Some of the more extreme camps within the right-wing media see the president’s plummeting poll numbers and also the persistent calls from Israel to invade Iran as evidence that war with Iran is on the horizon. Mike Mullen, chairman of the Joint Chiefs of Staff, made a point on “Meet the Press” recently the United States is more than ready to take up arms against Iran. But let’s not get ahead of ourselves. Front Page Magazine reports that North Korea may be the next dance partner in horrific war. And from a modern business standpoint, a New Korean War would be disastrous.
Nobody wants a New Korean War
North Korea and South Korea have been at each other’s throats over indications of aggression recently – signals which contain the sinking of the South Korean ship Cheonan – and now the U.S. is involved in what could conceivably lead to a New Korean War. Kim Jong-il, North Korea’s leader, has boasted of his nation’s readiness to fight, which has given world stock markets reason to hiccup. ”We do not hope for war, but if South Korea, with the United States and Japan on its back, tries to attack 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 also the European Union, a move both nations have seriously considered.
The United States in on South Korea’s side
UPI indicates that half of United States of America adults surveyed by the Angus Reid Public Opinion group believe that a New Korean war is inevitable. Less than half of those surveyed are against America’s involvement in such a war. Considering the Secretary of State Hillary Clinton said following the Cheonan sinking the U.S. would defend its ally – South Korea – in an armed conflict with North Korea, the intent is clearly there.
War talk and sad sales
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. Hyundai, Daewoo, LG, Wal-Mart, Best Buy and a host of other big-box retailers would be severely impacted. South Korea’s economy would take a nosedive amidst the chaos of war, sending refugees into China who would be a severe drain on the Chinese economy. Dominoes would continue to fall, and the United States would not keep away from the collision entirely.
America would cry for its South Korean supply
South Korean companies have not planned to date for what they’d do during a New Korean War as outlined by various sources, so the flow of world commerce would surely be disrupted. North Korea reportedly doesn’t have a top flight military anymore, but the potential is nevertheless there for significant damage to lives and economic systems. No new products or parts coming out of South Korea would make things difficult for the American market.
Discover more details 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/
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