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China freezes N. Korean Assets

 
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Author China freezes N. Korean Assets
rffrydr
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PostPosted: Wed Jul 26, 2006 8:08 am    Post subject: China freezes N. Korean Assets Reply with quote
Remarkable. I guess they were couterfeiting one too many Yuan:

http://www.ft.com/cms/s/f892ff32-1c0d-11db-a555-0000779e2340.html
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Author China freezes N. Korean Assets Replies
henry dribble
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Joined: 16 Oct 2005
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Location: seattle
PostPosted: Wed Jul 26, 2006 12:41 pm    Post subject: doing what comes naturally Reply with quote
hell, they just got a little carried away.
all central banks print money, some print money then peg
its value to others like the Yuan to the USD.
the North Koreans just bypassed that silly mechanism and just started printing other people's money.
I think we should come up with a new form of the board game monopoly,
call it "Central Banking".
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