American Solution
America has 40 Nobel laureates in economics in the past.
At least, scores of Nobel laureates in economics must be still active in the U.S. However, American people have not been presented an effective solution yet.
Rather, a solution must mean doubting those professors and economists.
US Presidency
My standpoint is that it is controversial: an 8-year president of the U.S.
I am not agreeable to welcome the 8-year presidency of Mr. Barack Obama. Look at EU. Look at their financial crisis. The main factor is of course Germany, since Germany's surplus is an inverted state of deficit of other EU members and Germany has been in the most responsible position. If Germany had taken earlier a more decisive stance, the Greek crisis should have been prevented. But, as Ms. Merkel has been prime minister of Germany since November 2005, she is responsible for this crisis. As Germans have not changed their prime minister for 6 years, they could not take swift and smart actions against this financial crisis. Germany should have changed their prime minister every year like Japan to effectively respond to ever changing situations in the world.
So, I am not agreeable to welcome the expected 8-year-long presidency of Mr. Obama.
JAPAN-China War?
If Japan and China engage in warfare with each other over the East China Sea and the US joins Japan to win, the US unemployment rate will go down to 2%.
But can it be a "good" final solution for America?
http://www.asagumo-news.com/news/201006/100617/10061706.htm
State of US Economy
It is true what Occupy Wall Street guys claim.
It is American corporate profits and wealthy Americans' assets that have recovered from the 2008 financial crisis but not ordinary or poor American people's living standards.
(Chart 14, from The 'Jobless and Wageless' Recovery from the Great Recession of 2007-2009 (pdf). Source: Center for Labor Market Studies, Northeastern University, Boston, Massachusetts; May 2011 )
Put simply, it is recovery without employment. Goods and products Wal-Mart shops sell are produced in China and other emerging countries. The high-tech industry and the automobile industry of America do not need so many workers since their business and work are well computerized and robotized. The housing industry has so many backlogs. The prospect is not good. In addition, the US military is going to reduce its manpower.
However, there is a solution, of course. It is for US businesses and wealthy people to spend money for ordinary and poor Americans. But through what channels and in what fields?
One answer is religion. It is said that the financial scale of the US donation market is $303 billion in 2009. This sector must play a major role.
(to be continued...)
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Japanese Minister of Finance Mr. Azumi promised in G20 Conference that Japan would increase its consumption tax rate from 5% to 10% in a year or so.
However, it is unlikely that the Noda Cabinet will be able to introduce the new tax scheme in the next ordinary diet session. However, there is another authentic way for Japan to improve its financial state. The Bank of Japan is already authorized by law to take up the Japanese Government bonds worth $230 billion. It is equivalent to a 7% to 9% tax rate rise for a year.
Tax makes people poor, but bonds never. Tax targets people living in a nation while government takes money from the people without giving them bonds. But, if bonds are purchased by its people, it is regarded as tax in exchange of bond certificates. What's more after paying tax, people can consume less. But, bonds are mostly purchased by banks and rich people, so that it does not adversely influence consumption in large.
Yet, it is not desirable for government to issue bonds without restriction. We need a new theory, such as one for issuing government notes, to support this scheme. If it is well established, the Bank of Japan and FRB can take more active part in supporting the national finance.
Mat 10:18 And ye shall be brought before governors and kings for my sake, for a testimony against them and the Gentiles.
Mat 10:19 But when they deliver you up, take no thought how or what ye shall speak: for it shall be given you in that same hour what ye shall speak.
Mat 10:20 For it is not ye that speak, but the Spirit of your Father which speaketh in you.
State of US Economy
It is true what Occupy Wall Street guys claim.
It is American corporate profits and wealthy Americans' assets that have recovered from the 2008 financial crisis but not ordinary or poor American people's living standards.
Put simply, it is recovery without employment. Goods and products Wal-Mart shops sell are produced in China and other emerging countries. The high-tech industry and the automobile industry of America do not need so many workers since their business and work are well computerized and robotized. The housing industry has so many backlogs. The prospect is not good. In addition, the US military is going to reduce its manpower.
However, there is a solution, of course. It is for US businesses and wealthy people to spend money for ordinary and poor Americans. But through what channels and in what fields?
One answer is religion. It is said that the financial scale of the US donation market is $303 billion in 2009. This sector must play a major role.
(to be continued...)
*** *** *** ***
Japanese Minister of Finance Mr. Azumi promised in G20 Conference that Japan would increase its consumption tax rate from 5% to 10% in a year or so.
However, it is unlikely that the Noda Cabinet will be able to introduce the new tax scheme in the next ordinary diet session. However, there is another authentic way for Japan to improve its financial state. The Bank of Japan is already authorized by law to take up the Japanese Government bonds worth $230 billion. It is equivalent to a 7% to 9% tax rate rise for a year.
Tax makes people poor, but bonds never. Tax targets people living in a nation while government takes money from the people without giving them bonds. But, if bonds are purchased by its people, it is regarded as tax in exchange of bond certificates. What's more after paying tax, people can consume less. But, bonds are mostly purchased by banks and rich people, so that it does not adversely influence consumption in large.
Yet, it is not desirable for government to issue bonds without restriction. We need a new theory, such as one for issuing government notes, to support this scheme. If it is well established, the Bank of Japan and FRB can take more active part in supporting the national finance.
Mat 10:18 And ye shall be brought before governors and kings for my sake, for a testimony against them and the Gentiles.
Mat 10:19 But when they deliver you up, take no thought how or what ye shall speak: for it shall be given you in that same hour what ye shall speak.
Mat 10:20 For it is not ye that speak, but the Spirit of your Father which speaketh in you.