Unconditional Truth and Temporary Theory
This is the last Monday of 2009. Like the last Monday of 2008, 2001, 1997, 1995, 1991, 1990, 1987, and so on, it will be taken out from mankind and realigned in history.
It is only meaningful in such a context as that where somebody repents, comes back to his right senses, and starts to praise the God on the last Monday of 2009.
Now three to go, folks.
SECTION I: CONFUCIUS
A follower of Confucius, an ancient Chinese philosopher oriented toward a ruler or a premier, asked his master one day 2500 years ago or so:
"What does the governing of a nation mean, Master?"
"The politics is based on trust, economy, and military, my friend."
"If one of the three elements should be given up, what would you forsake, Master?"
"Military, my friend."
"If two of the three elements should be given up, what would you forsake next, Master?"
"Economy, my friend."
"What is the element a monarch should secure until the end, Master?"
"Trust, my friend."
It is crystal-clear that if a monarch does not observe laws and decrees promulgated under his name, he would surely lose the public faith and the confidence of people.
That is why there is no dynasty in China that could stand more than 500 years.
In this context, it is noteworthy that the Japanese Imperial family has continued its uninterrupted succession to the throne for 1800 years and the Vatican 1900 years to date in a strict sense based on history.
SECTION II: SUPPLY AND DEMAND
If unlimited supply potential exists, a price will be adjusted only according to demand. It is why more demand is needed to get rid of deflation.
(Note that scales on the two horizontal axes are not simply proportional, though they share the origin "0.")If unlimited demand potential exists, a price will be adjusted only according to supply. It is why more supply is needed to get rid of inflation.
Now, the world has too much industrial production potential, leading to no inflation in this context.
Yet, the world might need more crude oil in near future, leading to inflation in this context.
*** *** *** ***
As of the end of October 2009, Japan possesses U.S. Treasury bonds worth $746.5 billion while China accumulates $800 billion of the bonds.
If Japan and China dump these bonds, American Government has to buy back them at $1.5 trillion.
On the other hand, almost all of outstanding Japanese Government bonds are owned by domestic banks, corporations, investing institutions and individuals inside Japan.
China has mostly used dollars obtained by selling yuan in the exchange market as a capital to buy U.S. Treasury bonds. Apparently this risky situation of G2 (USA and China) deteriorates business minds of the international market.
If new economics is formulated for the era of G2 or G20, it will not work as usual, since the above risky situation cannot be understood by today's economists whose scope in history covers at most the post-WWII era.
What's more, economy only works sufficiently when it is based on trust of people. Wall Street and American economists have apparently lost trust of many righteous Americans and world citizens.
Finally, the War in Afghanistan never contributes to improvement of American economy and credit to the American Government. The direction in their politics is erroneously inverted.
Anyway, bye-bye, Last Monday of 2009! See you again, if I should not fall into the pits of hell!
(This is the third day from Christmas, though people start to forget the significance of the birth of the Son of God. Nonetheless, it is said that three scholars, ruling elders, or kings came from the east to Bethlehem so as to praise a new born baby called Jesus. Accordingly, the legend is sung today.
http://www7.plala.or.jp/machikun/seika36.MID
Source: http://www7.plala.or.jp/machikun/christmasmidi.htm)
Mar 12:28 And one of the scribes came, and having heard them reasoning together, and perceiving that he had answered them well, asked him, Which is the first commandment of all?
Mar 12:29 And Jesus answered him, The first of all the commandments is, Hear, O Israel; The Lord our God is one Lord:
Mar 12:30 And thou shalt love the Lord thy God with all thy heart, and with all thy soul, and with all thy mind, and with all thy strength: this is the first commandment.