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numonex on 02 December 2010
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starcraft said:
Killiana1a said:

No, the US should keep a military presence in South Korea until both are reunified and every single would-be dictator or co-conspirator in North Korea has been arrested and standing trial. The last thing South Korea wants is for North Korea to agree to reunification, the US pulls all troops, and North Korea invades.

As for Russia, they started this mess by propping up their own little puppet government in North Korea at the end of World War 2. Russia should nut up or shut up because they have no leg to stand on regarding the Koreas other than creating the situation we have now.

I believe China cares so long as there is not war and the threat of nuke usage. China has a good thing going with their economy, their gargantuan trade imbalance with the rest of the world, and the last thing they want is to take sides in a war in which all goods from their country could be embargoed because they do not side properly with South Korea.

I would not be surprised if China along with the US would provide joint security for the reunification.

I don't think it's that goods would be embargoed.  I think that it is the fact a lot of China's wealth is in the form of Western debt they hold.

If there was a war large enough and substantive enough, it is possible the West would deliberately default on all this debt, resulting in the greatest instantaneous transfer of wealth in history (a couple of currently non-existent trillion dollars Europe and America would declare will never be repaid).

Paper currency money is worth jack. Currency exchange rates can be manipulated by Reserve Banks and debts owing to foreign nations can be reduced through currency wars. US could issue a new currency as a last resort, foreign debt would be dodged. 

US Federal Reserve Quantitative Easing is working, $US dollar is de-valuating, US exports become more competitive, American businesses employ more American workers, and US exporters make more money on world markets. Increase imports is no big loss to American economy. Chinese currency is at artificially low rates controlled by its corrupt government who refuse to float the Chinese currency. Inflation will slow the Chinese economy right down. 

The US still holds a lot of the world's Gold reserves stored in its secure vaults. China holds a lot of the World's silver sterling reserves secure in their vaults. Gold is worth a lot more than silver.