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NK Wants To Pay $10M Debt With Ginseng

From an approving Associated Press:

NKorea wants to use ginseng to pay Czech debt

Czech finance ministry: North Korea offers ginseng to pay back its $10 million debt

On Thursday August 12, 2010

PRAGUE (AP) — North Korea has offered a unique way to repay nearly $10 million in Cold War-era debt — with ginseng, according to Czech officials.

The Czech Finance Ministry said it has been negotiating ways for the impoverished Asian nation to pay back $9.8 million from the late 1980s, when Czechoslovakia was part of the communist bloc.

Then, Czechoslovakia delivered to its North Korean ally trams, trucks and various machines.

North Korea proposed during talks in July that the Czechs forgive 95 percent of the debt, but Czech officials said that was unacceptable.

Can’t North Korea claim that they were tricked, even hoodwinked, into accepting these trucks and machines? That seems to work around here.

The Czechs then suggested the North Koreans pay in goods, and North Korea proposed sending medical products made of ginseng. The ginseng root is touted as a cure-all for everything from headaches to sexual dysfunction.

The ministry said it has not received an official offer yet…

We need to start paying back our debt to the Chinese this way. Perhaps we could send them some of our surfeit of lawyers.

They seem to be the “cure all” in our country.

This article was posted by Steve on Thursday, August 12th, 2010. Comments are currently closed.

4 Responses to “NK Wants To Pay $10M Debt With Ginseng”

  1. NoNeoCommies says:

    Test that Ginseng for melanin

  2. proreason says:

    “We need to start paying back our debt to the Chinese this way.”

    Yes. We could send them pixie dust as well as lawyers.

    We have megatons of pixie dust.

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