CONFIRMED: South Korean Ship Goes Down, Gold Soaring

The Business Insider ^ | 3-26-2010 | Joe Weisenthal

[blam]

CONFIRMED: South Korean Ship Goes Down, Gold Soaring

Joe Weisenthal

Mar. 26, 2010, 11:29 AM

Update 2: According to YONHAP news agency, 104 sailors were on board and only 58 have been accounted for.

Update: And now WSJ says a Korean ship went down near the border, probably due to a torpedo.

Original post: Check out gold! Rumor going around has to do with hostilities between the Koreas.

This comes the same day comments from North Korean media about Kim Jon Il wanting to drop a nuke on the west, so you can see why folks are jittery.

[snip]

[spectre]

Considering he's botched up all foreign relations with our friends lately...ZERO confidence.

[tatsinfla]

civil unrest at home....world war 3 starting abroad...martial law declared against american citizens....all elections suspended....hmmmm.....any thoughts folks...

[crosshairs]

GLD is only up 1.18% for the day.

[Carley]

And if anyone doubted that the plunge protection team was playing in the stock market.........notice the market is holding steady in the face of this act of war against South Korea.

[FReepaholic]

Just in time to rescue the economy. The GD had WW2 now GD2 will have KW2.

Plus, this will work to get everybody's attention off the health care bills.

[myself6]

We have our own war to fight right here at home.

[crosshairs]

civil unrest at home....world war 3 starting abroad...martial law declared against american citizens....all elections suspended....hmmmm.....any thoughts folks...

I'm thinkin what yer thinkin.

[crz]

Are those actual photos? Or are they from another sinking?

If actual, this isnt gonna be good.

[nothingnew]

Unprecedented? I think it would be the precedent since we've never been nuked, no?

FMCDH(BITS)

[Dave W]

LOL! - it does ring true

[Churchillspirit]

How frickin' long do we coddle terrorists and despots?

Probably until at least January 20th. 2013.

[myself6]

My thoughts center around secession...

[jiggyboy]

Hey let’s have a source for that photo — it was 10:45 PM there.

[McGruff]

We're all gonna die!

[tcrlaf]

NOTEWORTHY:
CNN has yet to mention this. They are too busy pimping National Socialist Healthcare.

[Doogle]

http://rt.com/Top_News/2010-03-26/south-korean-ship-torpedo.html

[TheBattman]

I don’t believe it. First - this will get washed by the media. Second, South Korea doesn’t have the guts to actually take appropriate actions - probably because they know that the US doesn’t have the guts to take action (or the resources).

[myself6]

Honestly? who gives a f-— right now?

Really?

Im more interested in taking out the marxists RIGHT HERE in this country. The idiots in North Korea can wait till we are done with our domestic M’er F’ers.

[Braak]

Data on the NK Navy:

http://www.globalsecurity.org/military/world/dprk/navy.htm

and, on Romeo and Whiskey class subs.

http://en.wikipedia.org/wiki/Romeo_class_submarine

http://en.wikipedia.org/wiki/Whiskey_class_submarine

In short, assuming this was a Po-Heng class South Korean Corvette (tonnage and crew compliment match up), then this was and I am pissed to say it...a pretty ballsy and capable NK sub driver.

[IYAS9YAS]

They have been at war I think. A formal truce was never signed.

The North and the U.N. signed an armistice, but the ROK didn't sign it. You are correct, they are technically still at war - with a protracted cease-fire agreement.