World Banks

Japan Displaces US as World's Top Creditor

US bank assets increase 240 fold as federal spending increases 2800 fold

	US Bank Assets PLUNGE: from 32 Times Greater than Federal Spending, to Only TWO Times Greater.
	In 2001, Mizuho Holdings in Tokyo Became World's largest bank (Assets of $1.3 Trillion) .
	Japanese bank profits exploded in 2001.
	The 2000 "Asian Economic Crisis":  Bank of Tokyo down 4%.
	Japan's REAL Banking System:  the Japanese Postal Savings Account.
	U.S Government IS the PROBLEM!

"In fact, the government of China owns in this way about one third of
all publicly traded corporations in China. And when we factor in the
fact that they own lots more corporations that are not publicly
traded, we see that very roughly half of the economy of China is, in
one way or another, government. That is, the economy of China is a
very healthy mixture of very large amounts of both socialism and
capitalism."

China is no longer communist. It now has a 51% personal savings rate, which is INFINITELY higher that our NEGATIVE rate of 2-5%. Such a high personal savings rate is not possible under communism. WE are communist now, and CHINA is NOT. While China's banks have EXPLODED, ours have gone BANKRUPT. Lehman Brothers ALONE cost us $691 BILLION from their bankruptcy. Washington, Mutual, $328 BILLION. MF Global will cost us another $41 BILLION. Meanwhile, Industrial and Commercial Bank of China exploded 4 fold to $2 TRILLION, becoming the 5th largest bank in the world. Bank of China Limited, Beijing, exploded seven fold to become the 11th largest bank. The Hongkong and Shanghai Banking Corporation Limited increased 3 fold to become 37th. Bank of Communications Co Ltd, Shanghai, exploded ten fold to become the 40th largest.

And these are not the fastest growing nor largest banks. Of the top 100 world banks, BNP in Paris is now the largest, with assets nine TIMES greater than a decade ago. Deutsche Bank in Germany is second, with assets of $2.5 TRILLION, up three fold. Barclay's of London is third, with assets more than 6 times greater than a decade ago. Crédit Agricole SA, Paris is up five fold. Even assets in the Royal Bank of Scotland plc, Edinburgh, in lil' ole' Scotland is larger than ALL our banks. Assets in the Bank of Tokyo-Mitsubishi UFJ Ltd , Tokyo , Japan, are up 3 fold. Asssets in Banco Santander SA, Boadilla del Monte, Spain are up NINE fold. Assets in Lloyds TSB Bank plc, London, UK are up six fold. Assets in Société Générale , Paris La Défense , France are up four fold. Assets in UBS AG , Zürich , Switzerland are up two fold. Assets in BPCE, Paris, France are up four fold, in Sumitomo Mitsui Banking Corporation, Tokyo, Japan up three fold, ING Bank NV, Amsterdam, Netherlands up three fold, HSBC Bank plc, London, UK up three fold.

Americans Own Only 5% of their OWN Public Debt

Of our $16 TRILLION public debt, a debt which is twice as large as ALL the assets in ALL our banks, only 5% is owned by Americans, with little old Saudi Arabia (with a population about half that of California) holding ONE TRILLION DOLLARS, and Japan holding $9 trillion. Our UNPRECEDENTED negative balance of trade puts us in the position of having to ask China if we can borrow enough money to bomb Baghdad. Either of these three countries could easily kick the leg out from under our three legged stool simply by calling their debt, and at the current rate of spending and borrowing, American banks will have ZERO assets by 2015.

"MADE IN USA" in 1963 Is Where 70% of the World's Cars Were From

In 1962, just prior to the 1964 Civil Rights Act (and the Equal Pay Act, and affirmative action), the words "Made in USA" were cherished around the world. ANYTHING made here was of the best quality the world had ever known, we made almost three quarters of all the cars in the world, the idea that Korea or Japan would ever be able to compete with us in any industry, particularly semiconductors and cars, was ludicrous. GM, Ford, GD, and Standard Oil were the biggest corporations in the world by far, with Dutch Royal Shell being one third the size of GM or Bank of America.

What A Difference Two Decades Makes

Within two decades after the 1964 Civil Rights Act, all of that had changed. Multiple banks in Japan, Barclays in England, Banque Nationale in France, Deutsche Bank in Germany, Royal Bank of Canada, were all larger than our second largest bank, Citibank.

Dai-Ichi Was FOUR TIMES Bigger than Citibank Within Three Decades

Three decades after the CRA, our largest bank, Citibank, was one quarter the size of Dai-ichi, Sumitomo, Mitsui, Sanwa, Fuji, AND Mitsubishi in Japan, one third the size of four French banks and one German bank, and half the size of 8 other Japanese banks, 3 Swiss banks, and 3 UK banks.

By 1999, Only Six US Banks Were Among the World's Top 50

Four decades after the CRA, only 6 US banks were amongst the world's top 50 banks, compared to 11 Japanese, 9 German, 6 United Kingdom, and 5 French banks.  The largest bank in the world was Deutsche Bank in Frankfurt, Germany, with $735.2 billion in assets, considerably larger than our largest bank Citigroup with assets of $687.4 billion). 

 Missing from that list are the following Chinese banks: 

Top 20 world banks in 2001

In 2001, only ONE of the top 20 world banks, Chase Manhattan, was a US bank, 7 were Japanese, 2 were Swiss, 2 were Chinese, 3 were German ( with assets four TIMES that of Chase Manhattan), 2 were in the UK, one was French, and one was Dutch (with assets 40% greater than Chase).

http://www.asiaweek.com/asiaweek/features/financial500.2000/banks51-100.html

By 2011, Only FOUR US Banks Were Amongst the Top 50

Missing from the following list of bank assets are two important savings assets which are not reported with regular bank assets:

1. Japan's Postal Savings Accounts which are not banks and thus not counted on this list. The vast majority of Japanese household savings are here, not in banks.
2. Germany's savings banks, which don't even report their assets to any of the following organizations.

Only China Has Fewer Assets per Capita than the US

1916

Deposits in US banks were $22.6 billion, 32 times greater than federal government expenditures of $713 million.

1929

Deposits in US banks were $51.5 billion, 16 times greater than federal government expenditures of $3.1 billion.

1939

Deposits in US banks were $56.9 billion, 6 times greater than federal government expenditures of $9.1 billion.

1940

Deposits in US banks were $60.6 billion, six times greater than federal government expenditures of $9.7 billion.

1954

Deposits in US banks were $182 billion, 2.6 times greater than federal expenditures of $70.9 billion.

1962

Deposits in the top five US banks were $45 billion.

1983

Four of the world's top 40 commercial banks were US banks, 16 were Japanese, 4 were French, 4 were United Kingdom, 4 were German, 3 were Canadian, 2 were Swiss, and 1 was in Hong Kong.  Of the $2,079 billion in commercial banks in the US, 85% or $1,628 billion was in US banks, which was only 2 times greater than federal expenditures of $808 billion.

1988

One of the world's top 40 commercial banks was in the US with assets of $105 billion and 22 were Japanese with assets of $1.9 trillion.   Per capita, the top Japanese commercial banks had 37 times as much in assets as US banks. 

1990

One of the world's top 40 commercial banks was a US bank, 17 were Japanese banks, 3 were French, 7 were German, 2 were United Kingdom, 3 were Swiss, 2 were Italian, 2 were Dutch, and 1 was in Hong Kong.   Six Japanese banks were each 4 times larger than our largest bank, Citibank, and 3 French banks were 3 times larger.

1996

The New York Times reported on December 16, 1996, just a few years before assets in Sumitomo Bank more than doubled, that "Japan to Use 10 Trillion Yen to Bolster Banking System", an utterly ludicrous statement.  10 trillion yen is only $91 billion, a mere 1.7% of just the assets in only the top Japanese banks, not including perhaps $93 trillion in their Postal Savings Accounts, nor the rest of Japan's banking system. For the government to offer to "bail out" such banks with a $91 billion loan is about like offering to fill up the Pacific Ocean with a tea cup--it's an empty gesture whose only hope could be to make bureaucrats feel better about the disaster they created, convince American sheeple that Japan is in the middle of an "Asian economic crisis", or prevent sheeple from comprehending the magnitude of the error of letting jews run our banks.

1998

Of the world's top 50 banks, five of them were US--Chase Manhattan, Citicorp, NationsBank, JP Morgan, and Bank of America--with assets of $1.5 trillion, and 15 of them were Japanese with assets of $5.2 trillion.  Per capita, the top Japanese commercial banks now had only 8 times as much in assets as US banks.  Our total assets in commercial banks were $5.4 trillion, but by 2000, the assets of just the Japanese banks in the Asian Top Fifty Banks were $6 trillion.   Of the 17 banks larger than our largest bank, Chase Manhattan, 8 were Japanese, 2 were German, 2 were Swiss, 2 were in the UK, 2 were French, and 1 was in the Netherlands.   The top Japanese bank was almost twice the size of our largest bank, Chase Manhattan.  Excluded from that list, but included on The Asiaweek Financial 500 for the year 2000 http://www.asiaweek.com/asiaweek/features/asiaweek1000.2000/table1-50.html were Industrial & Commercial Bank of China and Bank of China.

2000

During the alleged "Asian economic crisis" between 1998 and 2000, the assets of Japan's largest bank, Bank of Tokyo, decreased by 1.7%.  But Sumitomo Bank's assets increased 5.6%, Dai-Ichi Kangyo Bank's increased 17.6%, Sanwa Bank's increased 4%, Fuji Bank's increased 32.9%, Sakura Bank's increased 15%, Tokai Bank's increased 10%, Asahi Bank's increased 20.5%, Industrial Bank of Japan's by 3.8%.  Just the amount by which the assets of only 4 Japanese banks (Dai-Ichi, Fuji, Tokai, and Asahi) increased in only two years is greater than the total assets of Bank of America.

2001

Of the world's top 40 banks, 5 were Japanese with assets of $4.8 trillion and 7 were US with assets of $3.5 trillion.  Citigroup in New York, which ranked second, had assets of only $1 trillion, one quarter of a trillion less than the $1.28 trillion in Mizuho Holdings in Tokyo.  Total assets in US commercial banks were $5.0 trillion, compared to $7.3 trillion in the top 500 Japanese banks. Excluded from this list by American Banker was the Bank of China, which would have ranked 18th had it been included.  The assets of one single Japanese bank, Sumitomo, grew by $409 billion, from $515 billion to $924 billion (almost as much as the total assets of our second largest bank, Bank of America).

2002

Of the world's top 100 commercial banks, 10 were Japanese with $3.4 trillion in assets and 19 were US with $4.9 trillion.  But the monetary base of Japan's central bank accelerated to $71.5 trillion by 2002, increased another 31% to $94 trillion in 2003, and another 7% to $100.8 trillion in 2004.  Total assets in US commercial banks were $7.4 trillion, but only 73% or $5.4 trillion was in US-chartered banks, an amount that was only 2.7 times greater than federal government expenditures of $2 trillion.

WE NEED AN "ASIAN ECONOMIC CRISIS" LIKE JAPAN HAD

References:

	Federal expenditures.
	US banks.

World Banks 2011

By 2011, TWO of the world's top 20 banks, Bank of America and JP Morgan, were US banks, but FOUR were Chinese banks (one with assets 25% greater than JP Morgan), four were French (one with assets 64% greater than JP Morgan, as did one German bank), four were in the UK, 2 were Japanese, 1 was Spanish (about the size of JP Morgan), and one was Dutch.

http://www.bankersalmanac.com/addcon/infobank/bank-rankings.aspx or see banks.xlsx

* These bank rankings are compiled from balance sheet information included on Bankersalmanac.com available at 18th August 2011.

The information available at this date is used to compile the full world and country rankings.

Five of the top 50 world banks in 2011 were US, 4 were French, 5 were German, 5 were in the UK, 6 were Chinese, 4 were Japanese, 2 were Dutch, 4 were Australian, 2 were Spanish, one was Brazilian, one Danish, and one Swedish.

http://www.gfmag.com/tools/best-banks/11382-worlds-50-biggest-banks-2011.html#axzz1ekC3kLJd

Source: Fitch Ratings except

* Moody�s Investors Service

** Norinchukin Bank

http://www.wuta.com/mc/b_list.html

http://blogs.wsj.com/deals/2011/10/31/mf-global-likely-among-the-10-biggest-bankruptcies-ever/

By Shira Ovide

MF Global, the brokerage run by former Goldman Sachs chief Jon Corzine, today filed for bankruptcy protection, becoming one of the highest-profile U.S. victims of bad bets on European government debt.

With the Chapter 11 filing, MF Global also is likely to be added to the ignominious list of the 10 largest bankruptcies in U.S. corporate history. Here is that list, according to research firm BankruptcyData.com, and based on the value of each company’s assets before its bankruptcy filing.

Based on MF Global’s disclosed assets in its bankruptcy filing, it is likely to slot in just ahead of Chrysler as the eighth-largest U.S. bankruptcy.

1) Lehman Brothers Holdings, September 2008: $691 billion in assets

2) Washington Mutual, September 2008: $327.9 billion

3) WorldCom, July 2002: $103.9 billion

4) General Motors, June 2009: $91 billion

5) CIT Group, November 2009: $80.4 billion

6) Enron, 2001: $65.5 billion

7) Conseco, 2002: $61.4 billion

MF Global: $41 billion (as of Sept. 30)

8) Chrysler April, 2009: $39.3 billion

9) Thornburg Mortgage May, 2009: $36.5 billion

10) Pacific Gas & Electric Co., 2001: $36.15 billion

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