World Banks

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World Banks

Japan Displaces US as World's Top Banker

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 2 times greater.
	Mizuho Holdings in Tokyo becomes world's largest bank with $1.3 trillion in assets in 2001.
	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.

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

Top 20 world banks in 2001

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