9.) The Insatiable Military Industrial Complex
Recall Gen. Stanley McChrystal in April 2003 shortly after the fall of Baghdad in which he announced, "I would anticipate that the major combat engagements are over." Fall 2014; Stanley A. McChrystal's townhouse in Alexandria, Va., was where Michael Flynn registered his new company consulting and intelligence business, the Flynn Intel Group.
In September 2004, Petraeus wrote an article for The Washington Post in which he described the tangible progress being made in building Iraq's security forces from the ground up while also noting the many challenges associated with doing so. "Although there have been reverses – not to mention horrific terrorist attacks," Petraeus wrote, "there has been progress in the effort to enable Iraqis to shoulder more of the load for their own security, something they are keen to do."
Petraeus was unanimously confirmed as a four-star general and MNF-I commander on January 27, 2007.
Before leaving for Iraq, Petraeus recruited a number of highly educated military officers, nicknamed "Petraeus guys" or "designated thinkers", to advise him as commander, including Col. Mike Meese, head of the Social Sciences Department at West Point and Col. H.R. McMaster, famous for his leadership at the Battle of 73 Easting in the Gulf War and in the pacification of Tal Afar more recently, as well as for his doctoral dissertation on Vietnam-era civil-military relations titled Dereliction of Duty.
In April 2007, Petraeus made his first visit to Washington as MNF-I Commander, reporting to President Bush and Congress on the progress of the "surge" and the overall situation in Iraq. During this visit he met privately with members of Congress and reportedly argued against setting a timetable for U.S. troop withdrawal from Iraq.
In his September Congressional testimony, Petraeus stated that "As a bottom line up front, the military objectives of the surge are, in large measure, being met." He cited numerous factors for this progress, to include the fact that Coalition and Iraqi Forces had dealt significant blows to Al-Qaeda Iraq and had disrupted Shia militias, that ethno-sectarian violence had been reduced, and that the tribal rejection of Al-Qaeda had spread from Anbar Province to numerous other locations across Iraq. Based on this progress and additional progress expected to be achieved, Petraeus recommended drawing down the surge forces from Iraq and gradually transitioning increased responsibilities to Iraqi Forces, as their capabilities and conditions on the ground permitted.
With his four-star rank, Petraeus receives an annual pension of about $220,000.
Many retired senior military officers are working as war consultants (while drawing a fat pension) at $200-$300 per hour. Bleeding our coffers while 40 million Americans are living on food stamps. This fake war-of-terror is extending even after Saddam's and Bin Laden's death's.
Recall in 2014 they told us, ISIS is a bigger threat than Saddam and Bin Laden and let us roll once again, to fight the enemy of America. So far the US government has spent over $3 trillion on this war-of-terror and 9,000 US troops dead.
Opium: The Other Failed US War in Afghanistan
There are plenty of failures to focus on in Afghanistan, but while they usually center around the calamitous US military occupation, another US war in the country, the “war on drugs” continues apace, with similarly feckless results.
16 years into this war, and with $7.5 billion spent, the latest figures (PDF) from the Special Inspector General for Afghanistan Reconstruction (SIGAR) show remarkable consistency, as the US continues to throw money and manpower at poppy eradication and appears to have no real impact on cultivation or export.
Production of opium poppies in Afghanistan, though never this high in modern history, was actually virtually nil in 2001, when the Taliban was being feted by DC drug warriors for its brutally effective crackdown on cultivation. 2017 still has most of the brutality, but none of the effectiveness, and the US seems unable to even remotely replicate the Taliban’s “success” on this front.
Now the military industrial complex wants more money for more war. While the American people keep crying "no more war", "bring the troops home" and "protect our borders", but no one is listening. In 2006 American voters replaced Congress to end the wars and instead we got a surge. In 2009 desperate for change, the American voters put Barack Obama in the White House and Americans instead of receiving the promised "peace-dividend" were led into war with Libya and Syria. In 2016 Trump ran on a platform of ending the wars and bringing US troops home but instead he has attacked Syria, sent more troops to Afghanistan and is now planning wars with North Korea and Iran.
Trump to send 4,000 more U.S. troops to Afghanistan
Donald Trump KILLS Over 3,000 Iraqi Civilians in June, U.N. Reports
Instead of the diplomacy of presidents past, Trump and his advisers, especially his military men, have reacted to his first modest foreign crises as well as the everyday power questions of empire with outbursts akin to Anthony Eden’s. Since January, the White House has erupted in sudden displays of raw military power that included a drone blitz of unprecedented intensity in Yemen to destroy what the president called a “network of lawless savages,” the bombardment of a Syrian air base with 59 Tomahawk missiles, and the detonation of the world’s largest non-nuclear bomb on a terrorist refuge in eastern Afghanistan.
While reveling in the use of such weaponry, Trump, by slashing federal funding for critical scientific research, is already demolishing the foundations for the military-industrial complex that Eisenhower’s successors, Republican and Democratic alike, so sedulously maintained for the last half-century. While China is ramping up its scientific research across the board, Trump has proposed what the American Association for Advancement of Science called “deep cuts to numerous research agencies” that will mean the eventual loss of the country’s technological edge. In the emerging field of artificial intelligence that will soon drive space warfare and cyber-warfare, the White House wants to reduce the 2018 budget for this critical research at the National Science Foundation to a paltry $175 million, even as Beijing is launching “a new multi-billion-dollar initiative” linked to building “military robots.”
4.) What would another armed conflict on the peninsula look like?
During the Korean War, which lasted from 1950 to 1953, some 2.7 million Koreans died, along with 33,000 Americans and 800,000 Chinese. In any pre-emption scenario now, the U.S. would try keep the strike limited to the task at hand; at the same time Washington would signal in any way it could—probably via the North’s ally in Beijing--that it did not seek a wider war.
For the past two years, the U.S. and South Korea have been practicing pre-emption exercises. In 2015, they adopted a new war plan, OPLAN 5015, which includes attacks on the North’s nuclear and missile facilities, as well as “decapitation attacks” against Kim Jong Un and the rest of the North Korean leadership.
South Korea also developed its own pre-emptive attack plans, and has acquired, U.S. and Korean officials say, weapons capable of destroying some of North Korea’s weapons of mass destruction. Seoul has also built an elaborate defense system, which includes the recent delivery of the U.S. terminal high altitude area defense system, which shoots down incoming missiles in the final phase of their descent.
If the U.S. launches a pre-emptive strike, Kim appears likely to hit back, starting with an artillery barrage—thousands of rounds per hour. “Without moving a single soldier in its million-man army,” says former CIA analyst Bruce Klingner, now at the Heritage Foundation, “the North could launch a devastating attack on Seoul.”
But this would not be a one-week walkover, like the first Gulf War against Saddam Hussein, when his forces were arrayed like clay pigeons in the Iraqi and Kuwaiti deserts, where they were easily destroyed by U.S. air power. Conventional thinking in the Pentagon is that it would be a four- to six-month conflict with high-intensity combat and many dead. In 1994, when President Bill Clinton contemplated the use of force to knock out the North’s nuclear weapons program, the then commander of U.S.-Republic of Korea forces, Gary Luck, told his commander in chief that a war on the peninsula would likely result in 1 million dead, and nearly $1 trillion of economic damage.
The carnage would conceivably be worse now, given that the U.S. believes Pyongyang has 10 to 16 nuclear weapons.
Read more: http://www.newsweek.com/2017/05/05/what-war-north-korea-looks-588861.html
Korea: What the Media is not Telling
By Christopher R Rice
1.) How North Korea could kill 90 percent of Americans
The mainstream media, and some officials who should know better, continue to allege North Korea does not yet have capability to deliver on its repeated threats to strike the U.S. with nuclear weapons.
False reassurance is given to the American people that North Korea has not “demonstrated” that it can miniaturize a nuclear warhead small enough for missile delivery, or build a reentry vehicle for an intercontinental ballistic missile (ICBM) capable of penetrating the atmosphere to blast a U.S. city.
Yet any nation that has built nuclear weapons and long-range missiles, as North Korea has done, can easily overcome the relatively much simpler technological challenge of warhead miniaturization and reentry vehicle design.
Indeed, North Korean dictator Kim Jong-Un has been photographed posing with what appears to be a genuine miniaturized nuclear warhead for ballistic missiles. And North Korea does, in fact, have two classes of ICBMs—the road mobile KN-08 and KN-14—which both appear to be equipped with sophisticated reentry vehicles.
The Defense Department assesses that on January 6, 2016, North Korea may have tested components of an H-Bomb. H-Bombs are much more powerful than A-Bombs and can produce much greater casualties—millions of casualties in a big city like New York.
Eight years ago, in 2008, the CIA's top East Asia analyst publicly stated North Korea successfully miniaturized nuclear warheads for delivery on its Nodong medium-range missile. The Nodong is able to strike South Korea and Japan or, if launched off a freighter, even the United States.
In 2011, the Director of the Defense Intelligence Agency (DIA), Lt. General Ronald Burgess, testified before the Senate Armed Services Committee that North Korea has weaponized its nuclear devices into warheads for arming ballistic missiles.
In February and March of 2015, former senior national security officials of the Reagan and Clinton administrations warned that North Korea should be regarded as capable of delivering by satellite a small nuclear warhead, specially designed to make a high-altitude electromagnetic pulse (EMP) attack against the United States. According to the Congressional EMPCommission, a single warhead delivered by North Korean satellite could blackout the national electric grid and other life-sustaining critical infrastructures for over a year—killing 9 of 10 Americans by starvation and societal collapse.
Two North Korean satellites, the KMS-3 and KMS-4, presently orbit over the U.S. on trajectories consistent with surprise EMP attack.
On April 7, 2015, at a Pentagon press conference, Admiral William Gortney, then Commander of North American Aerospace Defense (NORAD), responsible for protecting the U.S. from long-range missiles, warned that the intelligence community assesses North Korea's KN-08 mobile ICBM could strike the U.S. with a nuclear warhead.
Ambassador R. James Woolsey was the Director of Central Intelligence from 1993-95. Dr. Peter Vincent Pry is chief of staff of the Congressional EMP Commission, served in the House Armed Services Committee and the CIA.
Read more: http://thehill.com/blogs/pundits-blog/defense/326094-how-north-korea-could-kill-up-to-90-percent-of-americans-at-any
7.) It could take months for US to prepare for North Korea war
Despite bellicose rhetoric coming from US President Donald Trump and North Korean leader Kim Jong Un, analysts say there are no signs the US is planning a first strike on North Korea or that Kim will make good on threats to hit the US territory of Guam.
The US military isn't in any position right now to strike North Korea with the kind of campaign that would be needed to bring battlefield success and would need weeks, if not months, to sort out the logistics, analysts say.
Mark Hertling, a retired US Army general and CNN analyst, said the tens of thousands of US civilians, many of them military dependents, would first need to be evacuated from South Korea.
Read more: http://www.cnn.com/2017/08/09/politics/us-north-korea-war-signals/index.html
5.) Japan issues booklet to prepare citizens for nuclear war with North Korea
Japan is bracing itself for nuclear attack with chilling advise on what to do if Kim Jong-un presses the red button.
For the first time since North Korea began a series of nuke tests, the Japanese people are being issued with terrifying instructions on how to deal with nuclear war.
A downloadable pamphlet is now available on the island nation's civil defense website.
Called "Protecting Ourselves against Armed Attacks and Terrorism," it outlines emergency measures in the event North Korean missiles approach the country.
Read more: http://www.newsweek.com/north-korea-japan-usa-war-nuclear-testing-missile-sarin-588817
Hawaii Is Preparing a Plan in Case of an Attack
Although the Trump administration and some media outlets have been drumming up fear of a potential North Korean nuclear attack, little evidence exists that America is in any imminent danger. But that hasn't stopped Hawaii, which has been mentioned as the target of a possible attack due to its proximity to North Korea, from taking precautions. According to a report from Motherboard, the group of islands is preparing a nuclear contingency plan for the first time since the 1980s.
While the Hawaii Department of Defense does not have nuclear preparedness guidelines, it did provide Motherboard with a "Plan of Action and Milestones" for a new missile defense initiative, in response to a request submitted under the Freedom of Information Act. Addressed in the plan is how the state is handling the threat of a potential attack by North Korea.
Outlined in the plan are some of the ways it is preparing, including "reviewing existing procedures for mass casualty and fatality management," "conducting in-service training for key staff and leadership regarding weapons effects" and "conducting briefings for congressional and state legislative leaders."
The state is also exploring ways to incorporate cellphones into its emergency alert system, rather than relying solely on television, radio and sirens.
The initiative marks the first update to Hawaii's nuclear defense plans since 1985, when the risk was deemed to be too low to actively prepare for an attack. The renewed effort comes at the behest of lawmakers fearing North Korea's development of intercontinental ballistic missile (ICBM) technology. The state estimates that an ICBM fired from North Korea could reach Hawaii, a little over 4,600 miles away, in 20 minutes.
Read more: http://www.newsweek.com/hawaii-north-korea-nuclear-attack-preparation-615571
Australia is now an “easy target” for a nuclear attack from North Korea
That’s the view of Australian National University Korea expert Leonid Petrov, who told news.com.au that the secretive state would be able to make enough weapons-grade plutonium to create a nuclear bomb each year.
And he said their weapons could reach Australia, although, as we don’t have a huge strategic importance or many military operations, they are more likely to target South Korea, Japan and the USA.
The country’s Atomic Energy Institute said that the Kim Jong-un regime had been improving the quantity and quality of its nuclear weapons and confirmed the Yongbyon nuclear complex — including a five-megawatt reactor — was now fully operational.
Read more: http://www.news.com.au/technology/innovation/inventions/north-korea-confirms-new-and-improved-nuclear-weapons-in-the-works/news-story/f4e8e75cfc4fc2495a59590783881dd0
10.) North Korea’s Nuclear Tests May Set Off Apocalyptic War of Angels, Warns Bible Codes
A Torah codes expert discovered hints concerning North Korea’s recent threat to use nuclear weapons against America and revealed that the despotic regime is specifically designated as having a terrifying role in the end-of-days. Even more alarming are the codes describing the part that legions of angry angels, harsh messengers of God, may play in this scenario.
Last week, North Korea warned it would consider launching a preemptive nuclear strike against America in response to joint US-South Korean military exercises. Rabbi Matityahu Glazerson quickly released a video explaining how Torah codes, a system of interpreting the Bible by connecting letters through set intervals, reveals how the two countries are pitted against each other in a nuclear showdown.
Using a special computer program to help him find these codes, the rabbi found the words ‘Tsafon Korea’ (North Korea). The message became even clearer as the rabbi found the letters aleph, heh, resh, and bet arranged sequentially. These letters form the acronym for ‘Artzot Habrit’ (the United States in Hebrew).
Both of these codes were adjacent to the words ‘Shoah Atomit’ (atomic holocaust). On the same grid of Bible codes, the rabbi discovered the word ‘Gog’, which the he said hints at the possibility that North Korea is the nation that will bring the pre-Messianic war, prophesied to come “from the North”.
Even more shocking was the discovery in the grid of Bible codes of the name Samael, the main archangel of death, and his mate, Lilith. Samael literally means ‘the drug of God’, or, as it is explained in the Zohar, the poison of God. In the Talmud, Samael is described as the angel of death and commander of a legion of two million angels.
The Yalkut Shimoni, a compilation of rabbinic commentaries on the Bible believed to have been composed in the 13th century, identified Samael as the angel of Esav (Esau) that fought with Jacob, bestowing upon him the name ‘Israel’. Samael became the angel of the nation of Edom, according to Rabbinic literature, which became Rome. According to many contemporary rabbis, Esav is now epitomized by Western civilization, headed by the United States.
When Rabbi Glazerson searched the codes surrounding the names of the two countries, he also discovered the words ‘hahatra’a’ (the warning), and ‘iyoom’ (threat).
In his video, Rabbi Glazerson warned in Hebrew, “North Korea is a nuclear threat to the United States, and they should take Korea’s threat seriously. It is a danger to the entire world.”
The rabbi explained that this international confrontation is not confined to North Korea and America, but will actually help bring the Messiah. In his video showing the grid of letters, Rabbi Glazerson points to the word ‘Moshiach’ (Messiah) adjacent to ‘ben Yishai’ the son of Jesse. The same interval reveals the letters denoting Hebrew year 5778, which will begin on the Jewish new year in September.
Rabbi Glazerson explained, “Korea, and the nuclear threat are bringing us closer to Moshiach.”
“This is such an important and interesting table of codes, but all these developments are written in Jewish sources,” the rabbi concluded. “The Torah is the blueprint of creation. Torah codes are really telling us what was planned before, especially when it tells of things that are going to come before the Moshiach.”
Rabbi Pinchas Winston, a prolific author and End of Days scholar, agreed that the current confrontation could have dire consequences.
“North Korea is a kind of wild card. It may be a small and obnoxious country that, as we have seen in history, somehow triggers much bigger things, similar to the assassination of Duke Ferdinand triggering World War I,” he suggested.
“A match is a small thing that easily blows out,” he said for illustration. “But if you drop it in a room full of gunpowder, it explodes dramatically.”
Read more: https://www.breakingisraelnews.com/
Sept. 23, 2017 Revelation 12:
The first eclipse of 2014-2015’s lunar tetrad was the start of the Tribulation. This is because the first eclipse came 1,260 days before the coming appearance of a sign that will fulfill Revelation 12. It was concluded that this sign on September 23, 2017 is the mid-point of the Tribulation with the Tribulation running from April 2014 to April of 2021.
There are numerous verses in the Bible pertaining to “signs” that God will send mankind in the last days. This should be no surprise since God has often used signs throughout history, but the signs in the last days will be different. There will be no question.
“There will be signs in the sun, moon and stars. On the earth, nations will be in anguish and perplexity at the roaring and tossing of the sea.” Luke 21:25 NIV
According to reports, there will be yet another special alignment of the stars and planets, indicating that something big is about to happen on September 23 of this year. There is even a web page that keeps you abreast of the countdown. The gist of the new prediction is that it will fulfill the great sign of Revelation 12.
“A great sign appeared in heaven: a woman clothed with the sun, with the moon under her feet and a crown of twelve stars on her head.” Revelation 12:1 NIV
The next requirement is that the moon must be under the feet of Virgo. With the sun in Virgo and her feet to the east, the moon must be a few days past new moon. Since the Hebrew Calendar is lunar and the Feast of Trumpets (September 21, 2017) is on the new moon, September 23-25 places the moon in the correct position. This happens every year on the Hebrew Calendar as long as the new moon did not occur too early or too late in relation to the equinox, which would put the sun too high or low in Virgo. Here it is perfect. The requirement of the moon and sun narrows it down to a few days of the year. The rest of the parts of the sign must then coincide with this time if we are able to observe this sign.
On September 23, 2017 there are four planets in the vicinity that complete the sign and its ultimate uniqueness. Mercury, Venus, Mars, and Jupiter play their parts. Above the head of Virgo is the constellation Leo. In Leo at this time there will be Mars, Venus, and Mercury. With Leo being a constellation of nine principle stars, the three wandering stars make it twelve at this time. Thus the garland of twelve stars is upon the woman. For three planets to be in Leo at this time with all of the other preconditions makes this rare. Combined with the final piece of the picture below is what makes this sign difficult of not nearly impossible to replicate anywhere close to the time in which we live. How rare? A search 150 years before and 150 years after September 23, 2017 produced no results.
Revelation 12 comes right after the conclusion of the seventh trumpet and what is the end of the seven year tribulation.
With chapter 12, we cut away from that time to a picture of the overall war of Satan upon Israel and the Messiah. The woman is Israel and the twelve stars are the twelve tribes of Israel. Paralleling Joseph’s dream, the moon and sun also represented his mother and father (Genesis 37:10), and as we later learn in Revelation 12, the child is the Messiah. This sign plays out in the heavens on September 23, 2017 when the sun goes down in Israel. That day is Tishri 3 and the Fast of Gedaliah.
Revelation 12, now one of the most significant days in future history. That day is known as the Feast of Trumpets, Yom Teruah (the awakening blast), the Day of Shouting, the Day of the Resurrection, Coronation Day, and the Last Trump. It is believed this day is the day of the transformation of the dead and living saints at the time known as the Rapture. The Feast of Trumpets or Rosh Hashanah is in the middle of these signs.
6.) North Korea accuses CIA and Seoul of plot to assassinate Kim Jong Un
North Korea on Friday accused the U.S. Central Intelligence Agency and South Korea’s intelligence service of a failed plot to assassinate its leader Kim Jong Un with a biochemical bomb at a military parade in Pyongyang.
North Korea has a history of accusing the United States and South Korea of planning preemptive military attacks and to target its leaders, but analysts said it could be the first time it has accused the allies of an actual assassination attempt.
Pyongyang presented extensive details.
Read more: http://www.japantimes.co.jp/news/2017/05/06/asia-pacific/north-korea-accuses-cia-seoul-plot-assassinate-kim-jong-un/#.WYugxFGQzIU
SEOUL (Reuters) - North Korea on Friday accused the U.S. Central Intelligence Agency and South Korea's intelligence service of a plot to attack its "supreme leadership" with a bio-chemical weapon and said such a "pipe-dream" could never succeed.
"The Central Intelligence Agency of the U.S. and the Intelligence Service (IS) of south Korea, hotbed of evils in the world, hatched a vicious plot to hurt the supreme leadership of the DPRK and those acts have been put into the extremely serious phase of implementation after crossing the threshold of the DPRK," the North's KCNA news agency quoted the statement as saying, referring to the North by its official name, the Democratic People's Republic of Korea.
"A hideous terrorists' group, which the CIA and the IS infiltrated into the DPRK on the basis of covert and meticulous preparations to commit state-sponsored terrorism against the supreme leadership of the DPRK by use of bio-chemical substance, has been recently detected."
Two women accused of killing the estranged half-brother of North Korean leader Kim with a chemical weapon appeared in court in Malaysia last month.
They allegedly smeared the man's face with the toxic VX nerve agent, a chemical described by the United Nations as a weapon of mass destruction, at Kuala Lumpur airport on Feb. 13.
Read more: https://www.reuters.com/article/us-northkorea-usa-idUSKBN18113D
Hello, welcome to the Underground. This website is reader supported / funded, which means if you do not make a donation I will starve. If you learned anything here today please donate a buck or two and thank you for your support.
Urgent! Stop World War III – here’s how
HELLO. Please read this….
While many say calling D.C. does no good, we have to assume that if we all call—and encourage many others to do so—then there could be enough of a groundswell to make Washington think and avoid a war with North Korea.
I urge everyone, at least this one time, to immediately call the White House at 202-456-1414 [follow the prompts, to get to public comment, which is briefly taken by a live attendant, but no name or address is asked of you].
Also call the capitol switchboard, 202-224-3121, and 202-225-3121, to ask for any senator and House member by name. And it does not hurt to call legislators’ district offices, too.
We must not allow another catastrophic war to occur. Russia is moving warships into the region. This cannot be stressed too greatly. Make the calls. Letters, faxes and emails are OK, too, but please call first—right away, at least on this issue.
Do this for the kids and grandkids, and call your local newspaper and raise hell, too, if you want to put some icing on the cake.
Read more: http://www.veteranstoday.com/2013/08/29/stopww3/
2.) North Korea's nuke tests are of seismic proportions
In 2006, three years after the regime withdrew from the Treaty on the Nonproliferation of Nuclear Weapons, North Korea announced it had conducted an underground nuclear test in the northeastern part of the country.
Seismologists were able to confirm that claim by concluding the blast had come from shallow depths, no more than a few miles down, by analyzing scientific data gathered by monitoring stations in the area. They were also able to narrow the location of the test and determine the explosion to be a small one, reportedly about one-fifteenth the size of the bomb the United Stated dropped on Hiroshima, Japan during World War II.
In 2009, 2013 and twice in 2016, Pyongyang set off more underground nuclear explosions, and seismologists concluded that the blasts were getting progressively larger.
According to ScienceNews, the second 2016 blast was “deeply buried and hence probably at least as powerful as the Hiroshima bomb for it to register as a magnitude 5.2 earthquake.”
Read more: http://www.foxnews.com/world/2017/08/01/north-koreas-nuke-tests-are-seismic-proportions.html
3.) North Korea is sitting on trillions of dollars of untapped wealth, and its neighbors want it
Those who travel to North Korea regularly might have noticed that the last couple of years have brought significant improvement in the country's economic situation. Newly built high-rise apartments, modern cars on the roads and improved infrastructure come as a surprise to visitors. It begs the question, where does Pyongyang get the money from?
The ambitious rocket and nuclear programs, which North Korea continues to pursue despite international condemnation, are expensive and harmful to its economy. International sanctions continue to bite the DPRK's foreign trade and investment prospects. Regular floods and droughts, animal epidemics and other natural disasters hit the fragile economy even harder. According to expert estimations, the DPRK should have ceased to exist in the mid-1990s, after the Communist Bloc collapsed and Kim Il-Sung died. But North Korea has fully recovered after the famine and even shows steady signs of economic growth.
Foreign critics looked everywhere with hope to unravel the mystery. After 2008 the stalled inter-Korean cooperation left North Korea without South Korean financial assistance. Western humanitarian aid has also been exhausted or reduced to a number of goods with little market value. Although the volume of North Korea's foreign trade is negligible, the domestic economic situation continues to improve. Pyongyang is routinely suspected of violating international sanctions by trading arms, smuggling drugs, counterfeiting US dollars and other crimes. These activities would be expected to refill the impoverished state with badly needed foreign exchange. However, anti-proliferation operations and bank account arrests have never disclosed anything criminal nor did they manage to answer the main question: where does the money come from?
In fact, North Korea is sitting on the goldmine. The northern side of the Korean peninsula is well known for its rocky terrain with 85% of the country composed of mountains. It hosts sizeable deposits of more than 200 different minerals, of which deposits of coal, iron ore, magnesite, gold ore, zinc ore, copper ore, limestone, molybdenum, and graphite are the largest and have the potential for the development of large-scale mines. After China, North Korea's magnesite reserves are the second largest in the world, and its tungsten deposits are almost the sixth-largest in the world. Still the value of all these resources pales in comparison to prospects which promise the exploration and export of rare earth metals.
Rare earth metals are a group of 17 elements which are found in the earth's crust. They are essential in the manufacture of high-tech products and in green technologies, such as wind turbines, solar panels or hybrid cars. Known as "the vitamins of high-tech industries," REMs are minerals necessary for making everything that we use on a daily basis, like smartphones, LCDs, and notebook computers. Some Rare earth metals, such as cerium and neodymium, are crucial elements in semiconductors, cars, computers and other advanced technological areas. Other types of REMs can be used to build tanks and airplanes, missiles and lasers.
South Korea estimates the total value of the North's mineral deposits at more than $6 trillion USD.
Read more: http://www.themontrealreview.com/2009/Rare-Earth-Metals-North-Korea-New-Trump-Card.php
China Threatens Retaliation To Trump's Steel "Protectionism"
"A Nightmarish Picture For Iron Ore Prices" Has Emerged, Axiom Warns
Armageddon in 2017: Ancient omen predicts conflict that will bring ‘THE END OF THE WORLD'
Is the oil crash a secret US war on Russia?
Endless War = Endless Profits (How Congress Profits from War)
How Much Does the US Really Owe?
US Military Atrocities in Iraq and Syria Worse than Nazi Germany
8.) Is North Korea The Excuse China Needs To Launch Monetary Armageddon?
By Mark St.Cyr
Currently the Korean peninsula is in play much the same way Cuba was during the Kennedy administration known as “The Cuban Missile Crisis.” The overall situation and its possible consequences for missteps are eerily similar.
Missiles have been moved onto the peninsula in what can only be described as “outrage” via not only N. Korea, but also China. Whether or not one agrees with the move (along with the stationing of war ships off the Korean coast) as to send a message to Pyongyang to cease all provocation via its nuclear ambitions is irrelevant.
The real player (and the one to pay attention too) in this standoff is China. And how they go about resolving this issue at its doorstep. Both internally, as well as externally.
Make no mistake: China is not just juggling one possible conflict, it is also currently fighting another within its own borders. For China is simultaneously on the precipice of an another possible disaster. i.e., An outright monetary disaster of its own making which needs to be resolved with the same immediacy as this external one.
I’m of the opinion this kerfuffle with N. Korea may be the catalyst which drives China to either embark on an outright kinetic posture against the West to resolve. (e.g., If no one backs down or worse) Or – will be the inflection point as to allow the monetary fallout within its financial markets to begin in earnest. Crippling the entire global economy in ways not fully understood (or envisioned) by many, especially “The West”, in what may be akin to a “First Strike” monetary (rather than kinetic) action.
Aside from the obvious “trigger” events that could arise as I stated in the above. (e.g., N. Korea) There are a few other events which when taken as a collection, rather, than just their stand alone value, portend for far further cracking in the facade that is China.
Since we’re in the middle of a possible armed standoff the analogy of “Did China dodge a bullet?” seems fitting when juxtaposed to the recent tightening into weakness launched in earnest via the Federal Reserve.
As strange as anything resembling “normal” monetary effects have been, e.g., Central banks buying equities. One of the latest has a few scratching their heads, and it’s this: As the Fed. hiked not just once, but twice in 90 days, and, is signaling even more along with a reduction of its balance sheet – the dollar has weakened.
There are far too many factors to list as to what might be the catalyst. Yet, what is clear (and the only thing that matters currently) is that this manifestation has subsequently given China some form of “borrowed time” when it comes to the Yuan. For if the dollar had strengthened as it has during such cycles? The Yuan would be in a world of depreciating hurt.
“Now some will think “Maybe there’s no concern because the politburo has it under control?” It’s a fair response, but there’s a problem inherent with the answer, or answers.
First: If the Chinese are doing it in a “controlled” type manner, it reeks of “currency manipulation” tactics for others (think U.S. presidential politics as of today) to latch onto and build support, as well as strengthen a case for retaliation. i.e., placing tariffs, etc, etc.
If you think about it from the Chinese perspective: that would mean you were openly, and intentionally goading as to fuel some version of a trade, or currency war. When you come at it using that thought process; it just doesn’t make sense. Both from a tactical standpoint, as well as political. Hence lies what maybe even a more troubling scenario. e.g., They’ve lost control.
The only other reason more troubling than the first – is the second. For it is here where things become quite precarious, as I’ve stated many times: “The currency markets are where you must keep your eyes and ears affixed. It’s where the real games are played and won.” And losing control of one’s currency has implications for all others, both warranted, as well as unintended. And it seems this latter scenario might be more on point than the former.” Where does the relationship between the Yuan and the dollar now stand? One would think with such a sell off currently taking place within the dollar market that the cross-rate should be in a much more manageable area for the politburo than before all things being equal, correct? Hint: It’s not.
All things being equal as the dollar had strengthened it put pressure on the Yuan. That pressure was/is wreaking havoc within China exacerbating the already near unmanageable capital flight taking place which shows no sign of letting up as evidenced by the chart above. For the higher the cross-rate ascends – the greater the issues weigh on the Chinese politburo via capital flight and more. And which lies-the-rub…
For if the index is rising as the dollar is weakening? (as it is currently) That means the Yuan is losing value far faster than it was only months ago. And that’s a very, very, very (did I say very?) big problem for the current monetary status quo. Not to mention the global economy in general.
The current financial underpinnings within the Chinese economy are once again under pressure in ways very few understand. With that said all one needs to watch as to perceive significant clues into the health of its underpinnings is the price stability in commodities. For much of China’s internal, and interwoven financial constructs for collateral are based on them. And one of the main players of that is iron ore. And guess what? Hint: Prices are/have collapsed at a precarious pace.
The easiest way to categorize the relationship of commodity prices and the financial underpinnings within China is this: Commodities are the collateral and pricing foundation to much of China’s financial obligations – as real estate values are to MBS and all their counterparts. Yes, much of China’s financial problems are now with real estate, but what all that real estate was built and financed on was? Hint: Commodity collateralization. (Think CDS/MBS times a factor of 1000, if not more.)
Now you have some idea of just how massive this problem is.
Just remember what a sudden (like in 2007/08) real estate value collapse can do (or did) to an economy, and you have the same scenario in earnest via commodity prices currently happening in China, where the full effects (let alone realizations) of such have yet to even be calculated, never-mind felt.
Add to this the current enactment of steel tariffs placed only weeks ago by the U.S and you know what you also get? Hint: An even more ticked-off Beijing. Again: All this in conjunction as some U.S. steel warships hold fast off the Korean coast threatening to possibly launch a first strike upon its next door neighbor and so-called Sino-influenced “underling.”
If the politburo decides that there is no other way (and easier timing for a scapegoat) than now as to suddenly devalue the currency and put a world of financial hurt squarely on the West (and the U.S. in-particular) while simultaneously using all the turmoil as to hasten the pace (and possibly secure the position for more SDR influence) the table for such a move has probably never been set so neatly, so perfectly, and so probable as it is today.
Waiting to see if the dollar reverses and brings the hurt on in ways that are out of the politburo’s control or sphere of influence will not be seen as “prudent” by anyone within the Chinese authority. “Waiting” from their viewpoint might be the last thing they can consider, especially since “warships” and “missiles” are now needed to be factored into the immediacy for monetary decision-making.
They may decide to act, and act sooner, rather than later.
© 2017 Mark St.Cyr