China

What the N. Korean “Crisis” Is Really About

Paul Craig Roberts

The North Korean “crisis” is a Washington orchestration. North Korea was last at war 1950-53. N. Korea has not attacked or invaded anyone in 64 years. N. Korea lacks the military strength to attack any country, such as South Korea and Japan, that is protected by the US. Moreover, China would not permit N. Korea to start a war.

So what is the demonization of N. Korea by the presstitutes and Trump administration about?

Authored by Gene Frieda via PIMCO's blog,

Following the defeat of the new U.S. healthcare bill, investors have begun to rethink the likely time frame and extent of the Trump administration’s other top priorities, such as fiscal stimulus. Equity markets stalled and bonds rallied as investors toned down their expectations for global reflation recently.

Earlier this morning we reported that according to Korea Times, China had allegedly sent North Korea what amount to a final warning over its military provocations. The rumor cited the May issue of Hong Kong monthly news outlet Dong Xiang. It said a Chinese Ministry of Foreign Affairs junior minister invited Park Myung-ho, an official of North Korea, for a meeting. China's Foreign Minister Wang Yi attended the meeting and asked his junior to read aloud the warning to the North over the nuclear test.

After reaching one month highs on Monday, copper futures prices have tumbled to near 3-week lows amid slowing China credit impulse-driven economic signals (PMIs weak) and a surge in LME stockpiles.

• *LME COPPER STOCKPILES JUMP 12%, MOST SINCE MARCH 9

And the market reacted...

With President Trump placing his faith in China's ability to keep its neighbor under control - through threats, promises, or oil embargoes - it appears, according to unconfirmed rumors spreading widely on Chinese social media Tuesday, that North Korea just got its final warning.

As Korea Times reports, Chinese news outlets have previously said Beijing could turn its back on Pyongyang if the latter conducted a sixth nuclear test. But the rumor that China has given North Korea a final warning has drawn particular interest from Weibo users.