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N Korean Shot Over ‘Currency Reform’

From a mixed emotioned Associated Press:

Report: North Korean executed over currency reform

March 18, 2010

SEOUL, South Korea – North Korea executed a former senior official last week as punishment for the country’s botched currency reform, a news report said Thursday.

In November, North Korea redenominated its currency as part of efforts to lower inflation and reassert control over the country’s nascent market economy. However, the measure reportedly worsened the country’s food situation by forcing the closure of markets and sparked anger among many North Koreans left with piles of worthless bills.

Oddly enough, Hugo Chavez did the same thing back in January.

Pak Nam Gi, the ruling Workers’ Party finance and planning department chief who spearheaded the currency reform, was executed by a firing squad in Pyongyang last week, South Korea’s Yonhap news agency reported, citing unidentified sources.

Pak was accused of ruining the nation’s economy in a blunder that also damaged public opinion and had a negative impact on leader Kim Jong Il’s plan to hand power over to his youngest son, Yonhap said

In other words, Mr. Pak was shot to save face for Kim Jong Il.

Why are we adopting all of the bad practices of third world tinhorn dictatorships, and none of their good ones?

This article was posted by Steve on Thursday, March 18th, 2010. Comments are currently closed.

10 Responses to “N Korean Shot Over ‘Currency Reform’”

  1. Mithrandir says:

    Even in 2010, people still do blood sacrifices to the gods. If only we could evolve more quickly from capitalism, to socialism, to communism, we could be just like them, then de-evolve back to the 15th century. . .

  2. Reality Bytes says:

    Shh! I’m imagining Timothy Geithner with a blindfold & a cigarette.

  3. jobeth says:

    CIV…right…and it pollutes the air. Can’t have the firing squad exposed to poor air. I don’t believe they have workers comp there

    RB…At the rate O’balmy is “improving” America by all these commie ideas…I could see Geithner getting a bit nervous. lol

    • Liberals Demise says:

      Oh give him the fag, jobeth.
      Just light it up with a flame thrower!
      (we can’t afford the ammo………needed elsewhere)

  4. Petronius says:

    Shades of Robespierre and Marat. The Revolution devours its own. You’ve got to love it.

    Massive deficit spending has burdened, and will increasingly continue to burden, America with so much debt that inflation and depreciation of the dollar will eventually be the only way out.

    Perhaps we shall redenominate our currency from dollars to Obamas?

    500,000,000 Obamas to buy a pre-owned GM Obamamobile?

    What then, America? Will firing squads become the order of the day for our Liberal masters? Or are there other, happier alternatives? One can only hope.

    Can anyone say “Life of Brian”?

    Some things in life are bad
    They can really make you mad
    Other things just make you swear and curse.
    When you’re chewing on life’s gristle
    Don’t grumble, give a whistle
    And this’ll help things turn out for the best . . .

    And . . . always look on the bright side of life . . .
    Always look on the light side of life . . .

    Eric Idle, “Always Look on the Bright Side of Life” (from Monty Python)

    Ceterum censeo hostem esse delendum.

  5. Right of the People says:

    Maybe if we’re lucky we’ll only get sent to the re-education camps.

  6. canary says:

    and to think maybe Mr. Pak didn’t plan on a failing. Obama is a knowing host of an Enron party.

  7. TwilightZoned says:

    If this is how we get rid of the fed, I vote yes!

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