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| China-Japan-Koreas |
| New NorK Currency Plummets Against Chinese Yuan |
| 2010-01-04 |
| North Korea's new currency introduced in late November has plummeted in value compared to the Chinese yuan, a local radio broadcaster claimed Sunday. The ORNK speculated that the reason for the new currency's weakness may be Pyongyang's decision to not allow foreign currency to circulate in the market. Seems like the NorKs are finding trouble everywhere they look. |
| Posted by:crosspatch |
| #5 That's absolutely brilliant, BigEd! |
| Posted by: trailing wife 2010-01-04 22:10 |
| #4 ION CORYE TOPIX > REPORT: NORTH KOREA TURNING IN CHINA'S INDUSTRIAL WASTE DUMP? * SAME > IS NORTH KOREA RETREATING FROM ITS "BIG & STRONG COUNTRY BY 2012" SLOGAN [10-year old DPRK anti-US-West national slogan, official since 1998]??? |
| Posted by: JosephMendiola 2010-01-04 21:21 |
| #3 |
| Posted by: BigEd 2010-01-04 17:17 |
| #2 For a minute there I thought the headline read "New York". |
| Posted by: Deacon Blues 2010-01-04 11:06 |
| #1 Isn't it funny when people who are ignorant of, yet despise capitalism, try to play at capitalist economics? I remember how, in the final years of the Soviet Union, they decided they had to create a bank in Switzerland, using a big chunk of their precious and depleted foreign currency reserves, so that a capitalist bank would make them a fortune. Because banks make fortunes, right? The Swiss raped them. Overnight, the bank was just emptied of money, and the bank president didn't even know how it was done, but every investment they made went belly up. Other banks stripped the meat from their bones, and used the bones as toothpicks. The bank president was recalled to Moscow, and never heard from again. |
| Posted by: Anonymoose 2010-01-04 07:50 |