Wednesday, April 6, 2016

Will Oil Sanctions Push North Korea Push Over The Edge?

Charles Kennedy, Time/Oilprice.com: Oil Sanctions Risk Pushing North Korea Over the Edge

Without oil and food, the unstable regime may take extreme steps

A new round of United Nations sanctions on North Korea has a lot of loopholes, and China is only enforcing those that hit at Pyongyang’s weapons-making capabilities. The rogue nation, that is once again making nuclear threats, is using its hostage population as a human shield in order to get Chinese oil and food.

In January, Pyongyang conducted its forth nuclear test. In February, it launched a long-range rocket. In early March, North Korean leader Kim Jong-un reportedly ordered the military to deploy the country’s nuclear warheads on standby.

Read more ....

WNU Editor: Hard to say if these oil sanctions will cripple North Korea .... the regime has proven itself over the years to be more than resilient in keeping power.


3 comments:

Jay Farquharson said...

WNU Editor,

Another tip for you, re: the Panema Papers

"Mossack’s father had been a member of the Waffen-SS, the notorious armed wing of the Nazi Party during World War II, according to U.S. Army intelligence files obtained by ICIJ.

After the war the father offered his services to the U.S. government as an informant, the files show, claiming “he was about to join a clandestine organization, either of former Nazis now turned Communist . . . or of unconverted Nazis cloaking themselves as Communists.” An Army intelligence officer wrote that the offer to spy for the U.S. might simply be “a shrewd attempt to get out of an awkward situation.”

Nevertheless, the old intelligence files indicate that Mossack’s father later ended up in Panama, where he offered to spy, this time for the CIA, on Communist activity in nearby Cuba."

Jay Farquharson said...

http://www.irishtimes.com/business/financial-services/who-are-mossack-fonseca-1.2593760

War News Updates Editor said...

Thank you for the heads-up on Mossack's father. I read it also in Zero Hedge .... what can we say but what a piece of work, and they have prospered enormously from all of this.