NorK Spork

Like a spork, North Korea (Nork) has more than one function on the world stage. But is it a tined spoon, or a bowled fork? Either way, it’s not the steak knife everybody is portraying it to be.

Ever since the Clinton presidency, NorK has been getting more than its fair share of the news cycle. The reasons given for this are not the same as the reality of the situation would indicate. Some introductory points to consider about the nation:

  1. NorK poses no threat to the USA.
  2. NorK nuclear capabilities are greatly exaggerated.
  3. Nork missile technology is unreliable.
  4. NorK is a successful socialist state as was Libya under Gadaffi.
  5. NorK does not have a central bank in the western tradition.
  6. Nork lies between Russia and China and trades mostly with China.
  7. Nork has up to 10x the mineral wealth of Afghanistan, up to $10T USD worth.
  8. Most of this wealth is in minerals which China now holds a near monopoly over.
  9. War with NorK could do wonders for Trump’s image.
  10. NorK is still technically at war with South Korea (SKor.)
  11. SKor holds veto power over any military actions by its allies against NorK

NorK’s nuclear capabilities are near zero. This article goes into more detail on the subject. Even if they did choose to divert their limited resources to bomb-making, it would result in so few warheads that the threat they possess would not be worth having. The bluff achieved by setting off nuclear tests (comperable to 1940’s technology) has a far greater impact. If they do have an arsenal of nuclear tipped short-range missiles, it would only be a handful of stategic type nukes, enough to devastate small neighbouring countries or a group of ships, but easily shot out of the sky by allied defenses.

NorK’s record as far as missile tests go is abysmal. Their tests almost always fail, and their targeting is equally shoddy. Many industry analysts doubt they could hit a ship off their own coastline. This article summarizes the situation nicely. The missiles they regularly display in parades are not functional. The ones which are functional crash. NorK has never once put a functional warhead on a functioning missile.

If it weren’t for the USA, NorK would not even have nuclear technology. Much like the Iran deal, the US has created a problem which they now choose to deal with. But why is the US worried about NorK’s nukes when Russia and China, NorK’s immediate neighbours, are not? It isn’t so much worry as it is strategy.

As in Afghanistan, when mineralogical surveys showed a tremendous amount of wealth under the ground, the US suddenly showed great interest in waging war in order to introduce American interests to the region. As well as being geo-strategically important, NorK has been found to possess an enormous wealth of rare-earth minerals which China currently holds a near-monopoly over. Inserting American (SKor) companies would turn an enormous profit, but would also prevent Eurasian competitors from gaining access. Now that the middle-east is lost for the US, and the petro-dollar is teetering on the brink, America needs new sources of income and influence in Asia.

If the U.S. and South Korea carry out strikes and try to overthrow the North Korean regime and change the political pattern of the Korean Peninsula, China will prevent them from doing so,” it said. -Global Times

China should also make clear that if North Korea launches missiles that threaten U.S. soil first and the U.S. retaliates, China will stay neutral,” the Global Times, which is widely read but does not represent government policy, said in an editorial.

“Only the Republic of Korea can make the decision for military action on the Korean Peninsula,”[President Moon Jae-in] said, using the country’s formal name.

The story of North Korea, to paraphrase Skaespeare, is in many ways a tale told by an idiot, full of sound and fury, signifying nothing.

The US will either find an excuse or fabricate an excuse to take over the country; the question is not about Kim Jong-un’s response, but rather the world’s.

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Benji’s Plight

In 1971, the French sent a gunboat to New York harbour to get their gold back because the USA was over-extending itself as per the Bretton-Woods agreement. It was President Nixon who was not playing by the rules. In this example, it was the Vietnam war which was being funded but without enough gold to back the expenditures. The US was inflating its own currency. Since the Franc was pegged to the dollar and the dollar was pegged to the gold that America held, there wasn’t enough gold to maintain the value of the French currency. This is why the French acted. This was essentially the beginning of what we now know as central bank money, or modern fiat money.

Why mention all this? Well it seems to me that the Chinese are de-evolving in monetary terms, going back to a Bretton-Woods type system in order that they can play the role that the US played but with their allies, instead. For that to happen, they need to back their currency with gold, and so they will need as much as they can get. Russia has also spoken about a gold-backed ruble.

Gaddafi was in the process of creating a gold-backed pan-African currency, but Libya did not have the clout to withstand the American onslaught, and we all know what happened after that. China does.

If we exclude QEII, the largest land-owners in the world are Russia, China, the King of Saud, the King of Thailand, the King of Morocco, and the King of Oman. All of these countries have large Muslim populations; even Russia is about 15% Muslim. All of them have been involved with some form of gold-backed currency, or are currently talking about implementing one. China is going to do it for them, and unite Asia in the process.

This is why Kazakh president Nursultan Nazarbayev said, at the UN, that the IMF must go and that the world reserve currency should no longer be dollars. He also said that the UN should be based in Asia. Kazakhstan is hugely rich in natural resources (oil, gold, uranium…) He gave this speech on the same day as Obama and Putin spoke, but nobody was listening.

This, in my opinion, is what we are seeing in China now. They are slowly trying to shed dollars without causing too much commotion. If they do it too quickly, they would lose a great deal of value in the process. Eventually, though, the dollar will be dumped. China did just get into the IMF’s basket, for credibility and support if nothing else, but this may be short-lived and not for the reasons most would think.

With Turkey looking east, they could collectively control all the oil and gas flowing into Europe (Turkish Stream pipeline,) and most of the water flowing into the middle-east. The east would have Europe by the short-and-curlies.

This is also why they want to ‘easternize’ Europe with a large influx of migrants. Terror is a serious issue for all these actors, not just an excuse for expansion like it is for America. Russia has an outpost called Ingushetia to guard against Chechen fighters. Even China has terror at its back door.

Energy-poor Europe really has no choice in the matter and America is powerless to stop it. This is what made Ukraine such a target. Russia is diverting all pipelines into Europe through Turkey instead of Ukraine, making the entire exercise there moot. This is what makes the middle-east, the Spratley Islands in the South China Sea, North Korea, and Lithuania so important to the west. This is why the west (and NATO) is trying to encircle Russia and break up Eurasia, but what’s the expression again…? A day late and a dollar short (pun definitely intended.)

One could draw a line from Beijing to Moscow and cross only one country, Kazakhstan. Kazakhstan may be where the new Prime Meridian passes, where the new UN headquarters might be located, and is where the world’s monopoly of low-enriched uranium (LEU) is kept. Buffett knows it, too. Kazakhstan is land-locked and so is very easy to defend.

It’s over.

China is starting to unwind, all of Eurasia will be dumping the dollar very soon (?this summer/fall?) the petro-dollar’s days are numbered (Saud has been in negotiations with Russia for years now over this very issue) and if America doesn’t wake up to this incontrovertible fact, war will be the only option. If the USA and NATO and the EU start making preparations now, perhaps there could be a way to draw this out nicely enough not to have to crash the western economy. They could also all be working behind the scenes together, east and west, knowing that the inevitable is coming. Hey, ya’ never know.

As it happens, last year, American private equity fund KKR bought Mexico’s Pemex Oil. They have secured rights to drill in the Gulf of Mexico, and now they are moving even further south. Venezuela seems to be the next target now that the Americans know they have lost the middle-east, and will soon have to leave.

“Seventy percent of Petropiar is owned by the state-run Petróleos de Venezuela, and 30% by its overseas partner, Chevron. The government has now offered to sell a portion of its shares to the Russian Rosneft, along with a stake in the rights to extract oil from the premium-grade Orinoco Oil Belt. This, of course, is no less than a stab in the back for Chevron. (Rosneft faces sanctions from the US, which, of course, Chevron does not.)

Venezuela has also expropriated shares belonging to ConocoPhillips, for which it has not yet paid, at the same time as they’re negotiating with a Japanese investment bank to obtain further funding.”

These deals, in the American perspective, are worth protecting and fighting over especially if Russia’s Rosneft gets control of some of the oil in the Americas.

“The involvement of the U.S. military in an upcoming multilateral military drill in South America has raised concerns over potential ulterior motives on the part of the U.S.

 

The drill, dubbed “Operation: America United,” will involve the installation of a temporary military base on the triple border shared by the drill’s other participating nations: Peru, Brazil and Colombia.

Clearly, the Americans know that their time under the petro-dollar scheme is winding down, and they are desperately seeking alternative sources of oil. Now that Erdogan has refused the EU membership and is looking east, even the Germans are moving their troops from Incirlik to Jordan. They too must sense that something is changing within NATO and in the middle-east.

All this talk of populism vs. globalism (I was caught up in it, too) is like so many squirrels scurrying to hide their nutz. This is also why we needed the king of all squirrels, Donald Trump, to completely dominate our lives. After two years of him dominating the main-stream media scene, much of the groundwork has been done quietly, and in the shadows.