Top Creditor to the U.S.
To: Outcasts in the World and Benevolent Women
Not-To: Respectable People Regardless of Races, Ages, and Weights
From: EE(E)Reporter
Date: January 30, 2007 (Japan), the forenoon
It was said, when the current-account deficit in the U.S. was larger than its GDP (gross national product) by 5%, that the U.S. needed more than 60 million dollars per hour as cash infusion to sustain its economy.
Now, it is said that the current-account deficit in the U.S. is larger than its GDP by 6%.
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The main financing sources for U.S. economy are Japan and China who are actively purchasing U.S. treasury bonds.
As of August 2006, Japan, as the top creditor to the U.S., has US bonds worth US$672.8 billion.
China, in the second place, holds US bonds worth US$339 billion.
If Japan and China stop buying U.S. bonds and money flow is stopped, U.S. long-term interest rates will increase due to shortage of financial resources needed in every sector of its various industries.
Then, land prices will fall, business will be declining, and jobs will be lost in the U.S.
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Japan has been for a very long time buying the U.S. bonds as a tested and proven financial ally.
But, China is new in this circle of money flow.
You may trust in China due to its economic success; but there are some points to be considered.
According to a source, Chinese earnings from selling counterfeits account for 8% of its GDP. Chinese counterfeits account for 60% of products produced and exported by the autocratic country.
Japan is estimated to have already lost 80 billion dollars due to Chinese counterfeits and patent infringements, or copies of Japanese original designs and idea.
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Chinese economy is not tested yet (including its 1.2 billion people).
U.S. economy will face another test (including its 0.3 billion people).
Japanese economy will continue to be challenged (including its 0.12 billion people)
(However those who ask God for help will be saved.)
* * *
Jesus Christ said, "Those giving more are blessed more than those receiving more."
Now, we know that Japan is more blessed than the U.S. and China.
What really shows a majestic appearance is wealth accumulated in the Heaven but not a powerful "City" and a "Street" as well as a "Square", isn't it?
Best regards,
"THEY WILL BE LIKE DUST UNDER YOUR FEET"