North Korea

Don’t Count Your North Korean Chickens Before They’re Hatched

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A few weeks ago, I was telling a few thousand of my “closest friends” on Facebook that you can’t count your North Korean chickens before they hatch. North Korea has a long history of provoking the West with Nuclear threats then backing down in exchange for “concessions” and a “Treaty”. Typically this means a cash bribe from the West in exchange for a worthless promise from North Korea.  After a while the Treaty gets broken and the cycle repeats itself.  

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The $10 Trillion Resource North Korea Has But Can’t Tap

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North Korea is making quite a bit of news these days with its crazy war threats and threatening missile launches.  It knows that in the past brinkmanship has gotten it concessions from every U.S. President since Clinton. During Clinton’s Presidency North Korea began its “Saber Rattling” in response former President Carter began negotiations that resulted in an agreement that North Korea would cease work on Nuclear weapons in exchange 500,000 tons of oil a year and $4 billion toward the construction of a light-water reactor capable of producing nuclear energy (but not weapons) . By 2003, North Korea had breached that agreement . In 2005, North Korea reached another agreement to stop production in exchange for economic and energy aid.  That deal unraveled in 2008. Since 2008 there hasn’t been much done in negotiations between North Korea and the U.S.

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