

serial killer of 13 Christians

the REAL terrorists--not a single one is an Arab

serial killers are all jews

framed Christians for anti-semitism, got caught
left 350 firemen behind to die in WTC

legally insane debarred lawyer CENSORED free speech

mother of all fnazis, certified mentally ill

10,000 Whites DEAD from one jew LIE

moser HATED by jews: he followed the law

f.ck Jesus--from a "news" person!!

1000 fold the child of perdition

 

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