They would put wood, coal, coal dust, corn cobs to feed it to create the combustion.ĬHACE: And this is so sad and also so brilliant at the same time. I was driving behind one of these trucks in a rural area. They would put this big, like, stove in the back of the truck. Even the military is unable to get oil and supplies.ĪNTHONY BANBURY: The military, which gets the first dibs on resources - more resources than any other segments of the society, had converted a large portion of its trucks from gasoline- or diesel-burning to solid-fuel-burning, basically creating almost, like, steam-engine technology so they could make these trucks go using solid wood. There'll be one smokestack puffing out of a row of 20. And he was struck by the effects of years of isolation in the country.
And we should also say here that he is the brother-in-law of PLANET MONEY's own Adam Davidson.ĬHACE: Banbury was in North Korea recently, and he had access to parts of the country that outsiders normally don't see. And he says that the World Food Program would ship in rice and other food products to keep the North Korean people from starving. He used to run the World Food Program for Asia. SMITH: We went to the United Nations to talk to Anthony Banbury. North Korea feeds its people through charity. So they've chosen this very sad third option. In order to buy something from abroad, you have to have something that the rest of the world wants.ĬHACE: Other than a couple of specialty seafood items, some delicious mushrooms, North Korea doesn't have anything unique that the world demands. Or most countries, they trade with the rest of the world.īut here's the key. Very few countries can even come close to this. You can either make everything yourself, harvest your own food, manufacture your own products. So other countries have basically two choices when it comes to survival. SMITH: But, of course, North Korea isn't like any other country. So today on the podcast, we're going to look at the few ways that North Korea does get some money into the country, ways that for any other country in the world, would seem totally crazy. They can't bring in enough money or products to make life better for the people there. The currency is worthless outside its borders.ĬHACE: All these problems are made worse by the fact that North Korea doesn't trade with most of the world. The country goes dark every night because there's not enough electricity. The North Koreans can't feed their own people. SMITH: I don't think I'm breaking any news here when I say that North Korea has a lot of problems.
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This is just one in what will very likely be a long and painful series of debates about the federal deficit.
But I think the key thing about this $13 trillion figure is it really points to the fact that this debate that's going on right now about the deficit and the debt ceiling, it's not like the be-all-end-all that's just going to set the course for the federal government for the next decade. The federal government will have to make big changes to cut the deficit by that much. And, you know, to be clear, even 2 trillion is a huge amount of money. And I was kind of surprised by it because when you've been listening to the news this week about the debt ceiling debate and fighting over plans to cut the deficit, you know, the numbers are more, like, cut it by 2 1/2 trillion or a big effort to get to 4 trillion. That's according to a projection from the Congressional Budget Office, which is of course the nonpartisan scorekeeper for the federal budget.ĬHACE: Jacob, you have this number on the blog this week. Over the next 10 years, the federal government is going to run deficits of $13 trillion in total. JACOB GOLDSTEIN, BYLINE: Today's PLANET MONEY indicator - 13 trillion. Today we will go through the list.ĬHACE: First, the PLANET MONEY indicator with Jacob Goldstein. But that doesn't mean that Kim Jong Il doesn't have some strange and illegal ways to get cash. But we thought he pretty much summed up the state of the North Korean economy.ĬHACE: Today on the podcast, we'll talk about what North Korea buys, sells and processes to make money.
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Today is Friday, July 15, and that was the character Lloyd Dobler from the movie "Say Anything." He was talking about his career plans. I don't want to sell anything, bought or processed or buy anything sold or processed or process anything sold, bought or processed or repair anything sold, bought or processed, you know? As a career, I don't want to do that. And I would have to say, considering what's waiting out there for me, I don't want to sell anything, buy anything or process anything as a career. JOHN CUSACK: (As Lloyd Dobler) I've thought about this quite a bit, sir.
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