With North Korea threatening to detonate a nuclear weapon over the Pacific Ocean as its leader and President Donald Trump casually bandy about threats of thermonuclear annihilation, people in the US and Japan are understandably starting to worry.
On Sunday evening, President Trump announced he would replace his controversial travel ban with a targeted list of restrictions that will enhance vetting for nationals from eight countries, and restrict or prohibit entry of citizens from North Korea and Venezuela among others, to the United States as part of a sweeping new travel ban that also slaps restrictions on Iran, Chad, Libya, Syria, Yemen and Somalia - countries that hardly have a "thriving" tourism industry with the US.
The war of words between Trump and Kim escalated once again in the late hours on Saturday night, when President Trump sent another belligerent tweet directed at North Korea saying that if the country's foreign minister was speaking for North Korean leader Kim Jong Un in his threatening speech at the United Nations, "they won't be around much longer."
"Just heard Foreign Minister of North Korea speak at U.N. If he echoes thoughts of Little Rocket Man, they won't be around much longer!"
Just before North Korea’s foreign minister was due to address the United Nations, the Pentagon announced that U.S. Air Force B-1B Lancer bombers escorted by fighter jets flew in international airspace over waters east of North Korea on Saturday, in a show of force which "demonstrated the range of military options available to President Donald Trump." The flight was the farthest north of the demilitarized zone separating North and South Korea that any U.S. fighter jet or bomber has flown in the 21st century, the Pentagon added.
Authored by Doug Kass via RealInvestmentAdvice.com,
* In a paperless and cloudy world, are investors and citizens as safe as the markets assume we are? –Kass Diary
Another provocative missile launched by North Korea and another apparent terrorist attack in London, England, are, once again, overnight and early-morning features of our reality as investors and as citizens.