What Went Wrong With Japan’s Economy (Part Three of Three)

And How to Repair It by Bill Totten http://www.ashisuto.co.jp/ (January 31 2012) I read this in a news report the other day: Japan's prime minister told parliament Tuesday he will move to double sales taxes, warning that the future of the world's third-largest economy depends on turning the rising tide of public debt ... ... … Continue reading What Went Wrong With Japan’s Economy (Part Three of Three)

What Went Wrong With Japan’s Economy (Part Two of Three)

And How to Repair It by Bill Totten http://www.ashisuto.co.jp/ (January 30 2012) I think our government has much better ways than the regressive Consumption Tax for increasing tax revenues. I see at least two important criteria for taxes: 1. They should be fair:  that is, progressive or at least proportional to ability to pay, not … Continue reading What Went Wrong With Japan’s Economy (Part Two of Three)

What Went Wrong With Japan’s Economy (Part One of Three)

And How to Repair It by Bill Totten http://www.ashisuto.co.jp/ (January 29 2012) I've lived in Japan for 42 years. The first half of those 42 years were called our "economic miracle", while the second half are called our two "lost decades". During our "economic miracle", we had low unemployment, low income differentials, low suicide rates, and … Continue reading What Went Wrong With Japan’s Economy (Part One of Three)

‎Fractional Reserve Banking – Correction

Note: In the version of this I sent last evening, I looked at only one bank. This update includes how fractional reserve banking affects the entire banking system. by Bill Totten ashisuto.co.jp (January 28 2012) Forty years after I received my doctorate in economics, specializing in econometric analysis of money and banking, I think I … Continue reading ‎Fractional Reserve Banking – Correction

Fractional Reserve Banking

Fractional Reserve Banking by Bill Totten ashisuto.co.jp (January 27 2012) More than forty years after I received my doctorate in economics, specializing in econometric analysis of money and banking, I think I finally have come to understand the meaning of "fractional reserve banking" {1}. I will explain my understanding of "fractional reserve banking" here, and … Continue reading Fractional Reserve Banking

George Soros predicts riots, police state and class war for America

RT.com (January 25 2012) Billionaire investor George Soros has a new prediction for America. While it might be as dire as it gets for the financial wiz, this bet concerns more than just the value of the buck. According to Soros, there's about to be an all-out class war. Soros, 81, previously bet against the … Continue reading George Soros predicts riots, police state and class war for America