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N. Korea: N.K. collapse could spark global crisis
Korea Herald ^ | 09/05/10

Posted on 09/09/2010 4:58:44 AM PDT by TigerLikesRooster

N.K. collapse could spark global crisis

2010-09-05 17:22

QUANTICO, Virginia (AFP) -- North Korea‘s regime has long defied naysayers by persevering through famines, floods and global opprobrium.

But what would happen if the upcoming power transition marks the beginning of the end?

In the view of one U.S. military strategist, a collapse of North Korea -- a dirt-poor nation with an indoctrinated population and nuclear-armed military -- could result in no less than the greatest world crisis in modern times.

Col. David Maxwell, who heads the Strategic Initiatives Group at the Army’s Special Operations Command, said that the U.S. needed to invest more time planning for the most dire scenario, even if it does not transpire.

U.S. troops have been stationed in South Korea since the 1950-53 war to guard against attack. A North Korean advance could easily hit densely populated Seoul, just an hour‘s drive from the frontier, and would send shockwaves through economic powers Japan, China and South Korea.

“I believe a conventional attack by the North would be the worst crisis that the international community has faced since the end of World War II,”

Maxwell said in a presentation at the Marines Corps University in Quantico, Virginia.

“But I think the real worst case would be regime collapse,” said Maxwell, who stressed he was speaking in a private capacity.

(Excerpt) Read more at koreaherald.com ...


TOPICS: Extended News; Foreign Affairs; News/Current Events
KEYWORDS: collapse; globalcrisis; insurgency; nkorea; ornot
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I know which media will go most viral if situation would unexpectedly get hot in Korean Peninsula. It would be business media: WSJ, CNBC, CNN Money, Bloomberg, Financial Times, and numerous Internet business news sites. All major financial institutions would freak out. Carefully timed financial moves could go haywire and such a crisis can trigger a world-wide crash. Chia Head can be in a position to blackmail the likes of Goldman Sachs.
1 posted on 09/09/2010 4:58:48 AM PDT by TigerLikesRooster
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To: TigerLikesRooster; AmericanInTokyo; Steel Wolf; nuconvert; MizSterious; nw_arizona_granny; ...

P!


2 posted on 09/09/2010 4:59:50 AM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: TigerLikesRooster

I don’t understand this. If North Korea collapses, what effect would that have on anything? The North Korean economy is the size of a small town in Podunk, USA.


3 posted on 09/09/2010 5:03:45 AM PDT by caver (Obama: Home of the Whopper)
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To: TigerLikesRooster

Terrorists are a whiney bunch of piglets and they all have one thing in common —blackmail.


4 posted on 09/09/2010 5:03:57 AM PDT by freeangel ( (free speech is only good until someone else doesn't like what you say))
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To: freeangel

The whole reason they developed their piddly little nuclear device -

to threaten other nations into supporting their failed communist system.


5 posted on 09/09/2010 5:06:07 AM PDT by MrB (The difference between a (de)humanist and a Satanist is that the latter knows who he's working for.)
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To: TigerLikesRooster

Bomb the northern part of North with food. Would the military continue to press its attack southward or turn back to the feeding frenzy? ... for either restoring control or for the sustenance


6 posted on 09/09/2010 5:06:57 AM PDT by NonValueAdded ("People are losing jobs because of DemocRATs" Rush Limbaugh 9/8/10)
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To: caver
If N. Korea creates firework, economy in S. Korea, Japan, and China would be hit hard.

Even the sinking of one S. Korean frigate back in March initially sent shockwave to world market, fearing that it would lead to bigger military confrontation.

It is not the size of NK's economy but its potential to spark terror in already jittery world financial market precariously propped up by government printing press.

7 posted on 09/09/2010 5:10:28 AM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: caver
Besides, given that South Korea has so close economic ties with China, I can see China and South Korea "engineering" a soft landing for the post-Communist era in North Korea as it begins a planned 15-year reintegration with South Korea.
8 posted on 09/09/2010 5:11:13 AM PDT by RayChuang88 (FairTax: America's economic cure)
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To: TigerLikesRooster

Good article, TLR. Thanks for posting!


9 posted on 09/09/2010 5:11:16 AM PDT by COBOL2Java (Obama is the least qualified guy in whatever room he walks into.)
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To: NonValueAdded
Actually, if NK troops move south en mass, the best defensive fortification would be piled-up stack of instant rice or ramen.:-)
10 posted on 09/09/2010 5:12:33 AM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: caver

The concern is for the South Korean economy. That could be the domino for worldwide global fiscal crisis, assuming the North invades. That would be my guess.


11 posted on 09/09/2010 5:12:51 AM PDT by justa-hairyape
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To: TigerLikesRooster

OK, I understand that. The title of the article is talking about an economic collapse theh the article goes on to talk about military action initiated by the North Koreans. Two things that don’t match.


12 posted on 09/09/2010 5:12:53 AM PDT by caver (Obama: Home of the Whopper)
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To: TigerLikesRooster

The transition will surely produce turmoil, perhaps not at first, but eventually.

North Korea may possess a big military, but it will not have the resources for a sustained effort. It has no operational experience and even though the top generals are weighted down with medals, they are merely window dressing. Once begun, an invasion of the south will be headed toward failure because there is not adequate leadership to pull it off.

Once begun, the intramural enmities will produce a failed effort


13 posted on 09/09/2010 5:14:04 AM PDT by bert (K.E. N.P. N.C. +12 ..... Greetings Jacques. The revolution is coming)
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To: justa-hairyape

“The concern is for the South Korean economy.”

That makes more sense.


14 posted on 09/09/2010 5:14:07 AM PDT by caver (Obama: Home of the Whopper)
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To: TigerLikesRooster

Best thing for North Koreans would be if S. Korea took control of it and significantly would reduce mass pverty if even if phased in over time.


15 posted on 09/09/2010 5:16:26 AM PDT by tflabo
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To: RayChuang88

It could mean that North and South Korea become one country again and the South would bring the North into the 21st. century.

Now ,who’s fault is it that the North was allowed to get a Nuclear weapon.?Who’s fault is iot that Iran will soon have it.

The world cries and shakes in fear of this happenstance, but they have done little to stop it.


16 posted on 09/09/2010 5:18:02 AM PDT by Venturer
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To: TigerLikesRooster

Bah - The primary concern for the world would be the continuation of the NK regime, not the failure of it.

Of course, success and good things in general have a price but the free world is resilient enough to absorb and correct the problems arising from the collapse of another fascist regime.

Far worse would be the endless continuation of a dangerous, unpredictable, isolated communist state that has actively spread nuclear weapons and tech around the world.
Help the damn thing die already.


17 posted on 09/09/2010 5:21:50 AM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: bert

” Once begun, the intramural enmities will produce a failed effort “

I look at it this way -

A Smart-Car may not have much of a chance in a collision with a Kenworth, but clearing the wreckage from such a collision will still tie up the freeway for hours....


18 posted on 09/09/2010 5:31:42 AM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: bill1952
You are right. I am not for keeping the regime alive. It is just that outsiders messed up their own things in order, and made themselves vulnerable to Kim Jong-il's antics.

I never expected that Cheonan incident would send such a shockwave into world financial market. Financial Times was so freaked out that it pulled out well-known N. Korea specialist to write a column for 'pleading against war.' I thought that only pinko losers in S. Korea freak out so fast. Now I know likes of Goldman Sachs can breathe fire to U.S. gov but is scared to death about likes of Chia Head. This is truly deplorable development, but it is unfortunately true.

Still I don't mind Goldman Sachs crash, whatever the collateral damage is. We are just holding off the big crash, and the N. Korean disaster would only bring on the inevitable. It is not as if N. Korea would single-handedly create the crash.

I want the N. Korean regime to go down as well as this sick parade of artificially propped up market thanks to losers such as Bernanke and Krugman.

N. Korea collapse can result in long-awaited resolution in a messy way, because we have not properly anticipate and prepare for it. Many countries let world finance out of control and also failed to step in more resolutely to resolve N. Korean nuclear problem.

19 posted on 09/09/2010 5:35:46 AM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: caver
The North Korean economy is the size of a small town in Podunk, USA.

A small town in Podunk, USA with a million man army of fanatics and nuclear weapons.

20 posted on 09/09/2010 5:37:34 AM PDT by Non-Sequitur
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