It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
South Korea has about twice as many people and about a 15x stronger currency than the North. The South Korean government structure has a separation of powers between the President, Legislator and Courts with the DRPK party the socialist ruling party in the North. I do find it in the interests of all involved that the DRPK does become one of the electable parties in a Korean National Legislator. From news reports it does look like NK is satisfied with this position, is the US?
Meetings Held to Elect Delegates to WPK Conference
Pyongyang, April 2 (KCNA) -- Meetings of the party committees of the Korean People's Army, all the provinces (political bureau), cities (district) and counties were successfully held to elect delegates to the Fourth Conference of the Workers' Party of Korea (WPK). The meetings elected Kim Jong Un, the supreme leader of the WPK, state and army, as a delegate to the Fourth WPK Conference, reflecting the unanimous will and desire of all the party members, service personnel and people. The meetings also elected officials and other working people who performed merits in strengthening the party and accomplishing the cause of the Juche revolution, the cause of Songun revolution, as delegates to the WPK Conference.
Originally posted by kwakakev
reply to post by frazzle
The game 'Civilisation' helped a lot for me in understanding some of what goes on.
This money one is tough, on one side numbers so big it is hard to make any sense of it and the other side numbers so insignificant it is hard to determine any meaning. I very much understand the positions of wealth and poverty with the options, resources and capabilities offered by the value of money. It is also clear that quite strong conflicts of interest can develop as a result of this and other power. This has been the situation to get us to this stage so some Kudos for that.
I do like Ron Paul, but there is some hesitation in what uncertainty it presents with this economic can of worms. If the Fed is to go down, then what other currency options are there? What change management will there be or is it just another feeding frenzy? At the moment I am supporting the G20 for final control of the global economy and one place to keep an eye on for options and possibilities. My reasoning for this is recent control of the IMF and the combined strength and force it can muster under START.
The topic of "how wealth is introduced into an economy" is immensely political and influential. With America releasing a large flow of currency based on debts it has helped established international trading through the world with a common value. There was just not enough gold around at the time to help facilitate all of what America was getting involved in so it was linked to other things. As strongest stander of WWII and the Cold War it is also an expression of Earth's culture.
There are many different currency systems around the world with a lot of common standards introduced to help with its security and integrity. With the issues going on with the Euro I am not sure the world is ready for one single currency unit. Clearer standards, accounting and oversight is needed globally so important macroeconomic factors can be accurately measured and trust established. There is much contention with loan policy, corporate taxation and many other financial issues. Language barriers can also compound difficulties with misunderstandings, it is a huge job.edit on 2-4-2012 by kwakakev because: spelling 'so'
Originally posted by kwakakev
reply to post by frazzle
But what is wrong with each country creating its own currency and setting up exchange rates with those countries that they DO trade with based on a mutually agreed upon currency value vs. the products being purchased/sold? Or even blocks of nations, like BRICS, collaborating and creating currencies that are open to voluntary participants?
Exchange rate decisions between trading partners don’t require a committee from the outside; and how fluctuations in markets and currency values impact each one specifically is no business of foreigners.
withdrawal from the United Nations by member states is not provided for in the United Nations Charter, either. Doesn that kind of sound like the mob?