Sunday, November 28, 2010

North Korea to Invest 10 Megatons in South Korea

(Reuters) Seoul - Faced with an overwhelming economic disaster, Leader of North Korea Kim Jong-Il has pledged to invest 10 megatons in its neighbor to the south.

The official North Korean news agency said early today that "the Dear Leader was planning to provide ample opportunities for South Korea to begin a massive re-building program." The South Korean government did not respond to the announcement.

The move by North Korean came as a surprise, as the won has recently decreased in value from 1000: $1 to 1000: a Zimbabwean dollar. Kim Jong-Il had invested heavily in Arizonan real estate up until 2009, when the bottom fell out.

Most recently, the North Korean Government had to seize and shut down 1/2 of its banks, specifically the 2nd Bank of North Korea, which was only open from 10-3 anyway. It's total holding upon seizure amounted to $100 million in dirt and one rock. The rock, however, was later withdrawn by Mr. Jong-Il to make several smaller rocked on arbitrage.

The rock is now owned by the US Department of Treasury following in exchange for several thousand shares of GM stock.

Despite these problems, however, the North Koreans see eager to help solve the global financial crisis through a massive government sponsored make work program.

More as this story develops.

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