Hi. All,

Thanks to Ray for this article.

We experienced this in the late 1920s and into the 1930s. The Soviet Union experienced it when the Berlin wall came down and they went to a market economy, I have mentioned this previously in regard to the hyper inflation caused by events such as this, events I might add that do not happen by accident.

This latest situation in North Korea is a sobering prelude to what we can expect if the banksters choose to further devalue the currencies of North America, Britain, and Europe hyper inflation can be devastating and life savings can disappear overnight. We do live in interesting times, and those times they are a changing at a rapid rate, I wonder what the new year holds in store?

Reports said North Koreans rushed to convert their currency

Source: http://news.bbc.co.uk/2/hi/asia-pacific/8394987.stm

North Korea currency change sparks panic
By Michael Bristow
BBC News, Seoul
North Koreans are "devastated" following currency reforms that could wipe out their savings, reports say.

Ordinary people are reported to be desperately trying to buy as many goods as they can with the old currency while it is still valid.

The government told its people on Monday that it was knocking two noughts off the nominal value of banknotes.

Experts say this will help tackle inflation and increase officials' control over an already impoverished population.

They say the Pyongyang government particularly wants to rein in the activities of free markets that have sprung up across North Korea

Economic hardship read

http://news.bbc.co.uk/2/hi/asia-pacific/8394987.stm