"His Secret is with the Righteous"
(Evil Flow of Money?)
Traditionally, it is said in Japan that there are two things too much for Japan: Mt. Fuji and Sakura cherry blossoms, though they are the symbols of the Japanese spiritualism impossible to replace.
Today, there are two things too much for America: the California Poppy and the Rocky Mountains, or the Rose and the Mississippi.
(http://www.growerflowers.com/SENation.asp
http://en.wikipedia.org/wiki/List_of_U.S._state_flowers )
SECTION I: Abolish BIS Requirements!
Mr. Yoshimi Suzuki, a very veteran Japanese economist, claimed that it is BIS regulations that should be blamed and corrected.
He argued that the capital adequacy requirements the BIS has imposed on banks worldwide with an aim for BIS bureaucrats to control the global financial sector is one of the major underlying factors that have invited this financial crisis.
The BIS requirements have not returned banks and other financial institutions to healthy conditions, but they have amplified economic fluctuation, leading to the bubble.
According to his claim, the BIS requirements must be abolished, since the definition of equity capital or capital owned by an individual bank is very groundless.
(http://www.suzuki.org/)
http://en.wikipedia.org/wiki/Bank_for_International_Settlements
International standards are of course needed to allow any bank of any country to join the respectable and honorable international financial sector.
But, as the international financial sector is now found not to be respectable and honorable at all, those standards and requirements must be abolished.
Now this time, not Anglo-Saxon countries but Japan must be in charge of drafting new standards and requirements to apply to any bank of any country wishing to join the international financial sector no matter how many dangerous and evil players are there.
SECTION II: A BIS REPORT
Any serious economic issue must be argued and analyzed at least in a time span of a decade.
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BIS Working Papers
No 244
Global monitoring with the BIS international banking statistics
...
ASIA OSC = Hong Kong SAR, Macao SAR and Singapore; ASIA PAC = China, India, Indonesia, Korea, Malaysia, Pakistan, the Philippines, Taiwan (China) and Thailand; CARIB = Aruba, the Bahamas, Bermuda, the Cayman Islands, the Netherlands Antilles and Panama; CH = Switzerland; EM EUROPE = Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Romania, Slovakia, Slovenia, Turkey and Ukraine; EURO = euro area countries; JP = Japan; LAT = Argentina, Brazil, Chile, Colombia, Mexico and Peru; OIL = OPEC member states (excluding Indonesia) plus Russia; OTHER = Australia, Canada, Denmark, New Zealand,
Norway and Sweden; UK = the United Kingdom plus the offshore centres Guernsey, the Isle of Man and Jersey; US = the United States.
1 The thickness of an arrow is proportional to the amount of cumulative net bank flows between regions. Net flows between regions A and B equal the sum of: (1) net claims (assets minus liabilities) of banks in A on non-banks in B; (2) net claims of banks in B on non-banks in A; and (3) net interbank flows between A and B. Some regions include countries which do not report data. The thickness of the arrows is scaled by the overall flows cumulated over the respective period, and thus is not directly comparable across panels. In contrast to Figure 4, the size of the circles has no significance.
Source: BIS.
…
Figure 5 presents the net flow of capital channelled through banks, cumulated over two periods (1990–97 and 1998–2006). This allows for a comparison of the net flow of funds through banks before and after the Asian financial crisis. Each arrow in Figure 5 provides two pieces of information: the direction of net capital flows between two given regions and the relative size of these flows (indicated by its thickness).
Between 1990 and 1997, the United States and emerging Asia-Pacific stood out as the main net borrowers on the international banking market, whereas Japan was the main provider of funds (Figure 5, top panel). In line with the renewed growth of its current account deficits over this period, the United States experienced a net inflow of $433 billion via the banking market. Roughly 85% of this was provided by Japanese and UK residents. At the same time, residents of Japan and the countries that now comprise the euro area jointly exported $195 billion to Asian offshore centres and emerging Asia-Pacific, accounting for 74% of the overall net banking flows into these economies....
http://www.bis.org/publ/work244.pdf?noframes=1
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On Wall Street, they have been simply too proud in these two decades borrowing such a huge amount of money from Japan, which actually is proven to be an act of fools nowadays, though some of them still look so proud or rather evil on Wall Street.
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Jesus Christ kindly taught us not to pull out weeds in haste.
It is so, since wheat and other valuable plants might be harmed by such a hasty operation.
So, we have to let them grow together until the harvest time.
However, it is all for protecting valuable plants such as sakura, the rose, or the California Poppy.
In addition, it is the fleur de lis (iris) in the case of France.
(Si le ciel est bleu le jour, à régler pour lui si le voyage dans ce monde.
http://www.countrymidikaraoke.com/duocentury/c%27est%20l%27amour%20(Edith%20Piaf).kar.mid
Source: http://www.countrymidikaraoke.com/duocentury/)
Pro 3:31 Envy thou not the oppressor, and choose none of his ways.
Pro 3:32 For the froward is abomination to the LORD: but his secret is with the righteous.