When one nation counterfeits the currency of another nation, it commits an act of war against that nation. Counterfeiting in large amounts weakens the currency and damages the victim economy.
It is no secret (although Kim Jong-il would like it to be) that North Korea has been manufacturing bogus U.S. $100 bills. It seems that they have had a little help.
U.N. Officials Knew Earlier of N. Korea Fake Currency
UNITED NATIONS — As federal investigators examine how the leading U.N. agency in North Korea illegally kept 35 counterfeit American $100 bills in its possession for 12 years, documents indicate that more officials were aware of the existence of the fake currency — and earlier — than the agency has reported.Ed Morrissey at Captain's Quarters has something to say about it, The UN Hid North Korean Counterfeits
Spokesmen for the United Nations Development Program have said top officials at the agency's New York headquarters learned in February that their safe in Pyongyang contained the counterfeit bills and immediately reported it to American authorities. But several documents shown recently to The New York Sun indicate that higher-ups knew much earlier that the safe held counterfeit money.
The documents are part of a worldwide reporting system that allows the agency to keep track of the contents of its office safes.
One "safe contents count record" — shown to the Sun with the stipulation that the paper omit such details as the exact issuing date, which was before February — confirms that fake money was in the safe in Pyongyang. According to a source familiar with the system, this and similar records were filed with UNDP headquarters twice a year.
Internal UNDP communication shown to the Sun also indicates that in at least one incident, a Pyongyang office manager reported the existence of the counterfeit money to his successor. Similar reports were filed with the seven managers that have served in North Korea since 1995. Some of these managers have returned to UNDP headquarters since then and now serve as top officials there.
If federal prosecutors can return an indictment and confirm this activity, the UN will face a much tougher time in the US than it did in the Oil-for-Food Programme scandal. In that case, they turned a blind eye and enabled Saddam Hussein to enrich himself through a vast kickback scheme. If the UN helped hide North Korea's counterfeiting ring, that is a direct insult to our sovereignty, as well as our hospitality.I agree. The U.N. is worse than useless and should be disbanded.
It would be an insult that we cannot afford to let pass. If the UN does not immediately fire everyone involved in this scandal and revoke their immunity, then we must cut off all funds for the UN and create a timetable for withdrawal from this thoroughly corrupt organization. We have no need of a debating society whose members transform refugee camps into seraglios, who stuff the pockets of dictators with money meant for those they oppress, and who actively assist other nations in undermining our currency. If the UN fails to cooperate, it's time to push Turtle Bay into the water and bid adieu to the last of the Cold War anachronisms.