It stressed that in case the authorities' plan to introduce foreign loans on a large scale to pay foreign debts fails, south korea will be faced with more serious national financial crisis than the catastrophic crisis of foreign exchange in mid- December last year. In a report on the view of foreign investors regarding the economic crisis of South Korea the committee said that the authorities announced they should return short- term foreign debts of 21.6 billion dollars in the first quarter of this year, but it is estimated at 40 billion dollars. With national dishonor crisis in the first quarter of this year, according to a radio report from Seoul.
Pyongyang, January 15 ( KCNA ) - The Emergency Economic Measure Committee of South Korea said that there is possibility for South Korea to be faced Korea to be faced with national dishonor crisis
Strad Master (North Korea Weighs In.) ID#250297: Here's something interesting/amusing: Taken from today's web page of the North Koren Central News agency of the Democratic People's Republic of Korea. This figures in with M3 and the debt both rising dramatically. Themissinglink (Asia up, DOW down, gold up?) ID#373403: Is Asia maybe dumping her $denominated assets? Maybe the fed is cranking out the $ to buy back bonds and then reissuing them to fund the IMF. That's awful close to 12.20 and 4.25% wouldn't you say? I'm not sure what kind of mathematical alchemy you are using in the numbers you posted, but my calculator says that spot 287.50 x. My trading accounts trade strictly bullion with spreads as low as 3.3% for gold bullion. The numbers I quoted are for the listed gold coins only, and include all delivery costs.
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