Modern Slavery Society Created by Bankers and How to Bring Prosperity to Earth

It is said that the comsuption tax will be raised to 30 percent.  It appears that the government desperately wants to postpone the U.S. economic meltdown by extorting as much money as possible from us, but I suppose they will not be able to make it.  As they say that social welfare spending should be shlashed, our life is likely to be getting harsher.  Well, I want the government to aggressively conduct malgovernment.  This is because as is to be expected, nobody will vote for the LDP in the next election.

The second article describes the future Japan that I predicted nearly two decades ago.  People with annual income of more than 10 million yen are actually in a huge debt to pay back housing loan.  If they can sell their houses at the same price as when they purchased them, they would be lucky.  However, in most cases, they will have difficulty sellin houses due to a significant drop in assset value and have a huge debt left.  In a situation like this, if consumption tax is raised and regular workers are also forced to work unpaid overtime, I am afraid that they will be practically fired upon rejecting it and many workers will die from overwork. 

Even those who remain full-time workers as winners will get paid less if overtime money is not paid.  Assuming that overtime money is paid as is, they wil have to work twice as hard as now.  In a word, from the viewpoint of the management, wokers would get paid less or workers have to work twice as hard as now if they want to get the same leve of payment.  It means that unless working hard, workers should not be highly paid.  The management shares the view that any replacement is avaialbe in developing countries.  As long as workers are bound on with a sort of chain called housing loan, it is hardly likely there will be way to have workers liberated from slavery in modern society, which is created by bankers.

Abour two decades ago, I said to my wife that this would happen.  We concentrated solely to childrearing in the harsh economic conditions, that is, with monthly income of less than 100,000 yen.  I often said to my wife: “We will not be able to experience such poverty again in the future.  Since it is very difficult to die of hunger in Japan, there is nothing to worry about even if we have no money.  If we put up with this situation for a while, we will manage to get out of it.  Since we give priority to childrearing, we will get through such poverty our own way, while around the same time very many Japanese will be forced to put themselves in such situation by social influence they never think of.  Since we have such an experience in advance, we will be able to send out a message of how to get through it.”

My prediction has almost come true now.  Since the current situtaion is much worse than the situation we were in, there is a possibility of death from hunger in Japan.  I have been sending various kinds of messages in this blog.  Given possible drastic changes on Earth, as I advise you, it is safer to live in the countryside.

With regard to the potential of rural areas, Satoyama capitalism is of some help.  However, if you go to the countryside to find a new opportunity simply because of escape from hard urban life, you will probaly fail.  People who can’t make a living in agriculture are concentrated in urban cities.  There is   a successful example in my neighborhood: a dairy farmer sells out directly to consumers many kinds of  milk products.  If you do business with urbane taste, you will be able to live an affuluent life.

However, keep in mind that you cannot be free from human relationsip-related problems in the countryside as in a city: you cannot always feel comfortable or happy even if your business gets on track.

I suppose more and more people will have doubts about the nature of capitalism in which most of wealth gained through hardwork of the public is taken away by shareholders, namely, about how stock companies are managed.  And then they will recognize for the first time that companies in the form of unions protect the interest of the public.  However, they should understand that to have such companies become reality, however, they need a bank or a Shinkin bank that lends money to such companies.  In other words, banks of sound judgment like Shonan Shinkin Bank are indispensable.  In this sense, we have no other choice but to drastically change baking system in order to bring prosperity to Earth.

Masatoshi Takeshita

May 4, 2014

Englsih transltion of a Japanese article: The Asahi Shimbun – April 28, 2014 –

Need to raise consumption tax to 30%   Trial calculation to“reduce national debt”

On 28, the Fiscal System Council, advisory panel to the Finance Ministry, has compiled a trial calculation of necessary increase in revunues and necessary decrease in expenditures to reduce the national debt.  They say that approximately 57 trillion yen of revenues, which accounts for 8.9 percent of the GDP, is required in the fiscal year 2021.  According to their trail calculation, if this amount of money is achieved through increasing revenues by comsumption tax increase alone, consumption tax has to be raised to nearly 30 percent.

The Counsil estimated the degree of how much balance between financial incomes and expenditures should be improved to reduce the outstanding debt, approximately 2.3 times as much as the GDP, to two times in the fiscal year 2060.  They say that even based on an optimistic viewpoint of nominal economic groth rate of 3 percent per year to continue, appropriate 57 trillion yen has to be improved in the fiscal year 2021.

In the Council meeting on 28, some members expressed an opinion that“The social welfare spending should be severely slashed.”

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English translation of a Japanese article: NEVADA Blog – May 4, 2014 –

“Poverty Tribe”in Japan and “Rat Tribe”in China

The poor in China are called“Rat Tribe.”  The reality of the people who pay around 10,000 yen a month of rent and live in the basement is often being reported.  How about in Japan?

The other day I went to a sauna facility in Shinjuku, where I was stunned by a sight.  The facility also runs a *capsule hotel.  The hotel limited the number of loegers because there were too many guests to be handled.

(Translator’s note) *A capsule hotel is a type of hotel developed in Japan that features a large number of extremely small “rooms”(capsules) intended to provide cheap, basic overnight accomodation for guests who do not require the service offered by more conventional hotels.  (Wikipedia)

It is also said that the number of people who stay in Internet cafes is increasing.  The number of Japanese“living”in capsule hotels, saunas, Internet cafes and apartments must be beyond imagination.

The reality of welfare-payment recipients is known because they had adresses and statistic on them are avaialbe.  The number is over 2.5 million and is about to be close to 3 million.

Nobody knows the entire number of those who cannot be included in the families receiving public assistance due to having no fixed adress. 

Assuming those with less than annual income of 2 million yen are the poor, it can be said that statisticaly 20 million people belong to the poor.

Less than 30 percenet of the total number of workers reportedly gain annual income of less than 2 million yen.  Assuming the total number of workers is 65 million, 30 percent of it amounts to be 20 million workers.

If more than 20 million workers with income barely make a living, 2.5 million workers receive welfare and between hundreds of thousands and millions of workers are the poor shown in statistics, it can safely be said that Japan is a society where more than 20 percent of the population cannot make a decent living.

This is because Japan has become a society where the country is burdened with the downright poor and cannot fiture out the correct number of them due to not establishing a safety net for them and as a result, cannot save them.

There were Japanese without fixed adress who lived from mouth to hand in the past, too.  However, the number of such people now is estimated to swell to a level of exceeding the population of government-ordinance-designated cities and the number is daily increasing.  And yet we simultaneously see such trend among older peple and younger people.

If parents are the poor, their children naturally beomce poor in most cases.  Furthermore, since children cannot depend on their parents after coming of age, they will become the poor and needy as soon as they lose a job or address.

Japan is in the midst of the Goden Week holidays.  Winners are enjoying holidays, while the poor who are paid on a daily basis lose a source of income and find it difficult to make a living as soon as the society suspends its activities.

Full-timers are paid salaries while taking off from work, while non-regular workers such as temporary workers and part-timers lose their income.

For example, if they take four days off, 32,000 yen (daily income of 8,000 x four days) evaporates.  This is equivalent to the rent of a cheap apartment house.

Humans cannot avoid eating even if they have no jobs.

The number of the poor in China is increasing at a furious pace, too.  However, the poor in Japan are occupied by the aged and the young.  It can be said that this is a more serious problem in Japan than in China.

Let’s take Sonny for example.  The annual income of Sonny employees is said to be around 10 million yen.  Given the current situation of staying in the red, it is no wonder if 100,000 of over 140,000 employees are fired.  The weekly mazagine Diamond runs a feature story that salaried workers with annual income of around 10 million yen are still suffering from miserable living conditions.  As soon as they lose jobs, many of them must go into bankruptcy.   

The group of people who gain annual income of 10 million yen without savings account for over 20 percent of all workers .  If they buy an exclusive condominium with income as well as with a loan, buy a luxurious car with a loan, spend a lot of money going on a trip abroad and at home and give excessive education to a child, if any, they are always short of money.

We will see such sacking cases not only in Sonny but also in other corporations in Japan, because they cannot compete against overseas corporations and because the money workers were paid are not commensurate with their ability.

Although Japanese workers take 10 million yen for granted, corporations would fire workers with annual income of 10 million yen and employ workers abroad who are paid between 3 and 5 millioin yen if they can be replaced with Japanese workers.

The“Rat Tribe”in China still have a fixed address.  The“Sauna/Capsule Hotel/Internet Cafe Tribe”don’t have even that.