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Korean Update, In Which We Learn That The North Threatens With Many Additional Attacks

Tyler Durden's picture




 

While CNBC (well, Erin Burnett) is looking at the Kospi and is amazed how the index did not move after it had closed before the military exchange last night, the latest from Yonhap is that the tension in Korea is far from diffused: "North Korea threatened to continue "merciless" strikes on South Korea on Tuesday after the communist state launched a deadly artillery attack across their western sea border. In a statement carried by the official Korean Central News Agency, the North's top military command accused the South Korean military of initiating the exchange by shooting toward its side." Of course, South Korea refuses to demonstrate that it continues to be utterly toothless and issues the following statement: "President Lee Myung-bak ordered his military Tuesday to strike North
Korea's missile base around its coastline artillery positions if it
shows signs of additional provocation, his spokeswoman said." Luckily, Jim Cramer is now expecting both Koreas to sit down for a friendly turkey dinner in a few days in the mine field in the middle of the DMZ, and diffuse the situation.

Elsewhere, BBC reports that there was an explosion next to the MI6 building in London.

BBC News is currently reporting that a controlled explosion has taken place near the MI6 building at Vauxhall Cross. Vauxhall Bridge and the Tube and rail station have been evacuated and closed. There are also reports that the objects being destroyed are bicycles.

Time to bring up that so faithful Hugh Hendry piece of advice: "I would recommend you panic."

 

 

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Tue, 11/23/2010 - 11:02 | 749229 snowball777
snowball777's picture

You didn't think the IRA would put bombs in Eire, do ya?

Tue, 11/23/2010 - 11:06 | 749249 Sudden Debt
Tue, 11/23/2010 - 11:11 | 749275 66Sexy
66Sexy's picture

war is bullish. no interest rate hikes. now all we need is a dismal black friday and its party time!

Tue, 11/23/2010 - 11:17 | 749303 Gaston
Gaston's picture

Woah, talk about your krpytonite, why didnt they use those in the Superman movies? Looks like the real deal.

Tue, 11/23/2010 - 13:11 | 749710 CPL
CPL's picture

Hopefully it doesn't have any seimens chipsets on it.  STUXNET will be all up in that bitch in a matter of minutes as soon as it comes online.

Tue, 11/23/2010 - 11:03 | 749232 Aductor
Aductor's picture

I wouldn't make too much out of the Korean incident. But of course, it serves the MSM and Goldilock crowd to focus on that story rather than on the really scary one: Europe on the brink.

Tue, 11/23/2010 - 11:10 | 749269 Sudden Debt
Sudden Debt's picture

Everybody knows this crisis will only end when we get a nice big war.

Korea will do fine :)

BOMBS AWAY!!

Tue, 11/23/2010 - 11:15 | 749292 Aductor
Aductor's picture

My bet is on Iran. Oil, a regional power, benefits of scale (with Iraq and Afghanistan nearby). North Korea? Nah.

Tue, 11/23/2010 - 11:24 | 749317 Sudden Debt
Sudden Debt's picture

We've already got a sandbox in Iraq.

Let the Jews handle Iran.

DON'T MESS WITH THE ZOHAN BITCHEZ!!

Tue, 11/23/2010 - 12:39 | 749605 Heavy
Heavy's picture

http://www.youtube.com/watch?v=DyQkGBYqCe4

 

YouTube search reveals that this guy needs a comment.

 

Cake - I Bombed Korea

Tue, 11/23/2010 - 11:29 | 749347 bigdumbnugly
bigdumbnugly's picture

"North Korea threatened to continue "merciless" strikes on South Korea on Tuesday after the communist state launched a deadly artillery attack across their western sea border."

 

didn't NK threaten merciless strikes on Hawaii just a few months ago too?  and California?  and who knows what else? 

Tue, 11/23/2010 - 11:36 | 749384 tmosley
tmosley's picture

Yeah, but they didn't actually do it.

This is different.

Tue, 11/23/2010 - 11:52 | 749476 bigdumbnugly
bigdumbnugly's picture

south korea then threatened to bomb NK's lights out in retaliation, but after looking at the google map at night they figured somebody else already did.

http://markhumphrys.com/Bitmaps/north.korea.night.2.jpg

Tue, 11/23/2010 - 12:08 | 749526 Cruel Aid
Cruel Aid's picture

N Korea is a very green country. They simply want nuclear power during the day.

Tue, 11/23/2010 - 12:32 | 749586 A Nanny Moose
A Nanny Moose's picture

Plankton in the nearby ocean are producing more light. Could be swamp gas.

Tue, 11/23/2010 - 11:36 | 749383 breezer1
breezer1's picture

how did they get them to start shelling. a distraction like this must have cost them at least a years supply of twinkies.

Tue, 11/23/2010 - 17:22 | 750559 chinaguy
chinaguy's picture

This is NOT about north & south Korea. THIS IS ABOUT CHINA AND THE USA.

1.Korea is essentially a vassal state of China.

2. Pyongyang would never have made this move without some sort of "understanding" with the PRC.

3. The real question is: What does China hope to gain from this move...and are the idiots in the State Dept smart enough to recognize this for what it is & respond accordingly?

Tue, 11/23/2010 - 11:08 | 749235 4shzl
4shzl's picture

"There is no substitute for victory."

                                -- Douglas MacArthur (in a 1951 letter to the Republican leader in the House of Representatives, critical of President Truman's limited-war strategy)

Tue, 11/23/2010 - 11:24 | 749324 snowball777
snowball777's picture

Tell it to the kids you left behind at Corregidor, motherfucker.

Tue, 11/23/2010 - 12:20 | 749568 Cardinal Fang
Cardinal Fang's picture

"They Were Expendable"

Tue, 11/23/2010 - 15:52 | 750231 Calmyourself
Calmyourself's picture

Actually wasn't that quote about victory uttered right after he crushed the Bonus Army?  Amazing how he and Patton were able to become national heroes after that disgrace.  By the way, the name of the game for the norks is and always will be regime survival.  They may be unbalanced but they know if one 152 mm round touches Seoul their regime is over.  Oh sure, there will be many dead and those cave emplaced arty and rockets will wreak massive damage but the regime will be over.  Hence, the fun is about over unless China has given guarantees of their sovereignty in exchange for further saber rattling. 

Tue, 11/23/2010 - 11:05 | 749239 Oh regional Indian
Oh regional Indian's picture

Escalation....

Somehow never this would be the mix of character's doing the escalating.

And how do you classify something as a controlled explosion? That verbiage itself is very very suspicious.

Panic time indeed, a controlled panic please...

ORI

http://aadivaahan.wordpress.com

Tue, 11/23/2010 - 20:07 | 750953 RECISION
RECISION's picture

how do you classify something as a controlled explosion?

It is a bomb disposal technique. You put a small explosive device along side a suspected bomb, and then set it off when you want to. That means you get to decide when it goes. And sometimes if your trigger device works properly, it will destroy the bomb without initiating it (no guarantees on that though).


Tue, 11/23/2010 - 20:11 | 750960 RECISION
RECISION's picture

p.s.

I thing dissembling is the word you want too, not verbiage.

Tue, 11/23/2010 - 11:06 | 749243 unky
unky's picture

this news is responsible for +20$ intraday gold spike?

Tue, 11/23/2010 - 11:06 | 749244 doomandbloom
doomandbloom's picture

is this something that was discussed during Obama's recent visit?

Tue, 11/23/2010 - 11:06 | 749246 ZippyBananaPants
ZippyBananaPants's picture

Tue, 11/23/2010 - 11:07 | 749250 IrishSamurai
IrishSamurai's picture

Evidently the NORKS and SORKS are going to be staging a mass viewing of "Grown Ups" via NFLX ...

The !!%!@&!%@ stock is up another $3.00 in the face of this news.

Only in America.

Tue, 11/23/2010 - 11:08 | 749255 ZippyBananaPants
ZippyBananaPants's picture

Tue, 11/23/2010 - 11:09 | 749263 YHC-FTSE
YHC-FTSE's picture

New! Joo Janta 200 Super-chromatic Peril Sensitive Glasses for Sale! Only $3.99Billion each

 

Reason for sale: Don't need them any more - I read ZH

Tue, 11/23/2010 - 11:10 | 749265 Newsboy
Newsboy's picture

MI-6 blew up a suspicious package, and retrospectively determined that it was a turkey sandwich.

Tue, 11/23/2010 - 11:27 | 749333 Sudden Debt
Sudden Debt's picture

yeah... but they promised to pay me back for that one. 4.5£

 

the actual discussion is about the fact that they say the sandwich didn't have extra dressing on it, and I SAY IT DID!!

+ 50 cents BITCHEZ!!

 

Tue, 11/23/2010 - 11:10 | 749266 Thomas Hoenig
Thomas Hoenig's picture

jimbo cramer the peace maker. look at him try to front run korean peace talks. 

Tue, 11/23/2010 - 11:27 | 749340 snowball777
snowball777's picture

Oh please say we're gonna drop him in the DMZ.

Tue, 11/23/2010 - 11:29 | 749345 Sudden Debt
Sudden Debt's picture

I've heard Kim Jong Ill had wired his nuclear weapons on Cramers red button.

FIREWORKS BABY!

Tue, 11/23/2010 - 11:15 | 749294 MeTarzanUjane
MeTarzanUjane's picture

You have to love the look of the NWO enforcement building.

http://news.bbcimg.co.uk/media/images/50115000/jpg/_50115152_000042479-1...

Impressive.

Tue, 11/23/2010 - 11:45 | 749432 deez nutz
deez nutz's picture

was it built with Lego's????

Tue, 11/23/2010 - 11:10 | 749268 ZackAttack
ZackAttack's picture

Let China, Japan and South Korea sort it out. This is fuck-all our fight.

Tue, 11/23/2010 - 11:24 | 749325 mrgneiss
mrgneiss's picture

"Let China, Japan and South Korea sort it out. This is fuck-all our fight."

Wow, have you ever even cracked open a history book?

The last time we let them try to sort it out, Dec 7 1941 was the result.

The level of ignorance on here is just stupendous at times.

Tue, 11/23/2010 - 11:32 | 749365 YHWH
YHWH's picture

Spoken like a true Neo-Con.

Tue, 11/23/2010 - 11:48 | 749451 Attitude_Check
Attitude_Check's picture

Spoken like a history ignorant idiot.

Tue, 11/23/2010 - 12:08 | 749525 tmosley
tmosley's picture

Spoken like someone who doesn't understand how the US provoked the attack.

If the US hadn't had that fleet, Japan never would have attacked.  The reason for the attack was to prevent the US from interfering with operations to secure oil supplies.  They were forced to take this action after the US embargoed oil shipments to Japan.

Tue, 11/23/2010 - 15:59 | 750263 Calmyourself
Calmyourself's picture

And why did the U.S. embargo oil shipments and other strategic materials?  It was not to force the attack, it was to replace the waning British power in the S. Pacific and attempt to block expansion of a brutal militaristic power ( Nanking).  I understand what you are saying T, but disagree with "provoking" the attack.

Tue, 11/23/2010 - 12:40 | 749608 A Nanny Moose
A Nanny Moose's picture

Fight them over there so we don't have to fight them here?

Is that it? Last I checked we won that war. We applied our national DE-FUCKING-FENSE

Tue, 11/23/2010 - 11:31 | 749359 suteibu
suteibu's picture

Riiiiight.  US economic interests and political influence in Asia are based on military presence in Japan and S. Korea.  The promise to the S Koreans and Japanese is security in return for hosting these bases. 

Unfortunately, there is little the US can or will do without the approval of China...other than all out war.  It's what happens when foreign policy is dictated by GOOG, MSFT, CAT, etc.

Tue, 11/23/2010 - 11:35 | 749378 YHWH
YHWH's picture

I actually think our Asian foreign policy is dictated by how much Chinese poon our business and political leaders gets caught with and can be extorted by the Chinese leadership. 

Neil Bush (GW's brother) anyone?  http://forums.cnet.com/7723-6130_102-4066.html

Tue, 11/23/2010 - 11:41 | 749413 suteibu
suteibu's picture

And Clinton got nothing for all he gave China?  It's the political class...all of it, not just right, not just left.  Get it?

Tue, 11/23/2010 - 11:45 | 749435 YHWH
YHWH's picture

*sigh*  I forgot the partisanship on this forum.  OK, to make you feel better... I'm sure Clinton got plenty of Chinese poon... and I'm sure Gore got some Chinese buddhist nun poon too.

Feel better?

Tue, 11/23/2010 - 11:49 | 749456 suteibu
suteibu's picture

Actually, I could give a rats ass about partisanship.  You dropped the "neo-con" comment.

Giggity.

Tue, 11/23/2010 - 11:50 | 749464 Attitude_Check
Attitude_Check's picture

Saying that BOTH the Dumbocrats and Rethuglicans are corrupt is PARTISAN? - you really are an idiot.

Tue, 11/23/2010 - 11:11 | 749273 MeTarzanUjane
MeTarzanUjane's picture

You cannot have a day like today without a little Rally Monkey.

http://www.youtube.com/watch?v=EmfE4KAZicY

Tue, 11/23/2010 - 11:13 | 749282 goldmiddelfinger
goldmiddelfinger's picture

Buyable dip? Black Tuesday anyone? LOLOLOl

Tue, 11/23/2010 - 11:16 | 749288 goldstandard
goldstandard's picture

Not sure about anyone else, but the worlds monetary problems sure remind me of the run up to WWII. How do you get out of a depression? Start a war and one that has a monetary backdrop to it. A couple of summers ago a Chinese sub rises right next to an American aircraft carrier during Pacific war game and we never even knew it was there. Fast forward to a couple of weeks ago and a missile rises out of the Pacific and one out of the Atlantic and they just happen to show up when Bernanke decides to move forward to QE2.

Ireland is broke, so is Greece, Portugal, Spain, Iceland and you can throw in the US ( technically ) along with 48 out of fifty states. As helicopter Ben keeps printing dollars, China continues to get pissed and tells its step child NK to lob a few bombs on SK. That should get Ben's attention.

I can't remember the name of the master neo con that made the statement, " nothing happens in this world unless we want it to happen", I just have a funny feeling that all of this bullshit is pre planned. That at some point in the not too distant future, the fiat system will collapse and a new one backed by precious metals will arise. Might sound crazy, but after nearly 100 years, the experiment known as the Federal Reserve is an abject failure and its time to be put out to pasture is long overdo.

Tue, 11/23/2010 - 11:31 | 749358 YHC-FTSE
YHC-FTSE's picture

If you change, "China continues to get pissed and tells its step child NK to lob a few bombs on SK. That should get Ben's attention." to "US continues to divert attention and tells its step child SK to lob a few bombs on NK. That should get China's attention and prepare the public for another "justified" war.",  I would have the exact same eerie feeling.

In the end, in any major conflict or event, you have to ask yourself who benefits the most? The one who benefits the most is usually the instigator.
Tue, 11/23/2010 - 13:18 | 749728 Heavy
Heavy's picture

Still too one sided, both sides may be looking for a proxy war for their own reasons.  Hell, I'm thinking some of our on going wars reflect an east west conflict.  China, Russia, India are central to the east. US, NATO, Europe are in it for the west.  It will be a war for control of the global monetary system (like previous world wars).  The conflicts between these two spheres will be sever.   Someone here is going to say "India?  The don't get along with China!  They don't have to get along, they exist right next to China and China has them overwhelmed, India has to manufacture and industrialize its way out, or start selling marijuana like Mexico.  The relationship between Mexico and the U.S. is similar to that of India and China is some ways.

 

Russia - Invested in Iran.  U.S. lost past investments in Iran to revolution.

China - Invested in North Korea.  Iran is a past location of a China - U.S. proxy war.

India - Pakistan conflicts.

Africa - China's buying into resources.  U.S. is broke.  Europe is too.

 

Sorry I got distracted researching central banking in Venezuela, and forgot what I was working on in this post, I've got too much to say on that and am just going to end with...

Anybody got some more to add to my list? 

 

Tue, 11/23/2010 - 16:01 | 750272 Calmyourself
Calmyourself's picture

Gs,

Unless my dates are wrong the Kitty Hawk surprise and the "contrail" off CA were on the same calendar day were they not?

Tue, 11/23/2010 - 11:15 | 749291 Cognitive Dissonance
Cognitive Dissonance's picture

BBC News is currently reporting that a controlled explosion has taken place near the MI6 building at Vauxhall Cross. Vauxhall Bridge and the Tube and rail station have been evacuated and closed. There are also reports that the objects being destroyed are bicycles.

Interesting term. Controlled as in by human hand? As opposed to throwing sticks of dynamite in a fire and waiting for mother nature to do the ugly deed? Or how about BP in the Gulf of Mexico? Was that a "controlled explosion"? Does controlled mean with intent?

Tue, 11/23/2010 - 11:18 | 749304 MeTarzanUjane
MeTarzanUjane's picture

MI6 blew up a lunchbag found outside their building. It was on fire and had dog shit in it dummy.

Tue, 11/23/2010 - 11:20 | 749309 Dr. No
Dr. No's picture

It is a fringe group, fed up with the Greens, using violence against bicycles in an attempt for people to use cars again.  Look for "Whale Wars" with a reverse perspective coming to FOX.

Tue, 11/23/2010 - 11:54 | 749484 Big Corked Boots
Big Corked Boots's picture

Finally - a use for my Ford Excursion.

Tue, 11/23/2010 - 13:43 | 749810 Thanatos
Thanatos's picture

I thought someone noticed all the "this bike is a pipe bomb" stickers...

It's a band y'know... Named "This bike is a pipe bomb"... Subversive types put their stickers on bicycles...

Could be... Just sayin'

Tue, 11/23/2010 - 11:21 | 749315 Ninja Report
Ninja Report's picture

"Controlled" as in found a suspicious package and intentionally blew it up.

Tue, 11/23/2010 - 11:25 | 749330 Cognitive Dissonance
Cognitive Dissonance's picture

I know. I was having fun with the term while making some waves. I see you brought your wet suit. :>)

I always enjoy reading the King's English straight from the King's subjects.

Tue, 11/23/2010 - 12:18 | 749559 Biosci
Biosci's picture

...reading the King's English...

You're doing it again, aren't you?

Tue, 11/23/2010 - 12:45 | 749631 fuu
fuu's picture

Such an instigator. =)

Tue, 11/23/2010 - 13:03 | 749691 Cognitive Dissonance
Cognitive Dissonance's picture

The great thing about asking questions on ZH is that you almost always get answers you never considered. While many here are moving in the same general direction, they are not all of the same mind nor are they all classically trained.

That is the magic of ZH. The stew is always rich and filling.

Tue, 11/23/2010 - 16:46 | 750435 RockyRacoon
RockyRacoon's picture

This stew has a dog bone in it.  More favorable talk about war and financial collapse, and gold's advance, has me on the edge of my seat.  That's a good thing I suppose considering the lack of enthusiasm in the populace -- hell, let's call it lethargy.  Too many drugs being dispensed?

Tue, 11/23/2010 - 11:17 | 749300 gwar5
gwar5's picture

This could get ugly over there.

Interesting that the Norks would start shooting during a period of transition of power to the new punk in chief.

Tue, 11/23/2010 - 11:31 | 749356 goldmiddelfinger
goldmiddelfinger's picture

!,000,000 soldiers with nothing to do

Tue, 11/23/2010 - 12:42 | 749619 LFMayor
LFMayor's picture

And nothing to eat, or at least only what the Chinese feed them. 

The best way to screw up NK and their master, China is to let Japan rearm.  That will get some real deep shit stirred up, but good.  All those suppressed, rage-internalized Japanese men will build freakin mecha-godzillas and run buck wild.

Tue, 11/23/2010 - 14:17 | 749900 Jake3463
Jake3463's picture

I've been saying that is the solution to our revaluation of the currency problem all along.

 

Well if you won't float your currency we are going to go broke and we have no choice but to tell the Japanese that we can no longer defend them and they can begin offensive weapon construction.

 

Watch the Yuan float.

Tue, 11/23/2010 - 11:39 | 749396 snowball777
snowball777's picture

Drum up some jingoism for said punk, perhaps?

http://www.youtube.com/watch?v=WC5z4LV7dCY

Tue, 11/23/2010 - 12:42 | 749621 Biosci
Biosci's picture

Not that interesting.  Pretty predictable, really.  Pop off a few rounds, see who supports you and who is hesitant, consolidate control.

It's pretty unlikely that this escalates much further.

Tue, 11/23/2010 - 11:22 | 749321 economessed
economessed's picture

Geithner's got such great diplomatic skills -- why don't we have him call the Chinese and tell them to lean hard on their Norkie neighbors.

Tue, 11/23/2010 - 11:43 | 749423 suteibu
suteibu's picture

He gets laughed at every time he talks to them.  He's probably a bit gun-shy at this point.

Tue, 11/23/2010 - 20:22 | 750974 RECISION
RECISION's picture

Hahaha  :-)

Nice

Tue, 11/23/2010 - 11:26 | 749326 e_goldstein
e_goldstein's picture

hmm, what was that old pwei song from the 80's?

oh yeah...

http://www.youtube.com/watch?v=LNh6v6-fpuI

Tue, 11/23/2010 - 11:25 | 749327 TruthInSunshine
TruthInSunshine's picture

Erin Burnett and CNBS ---> Proving that even total morons can achieve success in Amerika, by certain metrics, after all, so long as they have no conscience.

 

Back to you, Jimmy Jam Cramer.

 

Cramer: "Okay, this Korean thing is a massively bullish development for Kraft, Apple, Cisco and Microsoft <hits Buy! Buy! Buy! sound effects buttons on garish sound panel>, and here's why...."

 

 

Tue, 11/23/2010 - 11:30 | 749351 the not so migh...
the not so mighty maximiza's picture

Boo-yhaaaa  Profit with Cramer

Tue, 11/23/2010 - 11:36 | 749382 YHWH
YHWH's picture

Erin can rub that big nose of hers into your bush while she's shining your rod.

Tue, 11/23/2010 - 11:26 | 749337 Dr. No
Dr. No's picture

I.N.T.E.L.L.I.G.E.N.C.E. tells us the attack is imminent.

Tue, 11/23/2010 - 11:27 | 749338 Number 156
Number 156's picture

Many Questions...

Earlier, I expected SK to try to soften the situation, but can they? Maybe, maybe not.

'I think that Kim's little Pot Bellied spawn is just as indoctrinated as the rest of NK, and thinks his country is unbeatable in a war. Is he now in charge?

Will China allow an all out war to take place over there?

Pro for China: Dollars go up. They have lots of them.

Con for China: ??? 

Tue, 11/23/2010 - 11:31 | 749355 e_goldstein
e_goldstein's picture

Con for China: ???

radioactive glass to their southeast?

Tue, 11/23/2010 - 11:33 | 749366 Number 156
Number 156's picture

Pro for Japan: their Dollars go up too.

Tue, 11/23/2010 - 11:27 | 749342 jbc77
jbc77's picture

How long are the idiot South Koreans just going to sit there and get their teeth kicked? How bout's some sort of response other than just stern words. What a bunch of pussies. They just sit there, have their boat sunk and now their island shelled? WTF??

Tue, 11/23/2010 - 11:50 | 749463 YHC-FTSE
YHC-FTSE's picture

As long as it takes. The N/S divide may have irreconcilable political philosophies, but they BOTH agree on two things: a) They are the same people, bound by family, tradition, language and history. b) They both want a single united Korea.

 

Besides, even though the North's leadership is the last insane Starlinist regime on Earth, whose existence is punctuated by tantrums and begging, a lot of South Koreans know about US False Flag operations and that events could be manipulated by foreign powers aided and abetted by old Langley friends in their own civil services. Give the South Koreans some credit - they are one of the smartest people on the planet.

Tue, 11/23/2010 - 13:34 | 749783 TumblingDice
TumblingDice's picture

Well said. Neither side wants war. This was covered here ad nauseum after the Cheonan incident. Both sides have much greater profit from increased tensions but the absense of war. The North Korean regime continues its excessive military and opprissive rule having shown its "usefulness" the the North Koreans who might by now be the most brainwashed people to ever walk this Earth; the north doesn't want war since it will suffer a horrid annihalation after a brief bombardment of the South. The South itself has little to gain from this attack since its doesn't want war for the aforementioned reasons, except maybe that it opens up room for the opposition party to get their parties in a bunch. and... US can use this chance to play the diplomatic game with China. And we all know how much the US leadership likes to play games.

Tue, 11/23/2010 - 11:28 | 749343 bob_dabolina
bob_dabolina's picture

This is good for +350 DOW points.

Tue, 11/23/2010 - 11:30 | 749352 Sudden Debt
Sudden Debt's picture

for every million civilian deaths.

and if a rocket hits a kindergarden, that adds up another 200 DOW bonuspoints.

Tue, 11/23/2010 - 11:41 | 749411 Cognitive Dissonance
Cognitive Dissonance's picture

Crude

Your comment, the chart or black gold? :>)

Tue, 11/23/2010 - 11:32 | 749364 watmann
watmann's picture

Having spent much time working in Korea let me tell you my analysis of what is really taking place there. It is not what is being reported on TV.

 

Korea is a failed economy. The winter is approaching and Korea lacks core essentials including heating oil. So they send off some rockets and get the US all boiled up. The US gets togerther with South Korea and gets funds form China and South Korea to pernit North Korea to make it through the winter.

 

There is nothing more to it than this. North Korea could not supply an invading army into South Korea.

 

This is happening in part becasue North Korea thinks they can get away with it and secondly because our Country and its leadership is so poorly perceived around the world.

 

Leadership is perceived in two perspectives, military and financial. You decide what you think and you will better understand where we are going.

 

If you go back and study preworld II history and you will fidn the repeat of history

Tue, 11/23/2010 - 11:37 | 749391 goldstandard
goldstandard's picture

Your right. As Mark twain once said, History may not repeat, but it sure does rhyme.

Tue, 11/23/2010 - 11:39 | 749400 YHWH
YHWH's picture

So the South Koreans can blame the US for any S. Korean deaths?  Don't forget... these are the same ingrates who used to have huge riots against US Troop presence not so long ago.  These ingrates used to rob and beat our soldiers on leave, to to point that parts of Seoul were no go zones for our troops looking to release some steam.

We shouldn't even be there.  But since we are, let the S. Koreans make the first move.

Tue, 11/23/2010 - 11:49 | 749459 spongeBOB
spongeBOB's picture

The Norks have nothing to lose. They are being pushed by the US and its proxy the South Koreans. Why the hell would you want to schedule a military excersise a mile from thier borders? As far as its failed economy, thanks to the US and its blockade that is huriting the poor N.Korean citizen as apposed to the regime which diverts all its food and energy supplies to the army and let people starve to death. I saw a doumentary a little while ago about life in N. Korea and it was shocking. Somebody smuggled a movie showing scenes from everyday street life were bodies laid dead on the sidewalks ( I'm guessing from starvation or desease) and people just walking around them and not even being bothered which tells me this is normal everyday life over there.

Tue, 11/23/2010 - 11:40 | 749404 bugs_
bugs_'s picture

Those peaceful communists living in the workers' paradise.

It would really be nice if the war mongering capitalists wouldn't cause the peaceful communists to have to defend themselves against aggressors.

Tue, 11/23/2010 - 11:55 | 749487 spongeBOB
spongeBOB's picture

Here is a novel idea: Leave people alone and let them live thier miserable lives any way they want !

Tue, 11/23/2010 - 12:23 | 749574 Winston Smith 2009
Winston Smith 2009's picture

Unfortunately, that's not in human nature and, consequently, not the nature of governments.

Tue, 11/23/2010 - 11:45 | 749436 Cinfultreat
Cinfultreat's picture

Last time I called my Chinese friend Korean he responded with "don't call me no f*cking pumpkin head" ...pretty sure the differing asian races dont like each other

Tue, 11/23/2010 - 13:07 | 749698 AssFire
AssFire's picture

 Actually they 10+2 economic arrangement that is expanding over there is quite fragile  almost all the countries pissed at China keeping the currency too low.

Call your friend Vientamese.. he will love that.

Tue, 11/23/2010 - 11:51 | 749466 Superdrol
Superdrol's picture

What time will CNBC do their daily pump ?

Tue, 11/23/2010 - 11:51 | 749468 williambanzai7
williambanzai7's picture

Tue, 11/23/2010 - 11:56 | 749493 SheepDog-One
SheepDog-One's picture

Hugh Hendry FTW! Panic, bitchez! Im home today, tried to ride my bike in to work, but it blew up....meanwhile Erin Burnett is the dumbest twat ever.

Tue, 11/23/2010 - 11:56 | 749490 bankonzhongguo
bankonzhongguo's picture

North Korea only exists because China allows it to.  Food, artillery, nuke processing.  These are all gifts from China over the decades to otherwise destabilize the region by proxy.  The country is being handed over to another 26 year old James Bond arch-nemesis.  And China CPS - PLA have no insight/control over this? 

The DPRK is a cult, not a country.  Starve them out. Hold fast. Drive them back with neutron bombs after they attack.  Rebuild the peninsula. Just get it over with.

Tue, 11/23/2010 - 12:12 | 749535 YHC-FTSE
YHC-FTSE's picture

I used to feel the same, but only because they aren't my people, and they are far enough away from me not to feel any danger. Now, I think I have grown out of that sort of infantile and provincial ideas.  

 

Do you know which country contributed the most to North Korea's existence from 1960 to 2000? Not China - It was Japan, probably because with the North's raw materials a united Korea would have been a direct economic competition, blowing Japan into the poorhouse (They did it to themselves in the end anyway). It's China supporting NK these days, but things are a lot more complicated than anyone knows for certain.

Tue, 11/23/2010 - 12:01 | 749502 Terra-Firma
Terra-Firma's picture

War is a policy choice; as are flare-ups. There are definitive reasons for the flare up.  Could be the northern leader to be is flexing his muscle.

 

Tue, 11/23/2010 - 12:04 | 749509 Gimp
Gimp's picture

I say let the South Koreans loose. They would beat the dog out of the North Koreans in less than a week.

How many more decades do we have to put up with this crap?? really pleaseee

Tue, 11/23/2010 - 12:11 | 749532 snowball777
snowball777's picture

Not before all those lovely TV factories were flattened. Get a clue.

Tue, 11/23/2010 - 12:35 | 749596 Cardinal Fang
Cardinal Fang's picture

Always liked this vid:

 

http://www.youtube.com/watch?v=kx47qmsB81k

Tue, 11/23/2010 - 12:05 | 749513 max2205
max2205's picture

When one flat panel TV factory gets destroyed the shits going to hit the fan

Tue, 11/23/2010 - 12:15 | 749544 Silver Bully
Silver Bully's picture

Something that might have triggered this little artillery exchange, from economicpolicyjournal.com, on November 18th:

The Treasury Department today designated Korea Daesong Bank and Korea Daesong General Trading Corporation for being owned or controlled by Office 39 of the Korean Workers’ Party.

As a result of today’s action, any assets of the designated entities that are within U.S. jurisdiction are frozen and U.S. persons are prohibited from conducting financial or commercial transactions with these entities.

BOTTOMLINE - mess with the international thugs' hookers and blow and see what happens.

Links:

EPJ
http://www.economicpolicyjournal.com/2010/11/treasury-hot-on-trail-of-of...

Reuters
http://af.reuters.com/article/energyOilNews/idAFTOE6AH08320101119

Tue, 11/23/2010 - 12:16 | 749550 Superdrol
Superdrol's picture

Sounds like God's work to me.

Tue, 11/23/2010 - 13:23 | 749746 Paul Bogdanich
Paul Bogdanich's picture

"Sounds like God's work to me."

So if Hu Jintao is your God does that make Wen Jaibao your savior?  Just curious.

Tue, 11/23/2010 - 12:21 | 749571 Winston Smith 2009
Winston Smith 2009's picture

Watch the hype, guys:

http://www.bbc.co.uk/news/uk-england-london-11822388

"Police were called to Albert Embankment, near Vauxhall Bridge, and carried out a controlled explosion.

The package was then examined and deemed not to have contained suspicious materials."

Tue, 11/23/2010 - 12:37 | 749601 snowball777
snowball777's picture

Just probing response times to set up an accurate double-whammy later.

Tue, 11/23/2010 - 12:48 | 749637 robertocarlos
robertocarlos's picture

Must.... hold.... 11,000!

Tue, 11/23/2010 - 13:02 | 749658 Weimar Ben Bernanke
Weimar Ben Bernanke's picture

North Korea will never go to war with the south because it know it will get its ass kicked by the south. I have always said that there is no purpose for us having a military base in South Korea. In the event of war south korea can hold and push back a DPRk invasion force. The Republic of Korea Armed Forces has a massive reserve force which will bog down and counterattack an  invasion force. There will be escalation,this was all done by Kim Jr to prove that he is a strongman and can replace his father as leader.

 

However if war does come down the road(15-23 yr from now). China will not enter the war unless the north is facing invasion from South Korea and the US. Other then that China does not want to do nothing with the north. We should just leave that region because the South Korean military is strong enough to defeat north korea in war.


North Korean soldiers suffer from malnutrition and rarely train due to a scarcity of fuel and ammo.  Most North Korean soldiers could not attack because they are needed to defend the entire DMZ and coastal approaches (they remember the 1950 landing at Inchon) while entire divisions must remain throughout North Korea to fend off heliborne offensives, food riots, and probable coups.

      On the other hand, the entire 700,000 man South Korean active duty army can be devoted to the defense of Seoul.  The modern South Korean army is backed by over 5,000,000 well-trained reservists who can be called to duty in hours.  South Korea has twice the population of the North, thirty times its economic power, and spends three times more on its military each year.  South Korean military equipment is first class whereas most of the North Korean military equipment is over 30 years old and much is inoperable due to a lack of maintenance.  If war broke out, South Korea has a massive industrial capacity and $94 billion in foreign currency reserves to sustain a war, while North Korea has no industry and no money.  As a result, South Korea is roughly five times more powerful than North Korea.

     If North Korea insanely attacked, the South Koreans would fight on mountainous and urban terrain which heavily favors defense, and complete air superiority would shoot up anything the North Koreans put on the road.  Assuming the North Koreans could start up a thousand of their old tanks and armored vehicles, they cannot advance through the mountainous DMZ.  The South Koreans have fortified, mined, and physically blocked all avenues through these mountains, and it would take North Korean infantry and engineers weeks to clear road paths while under fire.

     The North Korean military could gain a few thousand meters with human wave assaults into minefields and concrete fortifications.  However, these attacks would bog down from heavy casualties, and a lack of food and ammo resupply.  Fighting would be bloody as thousands of South Korean and American troops and civilians suffer from North Korean artillery and commando attacks.  Nevertheless,  the North Korean army would be unable to breakthrough or move supplies forward.  Even if North Korea magically broke through, all military analysts scoff at the idea that the North Koreans could bridge large rivers or move tons of supplies forward while under attack from American airpower.    The Korean conflict is over, but Cold War warriors refuse to accept this reality because they need a “threat.” So we shouild end this idea that we need to be globocop. All these military bases around the world,and wars in the mideast are bankrupting us as a whole.

And the bases we have in Iraq  in the event of an Iran war will become easy targets for Iran's and Syria's scud C and D missile and our troops wil have their supply lines cut from  shia militias armed with MANPADs from iran to shoot down helicopters.And out troops would be surrounded by the shia majority and face a battle fo Mogadishu on an even grander scale. So yeah we could face an Adrianople in an Iran war. 


Tue, 11/23/2010 - 13:11 | 749712 AssFire
AssFire's picture

I don't know why you were junked seems spot on to me...but what do I know.

Since changing my avatar all I seem to get is my junk junked.

Tue, 11/23/2010 - 13:28 | 749755 Paul Bogdanich
Paul Bogdanich's picture

While I did not flag him as "junk" his analysis is sophmoric.  For the last 30 years Americans have been financializing their economy and exporting their manufacturing.  Today a lot of that manufacturing capacity is in South Korea and Taiwian.  If Production in either region is disrupted for whatever reason we can't resuply anything.  We would run out of mundane items like resistors, fets, capacitors, batteries, stuff like that.  We would be limited to current inventory only and could easily be attritted down to the point of incapacity for long-range power projection.  This is not a fotball game there guys.  Even if you "win" and you industrial capacity is disrputed or damaged you lose.

Tue, 11/23/2010 - 14:26 | 749939 Weimar Ben Bernanke
Weimar Ben Bernanke's picture

I agree with you that our industrial base is no longer  existent. I was just stating that we do not need to have bases in south korea because they can do the job by themselves and we do not have be bogged in another war in mainland asia. I personally beleieve we do not need military bases around the world because it is bankrupting just as past superpowers. All I said is if the DPRK invades South Korea they can bogg down those forces and do a counterattack without us being involved. And my last paragraph states that war with Iran would lead to an American Adrianople in iraq because: 

Iran will fire scores of Shahab,Scud C and D missiles at the green zone. The green zone will become an ashheap by the fire week of war.

The Iraqi Army and Police will defect to the shia militias and kill scores of US soldiers.

The Shia militias will go ape shit. They will cut the supply lines from Kuwait to baghdad.

The rev Guards will cross the border and supply the militias with MANPADs and fight along side them. The militias will seige the US forces. The sunnis will also join in by attacking the marines in anbar.

And any retreating convoy into Turkey will be hit with missiles to stop the retreat.

Tue, 11/23/2010 - 12:58 | 749669 peaches
peaches's picture

...and while the sh*t hits the fan, the uber-journalists at CNN want to make sure we know that the jawbone wasn't Natalie Holloway's.  I can't wait until the breaking news feed that Bristol Palin won Dancing with the Stars.  Screw'em!  I bought gold and silver a long time ago!

Tue, 11/23/2010 - 13:06 | 749696 Paul Bogdanich
Paul Bogdanich's picture

If one takes the perspective that perdictible consequences constitute demonsterable evidence of intent then this North Korean action was most likely orchestrated or at least facilitated by the Chinese.  Kind of like when Israel does anything provocative we were either in support or acquiesced.  Anyway they just came away from the G20 warning about the "hot dollar" effects of QE2 e.g. the USDJPY arbitrage and just a week later the JPYUSD collapsed as a proximate consequence of North Korean action.  Way too convenient.  hey are not to be trifled with.    

Tue, 11/23/2010 - 13:09 | 749706 walcott
walcott's picture

Merciless bitchezz...

Tue, 11/23/2010 - 13:30 | 749760 PolishHammer
PolishHammer's picture
QE2 money in Faux Taliban's hands  Taliban Leader in Secret Talks Was an Impostor

“It’s not him,” said a Western diplomat in Kabul intimately involved in the discussions. “And we gave him a lot of money.”

http://www.nytimes.com/2010/11/23/world/asia/23kabul.html?_r=1

 

Tue, 11/23/2010 - 13:35 | 749787 Thanatos
Thanatos's picture

Now would be a good time to:

Fill up your gas tank(s)

Get and extra food, smokes, booze, meds and whatnot

The consequences of our collective tollerance of shit-for-brains leadership will be felt by all.

Remember the "contrail"... You still think it was a Jet Plane?

I would bet that the mushroom cloud in our future will be blamed on a malfunctioning power reactor or at least pronounced as "Not a Threat".

 

Tue, 11/23/2010 - 13:39 | 749800 RickyNJ
RickyNJ's picture

I met a South Korean Officer while in College, he was a very nice kid, about 26

year old at the time like myself.  He told me unhesitatingly and matter-of-factly

that each North Korean soldier is equivallent to 3 South Korean soldiers.

Tue, 11/23/2010 - 13:55 | 749840 Sespian
Sespian's picture

And now South Korea finally admits they were the one who threw the first punch in the sand box.  Of course it was only meant to be a training exercise...whatever that means..."duh sorry, I was only practicing shooting at you and didn't MEAN it?"

http://www.youtube.com/watch?v=O33sfN00oDk

Tue, 11/23/2010 - 15:38 | 750175 hugomarch
hugomarch's picture

Re: the Korean peninsula and who fired first...

I never for the life of me thought that in my search for the truth, I would be getting a portion of my news (RT.com) from the land of Pravda and Izvestia!  I can only endure CNBC for a minute at a time now.  I can't even imagine a world with no internet access to grass roots investigative journalism.  Go Max Keiser, Gerald Celente, Michael Hudson, Catherine Fitts,  Damon Vrabel, Peter Schiff, Naomi Wolf, Zero Hedge and yes... even Jim Rogers! :)

Tue, 11/23/2010 - 21:33 | 751075 YHC-FTSE
YHC-FTSE's picture

RT is pretty good, but ZH (from my posts) is even better.

 

Whilst every news agency was publishing bullshit and lies, I posted the low down:

http://www.zerohedge.com/article/north-korea-attacks-south-korea-yellow-sea-island-south-korea-highest-non-wartime-alert-resp#comment-749006

 

And now they're all changing their stories. 

Tue, 11/23/2010 - 19:06 | 750846 Problem Is
Problem Is's picture

Silly North Koreans...
Obummer will rain ink jet cartridges and crotch bombers with matches down on your sorry axis of evil asses...

Do NOT follow this link or you will be banned from the site!