According to some right-wing studies, there is speculation that President Obama – in light of falling approval numbers and strain from Israel – may push for war with Iran. Mike Mullen, chairman of the Joint Chiefs of Staff, made a point on “Meet the Press” the United States is more than ready to take up arms against Iran. However, such speculation may be premature. Front Page Magazine reports that North Korea may be the next dance partner in horrific war. And from a modern business point of view, a New Korean War would be disastrous.
A New Korean War in somber tones
North Korea and South Korea have been at each other’s throats over signals of aggression recently – indications which contain the sinking of the South Korean ship Cheonan – and now the United States is involved in what could conceivably lead to a New Korean War. Kim Jong-il, North Korea’s leader, has boasted of his nation’s readiness to fight, which has given world stock markets reason to hiccup. In a recent military broadcast, Jong-il stated that “We do not hope for war, but if South Korea, with the United States and Japan on its back, tries to attack us, (we) will finish the task of unification left undone during the…(Korean) war (in 1953)”.
Sanctions from the U.S. or the European Union over the Cheonan disaster will even spark violent retaliation, warns Jong-il.
The United States of America will stand by its ally nation of South Korea
UPI indicates that half of United States adults surveyed by the Angus Reid Public Opinion group believe that a New Korean war is inevitable. Less than half of respondents were opposed to Americas involvement. The Americas would almost certainly be involved if war were to occur on the Korean peninsula, as Secretary of State Hillary Clinton has pledged on numerous occasions following the Cheonan event the United States will protect their South Korean ally within the event of hostilities.
Boasts of war, busts of business
In America, the noise over a New Korean War is financially troubling, says The Detroit Bureau. Imports to the U.S. and Europe would suffer, and South Korea’s economy would be hit hard. Automakers like Hyundai and Daewoo, also as electronics manufacturers like LG would be hurt, as would import-dependent retail giants like Wal-Mart and Best Buy. South Korea would experience economic hard times as their import routes are constricted by war, and even China would feel the pinch as they deal with refugees flooding their borders with the Koreas. Eventually the United States of America would feel economic hardship in a chain of events related to our ever-cheaper, ever-faster consumer world.
This is America off South Korean imports
Considering reports that South Korean manufacturers are largely unprepared for the possibility of a New Korean War, shipping lanes would likely be shut down or severely impeded. Even with the North Korean military reportedly in shambles – although accurate data on such topics is difficult to determine with certainty – the impact of violent conflict would be felt. Experts predict that North Korea will not come out ahead in any New Korean War, but that doesn’t mean that South Korea, Europe and the United States won’t carry wounds for numerous years to come.
Discover more data on this subject
Associated Press
newser.com/article/d9h5b3183/north-korea-threatens-nuclear-retaliation-to-us-south-korea-military-exercises.html
The Detroit Bureau
thedetroitbureau.com/2010/05/how-a-new-korean-war-would-affect-u-s-business/
Front Page Magazine
frontpagemag.com/2010/05/26/the-new-korean-war/
Real Clear Politics
realclearpolitics.com/articles/2010/08/04/iran_war_option_on_the_table_106598.html
UPI
upi.com/Top_News/US/2010/06/03/US-adults-expect-new-Korean-war/UPI-27261275605162/
