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North Korea is sitting on a stockpile of minerals worth trillions
business insider dot com ^ | orig June 2017 | Chris Weller

Posted on 03/09/2018 8:40:41 PM PST by doug from upland

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To: doug from upland

The problem is that they don’t think like we do. I’ve worked with the South Koreans and the Japanese and I can tell what I want and they hear every word that I have said and not understand what I mean. For instance, I can send a “draft spreadsheet” marked “DRAFT” and tell them that it is full of errors, but look at it and tell me if this is the type of information that they need. Two days later, I get a pile of corrections, but nothing about if the information is what they want.

“Lose of face” is really a big deal. If I do something stupid, you’ll joke about it at the bar, we’ll laugh about it and life goes on. If a Korean does the same thing, it will cause real anguish and be a life changing event.


21 posted on 03/09/2018 10:49:02 PM PST by fini
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To: doug from upland

No one is dropping any, but if NK wanted to become a viable nation and join the rest of the world there will have to be an international effort to develop an infrastructure.

What do they have that the rest of the world wants/needs? This is what they have.

Any costs of re-unification cannot be carried by SK alone and there will be enormous costs.


22 posted on 03/09/2018 10:51:55 PM PST by arrogantsob (See "Chaos and Mayhem" at Amazon.com)
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To: Sicvee

All that was before Donald the Liberator.


23 posted on 03/09/2018 10:54:55 PM PST by arrogantsob (See "Chaos and Mayhem" at Amazon.com)
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To: Mariner

God bless him


24 posted on 03/09/2018 11:58:59 PM PST by antceecee (Bless us Lord, forgive us our sins and bring us to everlasting life.)
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To: doug from upland

People with no experience in mining think you just hook up a hose to a mineral deposit and out comes money. To mine a trillion in ore and actually turn a profit requires hundreds of billions in expenditure and years of careful planning. It’s far from a hole in the ground filled with money just for the taking.


25 posted on 03/10/2018 12:14:27 AM PST by SpaceBar
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To: doug from upland

So they want peace so we can help them exploit their mineral wealth and then they will promptly tell us to go pound sand. They would use the ChiComs but they know that the Chinese would never go away or allow themselves to be taken advantage of.


26 posted on 03/10/2018 1:05:30 AM PST by BBell (calm down and eat your sandwiches)
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To: doug from upland

This is actually starting to sound like Trump. Very forward thinking.


27 posted on 03/10/2018 2:47:02 AM PST by D Rider
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If I was North Korea, I would ask the U.S. to help us het the Minerals & we will give up our Nukes

They can then turn a region of their Country to something like what Dubai has done

Why not?

28 posted on 03/10/2018 4:23:29 AM PST by KavMan
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To: doug from upland
Drop the nukes, full inspection, and perhaps we will help you develop your natural resources.

Offer Fat Psychopath,his entire family and his 500 top aides/generals freedom from prosecution,safe passage to China and billions of dollars in exchange for dropping the nukes and *full* and *continuous* inspection.And once that happens *someone* will help them develop their resources.Maybe Japan...Europe...South Korea...Taiwan...China...or maybe us.

29 posted on 03/10/2018 4:30:11 AM PST by Gay State Conservative (Obama & Hillary: The Two Most Corrupt Politicians of My Lifetime.)
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To: doug from upland
North Korea is sitting on a stockpile of minerals worth trillions Sounds (and smells) like 🐂💩 to me.
30 posted on 03/10/2018 4:47:05 AM PST by GoldenPup
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To: Fungi

We get them or Russia gets them or Iran gets them or China gets them...?

The question is what is the dictator’s motive to reach out to the United States? I can tell you.

China would be willing to go in and just take them...war.
We know Vlad’s tactics...just take over the country by force.
Iran doesn’t quite have the strength and other internal concerns nullify them.

Trump agenda MAGA, those mineral resources are needed here. We would negotiate to get them vs. going to war to get them. All around it looks like a win-win-win.

The dictator looks like a hero to his people and keeps stability for his country vs. the Afghanistan tribal war factions. Something is motivating the dictator beyond what we can see...what is it?


31 posted on 03/10/2018 5:16:59 AM PST by EBH ( May God Save the Republic)
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To: doug from upland

The idiots probably thought they could capitalize on their natural resources by destroying civilization with nukes but they finally realized that there would be no one to buy their natural resources. Now they are seeking to con their way into our good graces before they pull the nuclear trigger. They’ll soon recognize the folly of that plan too. The only way they get help from us is to totally give up that con and submit to inspections, etc. Bet this ticks off the Democrap Party.


32 posted on 03/10/2018 5:21:34 AM PST by New Jersey Realist ( (Be Nice To Your Kids. They Will Pick Out Your Nursing Home))
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To: Mariner

The fighting prowess you describe is dead.

Its been all about food and survival for decades.


33 posted on 03/10/2018 5:25:27 AM PST by G Larry (There is no great virtue in bargaining with the Devil)
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To: SpaceBar

Exactly. My neighbor is a mining engineer. He has been working on a very big gold mining project for 10 years. They will finally break ground next month. The costs to date are about $500 Million. Mostly in core drilling.


34 posted on 03/10/2018 5:39:59 AM PST by mad_as_he$$ (We need common sense FBI reform.)
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To: doug from upland

Okay, so there is the potential for a degree of prosperity in the North once the oppressive communist dictatorship is totally gone. Destroying the Kim Dynasty is still job one and the only way to a better life in the North.


35 posted on 03/10/2018 6:38:50 AM PST by JimSEA
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To: doug from upland

That sounds like an opportunity for POTUS when he meets with Rocket Man.


36 posted on 03/10/2018 8:10:28 AM PST by Rappini (Compromise has its place. It's called second.)
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To: Rappini

China controls 95% of the world’s rare earth metals -— critical to our defense.


37 posted on 03/10/2018 9:53:31 AM PST by doug from upland (Why the hell isn't Hillary Rodham Clinton in prison yet?)
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To: doug from upland
"There is a shortage of mining equipment," Vasey wrote, "and North Korea is unable to purchase new equipment due to its dire economic situation, the energy shortage, and the age and generally poor condition of the power grid."

This is the point of capitalism. North Korea shouldn't have to buy anything. Free markets and capital formation would create the necessary ingredients to exploit whatever mineral resources that exist. Jobs, wealth, products, tax revenue... all of these would follow.

38 posted on 03/10/2018 11:48:09 AM PST by fhayek
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To: fhayek

If there is that much money sitting around I don’t understand why china has not taken over control of NK.


39 posted on 03/10/2018 6:00:44 PM PST by oldasrocks (rump)
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To: doug from upland

That doesn’t sound good at all.


40 posted on 03/12/2018 11:40:34 AM PDT by Rappini (Compromise has its place. It's called second.)
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