United States

On Tuesday, as President Trump imposed another round of meaningless new sanctions on North Korea's banks, Trump said that while he encouraged the world to work together to end the country’s nuclear program, the U.S. is “totally prepared” for a military option, which he said would be “totally devastating” for North Korea. Which at least provides some additional detail to what H.R. McMaster meant, when he said overnight that the U.S. has prepared "four or five different scenarios" for how the crisis with North Korea will be resolved, adding ominously that “some are uglier than others."

As tensions between North Korea and the U.S. continue to escalate with every Trump tweet and subsequent response by Kim Jong-Un, National Security Adviser H.R. McMaster said that the U.S. has prepared "four or five different scenarios" for how the crisis with North Korea will be resolved, adding ominously that “some are uglier than others." 

North Korea appears to be following through with its threat to shoot down US fighter jets and bombers that travel near its airspace, as US jets and bombers did on Saturday, according to a Yonhap report - the latest sign that North Korea intends to follow through with threats made by Foreign Minister Ri Yong Ho during a speech outside the UN on Monday.

S&P futures are flat after Monday’s drop in the S&P 500 where a rout in Apple weighed on tech companies and tensions with North Korea persist; Asian stocks are modestly lower while Europe has shaken off the Korean crisis and is in the green on the back of a sharp drop in the EURUSD which has tumbled below 1.18 as the USD rises ahead of much anticipated speeches by the Fed Chair and the French president.

Authored by James Bovard via The Future of Freedom Foundation,

This year is the 100th anniversary of Woodrow Wilson’s pulling America into World War I. Many people celebrate this centenary of America’s emergence as a world power.

But at a time when the Trump administration is bombing or rattling sabers at half a dozen nations and many Democrats are clamoring to bloody Russia, it is worth reviewing how World War I turned out so much worse than the experts and politicians promised.