georgephillip
Diamond Member
Speaking of REUNIFICATION shakedowns:
"(South Korean President) Lee's "Vision 3000" reunification policy - an assisted suicide program for the North Korean regime predicated upon it opening up its economy to foreign aid and investment while delaying integration until North Korean per capita incomes had roughly tripled to US$3,000 - has started to generate some investment bank heat.
South Korea's latest Vision 3000 video-conference pitch was hosted by Goldman Sachs.
A high tech trends website, h+, breathlessly spun the latest reunification scenario: it will pay for itself! With 'change left over!'
"Just like Iraq!
More arithmetic for you:
The Rand Corporation estimates the cost of Korean reunification at $50 billion, Credit Suisse insists $1.5 trillion is the expense, and Stanford fellow Peter M. Beck posits an alarmist $2-$5 trillion.
Question: Who's got that kind of cash?
"Answer: North Korean mines. 360 minerals are sequestered in the Hermit Kingdom's caves, many trapped by flooding and NK's [North Korea's] appalling infrastructure. Billions of tons of coal, iron, zinc, magnesite, nickel, uranium, tungsten, phosphate, graphite, gold, silver, mercury, sulfur, limestone, copper, manganese, molybdenum... worth an estimated $2-$6 trillion (Goldman Sach's figure is $2.5 trillion).
"Reunification could be entirely paid for by these mines, perhaps with change left over.
"It appears that Lee would prefer to treat northern Korea as the low-wage, resource-rich hinterland that powers the West-oriented-export economy of a united and pro-US Korea - rather than China's Shandong."
Peter Lee
"(South Korean President) Lee's "Vision 3000" reunification policy - an assisted suicide program for the North Korean regime predicated upon it opening up its economy to foreign aid and investment while delaying integration until North Korean per capita incomes had roughly tripled to US$3,000 - has started to generate some investment bank heat.
South Korea's latest Vision 3000 video-conference pitch was hosted by Goldman Sachs.
A high tech trends website, h+, breathlessly spun the latest reunification scenario: it will pay for itself! With 'change left over!'
"Just like Iraq!
More arithmetic for you:
The Rand Corporation estimates the cost of Korean reunification at $50 billion, Credit Suisse insists $1.5 trillion is the expense, and Stanford fellow Peter M. Beck posits an alarmist $2-$5 trillion.
Question: Who's got that kind of cash?
"Answer: North Korean mines. 360 minerals are sequestered in the Hermit Kingdom's caves, many trapped by flooding and NK's [North Korea's] appalling infrastructure. Billions of tons of coal, iron, zinc, magnesite, nickel, uranium, tungsten, phosphate, graphite, gold, silver, mercury, sulfur, limestone, copper, manganese, molybdenum... worth an estimated $2-$6 trillion (Goldman Sach's figure is $2.5 trillion).
"Reunification could be entirely paid for by these mines, perhaps with change left over.
"It appears that Lee would prefer to treat northern Korea as the low-wage, resource-rich hinterland that powers the West-oriented-export economy of a united and pro-US Korea - rather than China's Shandong."
Peter Lee