05-21-2017, 09:21 PM
*** 22-May-17 World View -- North Korea test-fires another ballistic missile
This morning's key headlines from GenerationalDynamics.com
****
**** North Korea test-fires another ballistic missile
****
![[Image: g170521b.jpg]](http://Media.GenerationalDynamics.com/ww2010/g170521b.jpg)
A ballistic rocket launching drill in Pyongyang, North Korea, on March 7, 2017 (Reuters)
Eight days after the last one, North Korea test-fired another
ballistic missile on Sunday. It flew about 500 km, before falling
into the Sea of Japan.
According to North Korea state media, Kim Jong-un "supervised" the
test firing, and "analyzed the results of the test-launch and
expressed his great satisfaction over them, saying it is perfect."
The new president of South Korea, Moon Jae-in, had promised to begin
talks with North Korea in the hopes of convincing them to stop the
tests. North Korea has not responded at all to the call for talks,
and this latest ballistic missile test appears to be intended as a
complete rejection.
Analysts generally are saying that North Korea already has the ability
to send a nuclear-tipped ballistic missile to countries and US bases
in the region, and that its development is proceeding quickly enough
that the ability to send one to the US mainland is in sight.
An opinion writer, Paul Wee, for the Seattle Times explains North
Korea's motivations as follows:
> [indent]<QUOTE>"There is something more that needs to be said. In the
> early 1950s, responding to the North Korean threat, U.S. B-29s,
> with little opposition, carried out the saturation bombing of
> villages and towns across the North. The capital, Pyongyang, was
> 75 percent destroyed with more than 3 million people killed. Over
> a three-year period, 20 percent of the population was wiped out.
>
> Then Undersecretary of State, Dean Rusk, said that the U.S. bombed
> “everything that moved in North Korea, every brick standing on top
> of another.” With the cities in ruins, attention was then given to
> the destruction of irrigation and hydroelectric dams and the
> destruction of crops.
>
> Although little is spoken or written about this side of the war,
> in North Korea it is remembered as if it happened
> yesterday. During a visit in 1984, I recall billboards along the
> main roads that purported to graphically document the destruction
> and convey the enormity of the human suffering."<END QUOTE>[/indent]
Here's what I wrote
after the last
ballistic missile test:
> [indent]<QUOTE>"The United Nations Security Council will meet on
> Tuesday to discuss the situation. They're expected to issue a
> statement condemning the missile test, calling it "unacceptable,"
> and threatening that if there's another test then the Security
> Council will hold another meeting."<END QUOTE>[/indent]
Well, not surprisingly, that has turned out to be completely true.
South Korea's new president, Moon Jae-in, has called for an emergency
meeting of the UN Security Council. AFP and Kyodo and KCNA Watch and Seattle Times
Related Articles
****
**** Socialist Venezuela again delays eliminating 100-bolivar notes despite hyperinflation
****
Hyperinflation continues in the Socialist economy of Venezuela, with
an inflation rate of 93% in just January-April of this year. The
country's bolivar currency is down more than 99% since Socialist
leader Nicolás Maduro became president in 2013.
Because the currency is becoming almost worthless, Maduro has ordered
the elimination of lower-denominated bills. The 100-bolivar bill was
supposed to be eliminated in December, but the order has been delayed
for the seventh time, and now the elimination is scheduled for July
20.
The 100-bolivar bill is currently worth about 14 US cents, and its
value is continuing to fall. The plan is to eliminate it, and print
new bills of 500, 1,000, 2,000, 5,000, 10,000 and 20,000 bolivars.
No reason has been given for the seventh delay, but in the past the
government has been unable to purchase paper because it didn't have
enough foreign exchange to be able to pay foreign suppliers.
Throughout history, Socialism has had a 100% failure rate, causing
nothing but economic disaster and dead bodies floating down the
streets in rivers of blood, while Socialist leaders bask in opulence.
Venezuela is headed down the same road, and it won't be long before
Maduro orders the army to massacre thousands or tens of thousands of
people, so that he can stay in power. Whether Kim Jong-un or Maduro,
these Socialist leaders are all the same. Latin American Herald Tribune and Reuters
Related Articles
KEYS: Generational Dynamics, North Korea, Kim Jong-un,
South Korea, Moon Jae-in, Paul Wee,
Venezuela, Nicolás Maduro
Permanent web link to this article
Receive daily World View columns by e-mail
Contribute to Generational Dynamics via PayPal
John J. Xenakis
100 Memorial Drive Apt 8-13A
Cambridge, MA 02142
Phone: 617-864-0010
E-mail: john@GenerationalDynamics.com
Web site: http://www.GenerationalDynamics.com
Forum: http://www.gdxforum.com/forum
Subscribe to World View: http://generationaldynamics.com/subscribe
This morning's key headlines from GenerationalDynamics.com
- North Korea test-fires another ballistic missile
- Socialist Venezuela again delays eliminating 100-bolivar notes despite hyperinflation
****
**** North Korea test-fires another ballistic missile
****
A ballistic rocket launching drill in Pyongyang, North Korea, on March 7, 2017 (Reuters)
Eight days after the last one, North Korea test-fired another
ballistic missile on Sunday. It flew about 500 km, before falling
into the Sea of Japan.
According to North Korea state media, Kim Jong-un "supervised" the
test firing, and "analyzed the results of the test-launch and
expressed his great satisfaction over them, saying it is perfect."
The new president of South Korea, Moon Jae-in, had promised to begin
talks with North Korea in the hopes of convincing them to stop the
tests. North Korea has not responded at all to the call for talks,
and this latest ballistic missile test appears to be intended as a
complete rejection.
Analysts generally are saying that North Korea already has the ability
to send a nuclear-tipped ballistic missile to countries and US bases
in the region, and that its development is proceeding quickly enough
that the ability to send one to the US mainland is in sight.
An opinion writer, Paul Wee, for the Seattle Times explains North
Korea's motivations as follows:
> [indent]<QUOTE>"There is something more that needs to be said. In the
> early 1950s, responding to the North Korean threat, U.S. B-29s,
> with little opposition, carried out the saturation bombing of
> villages and towns across the North. The capital, Pyongyang, was
> 75 percent destroyed with more than 3 million people killed. Over
> a three-year period, 20 percent of the population was wiped out.
>
> Then Undersecretary of State, Dean Rusk, said that the U.S. bombed
> “everything that moved in North Korea, every brick standing on top
> of another.” With the cities in ruins, attention was then given to
> the destruction of irrigation and hydroelectric dams and the
> destruction of crops.
>
> Although little is spoken or written about this side of the war,
> in North Korea it is remembered as if it happened
> yesterday. During a visit in 1984, I recall billboards along the
> main roads that purported to graphically document the destruction
> and convey the enormity of the human suffering."<END QUOTE>[/indent]
Here's what I wrote
after the last
ballistic missile test:
> [indent]<QUOTE>"The United Nations Security Council will meet on
> Tuesday to discuss the situation. They're expected to issue a
> statement condemning the missile test, calling it "unacceptable,"
> and threatening that if there's another test then the Security
> Council will hold another meeting."<END QUOTE>[/indent]
Well, not surprisingly, that has turned out to be completely true.
South Korea's new president, Moon Jae-in, has called for an emergency
meeting of the UN Security Council. AFP and Kyodo and KCNA Watch and Seattle Times
Related Articles
- North Korea sends a message with a medium range ballistic missile test (15-May-2017)
- Ancient tensions flare between China and North Korea (08-May-2017)
- China-North Korea tensions high after nuclear test (09-Jan-2016)
- U.N. promises 'response' to North Korea firing midrange missiles (30-Mar-2014)
****
**** Socialist Venezuela again delays eliminating 100-bolivar notes despite hyperinflation
****
Hyperinflation continues in the Socialist economy of Venezuela, with
an inflation rate of 93% in just January-April of this year. The
country's bolivar currency is down more than 99% since Socialist
leader Nicolás Maduro became president in 2013.
Because the currency is becoming almost worthless, Maduro has ordered
the elimination of lower-denominated bills. The 100-bolivar bill was
supposed to be eliminated in December, but the order has been delayed
for the seventh time, and now the elimination is scheduled for July
20.
The 100-bolivar bill is currently worth about 14 US cents, and its
value is continuing to fall. The plan is to eliminate it, and print
new bills of 500, 1,000, 2,000, 5,000, 10,000 and 20,000 bolivars.
No reason has been given for the seventh delay, but in the past the
government has been unable to purchase paper because it didn't have
enough foreign exchange to be able to pay foreign suppliers.
Throughout history, Socialism has had a 100% failure rate, causing
nothing but economic disaster and dead bodies floating down the
streets in rivers of blood, while Socialist leaders bask in opulence.
Venezuela is headed down the same road, and it won't be long before
Maduro orders the army to massacre thousands or tens of thousands of
people, so that he can stay in power. Whether Kim Jong-un or Maduro,
these Socialist leaders are all the same. Latin American Herald Tribune and Reuters
Related Articles
- Venezuela's currency becomes worthless, as Zimbabwe introduces new currency (08-Dec-2016)
- Hugo Chávez dismantled Venezuela's businesses on purpose to create Socialist Paradise (29-May-2016)
- Venezuela's economy approaches full-scale hyperinflation (26-Sep-2013)
- With Venezuela's Socialism spiraling into chaos, NY Times blames the mess on 'populism' (05-Apr-2017)
KEYS: Generational Dynamics, North Korea, Kim Jong-un,
South Korea, Moon Jae-in, Paul Wee,
Venezuela, Nicolás Maduro
Permanent web link to this article
Receive daily World View columns by e-mail
Contribute to Generational Dynamics via PayPal
John J. Xenakis
100 Memorial Drive Apt 8-13A
Cambridge, MA 02142
Phone: 617-864-0010
E-mail: john@GenerationalDynamics.com
Web site: http://www.GenerationalDynamics.com
Forum: http://www.gdxforum.com/forum
Subscribe to World View: http://generationaldynamics.com/subscribe
