[TigerLikesRooster]

Counterfeit dollar bills, printed for use overseas, have now pushed out N. Korea's official currency and taken its place. This would be the first time in history, as far as I know, that fake foreign currency produced in a country turned into its defacto currency.

Imagine Soviet Union printed massive amount of 100-dollar bills and Soviet citizens use them as their defacto currency, ignoring Rubles. N. Korea is trailblazing for sure.:)

[TigerLikesRooster]

Ping!

[fishtank]

Ronery North Korean currency?

[EagleUSA]

Another testimony to how well communism works...in a way, a perverse compliment to the USA... :-)

[bk1000]

If I am not mistaken, counterfiting the currency of another country is an act of war.

[mvpel]

"Real" US notes are backed "by the full faith and credit of the United States," or in other words, what they can tax out of us and our grandchildren.

The North Korean notes are backed by even less.

So, what's the real difference for North Koreans, anyway?

[Gay State Conservative]

I saw a documentary on counterfeiting that said that there are fake $100 bills that are so realistic that they had to be made on very expensive printing presses from,I think it was,Switzerland.It went on to say that the whole process was sophisticated enough that it had to be done by a country and they mentioned NK specifically.

[denydenydeny]

Can't sugarcoat this, it's an act of war.

[Still Thinking]

Where do the bills come from and how is the supply controlled? US currency of the generation pictured isn't child's play to counterfeit, so it has to be the government or some sophisticated entity doing it, and what are they getting in exchange?

If it's the government doing it, then how is this not just official NK currency that just happens to look like US (except for the opportunity to take it outside NK and use it as US)?

[John Carey]

In the old Soviet Union there would be a sign in every store reading "RUBLES ONLY!" But if you offered US greebacks you;d get a big discount! :)

[quack]

Wonder if there's any connection to this?

http://www.freerepublic.com/focus/f-news/1672451/posts

[garyhope]

Fake bankrupt philosophy, fake country, fake leader, fake money.

The glory and reality of communism.

[aculeus]

Gresham lives!

[reagan_fanatic]

[Nathan Zachary]

Maybe it's time North Koreans were introduced to monopoly money. They can also set up monopoly atms and use the British monopoly debt card.

[Thud]

I'll donate the money from my Monopoly game to help the starving North Koreans. We usually ate popcorn while playing so our Monopoly money might at least smell of butter.

[gaijin]

very interesting post.

Thanks for your translation.

[TigerLikesRooster]

Correction:

the value N. Korean currency --> the value of N. Korean currency

[toros]

He continues, "Merchants do not accept N. Korean currency, because they do not trust it. If price rises a few dozen fold overnight as in 2002, they would lose most of what they earn. If you have dollars, you can do anything, but the real dollar is scarce. That is why they use the fake dollars."

Boggle boggle (my mind talking to me)

[Panzerlied]

Why don't we just outsource the printing of our currency to North Korea. We might save some money that way. Heh, heh!

[.cnI redruM]

>>>>that fake foreign currency produced in a country turned into its defacto currency


Too funny! That would be like the Quickstop gas station in Leesburg only taking Confederate script.