smc All American 9221 Posts user info edit post |
...of North Korea. New cash is being printed, but there is a limit on how much old cash you can exchange. The move should eliminate in one swoop those that used the black market to become wealthy. http://www.timesonline.co.uk/tol/news/world/asia/article6940482.ece
American government seen carefully taking notes(ha, no pun intended).
It's worth noting that amounts of more than $10,000 cash are already effectively banned here. Banks are required to report it to the government and it's subject to seizure by law-enforcement during traffic stops.
[Edited on December 2, 2009 at 3:48 PM. Reason : .] 12/2/2009 3:36:29 PM |
Golovko All American 27023 Posts user info edit post |
I thought cash was already banned in America, isn't that why we have credit? /sarcasm 12/2/2009 3:50:39 PM |
smc All American 9221 Posts user info edit post |
government, btw 12/2/2009 3:59:07 PM |
joe_schmoe All American 18758 Posts user info edit post |
this thread is neither interesting nor important enough to allow the use of so many asterisks. 12/2/2009 5:52:34 PM |
Optimum All American 13716 Posts user info edit post |
sure it is, smc created it, surely it must be an important thread. 12/2/2009 5:54:13 PM |
HUR All American 17732 Posts user info edit post |
Quote : | "Banks are required to report it to the government and it's subject to seizure by law-enforcement during traffic stops." |
I've read news stories about individuals with cash amounts sub 10000 being seized by Gestapo rural sheriffs or highway patrol. Since obviously somebody carrying $5000 cash is a drug dealer.12/2/2009 6:09:50 PM |
Mr. Joshua Swimfanfan 43948 Posts user info edit post |
Tangentially related, but I've been fascinated with NK's widespread counterfeiting of $100 bills for a while now. It's crazy how massive their operation is.
http://www.vanityfair.com/politics/features/2009/09/office-39-200909?currentPage=all 12/2/2009 6:15:05 PM |
rallydurham Suspended 11317 Posts user info edit post |
$10,000? In reality it's MUCH less than that. 12/2/2009 8:02:54 PM |
theDuke866 All American 52814 Posts user info edit post |
^^^ really? I've rolled around with $5000 in cash on numerous occasions. 12/2/2009 8:05:03 PM |
TreeTwista10 minisoldr 148385 Posts user info edit post |
Quote : | "The move should eliminate in one swoop those that used the black market to become wealthy." |
I'll bet you 10,000 in new North Korean currency that the black market will continue to accept the previous currency12/2/2009 8:06:49 PM |
tromboner950 All American 9667 Posts user info edit post |
^Yeah, basically...
though it would be de-valued a bit. Kind of like having $50 in store credit isn't quite as good as having $50 in actual money.
They could name them Crimebux™ 12/2/2009 8:53:47 PM |
mambagrl Suspended 4724 Posts user info edit post |
why do we still have paper money? might as well do everything electronically so it can be taxed and kept track of. The drug industry would be a lot harder to operate.
V people down there V NOTHING GOOD WOULD BE LOST BY ELIMINATING CASH
[Edited on December 2, 2009 at 9:15 PM. Reason : except of course mint jobs]
[Edited on December 2, 2009 at 9:15 PM. Reason : b] 12/2/2009 8:56:36 PM |
aaronburro Sup, B 53020 Posts user info edit post |
for someone who hates Obama so much, and based on some of your rantings, you sure have done an about face 12/2/2009 8:59:10 PM |
CharlesHF All American 5543 Posts user info edit post |
Quote : | "why do we still have paper money? might as well do everything electronically so it can be taxed and kept track of. The drug industry would be a lot harder to operate." |
The stupid is strong with this one.12/2/2009 9:02:09 PM |
smc All American 9221 Posts user info edit post |
^^^ You should buy this book on amazon. http://www.amazon.com/Anarchist-Cookbook-C-066-William-Powell/dp/0962303208
Be sure to include your full name, address, telephone number and credit card information. Bonus points for posting a review that talks about "putting the power back in the hands of the people".
As a bonus with every purchase you get an extra frisking and evil eye every time you go to the airport from now on.
[Edited on December 2, 2009 at 9:13 PM. Reason : !] 12/2/2009 9:12:52 PM |
tromboner950 All American 9667 Posts user info edit post |
^Interesting comments from the author. I had no idea it was written fresh out of high school, or that he now wishes it out of circulation. Huh.
Almost makes me want to write a bunch of naive bullshit to appeal to a specific counter-culture... it could be worth millions. 12/2/2009 9:17:47 PM |
RedGuard All American 5596 Posts user info edit post |
Just to make a note that the largest black marketers tend to use USD and Chinese RMB and will therefore not be impacted. The main victims are the smaller folks who trade in local markets to help supplement their food rations and those who, God forbid, saved money so that they could buy food during the winter. I think in part the strict limits were set by the government to clamp down on the growing capitalist markets. 12/2/2009 9:55:10 PM |