#northkorea

The Left attacks the peacenik

You have to hand it to the modern left. Before he was elected, Hillary Clinton said we needed to worry about his access to the nuclear codes. The media ran wild with the narrative. Unhinged psychiatrists wrote a book on the danger. We wrote about their lack of professionalism and breach of the Hippocratic oath.

Yet 4 years later Trump has brokered significant peace deals and is in danger of being the first president in four decades not to start a war. Even Obama attacked Libya.

Now the left is criticizing Trump’s nomination for a Nobel peace prize by a conservative Norwegian politician. He is far more deserving than Obama who basically was awarded one for basically nothing of note.

Why can’t we just accept that Trump has done some remarkable things on the foreign policy front. Israel/UAE (Bahrain to follow), crossing the DMZ in North Korea instead of looking from behind a bulletproof glass partition. Serbia is about to move its embassy to Jerusalem following Trump who finally did what multiple presidents put off.

A sensible nominee and most certainly a deserved winner and one which would restore the award’s status after giving it to Obama for basically being elected.

One doesn’t have to like Trump for his vulgarity and caustic tongue but he has gotten results.

Trump mid term victory more probable than not

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Actions not words. Forget all of one’s personal opinions (hatred) of Trump and analyze the facts.  This is a picture of Obama trying to rally Democrats in Nevada this week. Despite the small audience, Obama mentioned himself 92 times in 38 minutes as opposed to talking up the candidate he was there to support. Sounded like a desperate attempt to save his own legacy. The following pictures are of Trump’s rally for Ted Cruz in Houston, Texas.

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Conventional wisdom tells us that the party in opposition tends to get the House in the mid terms. Politics is in such a funk, why would we for one second believe that consensus should be the default in November 2018? How did that work out on 2016?

Ahh yes, but the Democrats have learned from treating the prior election as a coronation for Hillary Clinton. They’ll be out in droves. No doubt they will but after the Kavanaugh debacle in the Senate and over 10,000 strong Honduran caravan surging to the US southern border (the Dems have been eerily quiet over this) it only plays to Trump’s domestic agenda. What many overlook is that ICE records indicate there are  474,000 illegal immigrants still in the queue for processing. Four hundred and seventy four thousand. Think of the costs to process that.

So to the polls? They were wildly inaccurate at the 2016 election. Largely because they are telephone polls to 1,000 people with landlines. Hardly an accurate assessment. Only old folk have landlines now don’t they?

A MSN (left leaning) online poll conducted last month showed 76% of 73,000 would lean Republican in the mid terms. How valuable are polls? Let’s be honest, a Fox poll leaning to conservatives and and a CNN poll swaying to liberals Shouldnt shock anyone. It is the anomaly that should cause us to question a mood as this MSN poll did. Are 73,000 people representative of the 250mn eligible to vote? More than 1,000 would be that is for sure.

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Once again, forget personal dislikes for Trump. If a p*ssy grabbing, racist, xenophobic, bigoted, nationalist silver back Nazi orange buffoon as he is often referred to as can get this many people to a gathering imagine if he had none of the baggage? Potentially less people because there is not as much shock value.

CM has said for ages that the mainstream media is his best ally. The constant one-eyed bias against him only gives more air time. He is a showman. The White House has become  a reality TV program. All the MSM does is feed his exposure. Sadly ratings reflect that he is winning. The media can only tell the public that Trump is the antithesis of the establishment so many times before it wears thin and people tune out.

Then again perhaps it is more telling that the average American doesn’t look to him as a spiritual leader. Or put that another way, the mid terms will be a measure of how successful he has been to date (even if blasted Russian bots meddling in the voting machines are behind it).

If he has genuinely helped put Americans on a better financial footing in their minds that is all that matters to them. Call Stormy ‘Horseface’, slag off Blasey-Ford for her amnesia and bash CNN at a rally for “fake news”. None of it matters. It appears Americans are less likely to be intimidated by thuggery (chasing Republicans out of restaurants or shooting them) of the left than to join their ranks as the #WalkAway campaign has demonstrated.

Trump is the most left field curve ball President in US history.  So unconventional in his diplomacy. He has shown that pushing back can get results. Whether smashing NATO members for failing to execute on  their own self imposed military spending targets, stopping Rocketman testing nukes or getting Juncker to sign an FTA a week after he stumbled blind drunk at a NATO summit there is some method to the madness.

In two weeks time we’ll get a result which will reflect the mood of America. The observation of CM is that the Dems are playing all the same party tricks as the 2016 election albeit at 11.

CM may be well off the reservation on this but those same vibes from Nov 2015 suggest Trump may well upset decades of history. Fake views? Allie Stuckey did a rather amusing parody of the Democrats here.

We’ll know soon enough.

F*ck Trump?

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Would DeNiro have got the same rapturous applause at the Tony’s for saying “F&ck Trump” if it were held this evening? Most likely answer is yes. Hollywood and the liberal mainstream media outlets can’t wipe the bitter taste from their mouth that the man they despise so much has done something not seen since Reagan and the fall of the Berlin Wall. While details of any negotiations are sketchy it is without a doubt a milestone in history.

They say “it takes one to know one.” Even if it holds true that both are narcissistic madmen, that’s what it took to achieve these talks. This is the power of unpredictability. Unlike the gutless and all too predictable diplomacy of recent decades, expediency has not been put before principle. It took a horses’s head in the bed to make Kim realize that he must reform. Better to do so on terms that are in his favour than face military reprisals. Sometimes being the most powerful military in the world has its advantages. After all Al Capone said, “I grew up in a tough neighborhood where I learnt you could get much further with a kind word and a gun than just a kind word.”

How political elitism has been exposed since he took office. While Trump has had a volatile revolving door in his own administration, how telling to see the smiles wiped off the face of G-7 cronies. Instead of working for the greater good of constituents they seem insistent on padding future careers in bodies they have set up for life outside politics. Spineless and literally “brow” beaten.

Unconventional, brash, rude, petulant, moody or whatever else the liberals want to rightly or wrongly categorize Trump as, DeNiro would be well advised that the global audience witnessing Trump shaking hands with Kim are probably overwhelmingly applauding the President indirectly saying “F*ck DeNiro”

Will liberal media go back to reruns of Stormy Daniels or admit they have been so wrong?  Expect belittling articles downplaying the significance of these talks. Whatever they scribe the script for the 2020 re-election is already written, even if Bill Maher gets his wish for a recession.

Xi and Trump summit In Singapore

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On May 25th, CM wrote after the spat between Trump & Kim, “It will be China sending Kim back to the meeting table with Trump because it will ultimately be managing the protectorate after any peace is signed for its own geopolitical aims. China does NOT want US friendly forces on its border. Best keep the buffer by getting Kim to accept a lesser deal where he gets to keep his life. For a man in his early 30s he can either choose to go down fighting or see out his days with the embezzled billions and bevy of beauties in his concubine.

Shouldn’t the fact that China provided Kim Jong Un with a “private” jet to get to the summit speak volumes about who his interests represent? While the US State Dept might quibble over minibar expenses at his hotel in Singapore, President Xi is showing he’s truly behind the outcomes from North Korea’s side. The Chairman is but a puppet.

China only wants reunification if that means US Forces leave the South. That is unlikely to be on the cards so Kim can de-nuclearise and clutch to the bosom of Xi.

As CM wrote back in August 2017, China will turn North Korea into a puppet state. Kim knows it is best to hitch his wagon to the world’s most ruthless regional power in coming decades. He only needs to bear 6.5 years of Trump. President Xi will be around for decades.

Folly of The Economissed

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On a flight back to Tokyo this week a copy of The Economist was in the magazine rack. A subscription had long been cancelled for its plunge into yet another group think rag. A long time ago, the magazine was regarded as the go to for objective journalism from economics, geopolitics through to specials. Now it is little more than a cheerleader. A chance was given to see if things had changed. If anything it has gotten worse. This article on the peace deal only reinforces the pathetic bias and wish that Trump losing is preferable to any alternative including world peace.

For no sooner had Trump sent a letter calling the peace talks with North Korea off, The Economist was writing about humiliation. They’ve got to be kidding?

While even the blind can see any postponement is a setback, it is not without reason. Trump has made absolutely clear from the beginning – ‘peace or business as usual. Your move Kim.’ 

This started when Kim Jong-Un fired angry remarks when long scheduled war games were  commenced by the South. If one wanted to gift the upper hand to the North Koreans in the negotiations then stopping annual war games would be a great way to do it. It was tactical.

Glass jaw or not, firing salvos at Vice President Pence or standing up US envoys is not conduct becoming peace talks. Trump’s letter sounded somewhat childish with respect to comparing arsenals again but the point being made to Kim is clear – “we’re not playing. Put up or shut up!

This is exactly what you’d want Trump to do. Not some Obama era red line which crossed carries no consequences. This is exactly why there is so much geopolitical instability thanks to 8 years of utter weakness in foreign policy. This isn’t about humiliation at all. This about a world leader who is using clear military and economic strengths at the negotiating table with a dictator who 6 months ago threatened to nuke Guam. We should not want Trump to appease at any cost which we’ve seen throughout history carry devastation.

The reason Kim was drawn to the negotiating table was because China realized the new sheriff wasn’t bluffing. Why was Beijing Kim’s first state visit before shaking hands on the 38th parallel with President Moon?? He was seeking assurances from the other dictator on staying in power lest booking a plot of land in exile in Sichuan province if things require him to step down.

Kim needs to realize that the ‘throwing toys out of the cot strategy’ of decades past no longer works. He was hoping to get an apology from Trump along with better concessions ahead of the negotiations. Trump essentially told him the ‘art of the deal’ in that the status quo remains if he doesn’t wake up to harsh realities. Sending home three American hostages was a token.

It will be China sending Kim back to the meeting table with Trump because it will ultimately be managing the protectorate after any peace is signed for its own geopolitical aims. China does NOT want US friendly forces on its border. Best keep the buffer by getting Kim to accept a lesser deal where he gets to keep his life. For a man in his early 30s he can either choose to go down fighting or see out his days with the embezzled billions and bevy of beauties in his concubine.

To take The Economist at its journalistic integrity, it will be secretly happy if North Korea doesn’t sue for peace because any victory for Trump is something it can’t swallow. For the magazine to have that level of disingenuous editorial speaks volumes about turning a once prestigious brand into a tabloid. Reading through the blurb of The Economist’s 2017 Annual Report and the trends tell the story.

How would you like to save the planet?

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Climate alarmists are an interesting mob. E&E Research cites that moving North Koreans toward basic necessities you and I take for granted (e.g. electricity) might necessitate coal fired power stations being erected. That would lead to a growth in emissions as the country is rich in coal reserves. This must be stopped immediately.

E&E’s Daniel Kish said, “North Koreans reduce carbon dioxide emissions by eating, rather than burning, twigs. That’s what central control always ends up doing,

So it would seem that keeping North Koreans in the dark and encouraging its dicactor to keep developing nukes and oppressing the population is preferable in order to stop global warming. Why not keep all developing nations from jumping on the grid? Why not sacrifice their people for the greater good of the world. How can E&E continue its work if sacrifices aren’t made elsewhere?!.

Saving the planet is a grand idea…but how? Is it any wonder climate skeptics keep questioning the science….?

Who will get the Nobel Peace Prize for helping end the Korean War – Kim, Moon & Xi or Trump?

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Will President Donald Trump be awarded the Nobel Peace Prize for getting Kim & Moon to the peace table? It is unlikely in so far as the Norwegian Nobel Committee would fear the full weight of international opinion (aka mainstream media) for doing so. Surely they wouldn’t risk making a mockery of such a coveted award? Then again a one Barack Obama was handed one less than 9 months into his first term on the stated basis of a noble quest for the Holy Grail of world peace rather than anything actually achieved. In 2016 alone, the Obama administration dropped 26,171 bombs on enemies. Not bad for a serial appeaser. A Nobel prize has even been awarded to a multi billion dollar embezzling terrorist of a self appointed authority, so Kim Jong-un is in with a shot.

Will Trump receive any credit (even without a Nobel) for pushing ‘Rocketman/The Fat Kid’ to the negotiating table? Probably not. How come no other administrations were able to achieve something that was relatively easier when the state of the North’s arsenal was considerably less lethal? Kim threatened Guam less than half a year ago. Trump didn’t back down and the North Korean dictator clearly realized from Twitter that the most powerful man in the world wasn’t all bluster. President Xi may well have played a solid hand in pushing Kim to sue for peace negotiations. In the interests of President-for-life Xi, his foe Trump has a maximum 7 years left to meddle. If Korea gets a peace deal, Xi can play hardball on the peninsula if a softer President enters the White House thereafter. Then he can take a stab at Taiwan. Xi can afford to wait.

We should not forget that Kim Jong-Un travelled to China on his first ‘overseas’ visit earlier this year. Best get the approval of a real dictator before progressing. Kim was there to get Beijing’s blessing to ensure North Korean sovereignty come what may so as to maintain the desired geographical buffer to pro-US nations.

Noone said peace isn’t desirable. The question is what price must one pay to get it? There are too many incidents in the past where signing peace treaties with dictatorial regimes have ended in disaster. Hitler/Chamberlain (Munich Agreement), Hitler/Stalin (Pact of Steel), Putin/Merkel/Macron (suggestion of UN in Ukraine), Le Duc Tho/Kissinger (Paris Peace Accords over Vietnam), Xerxes II/Leonidas (Greece) etc.

Will part of the denuclearization ‘deal’ call upon a withdrawal of US Forces from the Korean Peninsula? Would the US go for that? Highly unlikely. Would Moon be so gullible as to suggest a (slow) withdrawal? Of course he has the right to demand a foreign garrison pack up and go home. Trump may have pushed China and NK to act but he’d prefer the status quo than to roll over and vacate the premises. China wins in either scenario. America certainly doesn’t want to pay for the same real estate twice. Some quarters in South Korea must surely want the US military to stay as an insurance policy. Afterall how can one trust someone who comes from a dynasty that kills its own people and assassinates family members? Worryingly Moon looks to have a certain ring of Chamberlain about him.

It was clear that North Korea was dictating the moves at the Winter Olympics. It was South Korea who funded the $3mn in travel costs for the cheer squad. Anything that looked to mock the North Koreans was swiftly dealt with. It spoke volumes about which Korea was calling the shots. Anyone impersonating any other world leader could do so with reckless aplomb. Anything resembling Kim Jong-un  was quickly removed from sight. Tyrannies rarely do humour and sadly not enough democracies defend it. Still it is hardly an encouraging sign for even handed peace talks when one side looks to appease in this way.

Kim Jong-un is smart enough to realize at such a youthful stage in his life that he probably has another 40-50 years left in him. Reunification only works if he is given sanctuary. Idi Amin saw the beauty of a life in exile in Saudi Arabia. If Kim Jong-un can relax in Sichuan Province it maybe a dignified way out. One can bet his ‘some are more equal than others’ inner sanctum would rather the two stay separated. They would stand to lose way more than Kim.  It would be ridiculous to assume that Kim could be a major cog driving a reunification process with such an abysmal human rights record. Name a despot who would willing cede authoritarian rule much less without a deal which would exonerate him from any international criminal court that he would be held accountable for under a functioning democracy?

The South Koreans have had a think tank in Berlin researching the effect of reunification in Germany. The former West is still heavily subsidizing the former East. Depopulation (-15% between 1989 & 2013), unemployment rates (higher today that 1989) and inferior GDP per capita (27% less) are all a feature of the former communist state vs the federal republic over the last three decades.

How easily could South Korea absorb the North? West Germany had a population of 63mn in 1989 vs 16mn in East Germany or 4:1. South Korea has 53mn vs North Korea’s 24mn or 2:1. West Germany had a 2.3x GDP/capita ratio to the East in 1989. South Korea has a 52x GDP/capita ratio to the North. Reunification for Korea isn’t an apples to apples comparison with Germany. While Samsung might relish the prospects of tapping a cheap labour pool to build washing machines, the South would likely face far higher integration costs than the Germans. Even 30 years ago East Germany had a GDP/capita 17x that of North Korea.

In any event the only sure outcome of peace on the Korea Peninsula is that President Trump will get next to zero credit in the media. Wailing about the reckless diplomacy of an unhinged dictator will be the main with a few conceding it was at best a fluke.

Usually a mutually exclusive headline in WaPo

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Surprising to see such an opinion piece in WaPo. Usually mutually exclusive subject matter with such a title. Admittedly the author said she had incredibly low expectations.

My Button is bigger than yours

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Purile but effective. The message has gone around the world. How is it more people are worried about his language than the ability for a nation like the DPRK to possess a capability to strike the US? How many times have we seen the North Korean’s nuke technology end up  in the wrong hands – e.g. Syria. Spurn the US for its post war foreign policy but it’s a known devil.

Back to mine is bigger than yours – unorthodox message delivery but why is anyone in the least bit surprised? How can anyone feel outrage at something that has happened almost daily for nearly 12 months straight? One should be howling if he wasn’t doing it! Then one could truly call him an unhinged lunatic because one would be worried that he was unpredictable.

Let’s not forget that China has recently told the world what it thinks of the UN sanctions by continuing to trade oil with the rogue nation. Trump told Xi than no amount of theatre by hosting a dinner in the Forbidden City will give them any free passes like his predecessors. Let’s not forget the farewell message sent by China to Obama on his last state visit – no stairs, no red carpet and no senior delegates. He exited by the emergency stairs of Air Force One. What a humiliation.

It is reasonably unstatesmanlike to be sure but the message is pointed at China not Kim. Quit screwing around is the message. If China doesn’t take care of business with its ‘tenant’ the US will evict him for it.

For all those panicking that a nuke strike is on the horizon Korean CDS spreads are 52. At the first stage of the verbal exchange several months back they were mid 70s. Yawn.

2018 – no more space for multiple ‘elephants’ in the room

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The Contrarian Marketplace wishes everyone a Happy New Year and prosperous 2018.

As oft the case people are busy making new year’s resolutions. CM mission doesn’t change. It aims to further energize the spirit of enquiry. To be the maverick voice that will not be silenced. We live in a world where we need to become comfortable being uncomfortable. We can no longer hide behind group think Because we feel it is dangerous to challenge consensus views. CM won’t buckle to identity politics, victimhood or social justice.

However that will never exclude us from criticism and we welcome feedback to improve the offering. We will not take The Guardian approach of refusing to acknowledge the content might be the problem when appealing for readers to ‘donate’. CM is self funded. It will remain so because it never wishes to be beholden to others to peddle tailored messages to keep the lights on.  If CM doesn’t survive on its own merits then it dies through market forces.

In 2017, Brandon Tatum showed what impact a Tucson, Arizona police officer can have on today’s media. His videos have gone viral (50mn+ views) on topics from the NFL, BLM to anti-Trump protests. He is now working for the Conservative Tribune such has been his impact. He speaks in cold hard truths. One doesn’t have to agree with what he says but he makes compelling arguments. No accolades from the journalist associations to self congratulate. As we used to say at high school sports competitions- “look at the scoreboard.”

CM started two years ago to challenge conventional thinking on all manner of topics.  It was born out of a growing realization that the mainstream media on both sides of the fence was too biased. Investigative journalism has all but disappeared, replaced with clickbait headlines and little more than biased piffle for what can only loosely be described as content. It seems that journalists are paid on the number of shares or likes rather than the quality of input.  As Ariana Huffington once said, “I’ve long said that those of us in the media have provided too many autopsies of what went wrong and not enough biopsies.”

2017 has been a continuation of the ridiculous pandering to political correctness and our lawmakers seem even more determined to avoid censure from social media, somehow thinking it speaks for the majority. Gender neutral toilets, removing statues and same-sex marriage take priority to the oncoming fiscal/monetary train wreck and a fracturing geopolitical landscape. It is almost as if our elected leaders have the blinkers on.

2018 is shaping up to be one that our political class is ill prepared for. Out of one’s depth is not a harsh enough criticism. Too many governments (including conservatives) are running up the national credit card trying to bribe bewildered constituents into tolerating more of their nonsense. However at some point, appeasement will not work because government’s can’t economically afford it.

Silent voices are increasingly pushing back. Traditional parties are seeing their constituents abandoning them. Australia’s conservative Liberal Party is Exhibit A. It is no longer a party true to its core. After the Turnbull coup it has taken its constituents for mugs but they have left in droves. While the Libs champion superior leadership, how is it One Nation has taken a huge bite out of it’s support base? It doesn’t add up and its this sense of denial that guarantees they’ll be destroyed at the next election.

Look at the growth in nationalist parties in Austria, France, The Netherlands, Germany, Italy and even America. While they may not have outright majorities in every case the reality is that all of these parties surged in the most recent elections. Mainstream parties can mark it down as a one-off or ‘they’ll be back’ mentality but this time is different. Take Trump. His GOP hate him almost as much as the Democrats. While the mainstream media ties itself into knots over the relevance of well done steak and tomato ketchup to running a country or the fact he paid millions in tax, his brand of political incorrectness is refreshing.

Sure his words are vulgar at times and Obama knocks the sports off him for eloquence or as a nice guy but we are in a world of ruthless people. The geopolitical landscape is rapidly changing. The last US administration allowed a free-for-all for nations such as China and Russia to roam free on the global landscape. Russia’s actions in the Ukraine, Syria and Iran or China building man made military bases in contested Asia-Pac waters have filled a vacuum vacated by the US. We should be glad that we have a Trump who is putting his foot down that things have changed.

While Trump’s use of ‘Rocketman’ to describe North Korea’s leader may seem juvenile, China hasn’t fully worked him out. They stroked his ego by allowing him to be the first President to dine in the Forbidden City after his rhetoric saying that if they don’t deal with Kim he will. The resumption of Chinese oil trading with North Korea in full defiance of UN sanctions tells two things. China thinks the UN is a waste of space and it is testing Trump’s resolve to carry out his threats to take care of business with minor provocations. China’s military is nowhere a match for the US so this could backfire badly if they miscalculate. This will escalate again in 2018.

Don’t rule out India’s growing frustrations with China. China’s built a naval port in Sri Lanka’s Hambantota. Recently the Maldives signed a FTA with China which should be ringing alarm bells in Delhi. For the last decade, China has been strengthening its armed (ground and air) forces to India’s north too, including the funding of the upgrade of the 1300km construction of the Karakoram Highway (aka China-Pakistan Friendship Highway). It is no surprise that Russia has been replaced by the US and UK as preferred arms suppliers to India.

As written several days ago, the Middle East seems to be an unstable powder keg. The way the stars are aligning with respects to the death of the former Yemeni President Saleh, the cleaning of the House of Saud, the repudiation of Qatar by the Gulf states and ructions in Iran point to something larger to kick off. Do not be surprised to see Israel and Hezbollah clash again in 2018. It won’t be an Arab Spring. Afterall this is more a shift toward a more direct clash between Sunni and Shia, not just played through proxy wars in Yemen, Syria or Lebanon. One can’t sink Saudi and Emirati naval vessels off Yemen’s coast with Iranian Revolutionary Guard support indefinitely.

These geopolitical problems will only put pressure on global markets which are already overstretched asset bubbles in almost every form – equities, bonds and housing. The realisation that unfunded pensions are likely to wipe out the retirements plans of millions causing even more pressure on economic growth. There is no escaping the fact that the can has been kicked down the road for too long. Whether 2018 is the precise year it unfolds is still a moot point but we are moving ever closer to the impending financial collapse which will be uglier than 1929.

Central banks have no plausible ammunition left to play with. Bloated balance sheets filled with mislabeled toxic assets (liabilities). Record low interest rates offer next to no policy flexibility and tapped out consumers face oblivion if asset prices keel over. A systemic banking collapse is absolutely plausible. No amount of QE will work this time.

Yes, it would be nice to see 2018 trump 2017 for good news (it wouldn’t be hard) but sadly the punch bowl at the party is empty and the hangover won’t be pleasant. No amount of painkillers will let one avoid a throbbing headache which will last a very long time.

Forewarned is forearmed.