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The story goes on to say that Kim Il Sung prohibited the sale of any of the nation's gold. Unfortunately, there isn't much in this link without a subscription. It is still very interesting.
1 posted on 12/10/2013 7:31:59 PM PST by rdl6989
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To: rdl6989

We’re pretty much doing the same thing.


2 posted on 12/10/2013 7:35:24 PM PST by ClearCase_guy
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To: rdl6989

Yes, thanks for posting this.


3 posted on 12/10/2013 7:37:19 PM PST by Cicero (Marcus Tullius)
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To: rdl6989

Gold or METH amphetamine ? NOKOs know what’s best.


4 posted on 12/10/2013 7:37:26 PM PST by Broker (Never submit!)
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To: rdl6989

How could a communist workers’ and peasants’ paradise have an economic crisis?


6 posted on 12/10/2013 7:38:54 PM PST by Standing Wolf (No tyrant should ever be allowed to die of natural causes.)
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To: rdl6989

They have been in economic straits for years


7 posted on 12/10/2013 7:40:08 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: rdl6989

Bump.

They should have sold about 2 years ago.


8 posted on 12/10/2013 7:40:24 PM PST by Jet Jaguar
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To: rdl6989

How do you sell gold?

Wouldn’t gold be more valuable to a country than whatever they exchanged it for?


9 posted on 12/10/2013 7:40:51 PM PST by yarddog (Romans 8: verses 38 and 39. "For I am persuaded".)
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To: rdl6989

http://www.youtube.com/watch?v=uwEVUWfSsmw

NK TV news report on removal of Uncle Jang


10 posted on 12/10/2013 7:41:47 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: rdl6989

How does a pile of rubble collapse?


11 posted on 12/10/2013 7:41:59 PM PST by Viennacon
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To: rdl6989
The story goes on to say that Kim Il Sung prohibited the sale of any of the nation's gold.

Why? Is that where Rodman gets his bling ?

13 posted on 12/10/2013 7:43:02 PM PST by UCANSEE2 (I forgot what my tagline was supposed to say)
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To: rdl6989

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.


17 posted on 12/10/2013 7:44:56 PM PST by doc1019 (Inside every older person is a younger person wondering what happened!)
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To: rdl6989

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


19 posted on 12/10/2013 7:46:23 PM PST by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; me = independent conservative)
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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.)
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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.)
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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
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To: rdl6989

It’s North Korea. One doesn’t really know what it is a sign of. Perhaps it is a sign that North Korea is simply moving its gold to China in preparation for some action that could endanger it such as a real strike against the South or an oddball missile at Tokyo.


41 posted on 12/10/2013 8:22:37 PM PST by arthurus (Read Hazlitt's Economics In One Lesson ONLINEhttp://steshaw.org/economics-in-one-lesson/)
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To: rdl6989; a fool in paradise
Prolly fool's gold (nothing personal, bud!) North Korea has world class alchemists who can create gold out of dirt (according to my uncle's ex who's a high level NK escapee!)


45 posted on 12/10/2013 8:27:57 PM PST by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: rdl6989

Sometimes these outlaws go out guns blazing. Hope we are watching closely over there.


64 posted on 12/10/2013 9:34:16 PM PST by catfish1957 (Face it!!!! The government in DC is full of treasonous bastards)
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To: rdl6989

More likely: North Korea sells gold to make up for shortfall from (No. 2) Jang’s cancelled China networks.


72 posted on 12/10/2013 10:30:25 PM PST by Chad_the_Impaler
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To: rdl6989

I guess that means we will have another nuclear crisis here soon, resolved by tons of US taxpayer money paid to support on odious regime.


73 posted on 12/10/2013 10:31:16 PM PST by ModelBreaker
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