Illustration on Multiplier Effect of Original Fund of The Central Bank and it's Absorption by The Government

Here, let me illustrate the pragmatic picture of Logic of New Monetary and Tax Policy published on Tuesday, August 14, 2007 on this blog.
As you can see, the Government is substituting the loans for tax claims, the contents of which composed bubble. In other words, the Central Bank and the government succeeded in extracting the cause of bubble form the economy.
When the Government assign the tax claims to the Central bank, the Central Bank hold the claims toward the economic unit.
It's up to the Government or the Central Bank, how they dispose of the claims, considering the situation of economy and of the economic unit.
Talking about the latter, the government should examine the possibility of the economic unit's turnaround, together with the other creditors, remaining desirable debt to the economic unit(empirically it's ten to fifteen times annual earnings before interest, taxes, depreciation and amortization, known as EBITDA, of the economic unit), writing off the rest debt, taking into account the value of disposable collateral(that do not accrue earning) and of guarantor.

(Please note that
･amount is book value
･amount in parentheses is on current value accounting of above book value)



(And please neglect the odd two lines at the most right side and on the bottom, in the illustration.)