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.
We’re pretty much doing the same thing.
Yes, thanks for posting this.
Gold or METH amphetamine ? NOKOs know what’s best.
Only the Blue Meth will do. Time bring out Heisenburg,
How could a communist workers’ and peasants’ paradise have an economic crisis?
They have been in economic straits for years
Bump.
They should have sold about 2 years ago.
How do you sell gold?
Wouldn’t gold be more valuable to a country than whatever they exchanged it for?
How does a pile of rubble collapse?
When you are starving, food becomes more valuable than gold.
Why? Is that where Rodman gets his bling ?
Can’ eat gold.
I would guess there is always enough food for the leaders.
“They have been in economic straits for years”
Maybe since the Fed has now cornered the market on counterfeiting the USD, it has hit the norks where it hurts.
This country has been living under economic collapse for years. The only thing that has kept them afloat is their constant threat of nuclear warfare. This threat has been their way of getting the west to give them the sustenance to stay alive until the next winter winds begin to blow and their next nuclear threat.
NK is the biggest foreign counterfeiter I think
North Korea collapse inevitable, new report says
20SEP2013
http://www.globalpost.com/dispatch/news/regions/asia-pacific/north-korea/130920/north-korea-collapse-inevitable-rand-report
Did little Kim eat all the food again?
North Korea Economy Watch
http://www.nkeconwatch.com/
THE NORTH KOREAN ECONOMY: COLLAPSE, STASIS OR
REFORM?
http://www.brookings.edu/~/media/research/files/papers/1997/7/globaleconomics%20smith/bdp133.pdf
(Yes, I know this is the Leftist thinktank Brookings Institution but they might offer some valid insights.)
The Persistence of North Korea
http://www.hoover.org/publications/policy-review/article/6592
They use to fly in plane loads of Big Macs from China for the top leaders
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