Socio-Economics History Blog

Socio-Economics & History Commentary

US & South Korean Bombers and Jets Fly Over Peninsula in Display of Force

  • RT Published on Sep 19, 2017
    Two B-1B and four F-35B fighter jets from the US military joined four F-15K jets from South Korea as they flew from the Marine Corps Air Station Iwakuni in Yamaguchi over the Korean Peninsula in a military drill, Monday, in the latest display of force amidst heightened tensions with North Korea. As part of the exercise, the war planes released live weapons in a firing range.

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September 20, 2017 Posted by | GeoPolitics | , , | Leave a comment

‘We Will Have No Choice But to Totally Destroy North Korea’ – Trump at UNGA

September 20, 2017 Posted by | GeoPolitics | , , , , | Leave a comment

Ships, Subs & Helicopters: Russia & China Kick Off Massive Naval Drills Near Korean Peninsula

  • RT Published on Sep 18, 2017
    A joint Russian-Chinese naval force of more than a dozen military vessels, including submarines, will participate in the upcoming second stage of the Joint Sea-2017 naval drills in the Sea of Japan and Okhotsk. READ MORE: https://on.rt.com/8ng1

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September 19, 2017 Posted by | GeoPolitics | , , , | Leave a comment

The US Pushes Trade War With China Threatening The World’s Trading System

  • X22Report Published on Sep 18, 2017
    The entire inflation meme that the Government and Central Banks are pushing is a lie. There is a pension storm headed our way and it’s going to be horrific. Jim Rogers warns that sanctions against NK and China are going to hurt the US. The US pushes its agenda and pushes a trade war with China threatening the world’s trading system. 

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September 19, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

US B-1B Supersonic Bombers Conduct Joint Drill with S. Korea ‘as Warning to Pyongyang’ – Media

  • US B-1B Supersonic Bombers Conduct Joint Drill with S. Korea ‘as Warning to Pyongyang’ – Media
    by https://www.rt.com/
    US B-1B supersonic bombers, together with F-35B stealth fighters, have conducted a joint military exercise with South Korea in response to Pyongyang’s recent moves, South Korean Yonhap news agency said, citing a government source.

    The US military conducted a “mock bombing exercise over the sky of Korea” on Monday, the source said. After the drills, the F-35B jets and B-1B bombers returned to their bases in Japan and Guam respectively, the sources said. The drills took part several days after North Korea fired a ballistic missile, which passed through Japan’s airspace near Hokkaido.

    Tensions have been running high on the Korean Peninsula since Pyongyang conducted its sixth nuclear test earlier in September. The North claimed that it had successfully tested a hydrogen bomb which can be mounted on an intercontinental ballistic missile (ICBM).

    The United Nations Security Council unanimously approved a new resolution, banning North Korea’s textile exports and capping its oil imports following Pyongyang’s nuclear test. In response, North Korea vowed to increase its military strength. The resolution, “fabricated by the US,” proves that the road Pyongyang has chosen is “absolutely right,” North Korea says.

    In his harshest response yet, US President Donald Trump warned that Washington is ready to use the “full range” of capabilities at its disposal and might resort to using its nuclear arsenal against North Korea.

    read more.

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September 19, 2017 Posted by | GeoPolitics | , , , , | Leave a comment

A US Trade War with China Will End US Monopoly on Global Financial System – Jim Rogers

  • A US Trade War with China Will End US Monopoly on Global Financial System – Jim Rogers
    by https://www.rt.com/
    If the Trump administration puts sanctions on China, this would hurt America more because it just forces China and Russia and other countries to cooperate, says investor and financial commentator Jim Rogers.

    US Treasury Secretary Steven Mnuchin warned on Tuesday that the US could impose economic sanctions on China if it does not implement the new sanctions regime against North Korea, saying that the restrictions could involve cutting off Beijing’s access to the US financial system.

    “If China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the US and international dollar system, and that’s quite meaningful,”
    Mnuchin said at the Delivering Alpha Conference in New York City.


    The UN Security Council unanimously approved a resolution banning North Korea’s textile exports and capping its oil imports following Pyongyang’s sixth nuclear test conducted last week.

    RT spoke to famous investor, author, and financial commentator Jim Rogers to discuss global perspectives in the case of the US imposing sanctions on China.

    RT: 
    What is the likelihood that the US will go through with and actually impose economic sanctions on China if it does not implement the new sanctions regime against North Korea?

    read more.

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September 18, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | Leave a comment

The Petrodollar Doomsday Clock Just Ticked Closer To Midnight

  • X22Report Published on Sep 14, 2017
    Corporate media put out a report that Trump agreed to help the dreamers, the problem is that he denies the report. US agrees with Russia on a peace keeping force in Ukraine. US sanctions on NK will not work because there is really no goal to the sanctions. Venezuela has just taken the next step and they will now sell their oil bypassing the dollar. The petrodollar doomsday clock just moved closer to midnight. Iraq parliament turns down the Kurd referendum and remove the Pro-Kurd governor. Russia deploys the Mig 29 in Syria. The IS says they will fight until the death, there will be no evacuation.

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September 16, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

South Korea Fires Ballistic Missiles in Response to North’s Latest Test-Launch

  • South Korea Fires Ballistic Missiles in Response to North’s Latest Test-Launch
    by https://sputniknews.com/
    Two Hyunmoo-2 missiles were launched from a site near the inter-Korean border six minutes after the North fired a missile from the Sunan district of Pyongyang, Yonhap reported Friday citing the South Korean military.

    One of the South Korean missiles “accurately hit” a simulated target in the East Sea some 250 kilometers away, according to a Joint Chiefs of Staff (JCS) official. The other fell into water during the initial stage of the flight.

    According to the report, the launch was performed while the North Korean missile was still in the air. The South Korean Defense Ministry explained that it was able to make an on-the-fly response because it had detected the North’s preparation for a launch in advance.

    Earlier in the day, it was reported that had Pyongyang launched another missile, the 15th North Korean missile test this year. The unidentified projectile was heading east, according to published reports, after leaving the launch pad around 6:57 a.m. local time. The missile flew for about 20 minutes until falling into the Pacific Ocean at 7:16 a.m. about 2,000 kilometers east of Hokkaido, NHK reported citing Japanese government officials.

    read more.

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September 15, 2017 Posted by | GeoPolitics | , , , | Leave a comment

South Korean Media: North Korea Fires Missile

  • PressTV News Videos Published on Sep 14, 2017
    North Korea fires missile over Japan’s Hokkaido Island North Korea has fired yet another missile over Japan, Japanese and Korean media say, a few hours after Pyongyang threatened to “sink” its south eastern neighbor. The missile launch on early Friday prompted officials to ask people in the Japanese island of Hokkaido to take shelter. Pyongyang had threatened to “sink” Japan earlier on Thursday, saying the country “no longer needed to exist near us.” The move came less than three weeks after the North fired another missile over Japanese territories. More to follow… http://www.presstv.com/Detail/2017/09…

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September 15, 2017 Posted by | GeoPolitics | , , , | Leave a comment

North Korea Fires Ballistic Missile Over Japan, US Confirms “Ironclad Commitment To Defend” Allies

  • North Korea Fires Ballistic Missile Over Japan, US Confirms “Ironclad Commitment To Defend” Allies
    by Tyler Durden, http://www.zerohedge.com/
    Update 4: The UN Security Council is set to met at 4am Saturday Seoul time (3pm ET on Friday)
    *  *  *
    Update 3: US Pacific Command has confirmed that its commitment to the defense of Japan and South Korea (via NBC News)

    U.S. Pacific Command detected and tracked what we assess was a single North Korean ballistic missile launch at 11:57 a.m. (Hawaii lime) Sept. 14. Initial assessment indicates the launch of an intermediate range ballistic missile (IRBM). The launch occurred in the vicinity of Sunan, North Korea and flew east.

    The ballistic missile overflew the territory of northern Japan before landing in the Pacific Ocean east of Japan. We are working with our interagency partners on a more detailed assessment and we will provide a public update if warranted.

    The North American Aerospace Defense Command (NORAD) determined this ballistic missile did not pose a threat to North America, U.S. Pacific Command determined this ballistic missile did not pose a threat to Guam. We continue to monitor North Korea’s actions closely.

    Our commitment to the defense of our allies, including the Republic of Korea and Japan, in the face of these threats, remains ironclad. We remain prepared to defend ourselves and our allies from any attack or provocation.

    read more.

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September 15, 2017 Posted by | GeoPolitics | , , , | Leave a comment

US Threatens China with Sanctions – But Is It All Bluster?

  • RT America Published on Sep 12, 2017
    Secretary Treasury Steve Mnuchin threatened China with sanctions of their own if they try to circumvent the harsh new UN sanctions on North Korea. RT America’s Manila Chan has the details.

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September 14, 2017 Posted by | Economics, GeoPolitics | , , , , | Leave a comment

US Threatens To Cut Off China From SWIFT If It Violates North Korea Sanctions

  • US Threatens To Cut Off China From SWIFT If It Violates North Korea Sanctions
    by Tyler Durden, http://www.zerohedge.com/
    In an unexpectedly strong diplomatic escalation, one day after China agreed to vote alongside the US (and Russia) during Monday’s United National Security Council vote in passing the watered down North Korea sanctions, the US warned that if China were to violate or fail to comply with the newly imposed sanctions against Kim’s regime, it could cut off Beijing’s access to both the US financial system as well as the “international dollar system.”

    Speaking at CNBC’s Delivering Alpha conference on Tuesday, Steven Mnuchin said that China had agreed to “historic” North Korean sanctions during Monday’s United Nations vote. “We worked very closely with the U.N.  I’m very pleased with the resolution that was just passed.  This is some of the strongest items.  We now have more tools in our toolbox, and we will continue to use them and put additional sanctions on North Korea until they stop this behavior.”

    In response, Andrew Ross Sorkin countered that “we haven’t been able to move the needle on China, which seems to be the real mover on this, in terms of being able to apply the real pressure. What do you think the issue is?  What is the problem?”

    The stunner was revealed in Mnuchin’s answer: “I think we have absolutely moved the needle on China.  I think what they agreed to yesterday was historic.  I’d also say I put sanctions on a major Chinese bank.  That’s the first time that’s ever been done.  And if China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the U.S. and international dollar system.  And that’s quite meaningful.”

    read more.

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September 13, 2017 Posted by | Economics, GeoPolitics | , , , , | Leave a comment

US Threatens to ‘Cut China Off’ from Dollar If It Does Not Uphold Sanctions Against N. Korea

  • US Threatens to ‘Cut China Off’ from Dollar If It Does Not Uphold Sanctions Against N. Korea
    by https://www.rt.com/
    The US could impose economic sanctions on China if it does not implement the new sanctions regime against North Korea, the US Treasury Secretary has warned. Steven Mnuchin said the restrictions could involve cutting off Beijing’s access to the US financial system.

    “North Korea economic warfare works,”
     Mnuchin said Tuesday at the Delivering Alpha Conference in New York City. “We sent a message that anybody who wanted to trade with North Korea – we would consider them not trading with us.”

    The Treasury Secretary echoed the words of the US envoy to the UN, Nikki Haley, by calling the fresh round of sanctions against Pyongyang “historic.”Mnuchin added “if China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the US and international dollar system.”

    Washington has, so far, been reluctant to impose economic sanctions on China over concerns of possible retaliatory measures from Beijing and the potentially catastrophic consequences for the global economy.

    Washington runs a $350 billion annual trade deficit with Beijing. China also holds $1 trillion in US debt, which amounts to 28 percent of US Treasury bills, notes and bonds held by a foreign government.

    US lawmakers, however, seemed to be more inclined to exert pressure on Beijing and other countries striking deals with Pyongyang as they demand a “supercharged” response to North Korea’s nuclear tests, including imposing sanctions on companies from China and any other country doing business in North Korea.

    “I believe the response from the United States and our allies should be supercharged,”
     said Ed Royce, chairman of the House of Representatives Foreign Affairs Committee during a hearing Tuesday.


    “We need to use every ounce of leverage… to put maximum pressure on this rogue regime,”
     he said, adding that “time is running out.” Royce also called on Washington to target major Chinese banks, including the Agricultural Bank of China and the China Merchants Bank for dealing with Pyongyang.


    read more.

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September 13, 2017 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

‘Counter-Measures Will Cause US Pain and Suffering’ – North Korea’s Response to Sanctions

  • RT Published on Sep 12, 2017
    The UN Security Council has adopted new sanctions against North Korea, with Russia and China reiterating their call for a ‘double freeze’ plan on DPRK. Under the plan, Pyongyang would stop its nuclear and ballistic missile tests, and in return America and South Korea would stop their joint military exercises. Ahead of the vote, the North Korean leader warned that Washington would pay a price if its tougher draft resolution was passed.

https://www.infowars.com/who-gave-north-korea-nukes-in-the-first-place/

Click on image for article.

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September 13, 2017 Posted by | Economics, GeoPolitics | , , , , | Leave a comment

US Hungry for Regime Change, Nuclear Weapons are Excuse to Attack – Pilger

  • RT Published on Sep 12, 2017
    Investigative journalist and documentary filmmaker John Pilger tells RT America that US is to blame for putting the world on the brink of nuclear war. The rest of the world is mostly alarmed by the US, not North Korea. Sanctions will never work in de-escalating the situation, he adds.

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September 13, 2017 Posted by | GeoPolitics | , , , | Leave a comment