Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity,
This week’s expected House vote to add more sanctions on Russia, Iran, and North Korea is a prime example of how little thought goes into US foreign policy. Sanctions have become kind of an automatic action the US government takes when it simply doesn’t know what else to do.
Dennis Rodman will be disappointed to learn that the US is set to ban all citizens from traveling to North Korea, according to two agencies that operate tours there. Koryo Tours and Young Pioneer Tours said the ban would be announced on 27 July to come into effect 30 days later, the BBC reported. "After the 30-day grace period any US national that travels to North Korea will have their passport invalidated by their government." The ban comes one month after US student Otto Warmbier died following his imprisonment by the Kim regime.
Authored by James Holbrooks via TheAntiMedia.org,
Geopolitical moves are being made on the issue of North Korea. A day after South Korea’s new government offered to hold military talks with its neighbor to the North, the United States’ second-highest ranking military official admitted Tuesday that North Korean missiles lack the accuracy to effectively target U.S. cities.
Authored by Tsvetana Paraskova via OilPrice.com,
Diesel and gasoline prices in North Korea have jumped since China National Petroleum Corp (CNPC) halted sales of fuel to Pyongyang, Reuters reported on Monday, citing data on prices collected by North Korean defectors.
At the end of last month, reports emerged that CNPC, the main supplier of diesel and gasoline to North Korea, has suspended fuel sales to North Korea because it is worried that it may not receive payments.
On Monday morning, we excerpted from the latest report by BofA's David Woo, who echoed a familiar lament when looking at the divergence between global political risk and the collapse in cross-asset volatility, concluding that he finds it "difficult to reconcile the record low volatility in financial markets at the moment with growing political risk in Washington and geopolitical risk in Asia.