China freezes out Pyongyang | The World | The Australian

Tuesday, July 25, 2006
China freezes out Pyongyang | The World | The Australian: "CHINA'S relationship with its former satellite North Korea is unravelling fast, underlined by reports yesterday that the People's Bank of China has frozen all North Korea's accounts.

South Korean parliamentarian Park Jin said he had learned on a visit to Washington that through its action the Chinese central bank had responded to persistent North Korean counterfeiting of its currency, the yuan."

47 comments:

CF said...

Last week I read that China had sent some trains of relief supplies into N.Korea and N. Korea (whose rail system is failing apart) kept not only the contents, but the trains as well, leaving the crews to make it home by other means.

Peter UK said...

cf,
Well,they have to transport their ICBMs on something.

Knucklehead said...

China doesn't get too riled up when the Norks threaten the civilized world with nukes but don't counterfeit their currency. At least we know there is a line.

Buddy Larsen said...

NoKo has been counterfeiting the Dollar, too--the Feds have been raising hell with certain Asian banks.

Buddy Larsen said...

Guess they figured that one way to make money is to actually "make" money.

chuck said...

Buddy,

Maybe it really does grow on trees.

Buddy Larsen said...

--that's what the wealthy arborist says--

David Thomson said...

This is great news---if true. The Bush administration might be getting a little lucky. It had been hoping that China would eventually become critical of North Korea.

Sigh, Communists ripping off their own comrades. What is happening to the world? Is there no honor among thieves? I'm starting to lose my faith in the utopian vision.

Barry Dauphin said...

Chcuk
Maybe it really does grow on trees.

If so, it's the only thing in North Korea that actually grows.

Peter UK said...

The Norks have eaten all the trees.

terrye said...

One of the reasons the US pulled out of bilateral talks with NK was counterfeiting. It seems they had a real business going in $100 bills. They got caught, and it seems they did not learn their lesson. They are criminals.

Buddy Larsen said...

Extortionists with ICBMs? Somebody take us back to '94 for a "do-over"--quick!

Skookumchuk said...

CF:

They are probably down to only a few functioning locomotives after cannibalizing the fleet, which is not unusual in many third world countries, let alone North Korea.

Terrye:

It seems they had a real business going in $100 bills.

Darn. So we have to shut down the printing press in the garage, then? :-)

The cat made us do it, Your Honor. So we could buy her as much cat food as she wanted.

Knucklehead said...

It ain't just currency. North Korea's Counterfeit Goods Targeted . None of their partners have any problem with it until, of course, it cuts into their own business.

Rick Ballard said...

I wonder if China caught on when the Norks insisted on paying in cash and gave them a choice of yuan or $100 bills?

terrye said...

skook:

Hey, I could use a few hundred myself.

Buddy Larsen said...

hit song "As Norks Go Buy" from "CashaBlanka":

You must Remembi this,
a buck is not a buck,
a yuan is not a yuaaaan...
the fundamental things don't apply...
as Norks go buy....

Skookumchuk said...

Herman Hupfeld reincarnated!

I think that among us we have the talent for another Cole Porteresque Broadway hit.

A Busby Berkeley hit, anyway.

Skookumchuk said...

Terrye:

The problem with the hundreds we were cranking out was that the cat insisted on an engraving of herself instead of Benjamin Franklin. This may be a problem.

Buddy Larsen said...

The cat reminds me of the guy who broke down along the country road. He's under the hood when this cow looks over the fence and says "Check your fuel line".

Guy screams and runs back to the farmer's house a mile back, and screams at the farmer "YOUR COW TOLD ME TO CHECK MY FUEL LINE!"

Farmers answers, "oh, her--she thinks she knows EVERYTHING about carburetors".

chuck said...

LGF is reporting uncut sheets of $100 bills visible in a newsreport from Beirut. From NK to Hizbollah?

Peter UK said...

Even Hezbollah is at it.

"I get no kick from sham bucks
Mere funny money doesnt thrill me at all
So tell me why should it be true
That I keep on printing a few".

Skookumchuk said...

Chuck:

From NK to Hizbollah?

I remember the day of the famous "Axis of Evil" speech, when the conjunction of Iraq, Iran, and North Korea was being poo-poohed by all the pundits, even people like Peggy Noonan.

If this is true, the final history of our time will be very interesting indeed.

And if it is true, the visceral hatred of the Left toward America will grow to even more hysterical proportions.

Skookumchuk said...

Peter UK:

When our musicals take off, we'll get you a place on Shaftesbury Avenue where you can keep an eye on the productions.

Buddy Larsen said...

somehow I'm leery of any business deals on Shaftsbury street--

Skookumchuk said...

Oh Buddy, please. What is the West End of London after Caracas?

You would do fine if Peter UK turns down the job.

No, Peter, a Bristol Beaufighter coupe is not included in the compensation package.

MeaninglessHotAir said...

Buddy: Somebody take us back to '94 for a "do-over"--quick!

It was my understanding that Hillary was planning exactly that. And with health benefits!

Skookumchuk said...

Oh, I'm sorry, they have Blenheims now.

MHA:

Yes, and the best part is that it is all free, with no waiting times.

Buddy Larsen said...

PeterUK, airborne in Bristol Beaufighter Coupe, over Birnham Wood, in the forests of Dunsinane.

Luther McLeod said...

PeterUK, please do not take offense.

But, Buddy, that was perfect!

And Skook, I'm sorry, though you did not comment, just sourced, the Blenheim's are just ugly. Except that if one were sitting in one, it would be quite luxurious, I'm sure.

Buddy Larsen said...

Luther--when "Mad Max" came out, little did we guess that Mel Gibson was a *Prophet*.

Skookumchuk said...

Actually, I'm told they are horrible cars...

It is just that I have this totally irrational craving for one. In the 80's, I went into Tony Crooks showroom and nearly bought a used gold 408. Pretty cheap. I didn't though - which was an unusual attack of common sense.

Now, perhaps we should consider a TVR.

Peter UK said...

Sorry,but I wouldn't be seen dead in the West End in anything other than this

Buddy Larsen said...

I'm that way with the 60s/70s VW Karmann Ghia.

Skookumchuk said...

PeterUK:

There you go - the Wooden Wonder! I was manically searching for a jpeg and you beat me to it.

Buddy Larsen said...

DeHavilland Mosquito--400 mph high-altitude plywood beauty--

Luther McLeod said...

Damn Buddy, more truth than fiction in that comment. We against the hordes. It is that simple, isn't it? Good vs. Evil, the age old dialog. That we still fight.

PeterUK, perfect, hell of an airplane, out of plywood no less!

Skook, just the words to convince the wife..."dash of practicality".

Skookumchuk said...

Luther:

Except it costs umpteen kazillion dollars.

I think I'll continue looking for a rusted out El Camino.

Buddy Larsen said...

umpteen kazillion dollars and 99 cents.

Peter UK said...
This comment has been removed by a blog administrator.
Peter UK said...

How about something more showbusy?

Skookumchuk said...

Peter, that is for our Vegas office. But if that is what you want...

Buddy Larsen said...

On *that* scale, nothing beats the winged '59 Caddy.

Knucklehead said...

Buddy,

That one brought back some memories. In the day my buddy's dad had one of those. Pink - no kidding.

I once nearly impaled myself on the port fin while running a post pattern in an asphalt jungle touch football game. The parked cars were useful for shaking off the defense but, darn, things got dicey at that moment of maximum concentration when one is about to catch the pass.

I remember, vividly, lying there on my back wondering if I was seriously punctured and hearing my buddy's dad coming out his door and saying, "There better not be any blood or dents on my fin!"

Peter UK said...

Buddy,When I said "Showbisy" I didn't mean the carnival branch,this is, after all,Shaftesbury Avenue.

Peter UK said...

How about this?

Skookumchuk said...

Peter UK:

Perfect.