Saturday, May 02, 2009

"Come out of the Man, thou Unclean Spirit"

"Come out of the Man, thou Unclean Spirit"

The swine flu might kill millions of people in the world in a few years in the worst-case scenario.

But, in Japan, for example, the number of people who commit suicide every year is 30,000. And, if the swine flu should put 30 people into death in Japan, the whole world be alarmed unlike against the report on 30,000 suicides in Japan.

And for six years of the Iraqi War, the death toll of American soldiers has accumulated to 4,221, while the Afghan War took on 630 U.S. soldiers. Even domestically, crimes and violent incidents involving the gun claim 10,000 lives every year in the U.S.

This swine flu crisis is apparently a warning against Japan and the U.S. Japan must change the value system to enhance its code of social conduct; the U.S. must totally change its culture based on praise of violence.

In addition, strife among gangster groups in Mexico resulted in 6,300 deaths, mostly of young Mexicans, last year. Drug-related violence seems very prevailing in the country. Until Mexico completely cracks down on drug business, another swine flu outbreak will not be stopped if it is suppressed this time.

*** *** *** ***

There is a study on family trees which proves that Winston Churchill and Former President Mr. George W. Bush are descendants of an English man who lived and died in Northampton shire, England, 530 years ago. The Englishman had two sons, William and John; each brother had offspring eventually descending down to one of the two notable political leaders of this modern era.

Yet there is another family tree concerning the Churchills, suggesting the inevitable occurrence of the War on Iraq and the tragedy of Princess Diana.

(Click to enlarge.)

With these two historic incidents of the Iraqi War and the Death of Princess Diana, the influential power of British super-rich families must have been more focused on and carefully studied.

As the $140-level hike of oil prices and its disastrous fall triggered the Wall Street Crisis in September 2008, people in the world must still keep an eye on Anglo Saxon super rich clans who are still tightly engaged in the oil business, the money business, and a specific kind of the entertainment business.

It is so, since the Churchills do not look so pious at all though Winston Churchill is said to have beaten Hitler in 1945.

Indeed, before the Churchills fade into oblivion, you have to learn a lesson from history that no political heroes can be true heroes.

Turn to Jesus Christ if you want to get ability to find any hero.

(Yes, they are all simple but sly old foxes whom you should not respect, though they are many...even if you are not Muslims. )

Mar 5:1 And they came over unto the other side of the sea, into the country of the Gadarenes.

Mar 5:2 And when he was come out of the ship, immediately there met him out of the tombs a man with an unclean spirit,

Mar 5:3 Who had his dwelling among the tombs; and no man could bind him, no, not with chains:

Mar 5:4 Because that he had been often bound with fetters and chains, and the chains had been plucked asunder by him, and the fetters broken in pieces: neither could any man tame him.

Mar 5:5 And always, night and day, he was in the mountains, and in the tombs, crying, and cutting himself with stones.

Mar 5:6 But when he saw Jesus afar off, he ran and worshipped him,

Mar 5:7 And cried with a loud voice, and said, What have I to do with thee, Jesus, thou Son of the most high God? I adjure thee by God, that thou torment me not.

Mar 5:8 For he said unto him, Come out of the man, thou unclean spirit.

Mar 5:9 And he asked him, What is thy name? And he answered, saying, My name is Legion: for we are many.

Mar 5:10 And he besought him much that he would not send them away out of the country.

Friday, May 01, 2009

"My Meat is to Do the Will of Him that Sent Me"

"My Meat is to Do the Will of Him that Sent Me"

(Gertrude Bell Visited Japan Twice)

Gertrude Bell, born in a wealthy British clan, could not find a man who proposed to her in her three years in society.

It is probably due to her higher educational background of having learnt in Oxford.

So, she travelled to Iran where her uncle was stationed as British envoy in 1892. There she got a boyfriend who worked under her uncle, but he died suddenly.

So, she started to concentrate on mountain climbing, travelling, and writing books. She even visited Japan twice in 1899 and 1903.

In 1905, she travelled Syria to the Euphrates river region, her book on which became a best seller among European diplomats and intelligence circles.

In 1911, she again travelled Syria to Mesopotamia accompanied by a young British guide named Thomas Edward Lawrence.

In 1921, she was invited by Churchill to come and join a conference held in Cairo for deciding the future of Iraq.

Gertrude Bell attends a meeting of the Mesopotamia Commission at the Cairo Conference of 1921. Other members of the commission include Winston Churchill and T.E. Lawrence (visible in enlargement).

The Cairo conference was regarded as big success for Churchill at the time:
Much of Churchill's work was accomplished at a conference in Cairo in March 1921. Catherwood writes that "Churchill's scheme was, in effect, to establish a series of pro-British client monarchies, all of whose rulers would owe Britain a debt of considerable gratitude simply for the fact that they were in power at all." After a few decades some of the monarchs disappeared but the states remain. (Jordan, for example, was even more of an artificial creation than was Iraq.) In the end even Lloyd George congratulated Churchill for having turned "a mere collection of tribes into a nation" in Iraq.

But, Gertrude Bell’s role might have been more important:
Examining Britain's occupation of Iraq for clues to the future of America's is a murky prospect. One interesting detail, though, is that a couple of years after Britain's occupation began, the British public rebelled against the cost of the war. Officials started looking for ways to cut costs quickly. Churchill (again Churchill) called a conference in Cairo, inviting 40 experts on Mesopotamia: 39 men and Gertrude Bell.

Many officials wanted to pull out of Mesopotamia altogether, except for the Persian Gulf. Bell and a few others, like T.E. Lawrence, argued for making and backing an Arab kingdom in Iraq. Bell's party eventually persuaded Churchill that Arab monarchies with British power behind them would make for a more stable region, cheaper in the long run as a provider of oil.

After the Cairo Conference, according to Wallach, "almost everything (Bell) had wished for now had a chance of coming true. The country would consist of all three vilayets — Baghdad, Basra and Mosul; the Sunnis, Shiites, Jews, Christians and Kurds would be united under a Sharifian king; and Iraq, rich, prosperous and led by Faisal, would be a loyal protégé of Britain. If Gertrude could bring it all off, it would be more than interesting, it would be a model for the entire Middle East."

But, she did not live long after this conference:
Bell briefly returned to Britain in 1925, and found herself facing family problems and ill health. Her family's fortune had begun to decline due to the onset of post-WWI worker strikes in the UK and economic depression in Europe. She returned to Baghdad and soon developed pleurisy. When she recovered, she heard that her younger brother Hugo had died of typhoid.

On 12 July 1926, Bell was discovered to have overdosed on sleeping pills. It is unknown whether the overdose was an intentional suicide or accidental. She had never married or had children. She was buried at the British cemetery in Baghdad's Bab al-Sharji district. Her funeral was a major event, attended by large numbers of people. It has been suggested that she was diagnosed with a terminal illness during her last visit to England in 1925 — given her heavy smoking, perhaps lung cancer — and with the logic with which she had always applied to her life, chose an overdose rather than experience the unpleasant closing stages of cancer which may have started to appear.

Yet she left many pictures of the Middle East, especially of Iraq in 1900’s and 1910’s.

No matter how much Churchill wanted crude oil fields in Iraq, he alone could not manage the situation.

He needed help from Gertrude Bell. And, consequently, even after WWII and in the era of the War on Terror, the strong British influence in the Middle East has continued.

My interest is on how much her experiences of travel to Japan influenced Gertrude Bell, since she travelled Japan twice.

As for Churchill, he did not visit Japan but his American mother visited Japan with her sick husband. She enjoyed traveling Japan of the Meiji Era so as to become a friend of Japan. Accordingly, her son, Winston Churchill, is believed to be pro-Japan at least to some extent.


So, I wonder if Gertrude Bell’s experiences in Japan might have contributed to Churchill’s decision on Iraq in 1921 and thus the fate of present-day Iraq.

I may be allowed to assume that the present situation in Iraq is indirectly influenced by Japan, since Gertrude Bell was much asked about Japan by Syrian people when she was travelling there, since they knew she had been to Japan just before the Japanese-Russo War from 1904 to 1905.


This is one of miracles I have found in history very recently.

*** *** *** ***

You will not suffer ordinary influenza, since death is an incident of one to 1,000.

You will not suffer the worst-case Asian influenza, since death is an incident of two to 1,000.

But, for the Spanish flu, it was 20 to 1,000.

Yet, you may be under rule of one to 100,000, or 0.01 to 1,000.

(Ainsi, toute femme engagée dans un historique de l'incident est un espion. And spyies love Japan. Listen to the music.[]=146884


Joh 4:31 In the mean while his disciples prayed him, saying, Master, eat.

Joh 4:32 But he said unto them, I have meat to eat that ye know not of.

Joh 4:33 Therefore said the disciples one to another, Hath any man brought him ought to eat?

Joh 4:34 Jesus saith unto them, My meat is to do the will of him that sent me, and to finish his work.

Joh 4:35 Say not ye, There are yet four months, and then cometh harvest? behold, I say unto you, Lift up your eyes, and look on the fields; for they are white already to harvest.

Joh 4:36 And he that reapeth receiveth wages, and gathereth fruit unto life eternal: that both he that soweth and he that reapeth may rejoice together.

Thursday, April 30, 2009

"Passing Through the Midst of Them"

(Tokyo Night after Night)

"Passing Through the Midst of Them"

(Another Supply-Demand Curve)

President Mr. Barack Obama passed his hundredth day in the White House.

So, congratulations, Mr. President!

And, congratulations to 40% of European Americans who have supported President Mr. Obama since last September!

By the way the BBC TV news program viewed around Tokyo this noon said that Japan is medically checking passengers who have arrived at Narita from Mexico inside air planes, though the U.K. does not take such a measure as it is unnecessary.

The swine flu could be a kind of disasters like the great earthquake in southern China in 2008 if people do not revere the God, so afraid I am.

*** *** *** ***

The governmental financial policy should protect domestic suppliers from greedy overseas competitors. But, it should also protect domestic consumers from the greedy domestic suppliers.

It is so, since it is demand that needs supply.


When consumers increase the quantity demanded at a given price, it is referred to as an increase in demand. Increased demand can be represented on the graph as the curve being shifted outward. At each price point, a greater quantity is demanded, as from the initial curve D1 to the new curve D2. More people wanting coffee is an example. In the diagram, this raises the equilibrium price from P1 to the higher P2. This raises the equilibrium quantity from Q1 to the higher Q2. A movement along the curve is described as a "change in the quantity demanded" to distinguish it from a "change in demand," that is, a shift of the curve.

In the example above, there has been an increase in demand which has caused an increase in (equilibrium) quantity. The increase in demand could also come from changing tastes and fads, incomes, complementary and substitute price changes, market expectations, and number of buyers. This would cause the entire demand curve to shift changing the equilibrium price and quantity.

However, the supply-demand relationship can be expressed in an opposite way.

If supply volume is constant but demand volume increases, a price of, say, crude oil would increase.

If demand volume is constant but supply volume increases, a price of, say, crude oil would decrease.

In real trade, both will change to settle down in order to meat a change in each other. This adjustment and shift occurs within a limited range, usually.

When a change occurs over this ordinary shift range, speculation in, say, crude oil must be reality.

Therefore, it is essential to monitor the crude oil market with this EEE Supply-Demand Curve with a tested and qualified Shift-Range gauge.

Here, let's review the 2008 Oil Crisis, now becoming part of history, to find how much people concerned grasped the supply-demand relationship:

In June 2008 U.S. energy secretary Samuel Bodman had said that insufficient oil production, not financial speculation, was driving rising crude prices.

He said that oil production has not kept pace with growing demand. "In the absence of any additional crude supply, for every 1% of crude demand, we will expect a 20% increase in price in order to balance the market," Bodman said.[54][55] This contradicts earlier statements by Iranian OPEC governor Mohammad-Ali Khatibi indicating that the oil market is saturated and that an increase in production announced by Saudi Arabia was "wrong". OPEC itself had also previously stated that the oil market was well supplied and that high prices were a result of speculation and a weak U.S. dollar.[56]

Futures speculators related to major oil producers, such as Sultan Hassanal Bolkiah Muizzaddin of Brunei Shell Petroleum, Saudi Prince Alwaleed Bin Talal Alsaud and Russian Vagit Alekperov of LUKoil, may have artificially boosted prices by speculating in the oil futures market.[57]

In September 2008, a study of the oil market by Masters Capital Management was released which claimed that speculation did significantly impact the market. The study stated that over $60 Billion was invested in oil during the first 6 months of 2008, helping drive the price per barrel from $95 to $147 per barrel, and that by the beginning of September, $39 Billion had been withdrawn by speculators, causing prices to fall.

OK, that's enough. The oil crisis was a dire prelude to the Wall Street Crisis and the realization of President Mr. Barack Obama in the fall of 2008.

It should have been prevented but could not, since people concerned did not seriously read the Gospel and EEE Reporter.

*** *** *** ***

We live in the civilization of iron, oil, and electronics.

A skyscraper is built using iron structure coated with oil which is also used as fuel to provide electricity for the building where business is conducted using every electronic device.

A modern city is mainly a mass of such buildings. A modern nation functions around such a city.

But, to your astonishment, no economists seem to have ever taught EEE Supply-Demand Curve in a school class.

They have to start to study the Gospel to avoid future oil crises, in case.

(La vérité peut montrer son dos à vous pour un moment, mais pas toujours. That is why you need the Gospel to protect yourself while being sorounded by people who are talking Greek or nothing true. Take a walk.[]=190752


Luk 4:27 And many lepers were in Israel in the time of Eliseus the prophet; and none of them was cleansed, saving Naaman the Syrian.

Luk 4:28 And all they in the synagogue, when they heard these things, were filled with wrath,

Luk 4:29 And rose up, and thrust him out of the city, and led him unto the brow of the hill whereon their city was built, that they might cast him down headlong.

Luk 4:30 But he passing through the midst of them went his way,

Luk 4:31 And came down to Capernaum, a city of Galilee, and taught them on the sabbath days.

Luk 4:32 And they were astonished at his doctrine: for his word was with power.

Wednesday, April 29, 2009

"Is Not This the Christ?"

(Ginza Dusk, in My Japan)

"Is Not This the Christ?"
(45 Or 300 Years to $140?)

Mr. Soichiro Tahara, the most famous Japanese TV journalist, flew to Dubai a month ago or so.

(If you do not know his name, you do not know anything crucial about Japanese political circles, though I do not know if Mr. Tahara ever reads EEE Reporter or not, since he has been working in the Japanese media industry since 1960.)

He cam back to Tokyo and said in a TV program, "Dubai is great. It has just slowed down but the great material city will surely regain the enormous momentum to develop further as the financial center in the Middle East or as a hub city between Europe and Asia."

But, when he came back from Washington D.C. after having interviewed President Mr. George W. Bush in his last month or so in the White House, Mr. Tahara said in a TV program, "Bush was a nice guy (since he was nice to me) and my English worked well."

As Japan's great journalist Mr. Soichiro Tahara is very influential in Japanese political circles, we might have to check and check again the status of crude oil business...

*** *** *** ***

(Click to enlarge.)
(Click to enlarge.)
( )

[Note: 1 joule = 1 newton × 1 metre = 1 watt × 1 second
10**21J = ZJ (zettajoule)]

Remaining oil resources are 57ZJ; and every year consumption is 0.18ZJ. So that, mankind can use crude oil for more than 300 years but not for 45 years?

57ZJ / 0.18ZJ = 317 Years.

If a miracle should happen and "unrecoverable" oil is to be recovered, we have 317 years ahead for oil-based civilization. Considering one-century development of science and technology, it can be possible.

With only "proven reserves (8ZJ)" and "oil shales (11ZJ)," we have 100 years ahead.

*** *** *** ***

If a country has great GDP per person while consuming less energy per person in comparison with other countries of the similar GDP level, you would surely think, "Oh, Gee, what a great country on this earth. The country must be China or America if not England or Saudi Arabia..."

You are wrong; the great country is Japan.

(Click to enlarge.)

Take a look at the above figure. Find correctly who should lead the world.

Until September 2008 from late 1990's, no elite businessmen on Wall Street honestly looked at this kind of data to find correctly who should lead the world, in my analysis. You must not repeat their mistake.

From 2009 for 300 years or 45 years, Japan should lead the world as the above figure indicates with supporting data on per-capita GDP and per-capita energy use.

(Now, the Pope should seriously think about spiritualism of the Japanese people more than of Muslims in oil producing nations.)

*** *** *** ***

Please remember Churchill had consolidated his position in the British political circles through his engagement in Iraqi operation far before WWII.

Churchill had succeeded in creating the nation Iraq and promoting British occupation of Iraqi oil fields, especially those in the Kurd tribe area.

It is said that Churchill is still highly regarded and respected in the British petroleum industry, for he contributed to an increase in needs for crude oil when the Royal Navy replaced coal with oil as fuels for ships. It is in 1911 that Churchill was assigned to the office of the First Lord of the Admiralty (Navy Minister).

That is why some critics think that the Iraqi War President Mr. Bush started in 2003 has something to do with his British connection.

Anyway, the energy saving technology and the development of green energy will free the world from a myth of the Anglo Saxon superiority.

Promotion of the Japan's contribution to the world even in the energy sector must be one of missions of Japanese journalists.

The world needs Japanese journalists who are better than Churchill. If you find such a Japanese, please respect him or her even in Dubai or the White House.

(Être un lieu de Paris à Tokyo, depuis Tokyo a été construit à l'origine d'un certain clan samouraï. Nobody expected it to develop to the present scale in 400 years without the concept of "the beauty of 12 million city." Yet, it is the greatest.



Joh 4:26 Jesus saith unto her, I that speak unto thee am he.

Joh 4:27 And upon this came his disciples, and marvelled that he talked with the woman: yet no man said, What seekest thou? or, Why talkest thou with her?

Joh 4:28 The woman then left her waterpot, and went her way into the city, and saith to the men,

Joh 4:29 Come, see a man, which told me all things that ever I did: is not this the Christ?

Joh 4:30 Then they went out of the city, and came unto him.

Tuesday, April 28, 2009

"Sleep, and Rise Night and Day"

(Tokyo Night)

"Sleep, and Rise Night and Day"

(Money Made European Civilization)

Without mastering money and law, you cannot be a rich man, a very rich man, or a super rich man.

But, if money and law are taken away, a rich man, a very rich man, or a super rich man has usually nothing but their mind and soul so contaminated by wealth and social status.

Nonetheless, if a matter is not of an individual but of whole civilization, you must carefully review the history of the civilization.

*** *** *** ***

In 3000 B.C., silver was used for some payment in Mesopotamia, according to a certain document excavated there.

Then, around the 7th century B.C. or 650-600 BC Lydia, situated in Asia Minor and one of four major nations in the era, started to officially produce gold coins as the first instance in the human history, and Greeks promptly imported those coins to widely use them among themselves and in overseas trade.

Accordingly, Greece started to prosper. Ordinary citizens began to accumulate wealth in the form of money so as to buy arms for themselves. Greeks built a polis with an acropolis. And there grew the number of polleis in all over Greece. Greek citizens came to possess slaves and private lands. Accordingly, material and spiritual civilizations started to flourish in ancient Greece with various scholars such as Socrates who died 399 B.C.

Therefore, money, arms, slaves, private lands, and cities allowed for establishment and prosperity of ancient Greece.

Put simply, the ancient Greek civilization started to flourish with introduction of gold coins.

Yet, the direct descendant of the Sumerian civilization, namely ancient Judaists or Israelites, was not so materialistic. Ancient Judaists loved their God more than gold coins. It led to stark contrast between ancient Greeks and ancient Judaists in terms of ethics.

Nonetheless, the Roman Empire and modern Europe blindly and honestly followed suit of ancient Greeks.

(It is around the 7th century B.C. that ancient China started to introduce some forms of money.)

So, one of the two main element of the Europe civilization, namely the ancient Greek civilizations, was built based upon the money system.

It must be the reason why Jesus Christ never praised the ancient Greek civilization.

And, Jesus Christ also did not praise the Roman Empire that functioned based on money economy.

*** *** *** ***

The Roman Empire was not an industrial empire unlike ancient Chinese empires.

The Roman Empire purchased every necessary commodity and unnecessary articles of luxury. The Empire paid its coins to tributary nations that provided goods to Rome. Accordingly, the financial business became the main industry of Rome. However when those subject countries grew in their economy, they did not want to depend on Rome any more. The needs for Roman coins disappeared. Consequently no more goods were sent to Rome.

This is another phase of truth of the fall of the Roman Empire.

And, after the fall of the Roman Empire, the Christian churches ruled Europe with the teaching of Jesus Christ: "Do not love gold, silver, and money."

This is another phase of truth of the Middle Age of Europe.

Accordingly, when the money economy began to be revived in Western Europe, the sinless medieval times also came to an end. And, Spain and Portugal started to advance to the world looking for gold and silver, followed by France, Holland, England, and so on. They actually found huge gold and silver mines in American continents, Africa, and Asia to make them their own, with approval of the Vatican, to our surprise.

Since then, no one has recalled the teaching of Jesus Christ, "Do not love gold, silver, and money," in Europe till today.

That is why I am telling the Pope to let the Holy Seat of Jesus Christ go back to Jerusalem, since I am sure that Vatican agents are observing EEE Reporter.

*** *** *** ***

As for Japan, the Japanese civilization was built on rice crop.

Even till the last half of the 19th century, tax to the samurai Government was officially paid by rice, though money economy was highly flourish not only in the samurai administration but also in daily life of people.

(As for America, the American unique culture was originally built on some doctrine of Christianity and fire arms rather than money, though the American unique culture is based on the European civilization.)

That is why I am telling Japanese economists and American economists that they are yet to sense the existence of some effective factors in the Japanese economy that do not simply comply with any Western economic theory or principle, since Japanese people or consumers expect something different in any given financial circumstances.

It also means Japan is not so sinful as Europe and America are in terms of ethical or Christian codes on economic activities.

Japan is more Christian in this context, to your astonishment, though money made the European civilization.


Now have you come to hate gold, silver, and money, Darling, since they do not glitter under the sun?

(La nuit dit rien, car vous êtes un étranger pour la nuit. No one can be a friend of the Goddess of Night, in my view, since she looks so cool like an invisible enemy...[]=231568


Mar 4:26 And he said, So is the kingdom of God, as if a man should cast seed into the ground;

Mar 4:27 And should sleep, and rise night and day, and the seed should spring and grow up, he knoweth not how.

Mar 4:28 For the earth bringeth forth fruit of herself; first the blade, then the ear, after that the full corn in the ear.

Mar 4:29 But when the fruit is brought forth, immediately he putteth in the sickle, because the harvest is come.

Monday, April 27, 2009

"Signs and Wonders May be Done"

(Ginza, Tokyo)

"Signs and Wonders May be Done"

(Keynes' Expectations)

An Angel told me the other day that a certain company was too simplistic and infantile, so that I stopped to expect anything fruitful from that company though the company is not in Ginza, Tokyo...

SECTION I: Economist Mr. Heizo Takenaka

Mr. Heizo Takenaka, the notable Japanese economist and ex-minister of State, recently wrote that expectations for economic recovery and more business chances would be heightened among Japanese investors and consumers, if realignment in politics is triggered among political parties.

He seems to think that the present major ruling party LDP and the major opposition party DPJ should be split and spin-out groups should form a new ruling party with a common policy of reformation of the Japanese economic and administrative systems.

However, what took my attention is the term "expectations."

Mr. Heizo Takenaka seems to be politic enough to realize that not only real economy but also economics is based on expectations in the market.

(Therefore only a restricted part of economics can be regarded as science…)

SECTION II: Economist Mr. Paul Krugman

There is an interesting blog titled "Truth about Japan - Correcting distorted information about Japan."

(The blog seems to be managed by a patriotic Japanese who can use decent and reasonable English in his writing.)

It also extends its interesting view on economist Mr. Paul Krugman.

Krugman is not known for consistency, but his comments on Japan's "lost decade" are remarkable. These are his advices:

Article in 1998: If the Bank of Japan adopts the inflation target of 4 percent for 15 years, it can create inflation expectation and escape from deflation.

NYT blog in November 2008: No matter how much Japan increases the monetary base now, expectations of future money supplies won’t move if people believe that the Bank of Japan will move to stabilize the price level as soon as the economy recovers.

NYT blog in March: once you’ve pushed the short-term interest rate down to zero, money becomes a perfect substitute for short-term debt. And any further increase in the money supply therefore displaces an equal amount of debt, with no effect on anything.

In American media, he denies the effectiveness of the inflation targeting, but he insists on inflation targeting in Japanese media. Does he talk different economic theories in English and Japanese?

Yet Mr. Paul Krugman might be keen enough to understand the difference in national fundamentals between Japan and the United States.

However, what took my attention is the term "expectations."

Mr. Paul Krugman seems to be politic enough to realize that not only real economy but also economics is based on expectations in the market.

(Therefore only a restricted part of economics can be regarded as science…)

SECTION III: John Maynard Keynes

John Keynes claimed that there is a level of interest rate a majority of players in market would regard as "normal" in line with economic situations.

If an actual interest rate is higher than the "normal" level, more people will expect the rate to drop than those who expect it to further rise.

Accordingly, the needs for bonds will be increased as a whole in the society. It means a decrease in the needs for money.

This thought is one of major pillars of the John Keynes’ economic theory. However, it is apparently too simple. And, when you formulate a simple theory, you have to study various cases where the theory does not work as expected, since reality is right and an economic theory can be always wrong.

(If interest rate increases, stock prices are expected to fall in a basic theory. And, if stock prices fall despite interest-rate reduction, it simply tells the real situation is not so simple.)

Japan in late 1990’s was in such an exceptional case. Japanese cannot be such fools as cannot understand the basic economic theories most of American economists solely relied on as they tried to harm the reputation of Japan.

There have been more profound factors in Japan in the era called the "lost decade." And, almost no American and British economists can comprehend existence of those factors.

One example of those factors is the state of the Japanese political circles. You may catch a glimpse of this meaning if I remind you of the relationship between the War on Terror and the existence of a special political faction in Washington D.C. around the Bush Administration. It is so, since America looks like having performed worse in the War on Terror than Japan in its struggle in the lost decade, since the Obama Administration is now going to tackle the War on the Taliban for real though seven years have already passed since 2001.

Anyway, the key to early recovery of the global economy is expectation of not only active players in the world financial market but also consumers in Japan, America, Europe, and all the other nations. The setting of the "normal" interest rate would help both have expectations of favorable financial circumstances.

But, as John Keynes realized, expectation has a deep root in the domain of ethics.

You cannot say to people, "Be bad as much as possible to boost economy!"

*** *** *** ***

In the Great Depression era that started in 1929, the total of 10,000 banks went bankrupt in the United States, taking away expectations of early recovery from consumers living around those banks.

Today, there are 7,000 small and medium-sized banks in the United States; most of them mainly deal with commercial mortgages and real loans.

Therefore, the U.S. Government must be careful in handling these smaller banks so as to foster expectations for economic recovery among American consumers living on the same street as those banks operate.

In Japan, some major financial institutions were virtually forced to go bankrupt as part of a governmental policy in late 1990's. But, such a landscape gave a negative impact on Japanese consumers in terms of psychology.

When people abandon any expectations of a change for the better, a real depression must start.

The situation might now enter the phase of psychological warfare, here and there.

Act 4:26 The kings of the earth stood up, and the rulers were gathered together against the Lord, and against his Christ.

Act 4:27 For of a truth against thy holy child Jesus, whom thou hast anointed, both Herod, and Pontius Pilate, with the Gentiles, and the people of Israel, were gathered together,

Act 4:28 For to do whatsoever thy hand and thy counsel determined before to be done.

Act 4:29 And now, Lord, behold their threatenings: and grant unto thy servants, that with all boldness they may speak thy word,

Act 4:30 By stretching forth thine hand to heal; and that signs and wonders may be done by the name of thy holy child Jesus.

Sunday, April 26, 2009


(Tokyo Ginza)


I turned on a TV to view some cable TV channels, around Tokyo after this noon.

They were providing, among others, the movie "Schindler's List" (probably) and a business discussion program with a young businessman who has developed a new type of electric power generating equipment that uses sound and vibration a user makes for power generation. It can be installed even in a sandal.

The new type of the flu or grippe recently detected in Mexico, where 80 or more people have died of this epidemic in these weeks, is also now widely reported by the Japanese media.

If it hits America severely, it is really a warning from Heaven.

It is so, since it is said that there are several million illegal immigrants from Mexico in the United States...