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Stock? Bank accounts? What planet do you live on?


I live on Earth. Also, North Korea uses the Korea Exchange: http://www.mapsofworld.com/north-korea/economy/stock-exchang...

My point is that North Koreans, like anyone else in the world, communist or capitalist, have very little of their value in the form of paper currency. Whether it be goats, rice, gold, stock, bank accounts, etc.. They may value themselves based on a nationally recognized currency (the won?), but that doesn't mean that most of their value is in the form of liquid cash.

The theory of currency recognizes the value of a currency based on its level of trust (to be paid back). Soo in a country like North Korea (ESPECIALLY), citizens probably rarely maintain their worth in the form of paper currency. Because they don't trust it (whether they consciously realize it or not). If Americans don't trust the US dollar, you can imagine that North Koreans don't trust their own currency. Educated or not, brain washed or not, that's common sense.

Another example. I personally trust the American dollar very much. But how much do I have in the form of liquid cash? About $50 in my wallet. The rest of my worth is in assets, stock, savings, 401k, car, tv, intellect, etc. Just not liquid cash. So if America changed currencies all of the sudden, I'd say, "Rats, I just lost $50."

Sooo, again, my point is that this probably doesn't change much for North Koreans. Especially since most of them probably have very little personal wealth anyway (paper cash or other forms of value).

Heavens.




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