Tuesday, May 4, 2021
This is How Bad Currency Devaluations Can Really Get
We are nowhere near the hyperinflation threat that some countries have experienced, but with Federal Reserve Chairman Jay Powell and the pumpettes increasing the money supply last year by 26%, they are clearly irresponsible.
Re how vicious currency devaluations can be for many people, I heard an interesting anecdote today in a podcast about a young man who escaped the horrors of North Korea. He described in excruciating detail the various ways that the communist regime savaged the common man/woman there.
Almost in passing, the young man mentioned did you hear about the currency devaluation that occurred in North Korea in 2010. (It caused him to be homeless again.) He said that it, killed thousands of people because the money that people had been saving became worthless.
Korean-American narrative Happy Cleaners, the debut feature from co-directors Julian Kim and Peter S. Lee, centers on a dry cleaning business in Flushing, Queens owned by the turbulent Choi family.
In this interview with OnlineAthens arts and entertainment reporter Andrew Shearer, co-stars Charles Ryu, Yun Jeong, and Yeena Sung discuss their experiences making the film, its universal themes, and cultural representation. Happy Cleaners opens Friday, Feb. 5 in select theaters and will be available for streaming rental on Feb. 12.