Tuesday, March 17, 2009

A Second Korean War?


Background

After the 1953 armistice that ended the Korean War, relations between North and South Korea have been rugged and fragile. The two countries have actually managed a series of nonaggression agreements and compromises in the past. Recently, hostility has again emerged along the Korean border. South Korea’s President Lee announced that they would discontinue giving aid to North Korea until they can prove they are disarming their nuclear program. Kim Jong Ill, being the character he is, reacted by… escalating North Korea’s nuclear program!


Banking on Another War

The United States has investigated Banco Delta Asia, a bank based in Macao, and found that they were accepting large deposits of counterfeit cash from North Korean officials. The bank was also participating in other illicit activities that help fund the North Korean nuclear program. In fact in Kim Jong Ill announced that they would be testing the missileTaepodong-2 in April. Any intervention from other countries will be considered an act of war. Inadvertently, Banco Delta Asia, could be funding a second Korean War. Companies or banks that do business in Asia must block out Banco Delta Asia from the world financial system and stop having transactions with them so that they cannot continue to fund hostility.

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