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.:)
To: TigerLikesRooster; AmericanInTokyo; OahuBreeze; yonif; risk; Steel Wolf; nuconvert; MizSterious; ...
To: TigerLikesRooster
Ronery North Korean currency?
3 posted on
07/31/2006 8:09:21 AM PDT by
fishtank
To: TigerLikesRooster
Another testimony to how well communism works...in a way, a perverse compliment to the USA... :-)
4 posted on
07/31/2006 8:09:40 AM PDT by
EagleUSA
To: TigerLikesRooster
If I am not mistaken, counterfiting the currency of another country is an act of war.
5 posted on
07/31/2006 8:11:58 AM PDT by
bk1000
(A clear conscience is a sure sign of a poor memory)
To: TigerLikesRooster
"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?
6 posted on
07/31/2006 8:12:06 AM PDT by
mvpel
(Michael Pelletier)
To: TigerLikesRooster
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.
To: TigerLikesRooster
Can't sugarcoat this, it's an act of war.
10 posted on
07/31/2006 8:22:47 AM PDT by
denydenydeny
("Osama... made the mistake of confusing media conventional wisdom with reality" (Mark Steyn))
To: TigerLikesRooster
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)?
12 posted on
07/31/2006 8:23:15 AM PDT by
Still Thinking
(Quis custodiet ipsos custodes?)
To: TigerLikesRooster
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! :)
To: TigerLikesRooster
Wonder if there's any connection to this?
http://www.freerepublic.com/focus/f-news/1672451/posts
16 posted on
07/31/2006 8:42:15 AM PDT by
quack
To: TigerLikesRooster
Fake bankrupt philosophy, fake country, fake leader, fake money.
The glory and reality of communism.
21 posted on
07/31/2006 9:05:39 AM PDT by
garyhope
(It's World War IV, right here, right now courtesy of Islam.)
To: TigerLikesRooster
23 posted on
07/31/2006 9:12:21 AM PDT by
aculeus
To: TigerLikesRooster
To: TigerLikesRooster
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.
To: TigerLikesRooster
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.
27 posted on
07/31/2006 11:44:53 AM PDT by
Thud
To: TigerLikesRooster
very interesting post.
Thanks for your translation.
29 posted on
07/31/2006 2:39:37 PM PDT by
gaijin
To: TigerLikesRooster
Correction:
the value N. Korean currency --> the value of N. Korean currency
To: TigerLikesRooster
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)
33 posted on
07/31/2006 7:07:06 PM PDT by
toros
To: TigerLikesRooster
Why don't we just outsource the printing of our currency to North Korea. We might save some money that way. Heh, heh!
34 posted on
07/31/2006 7:08:12 PM PDT by
Panzerlied
("We shall never surrender!")
To: TigerLikesRooster
>>>>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.
36 posted on
08/01/2006 4:41:20 AM PDT by
.cnI redruM
(The Right must repudiate Durka-Durka Buchanan Jihad.)
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