Posts Tagged ‘kim jong il’

The New Ledger

The Legacy of Kim Jong-il and the New North Korea

by The New Ledger

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On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Joshua Stanton to discuss the legacy of North Korea’s Kim Jong-il, the atrocities committed under his rule, and what the country’s new leadership might look like.

We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you can do so at coffee[at]newledger.com. We hope you enjoy the show.

Related Links:

Kim Jong-il, North Korean Dictator, Dies
Global fears of North Korean nuclear arsenal heightened by leader’s death
One Free Korea

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The New Ledger

Responding to the Crisis in North Korea

by The New Ledger

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On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Joshua Stanton of One Free Korea to discuss the latest developments as tensions remain high in the dispute between South and North Korea.

We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you can do so at coffee[at]newledger.com. We hope you enjoy the show.

Related Links:

TNL: Overthrowing Kim: A Capitalist Manifesto (Part 1)
WikiLeaks: China weary of North Korea behaving like ’spoiled child’
S. Korea’s Fine Line: Talk Tough, Keep Finger Off Trigger
North Korea provokes neighbours with ‘new’ nuclear facility announcement
One Free Korea

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Of Thee I Sing  1776

Failure to Prevent A Nuclear North Korea: Does It Foreshadow a Nuclear-Armed Iran?

by Of Thee I Sing 1776

Last week the North Korean government (officially, the Democratic Peoples’ Republic of Korea, a misuse of the word “democratic” if ever there was one), threatened a massive nuclear strike if the United States and South Korea carried out their annual “war games” in international waters.  This set of war games is being conducted to demonstrate that both South Korea and the U.S. maintain considerable, well-coordinated military strength in the region, and that the action of North Korea, in sinking a South Korean ship, the Cheonan, was intolerable and that it would not be permitted to pass unnoticed.

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This somewhat more muscular response follows another feckless resolution from the United Nations, which condemned the attack on the ship but not the attacker.  Why the fear of offending this bankrupt nation that cannot feed its own people, all of whom live in a virtual prison camp?  The answer is obvious; – it is estimated that North Korea has a nuclear arsenal of up to 10 nuclear bombs They also have a missile delivery system, and so the world must wait with bated breath to see what the stroke-ridden dictator of North Korea, Kim Jong Il, known to his people as Dear Leader, will do in response to the war games.

We bring up North Korea to emphasize the outsize influence a rogue state can have if it possesses nuclear weapon capability.  The immediate relevance relates to Iran’s nuclear program on which there appears to be a consensus that weapons grade plutonium is being developed, and that a bomb will be manufactured shortly thereafter.  Whether the world is months or years away from Iran’s demonstration of its nuclear capability, we do not know.  Recently, CIA Director, Leon E. Panetta, stated that Iran already has material for two atomic bombs.  As we know, one nuclear bomb going off could spoil your whole day.

President Obama has spent a little more than a year reaching out to the Iranian regime to no avail.  No serious negotiations commenced.  Although the Iranians deny that their nuclear program is for other than peaceful uses, it will not permit international inspectors to verify that claim.

The International Atomic Energy Agency, in a report this spring on Iran’s nuclear program, suggested that Tehran has produced 2400 kilograms of low enriched uranium, which is apparently enough to build two atomic weapons after the material is further enriched.  Iran has made clear its intention to further enrich its uranium, and, tellingly, has agreed to ship, for storage, only 1200 kilograms (or half) of its stockpile to Brazil and Turkey under the much heralded fig-leaf pact it entered into with those two nations last May.   Accordingly, the United Nations, the European Union, and the United States recently imposed further economic sanctions on Iran in hopes that this set of sanctions will convince the Iranians to abandon their nuclear efforts.  We think that is very unlikely.

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Publius

Wednesday Open Thread: Dear Leader Edition

by Publius

North Korea has cut off all contact with South Korea and is threatening war with its neighbor. The Chia Pet who runs North Korea has a long history of bluster and bombast. Nothing is quite what it seems in the old Hermit Kingdom. Still, it merits monitoring.

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