North Korea

On the eve of a summit in Beijing, and just hours after Pyongyang's chief nuclear negotiator said North Korea is ready to hold talks with the United States "if the conditions are mature", South Korea's Yonhap reports that North Korea has fired a projectile believed to be a ballistic missile, from a region named Kusong located northwest of Pyongyang, where the North previously test-launched its intermediate-range missile.

The nature of the projectile was not immediately clear, a South Korean military official told Reuters.

Authored by Mac Slavo via SHTFplan.com,

We should all hope that the current level of antagonism between the US and North Korea eventually passes, as it has many times before. But if it does, North Korea will fade from the news cycle. And with that, most people are going to forget about some of the crazy things that country has done, including the fact that they routinely kidnap foreigners and imprison them years.

Using their signature Guy Fawkes character, the infamous hacktivist group Anonymous has issued an ominous new video - warning people around the world to "prepare" for World War 3 as the US and North Korea continue to move "strategic pieces into place" for battle.

Aphoristic as usual, below we share some excerpts from the latest weekly letter to clients by Eric Peters, CIO of One River Asset Management, in which he discusses walls of worry, the real un-risk out of Europe, desperate oil investors, and North Korean geopolitics.

Exactly two weeks after North Korea arrested Tony Kim, a Korean-American professor in his 50s at Pyongyang International Airport as he was leaving North Korea, Kim Jong-Un has again provoked the US and overnight North Korea detained another U.S. citizen tied to the Christian-backed university in Pyongyang.