This page has been archived and commenting is disabled.

North Korea Parliament To Hold Rare Second Annual Session Monday, Major Announcement Expected

Tyler Durden's picture


Adding to the already tense and riskoffish environment heading into Monday, is the news from Reuters that North Korea's parliament will hold a "rare second annual session on Monday." While the reason for the extra session is unknown, "analysts said the North could use the extra session of the Supreme People's Assembly to make a major announcement on personnel changes or power succession, or to issue a hardline response to sanctions imposed by the South over the ship sinking." With China still pending in its firm response toward the recent North Korean provocation, will this be the enablement signal that allows Pyongyang to test just how much further it can push the international community? The quandary of dealing with Korea was best recapped by Robert Gates, who was earlier quoted by Yonhap: "As long as the regime doesn't care about what the outside world thinks
of it, as long as it doesn't care about the well-being of its people,
there is not a lot you can do about it, to be quite frank, unless you
are willing at some point to use military force
. And nobody wants to do that." The main problem with Gates' argument is that in attempting to explain the behaviour of an irrational actor he assumes North Korea will come to the rational conclusion. The world may know within 24 hours if he is in fact wrong.

More from Reuters:

Analysts said the North could use the extra session of the Supreme People's Assembly to make a major announcement on personnel changes or power succession, or to issue a hardline response to sanctions imposed by the South over the ship sinking.

Many analysts say neither side is ready to go to war but also see the possibility of more skirmishes at their disputed sea border off the west coast or along the heavily armed DMZ land buffer that could flare up into a major fight.

Some analysts said the parliamentary session could also mark the 10th anniversary of a summit between the two Koreas by formally overturning pledges of reconciliation made then.

North Korea has called Seoul's move to refer it to the Security Council an "unforgivable act of grave provocation."

The Supreme People's Assembly is the North's rubberstamp parliament, and approves new laws, personnel changes and economic policy initiatives as a formality after they have been formulated by the leadership.

Keep a close eye on the Kospi as the night progresses.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sun, 06/06/2010 - 22:18 | 398769 Fred Hayek
Fred Hayek's picture


Put your dog on a leash.


The World

Sun, 06/06/2010 - 22:22 | 398781 Mitchman
Mitchman's picture

You mean curb your dog.

Mon, 06/07/2010 - 02:05 | 399093 Reductio ad Absurdum
Reductio ad Absurdum's picture

Tyler Durden, the quality of your site has been plummeting lately as you let it get overrun by islamofascists and conspiracy theorists. Those people have plenty of other sites to spew their bullshit on, you don't need to let them hijack your financial blog.

Mon, 06/07/2010 - 03:16 | 399122 Ethics Gradient
Ethics Gradient's picture

Taking a holistic approach to world issues helps to understand market behaviour.

Introducing some common sense and well thought out analysis to the confused is a positive and rare thing.

That said, I do agree that there's a fair amount of irritating poorly thought out comment.

On a seemingly unrelated note, after reading the site's disclosure policy, I think I'm going to have to watch Fight Club again....

Mon, 06/07/2010 - 03:36 | 399133 akak
akak's picture

Ooh, it's the Islamo-fascist boogeyman!  Quick, let's invade another raghead nation!  Yeah, imperialism to the rescue!

It looks like somebody's been overdosing on Bill Kristol and FOX "News" (sic).

Sun, 06/06/2010 - 22:29 | 398800 Dingus
Dingus's picture

Sure.  In the US of A you can say anything you want.

Sun, 06/06/2010 - 23:41 | 398940 Clancy
Clancy's picture

Unless it's about Israel.


lol that comment flagged as junk 9 times.  You may call NK a dog you may not call Israel a dog.  Israel better, Israel is special.

Mon, 06/07/2010 - 01:27 | 399072 thisandthat
thisandthat's picture

Israel is retarded - you can't say anything about them or the Attention Deficit League will come after you.

Mon, 06/07/2010 - 11:56 | 399720 assembler
assembler's picture

There is more than enough antisemitism to go around, thank you.

Sun, 06/06/2010 - 23:49 | 398964 percolator
percolator's picture

According to Dr. Paul Craig Roberts the USA is Israel's dog:


Mon, 06/07/2010 - 00:36 | 399021 zen0
zen0's picture

With all due respect to Dr. Paul Craig Roberts, the recent U.S. decision to renege on the 60 year old treaty to not focus on Israeli nukes would suggest that the U.S. has slipped the leash, and is defecating on the flower beds of Mid east security.

Mon, 06/07/2010 - 00:31 | 399014 merehuman
merehuman's picture

Me XMan, sorry about the junking jerks who dont have the guts to say why.....  racial enmity and confusion. Seems Israel may have some control over USA policy.  Altho its true in practice there is fear of telling the truth in the USA. We have out sourced all our freedom and our rights were sold long ago.  Oh.. ahem whose slave are you ?

Mon, 06/07/2010 - 00:48 | 399040 zen0
zen0's picture

Israeli concerns may have some influence over U.S. policy?

Do Saudi Arabian concerns have any influence over U.S. policy?

Why not complain about that?

An Empire has issues that are related to its subjects. They lobby, o.k.?








Sun, 06/06/2010 - 23:50 | 398970 johngaltfla
johngaltfla's picture

Unless of course NK and China are holding an assload of June SPY 90 puts. Then they may go for it.

Mon, 06/07/2010 - 00:56 | 399047 Hedge Jobs
Hedge Jobs's picture

rumour out of China is that US sank SK's ship as a false flag to bring heat on NK and provide support for US milatatary base on okinawa which many within Japan want closed down.

The US wouldnt do something like that would they?

Mon, 06/07/2010 - 01:30 | 399073 thisandthat
thisandthat's picture

Of course not, baby - now go to sleep.

Mon, 06/07/2010 - 01:57 | 399092 Reductio ad Absurdum
Reductio ad Absurdum's picture

You both deserve to live in the worker's paradise of North Korea. See, everything you've been told about your life is a lie--the cars you see on the roads, the skyscrapers in the cities, the fancy TV's and computers, the inexpensive food in the supermarkets, the lack of diseases like polio and smallpox, the freedom of information on the internet, it's all lies! North Korea is where all the really free people live. And once you see the standard of living they have, you'll realize how truly poor you are.

Mon, 06/07/2010 - 02:57 | 399119 Al Gorerhythm
Al Gorerhythm's picture

Didn't you just bitch about the site being hijacked by political posters? Sucked in mate.

Mon, 06/07/2010 - 03:30 | 399128 thisandthat
thisandthat's picture

Machiavelli, is that you?

Mon, 06/07/2010 - 03:34 | 399131 George the baby...
George the baby crusher's picture

You're funny.

Mon, 06/07/2010 - 01:24 | 399068 thisandthat
thisandthat's picture

In this case, the dog seems to have been South Korea - and they just pooped on the carpet with their phoney attack claim.

Shame is on the US for not taking them for a walk.

Mon, 06/07/2010 - 08:00 | 399294 ciao
ciao's picture

North Korea is regarded in diplomatic circles globally as being rational, frighteningly rational in point of fact.   ZH could do with an experienced foil on foreign policy issues.  the Russians are looking at the wreck.  If the Russians look worried afterward then we can be worried that it has been a false flag attack.  If it were to be then North Korea acting rationally in response is the biggest danger to all.  Look what they did with nuke/missile tests and profileration last time the US broke the signed deal and didn't release their cash.

Sun, 06/06/2010 - 22:21 | 398779 Mitchman
Mitchman's picture

Just another sleepy Sunday here in the Old West.

Sun, 06/06/2010 - 22:26 | 398791 Turd Ferguson
Turd Ferguson's picture

Gonna be a very very interesting week.

Sun, 06/06/2010 - 22:29 | 398794 DeweyLeon
DeweyLeon's picture

Man, just think how much better our country would be if congress only met once a year!

Mon, 06/07/2010 - 07:19 | 399256 Ivanovich
Ivanovich's picture

They'd probably get more done!

Sun, 06/06/2010 - 22:29 | 398796 buzzsaw99
buzzsaw99's picture

Of the usa I might say:

As long as the klepto-fascist regime doesn't care about what the outside world thinks of it, as long as it doesn't care about the well-being of its people, there is not a lot you can do about it, to be quite frank, unless you are willing at some point to have a guillotine party on the steps of crapitol hill.

Sun, 06/06/2010 - 22:58 | 398850 sushi
sushi's picture

Change it to klepto-farcist regime and ding ding we have a winna!!

Sun, 06/06/2010 - 22:29 | 398801 MichiganMilitiaMan
MichiganMilitiaMan's picture

Maybe the U.S. Congress and Senate could meet only one time per year for their usual rubberstamping activities, and two times per year for special announcments and proclamations.  It might be cheaper!

Sun, 06/06/2010 - 23:10 | 398861 Ragnar D
Ragnar D's picture

Couple this with Robert Heinlein's suggestion in "The Moon is a Harsh Mistress" to have a branch of government whose sole task it is to repeal bad laws.


Have them work 14 hour shifts, 6 days a week to balance Congress' single session.

Mon, 06/07/2010 - 05:38 | 399197 StychoKiller
StychoKiller's picture

The Ancient Greeks had a better method of dealing with this issue:

Anyone wishing to propose a new law had to do so while standing on a public
platform with a rope around their neck. If the law was passed, the rope was
removed. If the law was voted down, the platform was removed.


Sun, 06/06/2010 - 22:32 | 398803 trillion_dollar...
trillion_dollar_deficit's picture

If a war does break out and the west lays ruin to Pyongyang, then I hope they at least spare the Ryugyong Hotel. Would be an awesome place to visit after the country is democritized.

Sun, 06/06/2010 - 22:39 | 398812 hack3434
hack3434's picture

That building is a death trap... 

Sun, 06/06/2010 - 23:08 | 398869 Ragnar D
Ragnar D's picture

That's just your bourgeoisie bias.

How decadent of you to expect non-crooked elevators and load-bearing concrete!

Sun, 06/06/2010 - 22:32 | 398804 DoChenRollingBearing
DoChenRollingBearing's picture

Oh great.  Ayatollah Whackos and North Korean Whackos.  Who's next?  Hugo Chavez?

Who among you, my brethren, will defend the North Koreans as you have the Palestinian Gazans...?

Sun, 06/06/2010 - 22:56 | 398845 Muir
Muir's picture




"Who's next?  Hugo Chavez?..."



Another War Will Be Required to Burn $13 Trillion of USA’s National Debt


USA has two options to save its economy: declare default or trigger off war



 fell better?

Sun, 06/06/2010 - 23:16 | 398885 DoChenRollingBearing
DoChenRollingBearing's picture

War?  I don't want any stinking war!

You need to read more than Pravda.  Russia is not our friend, even if Russia covers news our MSM will not.

ALL we have to do is credibly start spending less money!  It's obvious!  Government spending and debt is the root cause of our perilous situation (although, as I have pointed out in other threads, the Fed, Fan & Fred, GS, Wall St. fraudsters, etc. have all had a hand in this).

This can be done, but we will not likely do it because America's citizenry is not up to the task of electing real adults who will do what is necessary (spend less .gov money).

Sun, 06/06/2010 - 23:21 | 398894 Muir
Muir's picture


sarcasm challanged?

Sun, 06/06/2010 - 23:01 | 398854 Ragnar D
Ragnar D's picture

Apples and oranges.


Going after Korean terrorists isn't raciss because Asians aren't "real" minorities and therefore are not more equal than others.  They're more like Jews--open season.


The bright side is, we're allowed to make all the Asian jokes we want!

Mon, 06/07/2010 - 00:46 | 399037 merehuman
merehuman's picture

LOL  right, nothing makes sense anymore

Mon, 06/07/2010 - 03:43 | 399137 akak
akak's picture

"Going after Korean terrorists isn't raciss because Asians aren't "real" minorities and therefore are not more equal than others.  They're more like Jews--open season."

And by "Asians" you of course mean "Orientals".

Why not call a spade a spade?  What is with this pussyfooting, politically-correct "asian" thing lately?  Israelis and Arabs and Indians and Turks are "Asians" too, for God's sake!  Or is that too much to expect from geographically-challenged Americans ("New Worlders")?


Mon, 06/07/2010 - 04:50 | 399177 Ragnar D
Ragnar D's picture

Speaking of sarcasm-challenged:

"flag as junk (5)"

Sun, 06/06/2010 - 23:43 | 398949 Clancy
Clancy's picture

Zionist whackos.

Mon, 06/07/2010 - 00:38 | 399023 merehuman
merehuman's picture

Dont forget our own domestic terrorists. We want favorable mention tho we have not yet begun to fight or have a brand name.

I need a airplane to run into the fed bldg. please donate  lol

see its funny because no one has the balls to get shot at and we all know it, so we laugh it off.  But soon it aint gonna be funny anymore.

Sun, 06/06/2010 - 22:34 | 398807 Trimmed Hedge
Trimmed Hedge's picture

"Keep a close eye on the Kospi as the night progresses."


And keep $elling that fear, baby!

Sun, 06/06/2010 - 23:49 | 398968 clickjaw
clickjaw's picture

Keep denying reality, baby!

Sun, 06/06/2010 - 22:40 | 398815 John McCloy
John McCloy's picture

People selling the "first" Florida Tar Ball on Ebay.

"Ohsaycan you see, by the dawn's early light"

Sun, 06/06/2010 - 22:42 | 398822 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Gates, you would love a war.  Shut up.

Sun, 06/06/2010 - 22:47 | 398830 zen0
Sun, 06/06/2010 - 22:56 | 398846 Turd Ferguson
Turd Ferguson's picture

There's so much information, misinformation and disinformation out there, who knows what the fuck to believe anymore...

Sun, 06/06/2010 - 23:20 | 398892 DoChenRollingBearing
DoChenRollingBearing's picture

Indeed, it's hard to wade through it all and really feel confident that anyone can really understand anything important.

Maybe a stiff drink now will help!

Sun, 06/06/2010 - 23:31 | 398917 geminiRX
geminiRX's picture

The National Bank of Canada has it all figured out. Just ask Leo

Mon, 06/07/2010 - 02:17 | 399094 Escapeclaws
Escapeclaws's picture

All this war speculation and Armageddon talk is because we're bored to death with our lives. Dmitri Orlov suggests that taking drugs is appropriate for Americans, given the dismal quality of life in the US. All we've got are negative reinforcers, like fear of losing our job and finding our families on the street, or losing our health insurance and getting sick, or losing our retirement and getting old, or.... On the other hand, we've got great humorists like Gary Larson or Mike Judge!

Sun, 06/06/2010 - 22:58 | 398848 Currently Smoki...
Currently Smoking Cannabis's picture

North Korea has no Seoul.

Sun, 06/06/2010 - 23:00 | 398851 Turd Ferguson
Turd Ferguson's picture

At least not as of this moment

Sun, 06/06/2010 - 23:07 | 398865 Iam_Silverman
Iam_Silverman's picture

I'll bet they are going to announce that they are buying Euro's (while they're cheap) and are going long on Chinese Solar stocks.

Oh, and they are selling Gold into the peak.

No major news here, just some housecleaning......Move along folks.

Sun, 06/06/2010 - 23:13 | 398879 Ragnar D
Ragnar D's picture

It's for Chinese solar-powered iPad knockoffs.

The Euros are needed because they're built with fine Greek union labor.


The ultimate trifecta (quadfecta?).  Hulk-green roid-raging shoots!

Sun, 06/06/2010 - 23:08 | 398868 putbuyer
putbuyer's picture

You guys are so ahead or Drudge and everyone else. Good work!

Sun, 06/06/2010 - 23:13 | 398878 Anarchist
Anarchist's picture

"As long as the regime doesn't care about what the outside world thinks of it, as long as it doesn't care about the well-being of its people, there is not a lot you can do about it, to be quite frank, unless you are willing at some point to use military force. And nobody wants to do that."

Is Gates talking about the US?

Sun, 06/06/2010 - 23:16 | 398883 digalert
digalert's picture

Do you think they may be discussing their annual nuclear fireworks rocket launch plans for the 4th of July?

Sun, 06/06/2010 - 23:32 | 398920 russki standart
russki standart's picture

Remember, China runs North Korea. Der Dear Leader cannot fart without the Chinese Politburo's permission. He is their naughty boy, used to give the US headaches when they are doing something stupid, such as trying to start another war.... Fuck You Obama!






Mon, 06/07/2010 - 00:38 | 399025 Oh regional Indian
Oh regional Indian's picture


A very few people run everyone.

If we can all see that, then we have a start.

To deny that is to deny reality.

This is all just Kabuki, the set up to the set off.

Diplomacy, what a cruel joke. Foisted on us, in carefully controlled statements.

Your excellency this and your excellency that.

Bizzarro world, that much is for sure.

Sun, 06/06/2010 - 23:38 | 398937 Anarchist
Anarchist's picture

The clueless have no idea of the vast mineral wealth in North Korea. That fact alone will make sure that China will not allow the country to be taken over by the south and the subsequent movement of US troops to the border.

The mineral wealth in Afghanistan is as valuable as the pipeines the West wants to run through it. Some of the largest untapped deposits in the world lie there. Copper, Uranium, gas, oil...etc.

Its all about money and power kiddies. Its never about freedom....


Sun, 06/06/2010 - 23:51 | 398975 downwiththebanks
downwiththebanks's picture

It was important for Uncle Sam to retake control of the opium trade, too.  

"Mission Accomplished", as a wise man once remarked.

Mon, 06/07/2010 - 01:00 | 399043 Problem Is
Problem Is's picture

"May I have a gram of Afghany #1 White..."

"For which I shall gladly pay you with my extended benefit Unemployment check... Tuuuuuuuuuuuesday."

Mon, 06/07/2010 - 02:38 | 399110 EscapeKey
EscapeKey's picture

"five major minerals—gold, iron ore, coal, tungsten, and graphite"

They should build iron works to increase production.

Sun, 06/06/2010 - 23:42 | 398944 doublethink
doublethink's picture




Possible agenda items of Monday’s assembly, therefore, include replacements of senior members of the NDC, according to Kim Yong-hyun, professor of North Korean studies at Dongguk University.

“State budget and high-level personnel shifts are the usual agenda item of the Supreme People’s Assembly,” Kim said.

“The Assembly is likely to replace several senior officials in the NDC, the military or the Workers’ Party who are over the age of 80 as part of a generational shift to help solidify the father-to-son succession process to Kim Jong-eun.”


Mon, 06/07/2010 - 01:01 | 399035 Problem Is
Problem Is's picture

US Is Caught Pulling a False Flag...
The North Korean's did not sink that boat and the Chinese know it. This was a false flag to apply pressure on the Japanese to keep the Okinawan US bases and keep attention off of the Obummer economic failures.

Any flag waving, sloganeering Einsteins who believe this Gulf of Tonkin need an enema... and learn to read history...

Mon, 06/07/2010 - 01:35 | 399077 Reductio ad Absurdum
Reductio ad Absurdum's picture

Here's some history for you to read:

Korean Air Flight 858 was en route from Abu Dhabi to Bangkok on 29 November 1987 when it exploded over the Andaman Sea, killing all 115 on board. Two North Korean agents had boarded the plane in Baghdad and departed during its stopover in Abu Dhabi having left a time bomb in an overhead compartment. The agents were arrested when they attempted to leave Bahrain using fake Japanese passports, and both immediately swallowed cyanide capsules. The male, later identified as 70-year-old Kim Sung Il, died almost instantly, but the female suspect, 26-year-old Kim Hyon Hui, survived.

Mon, 06/07/2010 - 02:08 | 399096 Reductio ad Absurdum
Reductio ad Absurdum's picture :

South Korean intelligence analysts now believe the father is to name his youngest son — Jong Un — as his successor. Unconfirmed media reports have said Jong Un has purged his older brother's supporters in North Korea and plotted to assassinate him.

Mon, 06/07/2010 - 03:47 | 399140 akak
akak's picture

I'm waiting for the next one ---- Kim Il Caligula.

Mon, 06/07/2010 - 05:55 | 399205 Miles Kendig
Miles Kendig's picture

Attempting to be rational with the irrational is a most difficult exercise.

Mon, 06/07/2010 - 10:06 | 399472 Anarchist
Anarchist's picture

It's not irrational if you consider the North is sandwiched between two parties that have agendas detremental to your survival. The south and it's US master want to take control of the vast mineral wealth in the north and the Chinese want those resources on the cheap without having either mass numbers of refugees flow across the border or 30,000 US troops on the border. It does not help that the US has been doing all it can to cripple the norths economy since the 50's.

The north has 90% of the mineral wealth on the penninsula. The south is in desperate need of those resources since it has to import them at great cost in competition with the Chinese and Japan. The US wants to both control the resources, place troops on the Chinese border, build huge air and naval bases and stop the North from shipping missles and other hardware.  Oh and the oil and gas deposits off the east coast are claimed by every country in the region. The US wants to stop the Chinese from getting them. 

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