GENERAL ELECTIONS, DEAR, BLOWN IN THE WIND
It is the average indices being around 9,000 each that make top leaders of Japan and the U.S. so worry.
The average index of Tokyo Stock Exchange has fallen even to the 8,000 yen level recently.
The average index of New York Stock Exchange has fallen even to the 8,000 dollar level recently.
The both look like having lost another 8,000 somewhere.
SECTION I: GENERAL ELECTION IN JAPAN
The biggest concern in the Japanese society today is as to when Prime Minister Mr. Taro Aso will hold a snap election by dissolving the Lower House of the Diet.
For the first time after WWII, Japan faces a situation that a regime change can occur from the very pro-America, conservative regime centering around the LDP to the moderately pro-America regime to be constituted by the DPJ and other minor liberal parties.
However, as the time goes by, it is expected that the LDP will lose supporters more.
As Prime Minister Mr. Taro Aso of the LDP assumed the office just three weeks ago, he is still enjoying some higher popularity, though less than 50%, or has not yet disappointed citizens in terms of economy and other political issues.
In addition, another ruling party, the New Komeito party is implicitly urging the LDP to conduct a general election as early as possible for their own strategy.
So, critics, journalists, and pundits in Japan have come to believe that the general election will be conducted within November, if a survey foretells a too-close-to-call election between the LDP and the DPJ, the two major political parties in Japan.
Nonetheless, the low price level of Tokyo Stock Exchange might stop Prime Minister Mr. Taro Aso from venturing into a gamble of a snap election.
Indeed, the Nikkei 225 Index today, below 9,000 yen, is almost a half of what it was a year ago.
If a snap election is held in November, all the opposition parties have to do to win the election may be just to point at stock prices at Tokyo Stock Exchange.
What is more, the DPJ can present a new scheme to have the Bank of Japan buy stocks at Tokyo Stock Exchange.
Indeed, the Bank of Japan and the Bureau of Printing of the Japan’s Ministry of Finance must print yen bills as many as they need to officially purchase stocks and protect the value of financial assets of the Japanese people, following suit of U.S. FRB.
SECTION II: GENERAL ELECTION IN THE U.S.
Following the debacle of Wall Street, it is expected that GDP of the U.S. will significantly decrease, no matter how many FRB prints and distributes dollar bills.
Observing the following chart of the real GDP of the U.S., I am afraid that it will lose almost 30% of its current momentum, since the U.S. financial sector will lose as much as 60% of its economy-driving power.
(Click to enlarge.)
http://www.vistanews.co.jp/modules/xf2section/article.php?articleid=16
As you see, the real GDP of the U.S. was $10 trillion in 2000, but $13 trillion in 2007.
The increase, $3 trillion, could be attributed to subprime loan related business and assets in addition to defense business.
If these assets are wiped off from the profit section of the balance sheet of U.S. economy, the scale of the U.S. economy will diminish by 30% in the worst case.
As these false assets and profits have been accumulated under the Republican regime, American voters might abandon the idea of having another Republican President, namely Mr. McCain, for the next four years.
But, as the scale is so enormous, they may feel it insecure to have a Democratic President, namely Mr. Obama, for the next four years.
Their racial preference plus this huge scale of the expected loss of GDP will count in the U.S. General Election.
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My theory to be applied to this sort of situations is that people should not try to change anything extraordinary outside, though they must not neglect it.
It is useless to change a direction or a trend in this kind of a huge-scale crisis based on the conventional paradigm.
But, people should try to change something inside.
It is actually requested to change their views or ideas about the world and human life.
If citizens change their internal measures or value systems, the 8,000 dollar or yen level can look like so high; the 30%-less GDP will look great; and an African-American President would look like of very European-origin.
So, turn to the Gospel; listen to the word of God; delve into Jesus’ Economy; and check EEE Reporter!
(Yesterday, I saw a big, white airship high in front of me on my way to a post office, which eventually led me to a public park where I spent a few hours just watching autumn leaves and trees as well as children, birds, fish, and dogs.
Then I re-discovered that trees have no chlorophyll on their trunks, but grasses and bamboos have.
Could this discovery intrigue anybody?
For example, a Japanese scientist who had been excited intellectually by luminescent jellyfish has won the 2008 Nobel Prize, though I myself took pictures of jellyfish in the Tokyo Bay this summer for you.
http://www.fukuchan.ac/music/folk/blowinthewind.html )
Luk 10:18 And he said unto them, I beheld Satan as lightning fall from heaven.
Luk 10:19 Behold, I give unto you power to tread on serpents and scorpions, and over all the power of the enemy: and nothing shall by any means hurt you.
Luk 10:20 Notwithstanding in this rejoice not, that the spirits are subject unto you; but rather rejoice, because your names are written in heaven.