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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Wednesday, September 21, 2005

North Korea Makes $250 million A Year From Counterfeiting US $ Notes....

The rogue regime of North Korea, is and has been producing hundreds of millions of dollars a year in fake US$ 100 notes.
The counterfeiting profits support the North Korean government's drug trafficking, money laundering and gambling, Miss Hwang says. On a strategic level, the North Koreans think that circulating supernotes will help destabilize Western economies, she says, noting that the U.S. Treasury redesigned the $100 bill in part because of North Korean counterfeiting.
China is linked to the counterfeiting by North Korean use of Chinese territory and criminal gangs, she says. The Beijing government is probably aware of the official role in North Korean counterfeiting and is not doing enough to stop it.
Interesting that all of this is getting press time just after Mega-wealthy Ronnie "I have no morals and will sell anything to anybody or do anything since I am above the law or above responsibility" Au's sleezebag bank gets rapped for involvement in North Korea's illicit programs. And we all know that any of this could not be done without the complicity and tacit approval of China's ruling elite.

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