Section
Money, Total Debts and GDP in Japan
- Our Surprising Four Findings -
(1) Japan's Money Stock M3 is created at
Interest
as Total Debts (Loans to Households, Producers and Government)
by Commercial and Central Banks Out of Nothing
(Money Stock M3 ~ Total Debts)
(2) Private Debts by Households and
Producers
Ends up with Time Deposits (Line3 ~ Line4)
Ends up with Time Deposits (Line3 ~ Line4)
(3) Government Debts Increase only
Money Stock M1 (Line5 ~ Line 6)
(4) Aggressive Fiscal Policies
(Government Debts: Line 4)
Failed to Stimulate GDP (Line5)
Failed to Stimulate GDP (Line5)
