The endless story of Korea.

Friday, 13 December, Year 5 d.Tr. | Author: Mircea Popescu

The current leader of Korea, Kim-whatever just executed his uncle and ex-mentor, one Jang Song Thaek, on the grounds that,

It is an elementary obligation of a human being to repay trust with sense of obligation and benevolence with loyalty.

[...]

When his cunning move proved futile and the decision that Kim Jong Un was elected vice-chairman of the Central Military Commission of the Workers' Party of Korea at the Third Conference of the WPK in reflection of the unanimous will of all party members, service personnel and people was proclaimed, making all participants break into enthusiastic cheers that shook the conference hall, he behaved so arrogantly and insolently as unwillingly standing up from his seat and half-heartedly clapping, touching off towering resentment of our service personnel and people.

Insufficient enthusiasm.

This is the guy that made Kim Retarded Fatboy's throne even possible in the first place, as he was serving as the chief administrator of Retarded Fatboy's Father's estate. In light of which, the little rat's move to execute him once securely enthroned makes perfect political sense, but it also clashes with the preamble offered (as does the allegation of drug use and skirt chasing clash with the actual practice of drug use and the actual shooting of starlets by the glorious Retard Father & Retard son team).

But let's forget about that god forsaken shithole and let's move on to meatier potatoes. Such as, the United States.

In the glorious United States, a Mr. John M. Perry lent to the US Government 10`000 dollars in gold, on the understanding that he will be repaid later on 10`000 dollars in gold of the same standard, and meanwhile 4.5% interest each year. All this according to the law and obeying all the proper forms mandated by whatever regulation in force at the time.

A few years later, the USG changed the value of the dollar, to about 60% what it used to be. Mr. Perry shrugged his shoulders, and as per the signed agreement expected to be repaid about 1.69 of the new dollars for each of the old dollars. Because that is the point of making agreements that specify what's to be done in what circumstances : so that when those circumstances occur, what was said is done.

The Government refused to do so, of course, as any government in any time and place is to be expected to do - government being the original gypsy. Agreements signed with a government are good and well when it means the government in question gets to steal something - such as the land of the Indians - but should the shoe find itself on the other foot you may rest assured the same agreements are not worth the paper they're printed on.

Mr Perry sued. The Attorney General proposed a theory whereby previous Congresses may not limit the powers of the currently sitting Congress, and so if they today decide not to repay any debt, or to repay a cent to the dollar, or to require the creditors pay them to discharge debts rather than the other way around as it is customarily done... all the better.

The court ruled :

Plaintiff seeks to make his case solely upon the theory that, by reason of the change in the weight of the dollar he is entitled to $1.69 in the present currency for every dollar promised by the bond, regardless of any actual loss he has suffered with respect to any transaction in which his dollars may be used. We think that position is untenable.

Now explain to me the difference between the Democratic People's Republic of Korea and the Democratic People's Republic of Washington, DC. Can you ?

I tell you I don't see it.

Category: SUA care este
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13 Responses

  1. Well was the Uncle required to pay for the executioner?

    I am pretty sure Mr. Perry paid court costs!

  2. Mircea Popescu`s avatar
    2
    Mircea Popescu 
    Friday, 13 December 2013

    Interesting. I doubt the barbarians have yet reached such sophistication.

  3. I always wondered why the like of Jang Song Thaek play the game. They should know they're eventually going to lose, right? I guess his trust was misguided, like that John M. Perry.

  4. Mircea Popescu`s avatar
    4
    Mircea Popescu 
    Saturday, 14 December 2013

    Looky here : this guy was born there. And as much as an workaholic as he might have been, he had a wife, and with that wife a daughter.

    The daughter went to study in Paris, and then refused to come back home. Consider that : you spend your entire life trying to make some shit work, and at the end of the day, as you're too old to really start over, your grown kids say the shit you made doesn't meet the absolutely basic minimal bar of tolerable. She'd rather live in Paris, among dog eating foreigners than home.

    And then you disapprove of her amorous arrangements, and she kills herself.

    This guy's life work is a girl that did herself in and a country that did itself in. A worse fate one could scarcely imagine, it's livresque.

  5. This is not even telling the whole story.

    "Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Secretary of the Treasury is authorized and directed, when the funds therefor are made available, to establish on the books of the Treasury a credit in favor of the Treasury of the Philippine Islands for $23,862,750.78, being an amount equal to the increase in value (resulting from the reduction of the weight of the gold dollar) of the gold equivalent at the opening of business on January 31, 1934, of the balances maintained at that time in banks in the continental United States by the Government of the Philippine Islands for its gold standard fund and its Treasury certificate fund less the interest received by it on such balances."

    They did it for a foreign power, what they claimed shouldn't be done and needn't be done for their own citizen. They even did it for their own personnel working abroad. There's no question whatever that it was pure spoliage.

    Counsel for the government and railway companies asserted with emphasis that incalculable financial disaster would follow refusal to uphold, as authorized by the Constitution, impairment and repudiation of private obligations and public debts. Their forecast is discredited by manifest exaggeration. But, whatever may be the situation now confronting us, it is the outcome of attempts to destroy lawful undertakings by legislative action, and this we think the Court should disapprove in no uncertain terms.

    Under the challenged statutes, it is said the United States have realized profits amounting to $2,800,000,000. But this assumes that gain may be generated by legislative fiat. To such counterfeit profits there would be no limit; with each new debasement of the dollar they would expand. Two billions might be ballooned indefinitely to twenty, thirty, or what you will.

    "This amendment has for its purpose the bringing down or cheapening of the dollar, that being necessary in order to raise agricultural and commodity prices. . . . The first part of the amendment has to do with conditions precedent to action being taken later."

    "It will be my task to show that, if the amendment shall prevail it has potentialities as follows: it may transfer from one class to another class in these United States value to the extent of almost $200,000,000,000. This value will be transferred, first, from those who own the bank deposits. Secondly,this value will be transferred from those who own bonds and fixed investments."

    etc etc.

  6. Mircea Popescu`s avatar
    6
    Mircea Popescu 
    Sunday, 15 December 2013

    Yes, it was even presented as "profit" at the time, in official speeches and whatnot. There's no question that they didn't know what they were doing, or that they didn't really intend to steal. They did, quite plainly, quite deliberately, as a matter of course.

    Because in the end that's exactly what government is.

  7. Forget black reparations. If you want to do reparations, rather than imaginary and unquantified losses and damages that were sufferent by they who in exchange for their toil became naturalised into an actual country as opposed to the infested shithole they came from, there's about 200 billion dollars in 1934 25.8 grains, nine-tenths fine dollars that were outright stolen from white people, for the benefit and to the credit of black people, back in 1934. With interest that's a good chunk of change today. Let's get a move on that then, shall we.

  8. Mircea Popescu`s avatar
    8
    Mircea Popescu 
    Sunday, 15 December 2013

    While it stands to reason that blacks were a good chunk of 1930s poor, I do seem to recall a whole lot of white faces in the food queues photographs.

    There's no question that 1934 resulted in massive wealth transfer from the wealthy to the poor. Perhaps 200bn in terms of, 300`000 tons of 9/10 gold is an overstatement of that transfer, but nevertheless the transfer did occur.

    The justification at the time was

    a) that the poor have to be protected from outright perishing, as a general moral imperative ;

    b) that in practical terms letting half the country starve is fucking dangerous, at the very least militarily, even should one not consider the risk of internal unrest bubbling into chaos ;

    c) while rich people may get as rich as they wish employing the poor into whatever jobs they design, nevertheless they're stuck paying for them when the going gets tough. Perhaps much in the sense that a farmer may milk his cow and make any sort of cheese he wants, but if the winter's bad the cow isn't to starve while the farmer has any food left.

    Now, perhaps this is unfair, or badly managed. Neither would surprise me, and I'm too far removed from being any sort of 1930s expert to definitively say. Nevertheless, from a purely management standpoint you can't say the handling of 1930 was worse than all possible alternatives. I can readily think up still worse alternatives.

  9. Which alternatives start with Q and end with antitative easing?

  10. Mircea Popescu`s avatar
    10
    Mircea Popescu 
    Sunday, 15 December 2013

    As a for instance.

  1. [...] yes, I know, inflation is difficult to grasp intuitively, your hundred dollar bill is just as good as it was before and all that jazz. At some point you will have to decide whether you wish to interact with reality [...]

  2. [...] - the definition of marriage for instance changes all the time ; and the definition of "owed" changes whenever convenient as [...]

  3. [...] One isn't, because it can't be done. Absent particular, peculiar and very polarizedv behaviours in the very red substance of the drawings, there's exactly nothing you can do from the outside to end up with that crestfallen, hopeless, pointless and depressing landscape that is the halmark of the second best Korea. [...]

  4. [...] useless. Not parts, not edges and margins : everything, fundamentally, unfixably. You discover that your daughter'd much rather kill herself than live in it, you discover that she'd much rather fuck goats, snails or aliens rather than stay home, you [...]

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