SEOUL

North Korea Threatens to “sweep Guam from the surface of the earth” for B-1 Fly-bys

by John Galt September 22, 2016 21:15 ET In the world of “yes, the dangerous little nut job in North Korea is up to it again” file, tonight he decided to raise the stakes a little bit more after promising last night to “completely reduce to ashes Seoul” because of this week’s fly-by of U.S. strategic bombers. From Yonhap News tonight: Strategic bombers made closest-ever flight to N. Korea: U.S. military (excerpt) Two U.S. Air Force B-1B strategic bombers this week made the closest-ever flight to North Korea to warn the…


06.08 21:10 ET BREAKING: Bank of Korea Cuts Key Interest Rate to 1.25% in Surprise Move

by John Galt June 8, 2016 21:10 ET In the ever perpetual currency war and race to zero, the Bank of Korea surprised markets tonight with a cut in their key overnight rate to 1.25% from 1.50% after experts and analysts saw no cut forthcoming. This is the first move for the Korean Central Bank since June 2015 and needless to say the Korean Won moved quickly against the USD by 0.7% but shortly after pared the move to half of its intended consequences:


07.27-07.28 Asian Deathburger: Chinese Stock Market Opens DOWN 4% No Sweet, Just Sour

by John Galt July 27, 2015 22:15 ET This screenshot from Bloomberg TV-Asia says it all: The reason for all the red on the screen? Shanghai strikes again, opening down as far as 4.51% but recovering slightly at the top of the hour: The 15 minute delayed chart from YahooFinance is ugly as are all Asian-Pacific markets this morning: The Hang Seng in Hong Kong is slightly better but then again they like to sell hard in the afternoon session: Australia and South Korea are not doing so well either: Last…


The Ultimate Guide to the Doom and Destruction for the Rest of 2015 Part 2: World War

by John Galt July 27, 2015 21:40 ET 2. World War III World War III appears to be on the horizon with some postings around the internet speculating it could start in the magic time frame of September or October of this year. Of course, I have warned what would happen if there was an outbreak of war between the United States, Russia, and China. But this could pale in comparison to everything else which the United States and world as a whole could endure before this year ends. The unfortunate…


The North Korean Purge Could Start a Regional War

  by John Galt December  17, 2013 05:30 ET The recent execution of Kim Jong Un’s uncle several days ago has far greater implications than just the regional distrust which has now been expanded from Beijing to Tokyo; it is of such a dramatic shift in policy that indeed, the threat of a rapid, decisive, regional war could begin without warning. How severe is the concern in South Korea? Watch the following video via Reuters posted at the PBS website on the story to get a clue and see if this…


4/11 2000 ET Korea Crisis Update: The North Koreans Can Launch a Nuke on a Missile

  by John Galt April 11, 2013 20:00EDT   The Defense Intelligence Agency (DIA), America’s real overseas intelligence analysts, created a classified report that someone in the Pentagon apparently leaked to wake some people up on Capitol Hill as this story from the Wall Street Journal outlines: U.S. Upgrades North Korea Nuclear Risk Pentagon Report Says North Korea May Have Ability to Launch Nuclear Missile Previously, experts didn’t think Pyongyang had the expertise to build a warhead small enough to affix to a missile. The new assessment was divulged Thursday at…


4/2 22:18 EDT URGENT: S Korean Workers allowed to leave Kaesong Facility; Entry from South Blocked

  by John Galt April 2, 2013 22:18 EDT   The latest from Yonhap News in South Korea indicates along with wire reports that workers are allowed to leave and return home but the next shift is not permitted to enter into the North for work. This was considered by some regional experts on the mainstream media to be a dramatic sign of escalation and POSSIBLY preparation for imminent military action by the North. The article linked below from Frank Gaffney via the Washington Times this morning gives a great summary…


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