Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

N. Korea sells gold in sign of imminent economic collapse: source
Yonhap ^ | Dec 11, 2013

Posted on 12/10/2013 7:31:59 PM PST by rdl6989

SEOUL, Dec. 11 (Yonhap) -- North Korea has begun to sell large amounts of gold to China in a bid to tide over its economic crisis, multiple sources familiar with North Korea affairs said Wednesday.


TOPICS: Foreign Affairs; Front Page News
KEYWORDS: gold; kimjongun; korea; northkorea
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-87 next last
To: rdl6989

A report from three months ago says the collapse of NK is not a matter of ‘if’ but ‘when’.

http://www.globalpost.com/dispatch/news/regions/asia-pacific/north-korea/130920/north-korea-collapse-inevitable-rand-report


21 posted on 12/10/2013 7:49:19 PM PST by JPG (Yes We Can morphs into Make It Hurt.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jack Hydrazine

http://www.nkdaily.com

is another good one


22 posted on 12/10/2013 7:50:00 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
[ Post Reply | Private Reply | To 19 | View Replies]

To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Thanks rdl6989.


23 posted on 12/10/2013 7:50:07 PM PST by SunkenCiv (http://www.freerepublic.com/~mestamachine/)
[ Post Reply | Private Reply | View Replies]

To: GeronL

I have read that Iran is also a big counterfeiter of U.S. $100 bills. They are so good that they cannot be detected except possibly by serial numbers.

We owe Iran big time for many, many reasons. It is one of the few countries I would be happy to see nuked.


24 posted on 12/10/2013 7:54:09 PM PST by yarddog (Romans 8: verses 38 and 39. "For I am persuaded".)
[ Post Reply | Private Reply | To 20 | View Replies]

To: rdl6989

If North Korea had an economic collapse... how would we know?

Do we have a satellite for that?

Seriously... how would we ever know that the world’s lowest-ranking closed “economy” “collapsed”?


25 posted on 12/10/2013 7:54:12 PM PST by Nervous Tick (Without GOD, men get what they deserve.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: doc1019

“The only thing that has kept them afloat is their constant threat of nuclear warfare. “

how can that be? bill Clinton and madeline notalright got them to agree to no nukes in exchange for wheat.
you don’t suppose bill failed, do you.


26 posted on 12/10/2013 7:54:41 PM PST by willywill
[ Post Reply | Private Reply | To 17 | View Replies]

To: yarddog

true.


27 posted on 12/10/2013 7:55:02 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
[ Post Reply | Private Reply | To 24 | View Replies]

To: Nervous Tick

They have been in famine for a couple years now. They are always in a state of economic collapse.

Something very bad must have happened for this alarm to go out.


28 posted on 12/10/2013 7:55:57 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
[ Post Reply | Private Reply | To 25 | View Replies]

To: ClearCase_guy

With at least two countries doing this, either China is going to own the world by next summer or will be in as bad shape as everyone else.


29 posted on 12/10/2013 7:56:47 PM PST by bgill
[ Post Reply | Private Reply | To 2 | View Replies]

To: yarddog

>> It is one of the few countries I would be happy to see nuked.

heh... curiously, most of the few nations I would be happy to see nuked are Iran and its near neighbors.

There’s just something about that part of the world (cough: Muhammed) that makes it unattractive “with extreme prejudice”.


30 posted on 12/10/2013 7:57:12 PM PST by Nervous Tick (Without GOD, men get what they deserve.)
[ Post Reply | Private Reply | To 24 | View Replies]

To: willywill

I remember being shocked to learn during the Clinton years that North Korea was the largest recipient of American foreign aid.

I would bet against long odds that it did nothing to slow their nuclear program but instead helped it.


31 posted on 12/10/2013 7:58:34 PM PST by yarddog (Romans 8: verses 38 and 39. "For I am persuaded".)
[ Post Reply | Private Reply | To 26 | View Replies]

To: GeronL

I feel sorry for the citizens of North Korea. There but for the grace of GOD...

But I would love to see Kim and his henchmen terminated. And if they rot in hell afterwards, well...


32 posted on 12/10/2013 8:00:05 PM PST by Nervous Tick (Without GOD, men get what they deserve.)
[ Post Reply | Private Reply | To 28 | View Replies]

To: willywill

It wasn’t just wheat, the US-South Korea-Japan provided North Korea with 2 lightwater reactors in exchange for their agreement. But as a Nork General said “That’s your agreement, not ours”


33 posted on 12/10/2013 8:05:41 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
[ Post Reply | Private Reply | To 26 | View Replies]

To: Nervous Tick

me too


34 posted on 12/10/2013 8:06:34 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
[ Post Reply | Private Reply | To 32 | View Replies]

To: rdl6989

It sounds like the uncle was preparing a coup, and the written reason for his firing nearly came out and said that (i.e factionalism).

There is no specific reason North Korea needs to sell off their gold reserves because they mine a fair amount. This story has been in the wind for several months.


35 posted on 12/10/2013 8:09:22 PM PST by sunrise_sunset
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nervous Tick

“how would we ever know that the world’s lowest-ranking closed “economy” “collapsed”?”

Cognac sales would be down 400%


36 posted on 12/10/2013 8:10:17 PM PST by RS_Rider (I hate Illinois Nazis)
[ Post Reply | Private Reply | To 25 | View Replies]

To: ClearCase_guy
As of 2012, the US led the world with 9133 tons of physical gold. Second was Germany with 3391 tons. China was down the list with 1054 tons. No. Korea didn't make the list.
37 posted on 12/10/2013 8:12:55 PM PST by hinckley buzzard
[ Post Reply | Private Reply | To 2 | View Replies]

To: yarddog
Maybe Lady GaGa can do a show wearing her meat dress.

Better be careful...he already ate a bunch of Giant Rabbits...

Kim Jong Il: Top 10 weird facts about N Korea's late leader ...

www.globalpost.com › In-depth series: North Korea, what's next?‎

Dec 19, 2011 - To get things going, he sent a batch of 12 giant rabbits to North Korea, but was shocked to hear they were eaten at Kim's birthday banquet that ...

38 posted on 12/10/2013 8:13:01 PM PST by spokeshave (OMG.......Schadenfreude overload is not covered under Obamacare :-()
[ Post Reply | Private Reply | To 15 | View Replies]

To: sunrise_sunset

I wonder if there is a market for artillery and shells? I have heard that they have one of the world’s largest supply.

Probably few countries would want it tho.


39 posted on 12/10/2013 8:14:51 PM PST by yarddog (Romans 8: verses 38 and 39. "For I am persuaded".)
[ Post Reply | Private Reply | To 35 | View Replies]

To: sunrise_sunset; TigerLikesRooster

http://renewal.dailynk.com/english/read.php?num=11250&cataId=nk01500

Citizens uneasy at news of purge


40 posted on 12/10/2013 8:17:54 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
[ Post Reply | Private Reply | To 35 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-87 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson