Best of the Week
Most Popular
1. Crude Oil Price Trend Forecast - Saudi's Want $100 for ARAMCO Stock IPO - Nadeem_Walayat
2.Gold Price Focusing on May Cycle Bottom - Jim_Curry
3.Silver, silver, and silver! There’s More Than Silver, People! - P_Radomski_CFA
4.Is the Malaysian Economy a Potemkin Village - Sam_Chee_Kong
5.Stock Market Study Shows Why You Shouldn’t “Sell in May and Go Away” - Troy_Bombardia
6.A Big Stock Market Shock is About to Start - Martin C
7.A Long Term Gold Very Unpopular View - Rambus_Chartology
8.Stock Market “Sell in May and go away” Study When Stocks Are Down YTD - Troy_Bombardia
9.Global Currency RESET Challenge: Ultimate Twist - Jim_Willie_CB
10.The Coming Silver Supply Crunch Is Worse Than You Know - Jeff Clark
Last 7 days
More Clarity for the Short Term for Bitcoin Price - 22nd May 18
Study: A Rising and Strong U.S. Dollar Isn’t Consistently Bearish for the Stock Market - 22nd May 18
Gold, Silver & US Dollar Updates with Review of Latest COTS - 22nd May 18
Upside DOW Stock Market Breakout May Be Just the Beginning - 22nd May 18
5 Reasons Why Forex Trading Is Becoming Such A Big Deal In SA - 22nd May 18
Fibonacci And Elliot Wave Predict Stock Market Breakout Highs - 21st May 18
Stock Market Ideal Cycle Low Near - 21st May 18
5 Effects Of Currency Fluctuations On The Economy - 21st May 18
Financial Conditions are Still too Easy for the Stocks Bull Market to End - 21st May 18
US Stock Market Elliott Wave Predictions for 2018 and Beyond - 20th May 18
Are You Still Fearful of Cryptos? - 20th May 18
US Stocks - Why I am Short-term Bearish, Medium-term Bullish - 20th May 18
Looking for a Turn in Gold Price - 20th May 18
GDX Gold Mining Stock Fundamentals 2018 - 19th May 18
Semiconductor Stock Market Canaries: Chirp, Warble… Soon a Croak and Silence? - 19th May 18
Three Drivers of Gold Price - 18th May 18
Gold Market in First Tertile of 2018 - 18th May 18
What Happens Next When Small Cap (Russell) Leads the Stock Market - 17th May 18
Negative Signs for EUR/USD? AUD/USD - Battle - 17th May 18
DOW Jones and CRUDE Oil on a Cliff Edge, Waiting for a Nudge! - 17th May 18
Gold Price No More Subtleness – It’s Show Time! - 17th May 18
VIX Cycles Point to Stock Market Correction - 17th May 18
Trump Sounds End Times Armageddon Trumpet for Jerusalem, Israel Evangelical Prophecies - 16th May 18
Our Next Stock Market Dow Fibonacci Price Targets – Get Ready! - 16th May 18
The Coming Copper Crunch - 16th May 18
Stock Futures Are on a Sell Signal - 16th May 18
What to do When the IRS Comes for Your Property - 16th May 18
IS BITCOIN ANONYMOUS? - 16th May 18

Market Oracle FREE Newsletter

Trading Lessons

Korean Peninsula Brinksmanship

Politics / WW3 Apr 16, 2017 - 06:10 PM GMT

By: Stephen_Lendman

Politics

For a day at least, Washington and Pyongyang stepped back from the brink.

The DPRK refrained from conducting an expected sixth nuclear test, likely postponed, not cancelled.

Trump showed restraint by not belligerently reining on North Korea’s Day of the Sun commemorative parade, honoring its founder Kim Il-sung’s 105th birthday.


All quiet on the eastern front held on Saturday, fireworks perhaps coming later at a time of Trump’s choosing.

Potentially devastating Korean peninsula war threatens the entire region, catastrophic if nuclear confrontation erupts.

The weekend wasn’t entirely calm. Early Sunday, the DPRK launched an unidentified ballistic missile. Reportedly it plunged into the sea after exploding.

South Korea’s military believes it was a Pukguksong-2 intermediate-range ballistic missile capable of traveling up to 1,000 km.

South Korea’s Foreign Ministry called the test a threat to regional security. The Pentagon’s March 14 B61-12 gravity nuclear bomb test was practically unnoticed until the US National Nuclear Security Administration’s April 13 announcement, saying:

“This event is the first of a series that will be conducted over the next three years to qualify the B61-12 for service. Three successful development flight tests were conducted in 2015.”

No furor followed the test or announcement. US imperial madness is humanity’s greatest threat.

North Korea threatens no one. Throughout its history, it never attacked another country - at war from June 1950 to July 1953 in self-defense after being attacked.

America wages perpetual wars, naked aggression ongoing in multiple theaters, cheerled by Western media scoundrels despite the enormous threat to world peace.

Pyongyang justifiably fears another US war, believing its nuclear deterrent is its best defense. If America normalized relations long ago, the DPRK never would have developed nuclear weapons.

Washington’s rage to dominate overrides prioritizing world peace and stability - anathema notions for a nation always at war, enemies invented to justify waging it on humanity.

Korean affairs analyst Cui Zhiying said “North Korea is now under immense pressure, especially from the US, and Pyongyang wanted to show a united front without making another nuclear test (at this time), a move deemed intolerable by the international community and that might trigger military conflict.”

China Arms Control and Disarmament Association researcher Xu Guangyu believes Pyongyang’s Saturday weapons display and missile test showed its military strength and “capability to fight back (if) necessary.”

Its commemorative parade showed “restraint. It is reluctant to fire the first shot and shoulder the responsibility for provoking conflict on the peninsula.”

Refraining from a nuclear test on Kim Il-Sung’s birthday doesn’t mean future ones aren’t coming. Five were conducted earlier, likely more ahead, perhaps delayed for now given current heightened tensions.

On Friday, Chinese Foreign Minister Wang Yi told Sergey Lavrov Beijing “is ready to coordinate closely with Russia to help cool down as quickly as possible the situation on the peninsula and encourage the parties concerned to resume dialogue.”

He also warned Pyongyang and Washington that if war breaks out, both sides will share blame “and pay the corresponding price.”

Trump is at his Florida residence for the Easter weekend. Congress is in recess until April 23.

Pyongyang’s Day of the Sun commemoration passed without imminent threat of war erupting.

Korean expert Bruce Cumings explained North Korea has around “15,000 underground facilities of a national security nature,” the world’s fourth largest military, about “200,000 highly trained special forces,” 10,000 artillery pieces, mobile missiles able to hit all US regional military bases, and nukes more than twice as powerful as the Hiroshima bomb.

While no match against America’s military might, it’s able to cause enormous damage if attacked.

“Why on earth would Pyongyang not seek a nuclear deterrent,” Cumings asked? “(T)his crucial (logic) doesn’t enter mainstream American discourse,” he explained.

“History doesn’t matter, until it does - when it rears up and smacks you in the face.”

The Korean peninsula remains a hugely dangerous tinderbox. Trump’s rage for warmaking could ignite an uncontrollable firestorm.

By Stephen Lendman
http://sjlendman.blogspot.com

His new book as editor and contributor is titled “Flashpoint in Ukraine: US Drive for Hegemony Risks WW III.”

http://www.claritypress.com/Lendman.html

He lives in Chicago and can be reached in Chicago at lendmanstephen@sbcglobal.net.

Also visit his blog site at sjlendman.blogspot.com and listen to The Global Research News Hour on RepublicBroadcasting.org Monday through Friday at 10AM US Central time for cutting-edge discussions with distinguished guests on world and national topics. All programs are archived for easy listening.

© 2017 Copyright Stephen Lendman - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules