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North Korea may be sitting on a $6 trillion resources stockpile
Business Insider ^ | July 13, 2018 | Sam Jacobs

Posted on 07/13/2018 12:06:44 PM PDT by 2ndDivisionVet

Recent negotiations between North Korea's Kim Jong Un and US President Donald Trump have provided a glimmer of hope for the hermit kingdom's economic outlook.

Markets are now watching to see whether the North Korean leader follows through with his pledge to denuclearise. The next step will be policy reforms, which will open North Korea's economy to foreign investors.

Credit Suisse analyst Trang Thuy Le estimates North Korea could become a $100 billion economy within 10 years if it takes a path towards modernisation.

Even it happens, a $100 billion economy still comprises just 0.1% of today's global GDP....

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


TOPICS: Business/Economy; Chit/Chat; Government; Society
KEYWORDS: industry; korea; minerals; mining; northkorea
President Trump should make Chairman Kim Jung Un a deal: We come in their and mine those minerals and we keep 75%. Every family in North Korea get 5lbs of choice meats, a bag of rice and sufficient kimchi each week plus we modernize the power grid, rehabilitate and stock the hospitals, build some resorts and family housing. I've seen estimates in other articles that it could be North of $60 trillion dollars.
1 posted on 07/13/2018 12:06:44 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

All he has to do is look south to see what is possible for Korea.

The night satellite photo of the two Koreas is stark in its clarity.


2 posted on 07/13/2018 12:15:17 PM PDT by Lurkinanloomin (Natural Born Citizen Means Born Here of Citizen Parents__Know Islam, No Peace - No Islam, Know Peace)
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To: 2ndDivisionVet

We would get it built, and the Chinese would do everything they could to back a NK takeover of the mines.


3 posted on 07/13/2018 12:15:26 PM PDT by Ingtar
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To: 2ndDivisionVet

Kim doesn’t care about North Korean economy or the North Korean people. Kim cares about Kim, and keeping his nukes, and maintaining his power. As long as he’s got that then nothing and nobody else matter.


4 posted on 07/13/2018 12:18:22 PM PDT by DoodleDawg
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To: DoodleDawg

We need to send a four-striper Navy captain to his leadership team to explain the Trident missile and it’s MIRV capability.


5 posted on 07/13/2018 12:22:51 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: 2ndDivisionVet
We need to send a four-striper Navy captain to his leadership team to explain the Trident missile and it’s MIRV capability.

If Kim loses power, regardless of how it comes about, then he's dead. And he knows it. Going up in a mushroom cloud probably doesn't frighten him as much as what segments of his own population would do to him.

6 posted on 07/13/2018 12:25:59 PM PDT by DoodleDawg
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To: 2ndDivisionVet

So just because of those minerals, we should “make a deal” with North Korea, where they keep their dictatorship, their military stance, their missiles and even a few nukes, so “western coporations” can have some of the minerals??

I hope we (Trump et al) are not that stupid!!!!


7 posted on 07/13/2018 12:26:51 PM PDT by Wuli
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To: Wuli

Show me where I said they keep their nuclear weapons or the rest on your list. Putting words in my mouth is not how I want to have a conversation. Agree?


8 posted on 07/13/2018 12:30:40 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: DoodleDawg

Those are weapons we have now, today, not five years in the future. We could send them back to the Stone Age with a single missile from a single submarine. Today, if we wanted to. That’s the “hard place” you push against when you play games with President Donald Trump versus Mr. Obama or President Jimmy Carter. Do you believe that Red China or Russia would go to war with us over North Korea?


9 posted on 07/13/2018 12:36:05 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: 2ndDivisionVet
Do you believe that Red China or Russia would go to war with us over North Korea?

Nuke North Korea and, depending on how the winds are, you spread fallout over South Korea or Japan or China or Russia. How do you think they will like that? The U.S. can't nuke North Korea, and Kim knows it.

10 posted on 07/13/2018 12:46:19 PM PDT by DoodleDawg
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To: DoodleDawg

We nuked Japan twice without worrying about any of that and if we need to destroy North Korea we will.


11 posted on 07/13/2018 12:49:13 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: 2ndDivisionVet

Enough to buy every North Korean a Big Mac combo!


12 posted on 07/13/2018 12:49:50 PM PDT by Spok ("What're you going to believe-me or your own eyes?" -Marx (Groucho) to sun spot6)
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To: 2ndDivisionVet
p01c

"How many meatlovers pizzas is that....

13 posted on 07/13/2018 1:13:40 PM PDT by Snickering Hound
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To: Ingtar

The Chinese want to mine in Afghanistan, too. I think maybe there, since Mattis wants more boots, we should have companies invest, too.


14 posted on 07/13/2018 1:33:56 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: 2ndDivisionVet

I am not putting words in “your” mouth.

My response is to article itself, not you. And it reflects how I doubt the authors of the article are looking or concerned about whether or not North Korea would be imposed to give up anything, to get trade agreements for its minerals from “the west”.

We seeem to be heading down the same rabbit hole of diplomacy was the Libs had us embark on for the “opening” with China, selling the fiction that economic engagement with China will bring political Liberalization. All it did was enrich China so she could fund her modern-day bullying in Asia, with zero political Liberalization.


15 posted on 07/13/2018 2:44:04 PM PDT by Wuli
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To: huldah1776

The Chinese already are mining Afghanistan. They paid off the tribal elders and now run the world’s largest copper mine there.


16 posted on 07/16/2018 3:28:56 AM PDT by ViLaLuz (2 Chronicles 7:14)
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To: 2ndDivisionVet
President Trump should make Chairman Kim Jung Un a deal: We come in their and mine those minerals and we keep 75%. Every family in North Korea get 5lbs of choice meats, a bag of rice and sufficient kimchi each week plus we modernize the power grid, rehabilitate and stock the hospitals, build some resorts and family housing.

North Korea is a sovereign nation with about 40 million people. About 4 million are military and government workers, and they live fairly modern lifestyles. About 36 million are starving and freezing in the dark. The offer that Trump showed Kim in the video in Singapore is that Korea can build its own functioning economy, put its own people to work in that economy, engage in trade with other nations (as an equal nation, not as a colony of this or that superpower; what a novel concept). Korea can build a modern society, with cities comparable to Singapore or Hong Kong. That is the vision that Trump gave Kim, along with the idea that Kim would be revered for 1000 years among the Korean people for the changes that would come.

Democrats, RINOs, and elitist snobs of all sorts in all nations, view people as domesticated livestock. Trump is showing the world that the words of our Declaration of Independence apply to all people of all nations. "We hold these truths to be self-evident …". The idea was there long before Trump; it just got lost.

17 posted on 07/16/2018 4:40:39 AM PDT by meadsjn
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To: ViLaLuz

yowza, didn’t know that. money talks.


18 posted on 07/16/2018 7:28:21 AM PDT by huldah1776 ( Vote Pro-life! Allow God to bless America before He avenges the death of the innocent.)
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To: ViLaLuz

Is this mine the Mes Aynak?

https://www.freightwaves.com/news/2018/1/15/chinas-epic-fail-in-afghanistan


19 posted on 07/16/2018 7:36:14 AM PDT by huldah1776 ( Vote Pro-life! Allow God to bless America before He avenges the death of the innocent.)
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To: huldah1776

Yes, that’s it! Interesting update. Early on the floundering started. The Afghans were complaining China promised them mining jobs. It turned out the Chinese brought in their own people and secured the mine against the Afghans, which in turn created a huge security problem. I had no idea it stalled completely. Must be the payments to the local elders stopped, along with the other issues noted in the article.


20 posted on 07/16/2018 10:53:50 AM PDT by ViLaLuz (2 Chronicles 7:14)
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