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N.Korea Tells Factory Workers to Fend for Themselves
Constant Contact ^

Posted on 03/26/2019 8:42:49 PM PDT by ameribbean expat

A raft of suicides have been reported among the moneylenders of Pyongyang's glitzy Ryomyong Street, an avenue of high-rise apartments that was a pet project of North Korean leader Kim Jong-un, amid a new war on corruption.

The latest incidents paint a picture of grim times not only in remote regions but right in the capital as the elite start to feel the pinch. The exhortations came after North Korean leader Kim Jong-un's summit with U.S. President Donald Trump in Hanoi collapsed last month. Kim had been hoping to win an easing of sanctions without offering any substantial steps toward denuclearization in return.

The command economy in North Korea has long collapsed, but the regime has been propped up by a newly rich class of merchants and traders dealing mostly with China as well as the moneylenders who support them.

(Excerpt) Read more at myemail.constantcontact.com ...


TOPICS: Business/Economy; Politics
KEYWORDS: northkorea
Batten down the hatches in East Asia.
1 posted on 03/26/2019 8:42:49 PM PDT by ameribbean expat
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To: ameribbean expat

NK is sitting on over $10 trillion dollars worth of rare and precious metals.


2 posted on 03/26/2019 8:48:08 PM PDT by Extremely Extreme Extremist (Trust the plan of the 17th letter of the English alphabet!!)
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To: Extremely Extreme Extremist

“NK is sitting on over $10 trillion dollars worth of rare and precious metals.”

Is that the same ones we were supposed to be excited about in Afghanistan?


3 posted on 03/26/2019 9:13:35 PM PDT by JParris
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To: ameribbean expat

I agree that he was told Trump was going down soon and Pence would be a pushover.

Oops.


4 posted on 03/26/2019 9:24:10 PM PDT by dp0622 (The Left should know if.. Trump is kicked out of office, it is WAR)
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To: dp0622

Yup! Life is a bitch sometimes aint it?


5 posted on 03/26/2019 9:26:46 PM PDT by crz
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To: Extremely Extreme Extremist

The Norks will have a difficult time trying to sell it.


6 posted on 03/26/2019 9:45:58 PM PDT by cornfedcowboy
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To: Extremely Extreme Extremist

“NK is sitting on over $10 trillion dollars worth of rare and precious metals.”

And it’s all available to you if you will simply wire $5,000. to this guy in Africa.


7 posted on 03/26/2019 9:48:00 PM PDT by vette6387 (Fire Mueller)
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To: vette6387

Did you get the email from Nigeria too?

I got a few of those. I’m heir to a $10 million fortune, as a distant relative with no children died. All I have to do is send some nominal fees, plus give my bank account info, and they will wire me the money.


8 posted on 03/26/2019 9:51:03 PM PDT by Dilbert San Diego
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To: Extremely Extreme Extremist

I met a guy a few weeks ago, a big-wig in charge of exploration with a mining firm. Really interesting, retired now.

He was in Russia shortly after it fell and bidding on areas to explore (and then later to hopefully mine). In all he had made 37 trips, and made numerous multi-million (like $150 million) dollar deals. We spoke at length about business opportunities in Russia.

I mentioned the mob, and he said they didn’t have the resources for mining and oil exploration. “Now Real Estate!? I knew an American that was trying to make it big in Real Estate. Everyone kept warning him - but he wanted to go back home rich. Well, he went back home - but in a box.”

I mentioned “Yeah - it would be nice if/when North Korea falls and we can help their people get at their mineral wealth so they can build a decent country.”

He looked at me and scoffed. “North Korea’s a Dictorship! Like Cuba! It’ll never happen!”

I didn’t get into it with him. But I live in a very liberal area, where even top mining exploration guys can be liberals - so he may have been scoffing at Trump’s attempts at dealing with the Norks.

But - what did he think Russia was before it fell?

And Cuba? Heck - they are already opening up to our tourists (which I’m against). But - perhaps that influence will help to moderate Cuba, and they might open it up to western influences to help them build some decent tourist hotels, etc.

Anyway - I think it is really short-sighted not to consider their mineral wealth and ways that it can be beneficial to all of us.

Although I imagine China and Russia would like to keep us out of the region, and the rare-earth minerals that they have a monopoly on.


9 posted on 03/26/2019 10:06:31 PM PDT by 21twelve (!)
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To: 21twelve

Interesting. Prayers unlock all difficult problem. NK has serious issues. President Trump makes it look easy to deal with NK.


10 posted on 03/26/2019 10:31:21 PM PDT by Falconspeed
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To: JParris

Next I suppose we’ll hear that Halliburton and Jared Kushner have plans for a pipeline...


11 posted on 03/26/2019 10:56:59 PM PDT by silverleaf (A man who kneels for the national anthem doesn't stand for much of anything)
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To: JParris
"NK ... $10 trillion... rare & precious metals... Is that the same ones we were supposed to be excited about in Afghanistan?"

Yes. Slight changes in the earth's magnetic field, that often happen when a sunspot storm coincides with a blood wolf supermoon, can shift those types of mineral deposits up to halfway across the globe.

12 posted on 03/27/2019 12:05:28 AM PDT by CardCarryingMember.VastRightWC ("Blessed are the young, for they shall inherit the national debt" - Pr. Herbert Hoover)
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To: Dilbert San Diego

“Did you get the email from Nigeria too?”

Yes, with a backup from a Shaman in Barbados! Funny isn’t it how there’s so much “free money floating around unaccounted for” in the areas of the world that are known $hit holes! And those places all have a common skin pigmentation.


13 posted on 03/27/2019 8:27:22 AM PDT by vette6387 (Fire Mueller)
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To: Extremely Extreme Extremist

‘NK is sitting on over $10 trillion dollars worth of rare and precious metals”

Umm, yeah.. that’s the ticket.


14 posted on 03/27/2019 7:28:04 PM PDT by DAC21
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