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Overnight Open Thread

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Kenneth6/08/2009 9:10:43 am PDT

re: #820 JCM

I suspect the deal has been made to push NoKo onto China’s lap. Nobody wants a rapid collapse or a civil war in NoKo. The Chinese would like to have NoKo transform from a wackjob Stalinist nightmare state into a placid Mini-me communist regime supplying cheap labor for the Chinese manufacturers. Clinton & Gietner were over in China promoting US Treasury bonds to the Chinese. That’s the deal: the Chinese buy US Treasury bands, in return they get to have North Korea.