Kim Jong Un is a valuable source when it comes to understanding problems with the North Korean system today.

In December 2015, the North Korean leader sent a letter to the participants of the 3rd National Finance and Banking Officials Congress entitled “Let’s affect a transformation in finance and banking to energetically realize the construction of a strong state.”

Although the title may sound dry, the letter, speech-length, contains a number of important observations about the state of the North Korean financial, accounting, and national budget systems.

NK Pro analysis suggests that Kim