HOLY SHIT!!! – JUST WHAT WE NEEDED

45 comments

Posted on 10th August 2011 by Administrator in Economy |Politics |Social Issues

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Really? Do we really need this shit now? For Christ sakes, can’t they wait until our 14 other crisises are semi-resolved? I’m starting to get really annoyed with these Fourth Turnings. They never let up. 

 

North, South Korea Trade Artillery Salvos

North Korea and South Korea traded artillery fire near the countries’ disputed sea border that was the scene of a deadly shelling in November.

North Korea fired a second round into the waters near Yeonpyeong Island yesterday after three South Korean shells were fired into the sea around 2 p.m. local time, Yonhap news reported. Residents of the island heard the salvos, Yonhap’s Korean language service said.

South Korea was responding to an initial salvo from the North an hour earlier, said a defense ministry official who declined to be identified, citing government policy. The defense official said the military wasn’t aware of any drills in the area.

The incident came a month after both nations said they would try to revive multilateral talks on the North’s nuclear- weapons program, signaling an easing of tension between the two rivals that has been an irritant to U.S.-China ties over the past year. The so-called Northern Limit Line dividing the two nations on their western border in the Yellow Sea has been a source of repeated conflict since the 1950-1953 civil war ended in a cease-fire.

“North Korea appears to be provoking the South in a calculated manner to highlight the need for a peace treaty to replace the armistice agreement after the war,” said Kim Yong Hyun, a professor at Dongguk University in Seoul. “I doubt the North will go so far as to risk breaking down the dialogue.”

Four South Koreans died in November when the North shelled Yeonpyeong island in retaliation for South Korea firing rounds into the disputed waters during a training exercise. Relations soured earlier in the year over the sinking of a South Korean warship in March, killing 46 sailors.

Trade, Aid

The two incidents spurred the U.S. to put pressure on China, North Korea’s main source of trade and financial aid, to rein in Kim Jong Il’s government. China accounted for 83 percent of North Korea’s $4.2 billion of international commerce in 2010, the Korea Trade-Investment Promotion Agency said in May. China made up 79 percent of trade in 2009 and 53 percent in 2005, according to the Seoul-based organization.

The cost of credit-default swaps insuring South Korean government debt from default rose four basis points after the reports of the shelling to 129.5 basis points as of 4:50 p.m. in Singapore, according to Royal Bank of Scotland Group Plc prices. One month non-deliverable won forwards touched 1,086 won per dollar from 1,082.5 after the report, before stabilizing within an hour, said Joo Hyung Park, a currency dealer at Korea Exchange Bank. (004940)

Improving Ties

The shelling “could make a small dent on sentiment,” said Chang In Whan, president of Seoul-based KTB Asset Management Co., which oversees the equivalent of $7.6 billion. “I’m not too worried because the timing wasn’t that sensitive. Tensions over North Korea have been easing recently.”

South Korea’s chief nuclear envoy, Wi Sung Lac, said on July 22 that his two-hour discussion with his North Korean counterpart, Ri Yong Ho, at a regional security forum on the Indonesian island of Bali was “very constructive.” The U.S. then invited North Korean officials to New York for further negotiations.

The six-party talks involving the two Koreas, the U.S., China, Russia and Japan have been stalled since 2008.

South Korea has been closely monitoring the North Korean military near the western border since the November attack and there was nothing to suggest that drills were being carried out, the defense official said. The South’s military alert level hasn’t been raised, he said.

Maritime Border

The maritime border between the two countries snakes around the Ongjin peninsula, creating a buffer for five island groups that South Korea kept under the armistice. That agreement doesn’t mention a sea border, which isn’t on United Nations maps drawn up at the time. North Korea says it doesn’t recognize the border, which hems in its ships and excludes it from fertile crabbing and fishing grounds.

The three-nautical-mile (3.5-statute-mile) territorial limit used to devise the line was standard then. Today almost all countries, including both Koreas, use a 12-mile rule, and the islands are within 12 miles of the North Korean mainland. The farthest is about 100 miles (160 kilometers) from the closest major South Korean port at Incheon.

The JoongAng Ilbo newspaper reported yesterday that North Korean spies with orders to assassinate South Korean Defense Minister Kim Kwan Jin have entered the country. South Korean and U.S. intelligence officials are working to find them, the report said, citing unidentified South Korean officials.

Kim said after the November artillery bombardment by the North that in the event of further attacks his country would “mobilize all combat capabilities available to severely punish the enemy,” including airstrikes.

45 Comments
  1. Barbarossa says:

    I going to enroll in Ohio State today!

    10th August 2011 at 1:16 pm

  2. Thinker says:

    LOL, Jim… you’ve been awaiting the 4T action for years. Admit it.

    Don’t look now, but we’re getting more involved in Syria, too.

    10th August 2011 at 1:33 pm

  3. Administrator says:

    Thinker

    I didn’t realize how relentless a Fourth Turning would be.

    I think it is now a given that Obama is toast in 2012. The Prophet/Boomer will be elected to lead through the remainder of the Crisis. I keep having a bad feeling that it is going to be Perry. God help us.

    10th August 2011 at 1:37 pm

  4. AwholeDr says:

    “I’ze wants my 15 minutes of fame

    41569_2215467244_3571_n.jpg

    10th August 2011 at 1:43 pm

  5. Barbarossa says:

    Sorry Jim, but I still say it will be a woman. Democrat or Republican, our elites have decided that it’s time for a female to “run” this country. They will give us a choice, but whoever wins – it will be a woman!

    10th August 2011 at 1:44 pm

  6. newsjunkie says:

    My worst nightmare would be Jeb Bush. Wait for it.

    10th August 2011 at 1:45 pm

  7. Thinker says:

    Agree, Jim. It will be a watershed election, just as Lincoln’s was. Every poll is showing that a majority of Americans want to replace their congressmen/women; we can expect the election to bring in sweeping change. Look at the 1932 election.

    The question is, who will it be? I keep seeing people mentioning Ron Paul on the blogs and general consumer news comments, but it’s going to be tough for him to overcome the ruling elites and MSM goons. He’s just not nasty enough.

    We may (God forbid) end up with Perry. Or we may have someone rise up quickly, as Hitler did. There are a lot of people who would go for someone promising to take all their worries away and “fix” things… and will be even more if we devolve into something like what’s going on in the UK right now.

    10th August 2011 at 1:47 pm

  8. Administrator says:

    Barbarossa

    After Obama’s performance the other day, it looks like his heart isn’t in the job anymore. Maybe Obama will pull an LBJ. How about Hillary Clinton?

    10th August 2011 at 1:50 pm

  9. Thinker says:

    Off Topic, but check out what’s happening in Japan as their situation worsens: Food Riots

    10th August 2011 at 1:56 pm

  10. AwholeDr says:

    “After Obama’s performance the other day, it looks like his heart isn’t in the job anymore.”

    Admin:

    I don’t think he’s done yet though. I taught him everything I know….

    images?q=tbn:ANd9GcQ8VSyQN9gXznSJy4dyHp8Lm__KT8YlDSYWFcD3WPGa_yf4O5dV1A

    10th August 2011 at 1:58 pm

  11. Shadows says:

    Agreed. I’m feeling stronger as the months pass that Obama won’t be renominated by his own party. As things fall apart, an anti-Wall Street, anti-status quo hard left populist may challenge him in the primary. Kucinich, maybe? I can’t see Democrats flocking to Hillary. They are as sick of her as Republicans.

    10th August 2011 at 1:59 pm

  12. Golden Tool says:

    I said it in another post Bachmann vs. Clinton for 2012. Bama will bow out.

    Do unto others.

    10th August 2011 at 2:08 pm

  13. Golden Tool says:

    Bachmann will be change and Clinton will be the return to the glory years. That’s the sell.

    10th August 2011 at 2:10 pm

  14. Barbarossa says:

    @ Jim:
    Hillary would certainly satisfy all the frustrated feminists out there. But Bachman and Palin would be better than any man! Too bad the “wise latina” couldn’t run – then they could “kill two birds with one stone”!

    10th August 2011 at 2:11 pm

  15. Thinker says:

    Obama says he inherited economic problems
    By Jeff Mason | Reuters – Mon, Aug 8, 2011

    WASHINGTON (Reuters) – President Barack Obama said on Monday he inherited many of the country’s problems with high debt and deficits when he entered the White House, sounding a theme likely to dominate his 2012 re-election campaign.

    It’s stuff like this that will turn off everyone other than his staunchest (i.e., most delusional) supporters.

    10th August 2011 at 2:11 pm

  16. Kill Bill says:

    Perry is a complete tool.

    Anything he decides isnt his decision.

    10th August 2011 at 2:18 pm

  17. howard in nyc says:

    jeb bush is my long money pick too, newsjunkie.

    10th August 2011 at 2:19 pm

  18. AwholeDr says:

    Hillary, Bachman or Palin? No frickin way man. No.

    Things are bad enough now. Jeb Bush or Perry? No way, please God no.

    I still say martial law before the elections ever get here. Emperor Obama. He is obviously irritated by all the bickering and politics, so all he has to do is declare martial law and he can lead how he really wants to. After the financial system collapse and forced austerity here (see forced austerity in London/riots), it’s martial law all the way.

    Who needs to vote anyway? Does anyone think voting matters anymore? Does anything you do once every two years matter anymore? seriously…

    i-masturbate-and-i-vote-p-006.jpg?w=460&h=276

    10th August 2011 at 2:39 pm

  19. TeresaE says:

    Yet another chapter in….

    As the Collapse Burns.

    And dear gawd, with the exception of Paul every single person mentioned as potential Presidents sends the alarms ringing in my head. The potential for the Idol-heads we call “citizens” to believe the professed bullshit and then go along with any number of government sanctioned horrors is overwhelming.

    Especially the chance for Billary to end up back at the helm. Their first time around brought us open borders, unfunded mandates in nearly every department, the decimation of our manufacturing industry and the removal of Glass-Steagall. Dear gawd what horrible thing would they do this time? Last time they sold out the good jobs for the masses (not the over-educated) to increase their own net worth. A net worth that has (with HUGE contributions from Walmart & unions China & the Middle East) gone in November of 2000 to multi-millions now. This time they will try and skin us to hit the potential billions.

    I digress.

    My gut tells me China is behind this. China learned from us what to do around the world. Get the world to buy your produced or resource products, exploit your citizens or rape the land. Works really well if you need an ethnic group “cleansed” or a financial strata of society that you want to strip the assets and move to your own pile. Make tons of cash. End up owning the products, or the means to make the products pretty much worldwide. Government wins big, politicians get richer.

    Then, what you are not bribing politicians with, use said cash from the world to run around supporting whatever dictatorship or nutcase has control of the resources you need. Flood local dignitary & administration with whatever you need to keep the pillage going. Gov wins, politicians get richer.

    Now use that money to quietly build your war machine. Then stand back (while still meddling/paying) and act shocked when a powderkeg erupts. Send in troops. Profit from the death of sons. Again, gov get bigger and wins, politicians get richer.

    The US has been very good at this very formula, seems the Chinese learned how and are somehow doing it better than we ever did.

    Doesn’t bode well for us, nor the South Koreas of the world.

    10th August 2011 at 2:54 pm

  20. SSS says:

    A female in the Oval Office? How about South Carolina governor Nikki Haley? She’d lock up the Sikh Indian vote. Member of the Tea Party, too, and probably would pick Louisiana governor Bobby Jindal as her running mate. Yikes, an Indian coup.

    250px-NikkiHaley.jpg

    10th August 2011 at 2:57 pm

  21. Hope@ZeroKelvin says:

    Cartoon_LOL_03_Planned_Economy_Chicago_Tribune_1934.jpg

    Of course the guy standing on the sidelines is now the Chinese gov, not Stalin.

    History is Prophecy.

    10th August 2011 at 2:58 pm

  22. Barbarossa says:

    I voted for Ron Paul in 2008 just so I could get on the DHS’s Potential Terrorist List.

    10th August 2011 at 3:05 pm

  23. Colma Rising says:

    Should the parties nominate those women, I will be forced to write-in Paul or even Obama…

    Qualified, able or not, I will not pull the lever for menopause.

    10th August 2011 at 3:06 pm

  24. Thinker says:

    Nice one, Hope@ZK — 1934. How little has changed.

    10th August 2011 at 3:06 pm

  25. Kill Bill says:

    August 10, 2011 — Researchers have built the first functional anal sphincters in the laboratory
    http://www.sciencedaily.com/releases/2011/08/110809132220.htm

    Holy Sheet. Jest What We Needed. Test Tube Politicians.

    10th August 2011 at 3:18 pm

  26. jmarz says:

    I’m packing my bags and moving to Canada. This country is toast.

    10th August 2011 at 3:36 pm

  27. SSS says:

    Colma Rising said, “Qualified, able or not, I will not pull the lever for menopause.”

    Did CR just get doppelganged again? Anyway, my suggestion of Nikki Haley is not subject to menopause. She’s 40.

    10th August 2011 at 3:45 pm

  28. Administrator says:

    SSS

    You’ve moved on from Palin? She was your gal for awhile.

    10th August 2011 at 4:12 pm

  29. Administrator says:

    Thinker

    1934 – Five years into the last Fourth Turning.

    2011 – About five years into this Fourth Turning.

    10th August 2011 at 4:13 pm

  30. Thinker says:

    Scary, isn’t it, Jim?

    10th August 2011 at 4:15 pm

  31. Colma Rising says:

    SSS: Oh! Nikki Haley 2012!

    I was forced to rescind my Pirate Jo nomination because she back-peddaled on the “Pull The Plug” platform, but I may reconsider.

    Of course, Hope was included on my Howard/Hope for POTUS push…. but Howard said “No fucking way man” and that’s that.

    Were doomed.

    10th August 2011 at 4:21 pm

  32. Colma Rising says:

    I’m not sexist, just a realist…

    10th August 2011 at 4:22 pm

  33. matt says:

    My wife has said two things to me this week that has really surprised me. First when I read her the story of the seals shot down in afghan, she said “I hope that wasn’t us who did that” and the other was watching Rick Perry’s prayer meeting she said “if we elect a nut like him we are leaving the country” 4th turning, yeah it’s on!

    10th August 2011 at 5:45 pm

  34. SSS says:

    Admin

    I only APPEARED to support Sarah I knew it would make you grit your teeth. I am now switching gears to ……………………………

    Bachmann.jpg

    10th August 2011 at 6:16 pm

  35. matt says:

    MB looks like Sheryl Crow on a bad acid trip

    10th August 2011 at 6:23 pm

  36. Thinker says:

    Gold over $1800… Asia could be a bloodbath tonight. GBX_LINE_365DAY_BIG.PNG

    10th August 2011 at 6:28 pm

  37. bluestem says:

    That’s ok. we can still have pizza!!!!!!!!!!!!!!!!!!!!!!! John

    10th August 2011 at 8:32 pm

  38. Steve Hogan says:

    If we really must have a female president, I’d vote for Salma Hayek. I’m willing to sacrifice for my country and be her VP.

    10th August 2011 at 8:33 pm

  39. Golden Tool says:

    I’d like a slice.

    10th August 2011 at 8:34 pm

  40. Pirate Jo says:

    Hoooooooowhat??? Since when did I backpedal on the ‘Pull the Plug’ platform? I’m only carving out exceptions for my parents and MuckAbout! They don’t pay taxes anyway, it’s not like it’ll bankrupt the nation.

    10th August 2011 at 8:54 pm

  41. Administrator says:

    SSS

    Can I be Salma’s Secretary of the Interior?

    10th August 2011 at 9:41 pm

  42. Colma Rising says:

    PJ: I herebye reinstate my nomination, based on keeping Muck, the Awesome Geezer Of Greatness, around… just keep the whole “My parents” thing under wraps.

    Pirate Jo For POTUS 2012!!!

    Pull The Plug!!!

    10th August 2011 at 9:47 pm

  43. Zombie Dawg says:

    Well bugger me…

    I’ve had mental flashes of North Korea doing something like this non stop for the past week. !
    No really I have ! My psychic “abilities” seem to be increasing of late…

    And so they have popped their ugly heads up again and proved me right.

    and for my next trick – martial law in 6 US cities within 30 days.

    10th August 2011 at 10:34 pm

  44. Thinker says:

    ZD… how about 6 UK cities/towns within 30 days? One consonant off would still count.

    10th August 2011 at 10:39 pm

  45. Dave says:

    “North Korea fired a second round into the waters near Yeonpyeong Island yesterday after three South Korean shells were fired into the sea around 2 p.m. local time”

    Holy shit, were any seahorses killed?

    11th August 2011 at 9:26 am

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