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2009-12-07 China-Japan-Koreas

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Posted by Steve White 2009-12-07 00:00|| || Front Page|| [6 views ] Top

#1 So a North Korean families life's savings is worth 100 kilos of rice. 200 kilos if they are one of the few with a bank account. That's about $100 worth of rice.

Posted by ed 2009-12-07 00:46|| 2009-12-07 00:46|| Front Page Top

#2 Should have put those dollars in gold coins. Oh wait.....

Executive Order 6102 is an Executive Order signed on April 5, 1933 by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates" by U.S. citizens.

The Order required U.S. citizens to deliver on or before May 1, 1933 all but a small amount gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 per troy ounce. Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of Executive Order 6102 was punishable by fine up to $10,000 ($166,640 if adjusted for inflation as of 2008) or up to ten years in prison, or both. The price of gold from the treasury for international transactions was thereafter raised to $35 an ounce. The value of the dollar was thenceforth determined by its value relative to other national currencies.

Posted by Besoeker 2009-12-07 05:49|| 2009-12-07 05:49|| Front Page Top

#3 Just making sure comments till work...

Posted by Fred 2009-12-07 17:32|| 2009-12-07 17:32|| Front Page Top

#4 They till work... :)

Posted by CrazyFool 2009-12-07 18:35|| 2009-12-07 18:35|| Front Page Top

#5 Silly CrazyFool! ;-)

Posted by trailing wife">trailing wife 2009-12-07 23:02|| 2009-12-07 23:02|| Front Page Top

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