Not only does North Korea continue to flaunt its testing of nuclear explosives and ballistic missiles, but it has abrogated the 1953 armistice that ended the Korean war.
The situation in North Korea, with what appears to be a madman brandishing nuclear bombs, will require more knowledge and wisdom than even President Obama's most ardent supporters can claim for him. Hence the prayers; feel free to join me.Since its nuclear test Monday, North Korea has issued a stream of harsh rhetoric, even declaring that the armistice that ended fighting in the Korean War is null and void.
I'm guessing NK's just out of food again and needs to go begging.
Question: If Bush's stated reasons for war in iraq were genuine, why wouldn't he have put NK at the top of the list? They were closer to threatening us with nukes than saddam and I believe they also counterfeit US currency which IMO is an act of war.
Answer: Oil.
I'm a lot more worried about China's counterfeiting than North Korea's.
Why? China doesn't counterfeit. They work very hard to give us electronics and other consumer goods in exchange for dollars. No, the main principals printing dollars out of thin air are NK and the Fed.
Check again. China counterfeits a lot, one reason being that they are not breaking their own laws. They even use our own mint's castoff equipment, so they do it very well. To say nothing of the movies, watches, and other trade goods they counterfeit.
I hope this link to an important article on Chinese counterfeiting works. You may need to provide an email address in order to access it.
http://www.coinworld.com/articles/chinesecounterfeit/part1.aspx
Does that article even allege that the chinese government counterfeits anything? Also is this article merely saying that this guy takes gold or silver and presses it into coins that are identical to US coins? If so, I barely even consider that counterfeiting. I'm sure we have random people doing the same thing here too. The NK government actually prints C-notes
Unfortunately, the article, which was once available to everyone, as I wrote in (Not) Made in China, has apparently been removed from easy access. So in case you can't get through, here are some relevant excerpts:
Like most legitimate businessmen, Jinghuashei operates within the laws of his country, and has earned official certification for his small production facility, which employs up to 30 people. The products he sells are properly licensed, where appropriate, and absolutely, 100 percent legal to produce and sell in China. The only fault that most Americans might find with Jinghuashei’s business model is that he is in the business of producing counterfeit coins....Jinghuashei is forthcoming about his business practices. He is certain that he is operating legally in China, which requires that the coins he makes are dated 1949 or earlier. As long as he sticks to this one important regulation and maintains his business certification (license), he says he has nothing to fear from the authorities in China.
[T]he Shanghai Mint was intentionally designed to be a replica of the U.S. Mint at Philadelphia as it looked in the early 1900s....[T]he Chinese made a faithful copy of the facade of the Philadelphia Mint as a tribute to the U.S. Mint, which sold Shanghai a great deal of obsolete minting equipment back in the 1920s. Although Jinghuashei says he does not know if his particular minting equipment might have come from some of this same stock, other sources knowledgeable about Chinese counterfeiting say that the Shanghai Mint began selling off all of the U.S. Mint equipment as scrap starting in the mid-1950s.
