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Global Geo-political Series: North Korea warns potential nuclear war accusing U.S. as war-monger

In response to North Korea’s ballistic missile test on 29th November, South Korea, and its ally the United States have launched a massive military drill in the Korean Peninsula. The US and its regional allies have launched a massive and unprecedented five-day joint air force Vigilant Ace exercise which kicked off Monday. In the latest show of force, the US Air Force dispatched B-1B aircraft, F-22 Raptor fighter jets, as well as several F-35 stealth jets and F-16 fighter planes over the Korean peninsula Wednesday. While the drills are allegedly ‘defensive’ in nature, top American and South Korean pilots are polishing their skills to carry out attacks on North Korean nuclear and missile installations in different war scenarios. A total of 12,000 personnel and over 230 military aircraft are engaged in the drills that will run until December 8.

In response to the drill, North Korea is warning of a potential nuclear war as the United States accusing the United States of warmongering. According to a spokesperson for North Korea’s foreign ministry said Wednesday in commentary provided by state news agency KCNA, “The large-scale nuclear war exercises conducted by the US in succession are creating touch-and-go situation on the Korean peninsula and series of violent war remarks coming from the US high-level politicians amid such circumstances have made an outbreak of war on the Korean peninsula an established fact. The remaining question now is: when will the war break out”. Making clear, the foreign ministry official said, while North Korea doesn’t want a war, it would not hide from one is circumstance lead that way. He added, “Should the US miscalculate our patience and light the fuse for a nuclear war, we will surely make the US dearly pay the consequences with our mighty nuclear force which we have consistently strengthened…..If the US does not want to be burnt to death by the fire it ignites, it would better behave with prudence and caution.”

Though not recognized, North Korea is known nuclear-power, which has test-fired 23 missiles since February this year. On July 4, North Korea conducted its first test of an intercontinental ballistic missile (ICBM), which it claims could reach anywhere in the world.

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December 15 21:00 UTC Released

USOverall Net Capital Flows

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151.2 Bln USD

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-51.3 Bln USD

December 15 21:00 UTC Released

USNet L-T Flows,Incl.Swaps

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7.9 Bln USD

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65.1 Bln USD

January 9 11:00 UTC 3422434224m

BRRetail Sales MM*

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0.35 %

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January 9 11:00 UTC 3422434224m

BRRetail Sales YY*

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3.20 %

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January 9 11:00 UTC 3422434224m

BRRetail Sales YY*

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3.20 %

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January 9 11:00 UTC 3422434224m

BRRetail Sales YY*

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3.20 %

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January 9 11:00 UTC 3422434224m

BRRetail Sales MM*

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0.35 %

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January 9 11:00 UTC 3422434224m

BRRetail Sales YY*

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3.20 %

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December 12 09:30 UTC 61876187m

GBRPIX YY

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4.2 %

December 12 09:30 UTC 61876187m

GBPPI Input Prices MM NSA

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1 %

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