Free trade and the New Korean War

The right sees Obama’s falling numbers and Israeli pressure as signals that war with Iran is imminent. Chairman of the Joint Chiefs of Staff Mike Mullen just lately told “Meet the Press” that the Pentagon is in fact equipped to infiltration the nation bordering Afghanistan. Yet such activity may have to wait. Front Page Magazine reports that North Korea may be the next dance partner in horrific war. Not only would this be disastrous in terms of lost lives, but it would be deadly for production and also the world imports market. Source for this article – The business of a New Korean War by Personal Money Store.

Kim Jong-il and New Korean War rhetoric

North Korea and South Korea are at each other’s throats over indicators of aggression lately – indications which consist of the sinking of the South Korean ship Cheonan – and now the United States is involved in what could conceivably lead to a New Korean War. North Korean leader Kim Jong-il says his country is ready to fight, which has caused global stocks to plummet. ”We don’t hope for war, but if South Korea, with the United States and Japan on its back, tries to infiltration us, (we) will finish the task of unification left undone during the…(Korean) war (in 1953),” said Kim Jong-il, who also threatened “powerful nuclear deterrence” to those nations who cross North Korea on the matter.

Jong-il has also confronted violent retaliation if additional sanctions are placed on North Korea by the United States and the European Union, a move both nations have seriously considered.

South Korea is an American ally

UPI reports that a recent Angus Reid Public Opinion survey showed that more than half of Americas adults expect a war between North Korean and South Korea soon. Less than half of respondents were opposed to Americas involvement. The Americas government has backed South Korea, vowing to defend it in any armed conflict with North Korea, so involvement seems definite, should hostilities escalate.

War noise and the gasps of strangled business

In America, the noise over a New Korean War is financially troubling, says The Detroit Bureau. Setting aside the potential for tragic loss of life on all sides and also the United States’ arguable over-commitment in Iraq and Afghanistan, business numbers could also suffer. Automakers like Hyundai and Daewoo, also as electronics manufacturers like LG would be hurt, as would import-dependent retail giants like Wal-Mart and Best Buy. South Korea would experience economic hard times as their import routes are constricted by war, and even China would feel the pinch as they deal with refugees flooding their borders with the Koreas. Eventually the United States of America would feel economic hardship in a chain of events related to our ever-cheaper, ever-faster consumer world.

America without South Korean imports

South Korean businesses haven’t prepared to date for what they’d do during a New Korean War according to various sources, so the flow of world commerce would surely be disrupted. The North Korean army may not scare South Korea or the Americas, but the destructive potential is still there for lives and wasted dollars. If commerce lanes are blocked, South Korea and America will suffer, even though North Korea will no doubt suffer ultimate defeat.

Find more data on this subject

Associated Press

newser.com/article/d9h5b3183/north-korea-threatens-nuclear-retaliation-to-us-south-korea-military-exercises.html

The Detroit Bureau

thedetroitbureau.com/2010/05/how-a-new-korean-war-would-affect-u-s-business/

Front Page Magazine

frontpagemag.com/2010/05/26/the-new-korean-war/

Real Clear Politics

realclearpolitics.com/articles/2010/08/04/iran_war_option_on_the_table_106598.html

UPI

upi.com/Top_News/US/2010/06/03/US-adults-expect-new-Korean-war/UPI-27261275605162/