(Snowcapped Volcano Mt. Asama, which recently erupted, though very mildly, situated 150km northwest of the center of Tokyo City)"Good Tidings of Great Joy"
According to "FEDERAL RESERVE STATISTICAL RELEASE," dollar bills or their equivalents in America were increasing at a pace of $400 billion per year before September, 2008.
Since Sept. 2008, U.S. dollars have been increasing at $1200 billion per year; now everyday three times more dollars are input into the U.S. than before.
So, let’s check an economic site: http://econoindicators.com/2009/01/money-supply-january-15-2009/
M2 consists of M1 plus (1) savings deposits (including money market deposit accounts); (2) small-denomination time deposits (time deposits in amounts of less than $100,000), less individual retirement account (IRA) and Keogh balances at depository institutions; and (3) balances in retail money market mutual funds, less IRA and Keogh balances at money market mutual funds.
M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) traveler’s checks of nonbank issuers; (3) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and (4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOW) and automatic transfer service (ATS) accounts at depository institutions, credit union share draft accounts, and demand deposits at thrift institutions.
But, here what I want to discuss is the pattern of an incident in the human society, referring to this figure.
An incident transits at a steady pace like in the period until Feb. 2008 in the above M2 Figure.
It then reaches a plateau, showing little changes, like in the period between February 2008 and August 2008.
And then, it suddenly starts to swing upward sharply like in the period after August 2008.
If you monitor any non-nonsense incident or occurrence, you have to check its trend referring to the above three phases: a stable growth, a plateau, and a sharp or drastic change. For, example, you can check the historical trend of the NYSE indexes or crude oil prices in various ranges of observation time.
This pattern can also apply to the U.S. 2008 Presidential Election.
In addition, after the third phase of a sharp or drastic change usually comes a catastrophic change or an entire shift of the world to a new world or a new era characterized by a new paradigm.
So, we are yet to see the conclusion of this Wall Street-triggered global financial crisis and recession as well as the U.S. Presidential Election boom.
What’s more, in the head page of the EconoIndicators, you can also find the following data:
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Employment Situation At a Glance
• Total Employment: 142,099,000
• Nonfarm Payroll Employment: 134,580,000
• Monthly Change: Down 598,000
• Unemployed Persons: 11,616,000
• Unemployment Rate: 7.6%
• Change: Down Up 0.4%
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It is time for 11,616,000 Americans to change their view on their lives, the society, and the world and follow Ever-Holy Jesus Christ to be glorious members of the Kingdom of God regardless of their financial status in the material and economic sphere.
It is so since, dollar bills are now increasing in the American society at the pace of $3 billion per day.
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Yeah, it was a nice trip, since I took 334 pictures yesterday, my friend.
Luk 2:6 And so it was, that, while they were there, the days were accomplished that she should be delivered.
Luk 2:7 And she brought forth her firstborn son, and wrapped him in swaddling clothes, and laid him in a manger; because there was no room for them in the inn.
Luk 2:8 And there were in the same country shepherds abiding in the field, keeping watch over their flock by night.
Luk 2:9 And, lo, the angel of the Lord came upon them, and the glory of the Lord shone round about them: and they were sore afraid.
Luk 2:10 And the angel said unto them, Fear not: for, behold, I bring you good tidings of great joy, which shall be to all people.