Tuesday, November 23, 2010


"Two South Korean soldiers were killed today in an attack by the North Korean regime on an island near the Western sea border.
The AP reported:

South Korea says two marines have been killed and 16 others injured in a North Korean bombardment of a South Korean island near the countries’ disputed western sea border.

South Korea’s Joint Chiefs of Staff said Tuesday that it returned fire and scrambled fighter jets in response. It said the “inhumane” attack on civilian areas violated the 1953 armistice halting the Korean War. The two sides technically remain at war because a peace treaty was never negotiated.

The skirmish came amid high tension over North Korea’s claim that it has a new uranium enrichment facility, and just six weeks after North Korean leader Kim Jong Il unveiled his youngest son Kim Jong Un as his heir apparent."
Gateway Pundit

"Although the U.S. Defense Department and North American Aerospace Defense Command have speculated publicly that the unidentified contrail of a projectile soaring into the skies off the California coast – and recorded by a KCBS television crew – came from a jet and posed no security threat to the U.S., several experts are raising provocative and disturbing questions about the government's official response, reports Joseph Farah's G2 Bulletin.

Two governmental military experts with extensive experience working with missiles and computer security systems have examined the television video and conclude the mysterious contrail originating some 30 miles off the coast near Los Angeles did not come from a jet – but rather, they say the exhaust and the billowing plume emanated from a single source nozzle of a missile, probably made in China."
World News Daily

"China is North Korea's most important ally; biggest trading partner; and main source of food, arms, and fuel. China has helped sustain Kim Jong-Il's regime and opposed harsh international economic sanctions in the hope of avoiding regime collapse and an uncontrolled influx of refugees across its eight-hundred-mile border with North Korea."

"Unbridled printing of dollars is the biggest risk to the global economy, an adviser to the Chinese central bank said in comments published on Thursday, a day after the Federal Reserve unveiled a new round of monetary easing.

China must set up a firewall via currency policy and capital controls to cushion itself from external shocks, Xia Bin said in a commentary piece in the Financial News, a Chinese-language newspaper managed by the central bank.

"As long as the world exercises no restraint in issuing global currencies such as the dollar -- and this is not easy -- then the occurrence of another crisis is inevitable, as quite a few wise Westerners lament," he said."

Put all these things together and the statement from Xia Bin, "then the occurrence of another crisis is inevitable" takes on a whole new meaning, doesn't it?

I'm no expert on foreign relations but I have been in a few school yard fights and really there isn't much difference. We're threatening China with the actions of the fed and its quantitative easing. No matter how powerful China has become, in the end they still need us to buy their stuff to keep the machine running. If we keep going down the path we've chosen we'll collapse. And when we go every body else goes with us.

China is firing across our bow and warning us that it won't go meekly into the night. If we continue to threaten their financial interests they will attack us.

So which war do we choose, economic or armies. Or do we surrender to China without firing a shot.

Those are our options.

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