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World Traveler
Joined: 29 May 2009
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 Posted: Thu May 20, 2010 7:10 am Post subject: Kim Jong-il keeps $4bn 'emergency fund' in European banks |
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| �I believe this is the most extensive money-laundering operation in the history of organised crime, yet the final destination of the funds has not been given the proper attention it deserves,� said Ken Kato, the director of Human Rights in Asia. |
http://www.telegraph.co.uk/news/worldnews/asia/northkorea/7442188/Kim-Jong-il-keeps-4bn-emergency-fund-in-European-banks.html
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| �Somewhere in the world, there are bankers who are earning a large sum of money by concealing and managing Kim Jong-il�s secret funds, and at the same time, almost nine million people in North Korea are suffering from food shortages,� he said. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Thu May 20, 2010 7:24 am Post subject: Re: Kim Jong-il keeps $4bn 'emergency fund' in European bank |
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| World Traveler wrote: |
| Quote: |
| �I believe this is the most extensive money-laundering operation in the history of organised crime, yet the final destination of the funds has not been given the proper attention it deserves,� said Ken Kato, the director of Human Rights in Asia. |
http://www.telegraph.co.uk/news/worldnews/asia/northkorea/7442188/Kim-Jong-il-keeps-4bn-emergency-fund-in-European-banks.html
| Quote: |
| �Somewhere in the world, there are bankers who are earning a large sum of money by concealing and managing Kim Jong-il�s secret funds, and at the same time, almost nine million people in North Korea are suffering from food shortages,� he said. |
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4bn is nowhere near the largest money laundering operation. That said, Swiss and other banking havens in Europe and elsewhere have long sheltered the stolen loot of dictators around the world. Singapore built herself with the stolen loot from Indonesia. Miami has long been a safe haven for South American and Russian thugs. Hundreds of billions all around the world. |
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visitorq
Joined: 11 Jan 2008
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| Posted: Thu May 20, 2010 8:17 am Post subject: |
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| Well this comes as no surprise whatsoever. This is precisely what the banking establishment deals in: slavery. They use made up credit to indebt and control the world's labor force and have everyone work for them, while they themselves produce nothing of value. The bankers also funded communism from the beginning... |
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blackjack
Joined: 04 Jan 2006
Location: anyang
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| Posted: Thu May 20, 2010 12:43 pm Post subject: |
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| visitorq wrote: |
| Well this comes as no surprise whatsoever. This is precisely what the banking establishment deals in: slavery. They use made up credit to indebt and control the world's labor force and have everyone work for them, while they themselves produce nothing of value. The bankers also funded communism from the beginning... |
And i bet they used the last of my damn milk this morning. I am sure i had some last night. Damn bankers |
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Jeonmunka
Joined: 05 Oct 2009
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| Posted: Fri May 21, 2010 11:02 am Post subject: |
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The financial system has the power to cease global hunger. It has the power to create equitable societies. Yet, the controllers of it continually fail to provide for a war-free and hunger-free World.
You are right, there are players feeding off the bottom of the 4b. However, it is a symptom of a much larger problem. I think it is greed, others think it is in national security, others think it is about religion: but, instead of spending 2000 billion on war, how about 2000 billion on infrastructure in Africa, in the US and anywhere else that needs it??
In fact, I read that (working strictly to budget) it would cost 50b p/a to create an infrastructure that would end hunger on the African continent. That would be a miracle - yet that is all it would take. On the other hand, if it were actually implemented it would end up costing 3000b because it would be subcontracted to Halliburton. |
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Forever
Joined: 12 Nov 2009
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| Posted: Sat May 22, 2010 5:54 pm Post subject: Re: Kim Jong-il keeps $4bn 'emergency fund' in European bank |
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| mises wrote: |
| Singapore built herself with the stolen loot from Indonesia. |
Singapore didn't do the looting - Soeharto did.
Kim, Jong-il looted North Korea and he and his family will continue to do so until he is stopped.
Its time the UN tracked down his money stashed in Europe and confiscates it. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Sat May 22, 2010 6:42 pm Post subject: Re: Kim Jong-il keeps $4bn 'emergency fund' in European bank |
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| Forever wrote: |
| mises wrote: |
| Singapore built herself with the stolen loot from Indonesia. |
Singapore didn't do the looting - Soeharto did.
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You're right. That doesn't change that Singapore benefited handsomely. |
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The Happy Warrior
Joined: 10 Feb 2010
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| Posted: Sat May 22, 2010 10:28 pm Post subject: |
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| blackjack wrote: |
| visitorq wrote: |
| Well this comes as no surprise whatsoever. This is precisely what the banking establishment deals in: slavery. They use made up credit to indebt and control the world's labor force and have everyone work for them, while they themselves produce nothing of value. The bankers also funded communism from the beginning... |
And i bet they used the last of my damn milk this morning. I am sure i had some last night. Damn bankers |
I laughed.
| Jeonmunka wrote: |
| I think it is greed, others think it is in national security, others think it is about religion: but, instead of spending 2000 billion on war, how about 2000 billion on infrastructure in Africa, in the US and anywhere else that needs it?? |
Kumbaya!!!
Of course in one way you're right, but on the other hand, everything I have learned about human nature would have to change overnight for this to happen. Resources will not be efficiently allocated to those who most need it. I work for something, I deem it mine, and I do not wish to give it up, except in return for something I want. |
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Jeonmunka
Joined: 05 Oct 2009
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| Posted: Sun May 23, 2010 12:19 am Post subject: |
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That is not an incorrect way of thinking. So, think of infrastructure spending in Africa as investment. By ceasing hunger & starvation, educating the populace, medicating the sick and the like is an investment by creating security.
Better to spend 50b that way than spending the same amount or more on aid, wars, relief funds et al.
The first is an investment, the second is throwing money into a hole. |
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