Showing posts with label tomorrow. Show all posts
Showing posts with label tomorrow. Show all posts

Wednesday, April 10, 2013

No, North Korea Will NOT Start a Nuclear War Tomorrow


It"s easy to joke about North Korea.  For example, the following 2 photos show the entire North Korean navy:


 


http://currenteconomictrendsandnews.com/wp-content/uploads/2013/04/fd9aa__03614850.jpg


http://currenteconomictrendsandnews.com/wp-content/uploads/2013/04/50f05__kim_UN_NWoodenBoat.jpg


And this photo shows the entire North Korean army, with all of it"s weapons:


http://currenteconomictrendsandnews.com/wp-content/uploads/2013/04/50f05__nkorea-kim-rifle-feb2013.gif


But North Korea"s threat to launch a test missile over Japan tomorrow has raised tensions substantially.


Does this mean nuclear war?


No.


Initially, both Japan and the U.S. are deploying missile defense systems which can shoot down any missiles which North Korea aims at Japan, South Korea or the U.S.


Moreover, as crazy as North Korea"s threats are, they are arguably in response to massive U.S. and South Korean war games … which simulate a nuclear attack on North Korea.


As the Wall Street Journal reported last month:








Some U.S. officials argued that the bomber flights would be unduly provocative and akin to recent North Korean actions, which these officials said have irresponsibly ratcheted up tensions. Defense officials acknowledged that North Korean military officers are particularly agitated by bomber flights because of memories of the destruction wrought from the air during the Korean War. [The United States Air Force demolished every target over one story during the Korean War. It also dropped more napalm than it did later in Vietnam.]


 


***


 


U.S. officials said they didn"t believe North Korea could detect the approach of the B-2s but couldn"t be certain. They noted that once the bombers passed over the Korean peninsula, they were no longer trying to hide their presence.


"We could fly it at night, but the point was for them to see it," said a U.S. defense official.



The Journal reported this week:








After a high-visibility display of military power aimed at deterring North Korean provocations, the White House is dialing back the aggressive posture amid fears that it could inadvertently trigger an even deeper crisis, according to U.S. officials.


 


The U.S. is putting a pause to what several officials described as a step-by-step plan the Obama administration approved earlier this year, dubbed “the playbook,” that laid out the sequence and publicity plans for U.S. shows of force during annual war games with South Korea. The playbook included well-publicized flights in recent weeks near North Korea by nuclear-capable B-52 and stealth B-2 bombers, as well as advanced F-22 warplanes.


 


The U.S. stepped back from the plans this week, as U.S. officials began to worry that the North, which has a small nuclear arsenal and an unpredictable new leader, may be more provoked than the U.S. had intended, the officials said.


 


“The concern was that we were heightening the prospect of misperceptions on the part of the North Koreans, and that that could lead to miscalculations,” a senior administration official said.



We are not defending the North Koreans.  The leadership lives an extremely lavish lifestyle, while most of the North Korean people are starving.


And the North Koreans are out of line threatening nuclear attack, and ending the peace treaty with South Korea


But given that the U.S. carried out preemptive war on Iraq, took out Libya"s Gaddafi, is in the process of taking out Syria"s leader, and has long branded North Korea as part of the "Axis of Evil" – and that North Korea has just undergone a transition of power and has a very young leader – many believe that North Korea is acting "mad dog crazy" to try to prevent an invasion by the U.S. … and that tensions will recede as soon as the annual American-South Korean war games are over.


Like the small dog that rushes up and bites the ankle of the big dog to scare him away – because he is terrified of a real fight – North Korea is bluffing.





    




Zero Hedge




No, North Korea Will NOT Start a Nuclear War Tomorrow

Wednesday, April 3, 2013

Ask Mario Draghi A Question


It is hardly the world’s best kept secret that it will be a rather chilly day in a very exothermic Hades before a member of Zero Hedge is invited to a central bank press conference to ask a legitimate question. Which is why we are delighted that Scott Solano with the German news agency DPA, who will be at the Oracular Draghi’s public appearance tomorrow, has been kind enough to solicit Zero Hedge readers’ questions for the former Goldmanite tasked with inflating away Europe’s ~$ 10 trillion debt overhang problem, which he would then ask by proxy (assuming he is not bound and gagged once it leaks to the Frankfurt funding fortress that what he asks may be… provocative).


Scott’s contact info is in the clip below.










Zero Hedge




Ask Mario Draghi A Question

Monday, March 25, 2013

Regulators Prepare for Run on Cypriot Banks; Two Largest Banks Remain Shut, Others Open Tomorrow

Most Cypriot banks will open tomorrow but capital controls remain and the two largest banks will remain shut while the ECB “monitors the situation” and regulators determine precise haircuts.

CNN Money reports Big Cyprus banks to stay shut after bailout

Most banks in Cyprus will open again Tuesday for the first time over a week. But the two biggest lenders at the heart of a €10 billion European Union rescue will stay shut for two more days to give regulators time to prepare for a run on deposits.

Deposits of over €100,000 at Bank of Cyprus and Popular Bank will be frozen until they have been restructured. Popular Bank will be split up, its viable assets and insured deposits transferred to Bank of Cyprus, and its non-performing loans moved into a bad bank that will be wound down.


Big depositors at Popular Bank face complete wipe out, along with shareholders and bondholders.


The losses facing big depositors as part of a deposit-equity conversion at Bank of Cyprus have yet to be determined but could be around 30%, a Cypriot government minister said Monday. Again, shareholders and bondholders will be tapped first.


The big unknown is how small depositors will react, or what restrictions they’ll face when they try to access their money from Tuesday. The Cypriot parliament last week gave the government powers to implement temporary capital controls.


Cyprus will be ruined for a decade. Expect GDP to plunge by as much as 30%.


Since Big depositors at Popular Bank face complete wipe out, Cyprus may as well have done this on its own and left the Euro.


Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com


Mish’s Global Economic Trend Analysis




Regulators Prepare for Run on Cypriot Banks; Two Largest Banks Remain Shut, Others Open Tomorrow

Monday, March 11, 2013

PODCAST: Whole Foods GMO, "Patch" day tomorrow

For IT professionals, Microsoft has invented a holiday — of sorts. The second Tuesday of every month is the day Microsoft releases the latest batch of security patches for it’s software: Patch Tuesday. This week, the company has more than half-dozen security fixes, as cyber threats mount for Microsoft and Apple software.

A horrific series of disasters devastated Japan two years ago today. First an earthquake, then a tsunami and then a nuclear meltdown at the Fukushima Daiichi power plant. Today’s anniversary is being marked with protests against nuclear power in Japan. But can the country sustain a non-nuclear energy policy?

Whatever the science, consumers are jumpy about genetically modified foods. At least they are in Europe. For years, restaurants and grocery stores have trumpeted their products are GMO free. In the U.S., Whole Foods now plans to label products with the GMOs inside. But will our market follow Europe’s lead and shun modified food?

Latest Stories on Marketplace.org


PODCAST: Whole Foods GMO, "Patch" day tomorrow