A BAPTISM OF HISTORY

(What difference a moment or a week has made!)


A BAPTISM OF HISTORY



Yesterday Japan won against Syria in a succor match held in a city north of Damascus.

It was a club-team matching for the Asian championship. The Japanese team based in Osaka City lost one goal in the first half, but fought back to get two in the last half.

As Damascus is so important for Christianity, I could not leave the international live TV broadcast to Japan.

Then I watched a late night news program to confirm that Mr. Obama got 48 points and Mr. McCain 44.

This morning, a big typhoon has gone out of the Tokyo region. After a cloudy week, the blue sky has come back, though, with many wandering white clouds as if marooned in the autumn air.


SECTION I: European Castles

Since the Western Roman Empire fell in the 5th century, no massive stone castles were built in Western Europe until the 10th century or 11th century.

Of course, even during the era of the Roman supremacy in Western Europe, no massive stone castles had been built there.

There were no massive stone buildings, fortresses, and walls in London, Berlin, and Paris at all until the 10th or 11th century.

This is one of the most significant aspects of the discontinuity in the European history while ancient Rome was full of massive stone buildings and networks of paved roads and aqueducts if not Pyramids.



SECTION II: "Cement"

Technological expertise of the Roman Empire can be found in its use of “cement” in building a huge structure such as the Colosseum.

However when the Roman Empire fell, this technology vanished; no Western Europeans started to use this technology until the Modern Age began thousand years later.

It tells that engineering and other technological traditions were not inherited seamlessly from ancient Romans to Europeans in the Middle Ages.

It also tells that there was truly huge discontinuity of civilization from the era of the Roman Empire to the era of France, Britain, and Germany.



SECTION III: Roman Military

It is the military that kept and maintained technological traditions of the Roman Empire.

Indeed, the Roman Empire was mainly based on its superior military capability. And the capability means of course technology. There were a variety of types of war machine even in those days. But, they must be protected and preserved within the Roman legions, if not so confidential, so that no other tribes would obtain them to use against the Empire.

In later days of the Empire, they came to hire more and more foreign soldiers. But, in my view, there was no technological transfer from Roman soldiers to those mercenaries, especially, who belonged to tribes living in north of the Alps.

If war technology, including cement as a material to build a strong fortress, had been in the hands of North Europeans, the Roman Empire would have faced the fatal crisis more earlier without waiting for violent intrusion by half-Asian tribes coming from the east with overwhelming horse power and related war techniques.

The military was a core of the organization of the Roman Empire and the key means to secure the abundant transfer of foods and wealth from colonies and foreign regions to Rome.

Therefore, the key factor, namely various technologies, to the supremacy of their military must have been kept and maintained only among Roman troops, though the Empire used many hired soldiers from different ethnic groups.

Inevitably, when the Roman Empire fell and Roman troops collapsed, their technological traditions were lost.

Roma officers who were carrying the technological traditions of the Empire could not find their successors any more, since even Roman soldiers ran to, and hid in, local villages during the rest of their lives or decided not to go back to Rome at all but stay in north of the Alps when the whole military organization crumbled away.

Truly, when the Roman Empire fell and Roman troops collapsed, their technological traditions were lost.

It took 500 to 1,000 years for Europeans to develop their civilization to the level of the Roman Empire’s, though, through many imports from Islamic regions and the East Asia as far as China.


SECTION IV: FALL OF WALL STREET

Then what will happen when the U.S. collapses like the Roman Empire?

Or, will the U.S. collapses like the Roman Empire at all in future?

But, it may be more realistic to think about what will happen after the future fall of Wall Street or at least the future fall of the Mafia-like forces in Wall Street.


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

Another key factor to the prolonged glorious era of the Western Roman Empire is the glitter of civilization.

The city Rome looked like a great capital of whole human races on the shining hills, so observed even from Egypt, Palestine, Syria, Greece, and regions of north of the Alps.

It is because Rome was materially rich with foods and goods sent from many of its colonies and tributary nations, physically massive with advanced engineering, militarily strong and excellent being supported by war technology, and culturally acting like the sole successor of the Greek Civilization.

So, it is a great honor to be a Roman citizen.

This sense of honor and privilege of being a Roman citizen mesmerized many tribes living in peripheral borders and foreign regions.

The similar thing is observed in the U.S. today.

The sense of honor and privilege of being a U.S. citizen seems to mesmerize many people globally.

How to keep and secure this sense among themselves as well as world citizens, if Wall Street should go to smash, must be one of the greatest challenges for the next U.S. Administration to be led by Mr. John McCain or Mr. Barack Obama, in my humble view.

Yet, being a Japanese is also a privileged status just like being an Israelite, in my humble view, in the history of mankind, isn't it, very personally?



Joh 9:20 His parents answered them and said, We know that this is our son, and that he was born blind:

Joh 9:21 But by what means he now seeth, we know not; or who hath opened his eyes, we know not: he is of age; ask him: he shall speak for himself.

Joh 9:22 These words spake his parents, because they feared the Jews: for the Jews had agreed already, that if any man did confess that he was Christ, he should be put out of the synagogue.

Joh 9:23 Therefore said his parents, He is of age; ask him.

Joh 9:24 Then again called they the man that was blind, and said unto him, Give God the praise: we know that this man is a sinner.

Joh 9:25 He answered and said, Whether he be a sinner or no, I know not: one thing I know, that, whereas I was blind, now I see.

GOOD vs. EVIL (on WALL STREET)

GOOD vs. EVIL (on WALL STREET)


There are two ways for a man to come to revere the God.

One is through reason. Another is through ethics.

In other words, you can prove the existence of God based on the pursuit of scientific truth; you can also prove the existence of God based on the pursuit of good and evil.

Put drastically, when you find an undeniable shadow of the Creator of the universe in your pursuit of scientific truth, you cannot help but accept the existence of the God as the sole creator of the whole universe.

Put drastically, when you find an undeniable shadow of the Governor of the human mind and soul in your pursuit of good and evil, you cannot help but accept the existence of the God as the sole lord of the whole human spiritual world.

Both physically and spiritually, you can find the God.

But, at this point, the most significant problem appears: insurgency against the God.

To our astonishment, mankind, namely a God’s creature, is given ability or a function to revolt against the God.

In this insurgency against the God, a man can even say, “I do not admit the existence of the God.”

Of course, it is made possible, since the God created the Devil who helps living and survival of people who opt to be an enemy of the God.

Therefore, one of the most important questions for mankind is as to why the God created the Devil whose sole mission is insurgency against the God.

Yet, before this discussion, we have to check monotheism and dualism.

If the God is above all, the Devil is under the God.

If good and evil is regarded as essentially equal, it might be conceived that the both are on the same level if not putting the Devil upon the God. Though this thinking is theoretically possible, mankind has proved that its survival is only secured when admitting the supremacy of the God over the all including the Devil.


However, outside the world of Judaism, Christianity, and Islam, people have been living traditionally in the following spiritual world:


However, apart from recognition of or belief in the supremacy of the God, a man can still revolt against the God.

It is because mankind accepts the following false order:


In this respect, what is revolutionary for Jesus Christ in the human history is that he clearly declared that the true order is the poverty is above richness.

"God loves the poor but not the rich," said Jesus Christ.

"Happy people do not need God," said Jesus Christ.

But, those Mafia-like workers in Wall Street seem to adopt the following spiritual order.


Whatever belongs to or is linked with justice, such as love to neighbors, the poor, the weak, and losers, is regarded as something at the lower level of the value order by them.

More or less, of course, even ordinary people behave based on the above false order as occasion demands.

Yet, Jesus Christ’s doctrine and injunctions are absolute. He never admits exception.

In whatever situation you are, you must not adopt the above false order; this is the core of his teachings.

That is why Japanese people traditionally by intuition find it impossible to be a Christian.

If you cannot be a Christian, you should not pretend to be a Christian; so honestly Japanese people distance themselves from Christianity.

Indeed, Japan had culturally and spiritually fully developed when it encountered Christianity in the 16th century.

This can be applied to China and India.

That is why Japan, China, and India are expected to take major part in the 21st century when no followers of the teachings of God, such as Judaists, Christians, and Muslims, cannot stop the way of life, namely virtually accepting the above false order while calling themselves monotheists.

Yet, the God might give a great role to poor Christians, poor Muslims, and poor Judaists as He wishes in this century.

Anyway, truth must be so simple that people without education can easily grasp it.

And, people with higher education and advanced experiences must grasp it obediently.

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

That is all for today, since this is Friday.

It is a miracle that only three types of elementary particles, electrons, neutrons, and protons, virtually make our whole body and any other materials around us, in addition to light or photons (which are mostly absorbed and emitted by an electron).

Take three types of round marbles and try to make a man of them, no matter how many of each type you have to use.

If you are a God, you must be able to do it.

If you cannot, you are proven not to be a God at all.

Yet, if a miracle can happen around you to promote your faith in God, you are blessed.

I think the recent Wall Street turmoil is a kind of miracle I expected, since before September 11, 2001 there was no such a huge amount of money on Wall Street to your astonishment.

Indeed, the Devil must have found a great chance in the American mind set since September 11, 2001.

We have to continue our efforts to realize a change in the material value system and the spiritual order system here and there.



("The God never changes. My heart never changes." Have you ever been said to so?

http://www.fukuchan.ac/music/popular/unchained.html)



Mat 9:19 And Jesus arose, and followed him, and so did his disciples.

Mat 9:20 And, behold, a woman, which was diseased with an issue of blood twelve years, came behind him, and touched the hem of his garment:

Mat 9:21 For she said within herself, If I may but touch his garment, I shall be whole.

Mat 9:22 But Jesus turned him about, and when he saw her, he said, Daughter, be of good comfort; thy faith hath made thee whole. And the woman was made whole from that hour.

WHO SHOULD BE BLAMED?

WHO SHOULD BE BLAMED?


When I turned on a radio this morning, somebody said in the U.S. military channel: “When President heard that the banks were shut and closed due to the Wall Street turmoil, he said, ‘Go and use ATM.’”

Indeed, I reviewed the New York Times article on August 11, 2008:
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Cost-cutting in New York and London has already been brutal thus far this year, and there is more to come in the next few months. New York City financial firms expect to hand out some $18 billion less in pay and benefits this year than 2007, the largest one-year drop ever. Over all, United States banks will cut 200,000 employees by 2009, the banking consultancy Celent said in April.

The work these bankers were doing is not necessarily going away, though. Instead, jobs are popping up in places like India and Eastern Europe, often where healthier local markets exist…

Morgan Stanley has about 500 people employed in India doing research and statistical analysis. About 100 of Goldman Sachs’ 3,000 employees in Bangalore are working on investment research.

JPMorgan has 200 analysts in Mumbai working for its investment banking operations around the world, doing industry analysis, and compiling data and charts for marketing materials. It has an additional 125 analysts in Mumbai supporting the bank’s global research division.

Citigroup employs about 22,000 people in India, several hundred of whom work in investment research. Deutsche Bank has 6,000 employees in India, according to the bank’s Web site. Deutsche started a pilot program to outsource some research in 2003, and would not provide any update.

Theoretically, as much as 40 percent of the research-related jobs on Wall Street, tens of thousands of jobs, could be sent off-shore, said Deloitte’s Mr. Power, though the reality will be less than that…

http://www.nytimes.com/2008/08/12/business/worldbusiness/12indiawall.html?_r=1&oref=slogin
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There is a prominent Indian economist named Ravi Batra:
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Raveendra N. Batra (born 27 June 1943) is a U.S. economist and professor at Southern Methodist University in Dallas, Texas. He is best known for his best selling books The Great Depression of 1990 and Surviving the Great Depression of 1990. In the former book he predicted a sharp rise in the US stock market in the 1980s, followed by a cataclysmic drop and a depression in or around 1990….

Outcomes of predictions
When 1990 arrived, a minor depression hit Japan and there were concerns about the stability of the US banking system. However, monetary policy was accommodative and effective. Moreover, credible bank insurance was in place and the government had demonstrated resolve to be lender of last resort. As a result, there was no panic in the stock market or run on banks.

His reputation rose in Europe on account of his correct prediction for Communism and he was awarded the Medal of the Italian Senate that year.

In Japan, where an economic crisis had gripped the country, he continued to publish bestselling works. In the USA, however, his sales began to drop and his booming side-line career as a media commentator on matters economic and financial began to sour. Batra was even presented with an Ig Nobel prize. In the 1990s, he published such books as The Myth of Free Trade and The Pooring of America, criticism of free-market policies.

http://en.wikipedia.org/wiki/Ravi_Batra
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Mr. Ravi Batra recently wrote a book titled “The New Golden Age." He mentioned a revolution in this book, though it is not a religious one:
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Social Revolution

The salient feature of the era of intellectual acquisitors is that the ruling elite amass wealth but make people believe that such an endeavor is good for society. For instance, they cut taxes for themselves while raising taxes for other classes, and yet are able to convince the public that such economic policies are in society’s best interest. Or they may persuade you that God has blessed them with opulence so that they can take care of the indigent. They have the intellect to make you feel better even as they hit you, at least for a while. Dogmas proliferate at this point, and the laborer bears the maximum burden of exploitation.

Once the majority of intellectuals become acquisitive, materialism degenerates into super-materialism. There are no more religious or ethical restraints on the avarice of the elite, and as the public follows its leaders, everything gets commercialized.

There comes a point when intellectual acquisitors are virtually unchallenged; that's when the process of wealth concentration runs full throttle, with the rich getting richer and the poor getting poorer at incredible speeds. The boundless greed and hypocrisy of acquisitive intellectuals ultimately torments the majority of people. Salaries go down, and the bulk of society is forced to devote much of its time to making money. Warriors and intellectuals then have to become laborers because they have little time left for the finer pursuits of life. They have to labor hard to support themselves and their children. The intellectual’s inherent love for art, music, painting and philosophy gives way to routine work all day long to provide the means for family survival. The warrior’s innate predilection for adventure and sport is replaced by overtime work to make ends meet. The vast majority of society comes to adopt the laborers’ way of living and thinking.

[At times such as these, people overthrow the rule of money in society, as they did during Feudalism in Europe. Then comes a golden age.]”

http://page69test.blogspot.com/2007/04/new-golden-age.html
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What’s more, Mr. Ravi Batra published a Japanese book with other co-authors. Its Japanese title means “A Big Explosion of Capitalism in 2010.” He offers 10 predictions in the book:
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1. The crude oil price will continue to rise over $100 per barrel.

2. The subprime loan crisis will burst up further repeatedly.

3. The Democratic Party will win in the 2008 U.S. Presidential Election.

4. Many U.S. large corporations will go broke one after another.

5. The latest economic boom in Japan will end by the middle or the end of 2008.

6. In 2009, Iran will be another flash point in the Middle East.

7. Capitalism in the U.S. will come to the end in several years.

8. Between late 2009 and early 2010, a grave crisis will happen globally.

9. In 2010, China will also face a decisive crisis.

10. A hopeful economic system will emerge from Japan.

http://www.honya-town.co.jp/hst/HTdispatch?nips_cd=9982943731
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If you believe or not, any Indians who respect Japan should be respected.

And, though they do not respect President Mr. George W. Bush, economists and pundits who are busy nowadays in the U.S. media do not look like smart.

They do not understand Japan and Japanese economy at all. They talk often about the Japan’s decade-long or 15 year-long slump in comparison with the U.S. economy; but they don’t know it is Japan that has provided funds and money to the U.S. Federal Government, Fannie Mae and Freddie Mac, and Wall Street in this decade and 15 years. What’s more, it is Japan that has cultivated and modernized the Chinese market and Chinese industries.

So, the American radio comedian should have said, "When top economists and pundits in Washington D.C. heard that the banks were shut and closed due to the Wall Street turmoil, they all said, 'Go and use ATM.'"

Review EEE Report(er) on Wednesday, July 16, 2008.
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But the fact is as follows:
- The amount ($1.6 trillion) of outstanding bond of Fannie Mae and Freddie Mac has reached the level equal to one third of the amount ($4.7 trillion) of the US Treasury bonds outstanding.

- Top five holders of bonds of Fannie Mae and Freddie Mac are China, Japan, Cayman Islands, Luxembourg and Belgium, and institutional investors, accounting for more than $1.3 trillion.
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Review EEE Report(er) on Monday, June 02, 2008, too.
------------------------------

http://www.ustreas.gov/tic/mfh.txt

The total value of US Treasury bonds held by foreign countries and financial institutes is about $2,520 billion or $2.5 trillion.

Japan and China combined owns 40% of all, though quality and historical performance of each economy is so different in addition to each contribution to the global peace, as is being proven by the Great Sichuan Earthquake that occurred near the Tibet region.
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Now, you can ponder the tenth prediction by Mr. Ravi Batra, since he seems to respect Japan so much: "A hopeful economic system will emerge from Japan."


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Mr. Ravi Batra also wrote: "The single most worrisome economic problem today is that productivity is outpacing wages all over the world. Since productivity creates supply and wages create demand, supply outpaces demand; to maintain economic balance, the world is busy creating debt, which artificially raises demand."

http://www.ravibatra.com/gapr.html

This depicts one aspect of the economic situation in Japan in these 15 years. In this context, Japan is at the vanguard in the economy of mankind.

So, that is all for today.

Do not blame U.S. President, since Jesus Christ told no to blame anybody.

And, I have today piously proved why we must not blame U.S. President, since Japan is going to present "a hopeful economic system" to the world soon (along with EEE Report).

Finally, I don't think the eldest son of Mr. Kim Jong-Il will succeed his father, now having a serious illness, as the supreme leader of North Kora, though Mr. Kim Jong-Nam, presently staying in Beijing, looks virtually under the custody of the Chinese Communist Party, while North Korea military is busy developing an intercontinental missile.



(Indeed, till winter, the political and economic turmoil seems to continue in Japan and the world as streams of news seem to never cease even from a midnight TV station…

http://homepage3.nifty.com/yodonokofune/m_4seasons_winter.mid

Source: http://homepage3.nifty.com/yodonokofune/concert2pr_017.htm)




Mat 9:16 No man putteth a piece of new cloth unto an old garment, for that which is put in to fill it up taketh from the garment, and the rent is made worse.

Mat 9:17 Neither do men put new wine into old bottles: else the bottles break, and the wine runneth out, and the bottles perish: but they put new wine into new bottles, and both are preserved.

Mat 9:18 While he spake these things unto them, behold, there came a certain ruler, and worshipped him, saying, My daughter is even now dead: but come and lay thy hand upon her, and she shall live.

CHAPTER 9 or CHAPTER 11

CHAPTER 9 or CHAPTER 11


Today, Wednesday, the global money market is rebounding as FED has announced to prepare $85 billion to rescue A.I.G. after Lehman Brothers filed for Chapter 11 bankruptcy.

Nonetheless, it is time for parties concerned to review the Great Depression, though you do not have to be upset since the new Great Depression might be contained within Wall Street though Mafia-like workers there might not repent, according to the Revelation Chapter 9.



SECTION I: REVELATION CHAPTER 9

Last night, namely after having watched a late-night TV news program, I saw Japan’s Prime Minister in a humble dream.

No specific conversations happened between me and the Prime Minister; but in front of us there was a big mountain whose upper part had been violently scraped off in a large scale due to overdeveloping since it looked being full of valuable mines.

Indeed, there must be some American politicians checking EEE Reporter, since EEE miracles have happened here and there as I pointed at the following paragraphs of the Bible:
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Rev 9:11 And they had a king over them, which is the angel of the bottomless pit, whose name in the Hebrew tongue is Abaddon, but in the Greek tongue hath his name Apollyon.

Rev 9:12 One woe is past; and, behold, there come two woes more hereafter.

Rev 9:13 And the sixth angel sounded, and I heard a voice from the four horns of the golden altar which is before God,

Rev 9:14 Saying to the sixth angel which had the trumpet, Loose the four angels which are bound in the great river Euphrates.
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I interpreted this part, regarding “One woe” as the 9/11 Terror and “tow woes” as the Afghan War and Iraqi War.

But, the former can be Bear Sterns and the latter can be Lehman Brothers and Merrill Lynch.

And, note that this Chapter 9 has only 21 Verses or paragraphs, meaning that the horrible terror or woes would happen on the 11th day of the ninth month of the 21st century, namely Sept. 11, 2001.

Truly Rev 9:21 reads: "Neither repented they of their murders, nor of their sorceries, nor of their fornication, nor of their thefts."

Tell Mr. McCain that fight must be on Wall Street and Mr. Obama that change must be in Wall Street, for it looks like requesting full cooperation of the Democratic Party and the Republican Party to suppress the anti-Christ behaviors in Wall Street which might incur more anger of God in the form of huge financial losses.

Finally check the rapid growth of the credit derivative market and the credit default swap (CDS) market, as Lehman Brothers has more assets in CDS than Bear Sterns had.

Rapidly expanding in these years along with subprime loan business, the credit derivative market and the credit default swap (CDS) market have now the size over $33 trillion (U.S. GDP is about $14trillion), respectively, while buying and selling risks on credits:

(Click to enlarge.)
http://www.fsa.go.jp/singi/singi_kinyu/s_group/siryou/20070510/01-2.pdf

Solution Mr. McCain or Mr. Obama should present must include prohibition on reliance on CDS, because some experts point at CDS as a key factor to the recent financial crisis triggered in Wall Street after exposure of subprime-loan frauds.



SECTION II: DECLINE OF THE DOLLAR

Though I have not seen CNN or BBC TV programs nowadays due to some contractual issue, Mr. Paul Krugman made a TV appearance and wrote some on it:
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September 16, 2008, 2:15 pm
Larry King not so live

So last night I was on Larry King Live, dressed in my TV-from-the-Princeton-studio uniform: dress shirt, jacket, tie, shorts, and sandals (the camera doesn’t pan below the belly button). With me, Andy Serwer of Fortune and Stephen Moore of the WSJ.

Moore offered an argument I hadn’t heard before. The reason I hadn’t heard it that it’s really, really stupid. Our financial problems, he said, are caused by the falling dollar, which has reduced the value of American assets. It’s hard even to know where to start on that. But, um, we’re talking about balance sheets here; by and large the United States has liabilities in dollars (e.g., Chinese holdings of agency debt), while we have many assets that are, effectively, in foreign currency (Ford Germany is worth more when the euro rises against the dollar). So America’s balance sheet improves when the dollar falls, which is actually a major issue in international macro modeling.

Plus, the weak dollar is good for exports, which are about the only source of strength our economy has.

But the WSJ crowd is deeply attached to the idea that a strong dollar = a strong country (and if you believe in America, you believe that asset prices only go up, too). So reason has no impact….

http://krugman.blogs.nytimes.com/
----------------------------------------------------

Yes, unlike the last Great Depression in late 1920’s, global citizens might be more plagued by the unstable foreign exchange market in the next Greta Depression.

To avoid a critical impact, the role of G7 will become all the more important despite adverse opinions based on poor observation of the one billion Chinese as a burden on the Chinese financial sector.

In addition, Mr. Krugman gave some clues to prospects of economic policy Mr. McCain and Mr. Obama would adopt:
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Obama has called for expanded regulation, while McCain takes his advice from people like Phil Gramm, who helped create this mess. Plus McCain’s new line denouncing excessive executive bonuses makes no sense: Washington doesn’t set executive compensation! Unless McCain is willing to say what he’d actually do, it’s empty posturing.
----------------------------------------------------

Anyway, I wish that Mr. Larry King would live long with his friends in New York.

And, Paul, they are talking about crude oil whenever they are bringing on the weak-dollar issue as the crude oil prices have globally come down since Wall Street stopped to infuse dollars in the oil market.



SECTION III: CONSCIENCE OF U.S. LIBERALS

Mr. Paul Krugman wrote the book "The Conscience of a Liberal."

----------------------------
Product Description
America emerged from Franklin Roosevelt’s New Deal with strong democratic values and broadly shared prosperity. But for the past thirty years American politics has been dominated by a conservative movement determined to undermine the New Deal’s achievements.

Now, the tide may be turning–and in The Conscience of a Liberal Paul Krugman, the world’s most widely read economist and one of its most influential political commentators, charts the way to reform.

Krugman ranges over a century of history and shows that neither the American middle-class nor the baby boomers grew up in the increasingly oligarchic nation we have become over the past generation evolved naturally: both were created, to a large extent, by government policies guided by organized political movements.

The Conscience of a Liberal promises to reshape public debate about American social policy and become a touchstone work for an entire generation.

http://www.amazon.com/dp/0739358669?tag=saloncom08-20&camp=14573&creative=327641&linkCode=as1&creativeASIN=0739358669&adid=0YNJEHD0191EPNFC486N&

----------------------------

In short, Mr. Krugman found that there had been 30 year efforts from the Great Depression to 1950’s for the Federal Government to bolster lives of humble citizens, workers, laborers, and poor people in the United States.

This finding coincides with other results of non-nonsense research in that the aftermath of the Great Depression had ensued until the end of WWII or the damages brought by the Great Depression in the end of 1920’s had been finally conquered and wiped off in 1950’s.

However, the key point Mr. Krugman raised is a racial issue.

Put simply, as African Americans expanded the scope of their rights and social activities so widely through 1960’s and 1970’s (sometimes radically along with anti-Vietnam War movements), some European Americans came to fear of losing their dominance; Accordingly, the late Mr. Ronald Reagan exploited this mood among conservative European Americans, thus taking economic policies to make rich European Americans richer so as to be elected himself as U.S. President.

Since then, the gap between poor African or Hispanic Americans and rich European Americans has never showed a sign of diminishing.

Indeed, in order to preserve this gap, the upper class of European Americans would even accept the bankruptcy of Bear Sterns, Lehman Brothers, and Merrill Lynch if not A.I.G.

But, miscalculation and missteps can happen at any time in their financial and political operation, since the challenge far exceeds the level of their smartness.

And, frankly speaking, super-rich European Americans are a minority in the democratic country the United States of America.

Additionally, the above book is also introduced in Japan under a certain Japanese title meaning "The Gap Was Created."

( http://mainichi.jp/enta/book/hondana/archive/news/2008/09/20080907ddm015070013000c.html )

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Autumn is the season of art especially in Japan.

Many awards and prizes are being offered to various artists, players, and performers.

Of course, my photos can be appraised in future as one set of symbolic works of art in the early 21st century.

(So, if you are taken into a picture by EEE Reporter, it may have a huge value in future, though probably after we are gone.)

It is not a matter of superficial techniques and decorations but something that cannot be measured and analyzed with a brain contaminated by money.

Indeed, there are many Europeans, Americans, Chinese, Indians, and Russians working in the financial sector in Tokyo without uncontaminated brains.

That is why I am telling you not to trust super-rich men in Tokyo, without mentioning those in London, New York, and Shanghai.

It is because they cannot even interpret Chapter 9 of the Revelation of the Bible.



(It is said that the greatest dancers in the history of mankind are Nubian girls, if you can be a kind of Cleopatra, though I don’t care since there are so many Chinese in Sudan nowadays:

http://homepage3.nifty.com/yodonokofune/m_dance_antigue_nubias.mid

Source: http://homepage3.nifty.com/yodonokofune/concert2pr_017.htm)



Gen 9:17 And God said unto Noah, This is the token of the covenant, which I have established between me and all flesh that is upon the earth.

Gen 9:18 And the sons of Noah, that went forth of the ark, were Shem, and Ham, and Japheth: and Ham is the father of Canaan.

Gen 9:19 These are the three sons of Noah: and of them was the whole earth overspread.

Gen 9:20 And Noah began to be an husbandman, and he planted a vineyard:

EEE ESTIMATION: MAX $2.4 TRILLION LOSS

(After Floods, Japan)


EEE ESTIMATION: MAX $2.4 TRILLION LOSS



The latest debacle in Wall Street might decisively influence the U.S. Presidential Election.

At least, I suppose, the Clintons will lose their influential position.

Mr. McCain is not a type of Wall Street guys but Mr. Obama can be.

Yet, tax reduction might be needed for poor house owners all the more than rich people who will surely keep their houses despite this turmoil in Wall Street.

You may find a drastic change in popularity ratings for both the parties after Sept. 15. 2008, since it can be comparable to the 9/11 Terror in terms of the scale of financial influence, no matter how great speech the Presidential candidates would deliver.



SECTION I: Profligacy in Tokyo and Crash in New York

Yes, in Japan, too, the media were astonished to hear the news from Wall Street as I observed last night.

Who expected, before Sept.11, 2008, that Lehman Brothers and Merrill Lynch like two gigantic towers would fall at the same time so suddenly?

From a viewpoint of followers of Jesus Christ, any companies in Wall Street behaving like the Mafia are anti-Christ.

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In New York, on September 15, 2008, shortly before 1 a.m., Lehman Brothers Holdings announced it would file for Chapter 11 bankruptcy protection, although its subsidiaries will continue to operate as normal.[46] The Australian Securities Exchange (ASX) suspended Lehman's Australian subsidiary as a market participant however, after clearing-houses terminated their contracts with the firm.[47]

Lehman Brothers (LEH) shares tumbled 80% in U.S. pre-open trade.[48][49] The Dow Jones closed down 500 points on September 15, the largest drop since the days following the attacks on September 11, 2001.[50] The conditions on Lehman's trading floors that day appeared grim, a third of the sales force were absent and those that did come had brought their resumés, along with pizza, beer and tequila.[51]

http://en.wikipedia.org/wiki/Lehman_Brothers


On Wednesday, the prestigious securities firm announced a quarterly loss of nearly $4 billion, much more than investors had been expecting.

That's after a Korean bank said Wednesday morning that it had ended talks about buying a stake in Lehman….

from The Associated Press
Banks were in tense talks to create a pool of money worth up to $100 billion to lend troubled financial companies, the official said on condition of anonymity because the discussions were ongoing…

Barclays and Bank of America were considered front-runners to buy Lehman, which is foundering under the weight of $60 billion in soured real estate holdings….

The deal was tripping on the potential buyers' insistence that they receive the same kind of help that Bear Stearns Cos. got last March when JPMorgan Chase & Co. bought the securities firm with a $29 billion Fed-backed loan.

Treasury Secretary Henry Paulson has said the government will not help close a Lehman deal, and it was clear late Sunday he was not budging….

http://www.npr.org/templates/story/story.php?storyId=94449416&ft=1&f=1006
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In Tokyo, young Americans and British working in subsidiaries of foreign businesses, such as Lehman Brothers or Merrill Lynch, are said to be behaving like super-rich men, approaching to and cajoling young, innocent, good-looking Japanese women with an intention to treat them like whores or prostitutes.

In fact, there are some books and reports published on their immoral behaviors in Tokyo.

And, finally, their sources of wealth have been hit hard in New York probably by the Angel of Revelation.

If those young Americans and British working in subsidiaries of Wall Street companies had behaved well in Tokyo, I might have felt more sympathy for those financial sector workers.



SECTION II: ANALYSIS PRODUCING $2.4 TRILLION

There is a very useful Internet site in Japan reporting on the housing industry of major countries.

According to their report:
- In terms of the size of the housing market, the U.S. is No.1 and Japan is No.2 among developed countries.

- Till the middle of 1990’s, the number of houses newly built in the U.S. had been the same as that in Japan.

- However, since 2000, the growth of the housing market in the U.S. has been far beyond expectation with 2 million houses newly built and 6 million existing homes in circulation in 2004.

( http://www.reform-apple.com/html/inport/import-2005.10.html )

Then, in these five years 10 million houses must be newly built in the U.S.

If the half of owners of them, namely 5 million people, cannot meet their liabilities and the average amount of the default is 300,000 dollars including credit capability, the total default amount will be 1.5 trillion dollars.

In addition, if one sixths of existing-house owners, namely 1 million people, fail to pay their loans and the average amount of the default is 100,000 dollars including credit capability, the total default amount will be 100 billion dollars.

Therefore, the grand sum of the whole housing market crisis can reach 1.6 trillion dollars including credit capability.

If it is leveraged through securitization and a multiplier is 1.5, the expected loss can be $2.4 trillion.

I think this $2.4 trillion is the largest amount ever estimated since the news on the subprime loan crisis started to circulate in the general public in these quarters.


SECTION III: IMPLICATIONS

Conclusion is crystal clear: the anger of God upon Wall Street.

Yet, we have to check related figures of U.S. economy to comprehend situations:
GDP (PPP)……$13.81 trillion (2007)
Exports……. $1.149 trillion f.o.b. (2007 est.)
Imports……. $1.985 trillion c.i.f. (2007 est.)
Gross External Debts….. $13.77 trillion (30 June 2008)
Public debt…. $9.67 trillion (September 2008)
Revenues……$2.568 trillion (2007)
Expenses….. $2.896 trillion (2007)

So, now you know the expected maximum scale of the negative influence on U.S. economy, $2.4 trillion, is not a matter of nonsense, since it matches one sixth of U.S. GDP.

Yet, the real possible crisis is that failure in derivative transactions will erode the net assets of U.S. citizens, since they are now getting closer to $200 trillion.

http://en.wikipedia.org/wiki/Economy_of_the_United_States


On the other hand, poor people are so many in the number:
--------------------------------------------------------------------
According to UNICEF, 30,000 children die each day due to poverty. For the 1.9 billion children from the developing world, there are 640 million without adequate shelter, 400 million with no access to safe water, and 270 million with no access to health services.

http://www.gfwc.org/content_747_page2.cfm
--------------------------------------------------------------------

If you try to save the world by giving $10,000 to each of 640 million poor people without adequate shelter in the world, you just need $6.4 trillion.

I mean if all the American home buyers and owners give up their expenses and credit capability related to their possession of homes and houses, still they lack $4 trillion to save the whole world following the wish of the God Almighty. To fulfill it, you have to still transfer one third of U.S. GDP to this holy project.

In summary, the U.S. cannot save the world with its financial power alone.

You have to turn to the real power existing somewhere on this planet capable of addressing the issue of saving the world.

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

That is why I am telling you that if your friend has become so rich in connection with Wall Street and you are still his or her friend, the God will not like you.

Tell him or her to leave Wall Street if he or she wants to be still your friend.

You may, indeed, lose a rich friend, being rich for the time being, but you will not lose whatever little favor you have now from the God, in my humble opinion.

So, do not let me be misunderstood.

I am not such a man as would succumb to temptation of amenity and comfort the Devil provides in a big and gorgeous house.

But, if you do not succumb to temptation of amenity and comfort the Devil provides in a big and gorgeous house, I don’t mind if you live there, since it is what the Pope is expected to do in the house of Emperor in Rome.





(If they cannot be part of New York, they can still sing their way not along with Devil’s tune:

http://www.fukuchan.ac/music/popular/myway.html)





Act 9:16 For I will shew him how great things he must suffer for my name's sake.

Act 9:17 And Ananias went his way, and entered into the house; and putting his hands on him said, Brother Saul, the Lord, even Jesus, that appeared unto thee in the way as thou camest, hath sent me, that thou mightest receive thy sight, and be filled with the Holy Ghost.

EEE Miracles

(A Memory of Floods)


EEE Miracles


You may think that God has nothing to do with you, while you do not know why you were born at a certain point of the human history.

You might not have been born, if the God so wishes.

That is why I am praising God with my acknowledging all the miracles happening around me in these days, though I am just a poor man living so poorly.

Truly I am not a president of a railroad company, the president of a nation, a defense minister or a parliament member, or an executive in the financial sector or a TV business.

But just an inhabitant living in a city overlooking a holy river.



SECTION I: Railroad Accident in Los Angeles

If you have friends in Los Angeles, the accident must have been very shocking to you, though a bus fallen from a cliff in Sichuan Province, China, took about 50 lives and terror bombings in New Delhi claimed scores of lives yesterday.

-----------------------------------------------
Metrolink officials say trains crashed after their engineer drove through red light

Federal transportation officials say it's too early to determine what caused the crash that has killed at least 25 people and left 135 more injured, 40 of them critically.

http://www.latimes.com/news/local/traffic/la-me-traincrash14-2008sep14,0,1435016.story
-----------------------------------------------

Last week, I displayed rather somber scenery taken from a running train and at a railroad station around Tokyo.

Some of viewers must have been alerted to implications of red signs and signals displayed on pictures, since I usually avoid display of such uncomfortable elements in a scene in the picture corner of this blog.

Indeed, a big train accident occurred in Los Angeles taking lives of 25 people.

I believe there are still some non-nonsense viewers of EEE Reporter in Los Angeles who could evade this kind of tragedy through his or her belief in the Gospel and EEE Reporter.



SECTION II: Mr. Kim of North Korea Disabled

Is this a result from some clandestine operation of a ceratin country or divine justice?

-----------------------------------------------
Chinese doctors performed surgery on N. Korean leader after stroke

BEIJING, Sept. 14 KYODO
North Korean leader Kim Jong Il collapsed from a stroke on Aug. 14 and underwent surgery performed with help from five Chinese military doctors dispatched by China at North Korea's request, according to multiple Chinese sources.

The sources said that while Kim is recovering from the stroke, he is still experiencing problems in the functioning of his limbs, which is typical with stroke victims.

http://home.kyodo.co.jp/modules/fstStory/index.php?storyid=399058
-----------------------------------------------

The state of politically fatal illness of Mr. Kim Jon-Il was globally revealed after I had and while I was writing a warning so many times to North Korea for their act of atrocity of abduction of Japanese citizens over these decades.

Accordingly, the Bush Administration abandoned the idea of diplomatically accommodating North Korea with expectation that President Mr. George W. Bush would score good points in his foreign policy just like the failed attempt by the Clinton Administration in the last days of their presidency.

Though President Mr. Bill Clinton finally and fatally failed in dealing with North Korea despite his Secretary of State’s visit to Pyongyang, President Mr. George W. Bush can avoid following suit owing to the recent information about disabling state of Mr. Kim Jong-Il.

There must be some serious readers of EEE Reporter among families of Japanese abductees, though they may be reading this blog in Japanese translation (Oh my Goodness!).



SECTION III: Japan’s Aegis Ship "Atago"

On Sunday morning, Japan Time, the Japan’s Aegis ship ATAGO found a suspicious submarine in the Pacific Ocean off Kochi City of the Shikoku Island.

Several months ago, I displayed pictures of Atago of Japan’s Maritime Self-Defense Force anchored at a naval port in Yokosuka City on the Tokyo Bay.

It was a few weeks after an accident that Atago hit and sank a fish boat.

But this time, officers and crew of this modern naval ship could well perform their duty, since the submarine yet to be identified seems to be a Chinese one.

Coincidentally, around Sunday, the five candidates for the presidential election of the Liberal Democratic Party of Japan, including two former Defense Ministers, were going on their collective campaign tour in Kochi City.

One of the former Defense Ministers is of course Ms. Yuriko Koike, the only female candidate for the LDP president who is promised to be elected as Japan’s Prime Minister in the parliament, for the LDP is a majority ruling party in the Lower House.

I like, as you suspect, the type of machine like Atago, since without it Russia would illegally arrest more Japanese fishing boats, North Korea would pursue more covert operations in Japan’s territorial sea, China would invade Japan’s Senkaku Islands, also known as Diaoyutai Qundao, in the East China Sea, South Korea would put a slur on Japan in any disputable incidents in the past history, and the United States would request to the Japanese Government more military bases and financial contribution to their military operation.

As for Ms. Yuriko Koike, if she is disqualified, all the female politicians or Diet members in Japan are also disqualified. Or which do you trust honest Ms. Koike or highly biased, elitist, or pretender female politicians of the liberal parties in Japan?

And, she is one of beauties of her generation who were educated and brought up when Japan was not so contaminated by American commercialism and European immorality, though she learnt in Cairo and interviewed the late Mr. Yasir Arafat when she was a TV reporter.

Anyway, this is not personal at all by way of caution.



SECTION IV: Lehman Brothers and Fuji TV

----------------------------------------------------------------
Bankruptcy

On September 13, 2008, Timothy R. Geithner, the president of the Federal Reserve Bank of New York called a meeting on the future of Lehman, which included the possibility of an emergency liquidation of its assets.[37] Lehman reported that it had been in talks with Bank of America and Barclays for the company's possible sale.

http://en.wikipedia.org/wiki/Lehman_Brothers


August 27, 2007, 5:14 pm
Jeb Bush: Lehman’s Secret Weapon
Posted by Dana Cimilluca
In the arms race by private-equity firms to line up ever-higher profile “advisers,” Lehman Brothers may have just taken the lead.

According to a small handful of reports Friday, including this one in Investment Dealers’ Digest and another in Private Equity Hub, the investment bank has hired former Florida Governor and presidential son and brother Jeb Bush for its in-house investing arm.

No sign of an announcement from Lehman on the hire.

Private-equity firms hire politicos and former corporate honchos all the time to help them open doors to deals, as well as to manage government relations and the companies in their portfolios. Carlye Group chief David Rubenstein, in fact, discussed the increasing value of such moves in this Q&A published in The Wall Street Journal today.

No family these days has better door-opening skills in Washington or corporate America than the Bushes. The family of the 41st and 43rd presidents is no stranger to Wall Street either. Jeb’s father, George H.W., used to serve as an adviser to Carlyle, and his grandfather was a partner at Wall Street firm Brown Brothers Harriman.

It is the second corporate gig for the former Florida governor, who stepped down after two terms in January. He already has joined the board of Tenet Healthcare.

http://blogs.wsj.com/deals/2007/08/27/jeb-bush-lehmans-secret-weapon/


In one of the most dramatic days in Wall Street’s history, Merrill Lynch agreed to sell itself to Bank of America for roughly $50 billion to avert a deepening financial crisis, while another prominent securities firm, Lehman Brothers, hurtled toward liquidation after it failed to find a buyer, people briefed on the deals said.

http://www.nytimes.com/2008/09/15/business/15lehman.html?_r=1&hp&oref=slogin
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I have been giving warnings on Mafia like behaviors of those involved in business conducted in Wall Street.

Even a few years ago, when Livedoor of Japan tried to actually purchase Fuji TV, a television station in Tokyo, I strongly warned those concerned for their anti-public behaviors supported by funds of Lehman Brothers.

I do not especially like the Fuji TV station, since they present immoral figures so often on air like other channels.

But, they have one nice building on the Tokyo Bay which looks like an artistic fortress in the eyes of classical warriors.

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

Last night, namely Sunday night in Japan though today Monday is a special national holiday in Japan to respect elders and the aged, I saw a British film on TV.

It featured huge floods that half submerged London.

Indeed, if the Arakawa River flowing into the Tokyo Bay floods, it is expected tens of thousands of Tokyo residents would be left dead.

That is why I am telling you that the Arakawa River is holy, as I have presented so much scenery along and around the Arakawa River water system.

You may suspect that your life is in God’s hands so critically, if not EEE Reporter’s at all from a religious point of view, in case that you are living in or staying at Tokyo.

Of course, to save souls as many as possible is my first priority since I live on the Kanto Plain just like so many Americans nowadays.




Mat 9:15 And Jesus said unto them, Can the children of the bridechamber mourn, as long as the bridegroom is with them? but the days will come, when the bridegroom shall be taken from them, and then shall they fast.