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The $10 Trillion Resource North Korea Can't Tap
Oilprice.com ^ | 13-09-2017 | Para

Posted on 09/13/2017 2:49:23 PM PDT by bananaman22

North Korea may not have proved petroleum reserves, but it’s estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion.

Of course, there are no official reports on how much North Korea’s mineral wealth really is, but according to rough estimates from earlier this decade, Pyongyang’s deposits of coal, iron ore, zinc, copper, graphite, gold, silver, magnesite, molybdenite, and many others, are worth between US$6 trillion and US$10 trillion, as per South Korean projections reported by Quartz.

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy; Politics
KEYWORDS: commodities; northkorea

1 posted on 09/13/2017 2:49:23 PM PDT by bananaman22
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To: bananaman22

Sounds like Republicans when victory is in plain sight.


2 posted on 09/13/2017 2:53:35 PM PDT by DIRTYSECRET (urope. Why do they put up with this.)
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To: bananaman22

Which means it is really $20 to $40 trillion.


3 posted on 09/13/2017 3:00:36 PM PDT by 2ndDivisionVet (You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
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To: bananaman22

How long before some fool comes along and makes the accusation that this is the basis of our beef with Norklandia?


4 posted on 09/13/2017 3:02:48 PM PDT by Mariner (War Criminal #18)
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To: Mariner

Probably happened already.

I talked with a fairly smart guy yesterday who believed that all wars since 1871 were planned out in advance by a global Jewish conspiracy, centered in London.


5 posted on 09/13/2017 3:04:38 PM PDT by marktwain (President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
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To: bananaman22

AHhhhhhh. So that is why China wants NK in the dark ages.

If that is true, why not have Trump make a deal? Let NK become more prosperous than China, kinda like Qatar another evil empire.


6 posted on 09/13/2017 3:06:32 PM PDT by huldah1776 ( Vote Pro-life! Allow God to bless America before He avenges the death of the innocent.)
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To: bananaman22

Sounds like lefty argument prep in case of invasion of NK:

“No blood for R.E.M.s..!”

Doesn’t have quite the same ring, though.


7 posted on 09/13/2017 3:12:20 PM PDT by gaijin
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To: bananaman22
Just like the African continent. Richest continent in terms of Earth minerals but leftists have brainwashed the people that industrialization is evil, so the people resort to military dictatorships and starvation.

If every nation implemented free market capitalism, there'd be close to zero poverty around the world.

8 posted on 09/13/2017 3:14:25 PM PDT by Extremely Extreme Extremist (We're right, you're wrong - that's the end of the argument.)
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To: bananaman22

Doesn’t matter if it’s worth 100 trillion if there are no buyers.


9 posted on 09/13/2017 3:20:07 PM PDT by SkyDancer (Notice How Our Symbol Of America Is Brown And White?)
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To: marktwain

“I talked with a fairly smart guy yesterday who believed that all wars since 1871 were planned out in advance by a global Jewish conspiracy, centered in London.”

It’s true. Every day they meet at Zobler’s Deli and they enjoy a fresh bagel with lox and cream cheese before they plot to take over the world.

I mean who’d try to take over the world on an empty stomach?


10 posted on 09/13/2017 3:27:01 PM PDT by MeganC (Democrat by birth, Republican by default, conservative by principle.)
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To: Mariner

Well Mariner, it is why we are ib Afghanistan
Check where they stand on rare minerals.


11 posted on 09/13/2017 3:49:37 PM PDT by Joe Boucher (President Trump makes obammy look like the punk he is.)
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To: bananaman22

nk for decades inserted 30B/yr in counterfeit currency into US. The figure of 30B/yr is now considered to be much higher. Guessing has the counterfeit expanded??? Consider this .. jkskerry while sos met with nk officials... jkskerry carried the norks our current currency denominations with the blessings of zer0 and hitlery ....


12 posted on 09/13/2017 3:56:30 PM PDT by no-to-illegals (.There is no difference between liberals/rinos/moslems/lamestream)
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To: SkyDancer

Oh, there’s buyers.
The owner is too incompetent to _sell_.


13 posted on 09/13/2017 4:06:51 PM PDT by ctdonath2 (It's not "white privilege", it's "Puritan work ethic". Behavior begets consequences.)
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To: ctdonath2

Well there is that. All he wants is his cheese sammiches and points to things asking “Can I eat that?”


14 posted on 09/13/2017 4:08:59 PM PDT by SkyDancer (Notice How Our Symbol Of America Is Brown And White?)
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To: huldah1776

“Let NK become more prosperous than China”....

NOPE, Little Fat Boy would then make lots of rockets he can play with, at the peril of the world.


15 posted on 09/13/2017 4:28:53 PM PDT by DaveA37
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To: Extremely Extreme Extremist
If every nation implemented free market capitalism, there'd be close to zero poverty around the world.

It really boils down loosely to the Capitalists vs Communists. Every regime,blood thirsty dictator,Islamic extremist,socialist etc is in one way or another against Capitalism because that is economic and individual freedom. keeping people poor makes them more controllable and obviously dependent.

16 posted on 09/13/2017 4:58:40 PM PDT by shanover (...To disarm the people is the best and most effectual way to enslave them.-S.Adams)
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To: bananaman22

20 trillion and we should invade because our dept needs the money.


17 posted on 09/13/2017 5:01:10 PM PDT by Bayard
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To: bananaman22

“US$10 trillion.” Yeah, right. And Barry Bonds wanted to hit 800 home runs. And minimum wage should be $15 an hour. Lazy people just make up numerical totals that sound cool: ten trillion, 800 and 15.

I am still waiting for a politician to say three words: integral fast reactor.


18 posted on 09/13/2017 5:05:54 PM PDT by Falconspeed ("Keep your fears to yourself, but share your courage with others." Robert Louis Stevenson (1850-94))
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To: bananaman22

So, Let China mine the NK minerals and we will mine the $14 trillion in Afghanistan.

But yes it’s about letting little girls go o school.


19 posted on 09/13/2017 7:05:23 PM PDT by Vermont Lt (Burn. It. Down.)
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