Showing posts with label North Korea. Show all posts
Showing posts with label North Korea. Show all posts

Wednesday, September 26, 2012

China Buys North Korea Gold Reserves as South Korea Increased Gold Reserves By 30% (16 Tonnes); Paraguay Buys First Time

How much do you want to bet China is buying gold from North Korea with US Dollars?  It solves two problems: dumping the Dollar, and accumulating gold--which is essentially the anti-Dollar currency.

http://www.businessinsider.com/china-buys-north-korea-gold-reserves-as-south-korea-increased-gold-reserves-by-30-16-tonnes-paraguay-buys-first-time-2012-9

Tuesday, November 23, 2010

North Korea attacks South Korea

http://www.zerohedge.com/article/north-korea-attacks-south-korea-yellow-sea-island-south-korea-highest-non-wartime-alert-resp

Uuuummmm, let's see, now the US has to park sitting-duck aircraft carriers next to Korea as well as in the Strait of Hormuz to protect oil shipping lanes in the Middle East (and against that great scourge of Iran).

Anybody see a problem with this?  We don't have the money to fight two wars in Iraq and Afghanistan (never mind Iran), and now the US will be stretched even thinner.  I'm referring to our military forces and the US taxpayer.

The solution?  Print more dollars.  Only this time, no one will protest, because well, we're so patriotic.

All markets crashed today:  especially stocks, Euro bonds, commodities, energy.  All except for gold and silver, despite a surging USDollar as investors rushed into "safe" havens.

Happy Thanksgiving everybody.

Wednesday, December 9, 2009

Currency revaluation in North Korea

In North Korea's case, a currency revaluation means a complete currency collapse. Iceland learned this last year, and many more countries could in the near future.

http://www.timesonline.co.uk/tol/news/world/asia/article6940482.ece


This is what happens when a financial system and the masses rely on a decrepit paper currency.