News

A New "Golden Age" Approaches: North Korea Agrees to Nuclear De-Armament, to Peace- Nathan McDonald (27/04/2018)

From the archives of sprott money news

April 27, 2018

Historic. Simply historic.

“We solemnly declare to our 80m Koreans and the world that there will no more war [sic] on the Korean peninsula and a new era of peace has begun.”

“It is our urgent historic assignment to put an end to this current abnormal state of ceasefire and establish a peace regime.”

“We have agreed to share a firm determination to open a new era in which all Korean people enjoy prosperity and happiness on a peaceful land without wars.”

All three of the above statements would have been unimaginable just a few short months ago, so quickly are the times changing. So dramatically.

And fortunately, at least in regards to this situation, they’re moving in the right direction.

Within a matter of months, Kim Jong Un, the leader of North Korea, has completely changed his stance. He ceased his saber rattling after realizing that the method of his fore-bearers would no longer work.

Having reached "nuclear" status, the North Koreans could no longer be allowed to threaten the free world. Intense international pressure, the likes of which they have never seen before, resulted—including possible invasion via the United States and its closest allies.

This has undoubtedly caused Kim Jong Un to do some self-reflection and deep thinking. This man was raised partially in the Western world, where he received his education, and thus it is likely he never actually hated the West. At least, not as deeply as his father and grandfather did.

I have no doubt in my mind he is breathing a deep sigh of relief this morning, and I have faith that North Korea will now begin the very slow process of transitioning itself into the larger international community, one baby-step at a time.

Hilariously, after months of hyperbolic predictions by the MSM that President Trump’s hard-line approach towards North Korea would result in nuclear Armageddon, he is now being largely praised for his work.

Proving that, sometimes, tough love is the best medicine.

In fact, bookies around the world have dramatically increased President Trump’s odds of being the winner of the next Nobel Peace prize, putting him as the clear front runner.

Excuses can be made, and rationalizations will be attempted, but the facts are the facts. This was a major victory for President Trump and the Western world at large, no matter which side of the political spectrum you stand on.

Many pundits are heralding this as a new "Golden Age" for the world, and state that the next target of intense political pressure from Western leaders will be Iran.

But that is hopefully a story for another day. I don't expect it to unfold overnight, despite the shocking about-face, surprise announcement in regards to North Korea unilaterally agreeing to peace with the world.

The clock to midnight has taken a few ticks backwards today, and for that we should all be grateful. The world has become a little more stable and a little more sane.

A statement that we, sadly, can rarely make.

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About the Author

Nathan McDonald is a libertarian, entrepreneur and precious metals enthusiast. He has always taken a keen interest in free markets and economics since an early age, which naturally led him to become a true believer in precious metals and all that they stand for.

Nathan served eight years in the Royal Canadian Navy as an electronics technician, seeing the true state of the world, before starting his first successful business. He has since gone on to create a number of businesses, all of which are still in operation and growing.

In addition to this, Nathan runs a network of successful precious metals blogs, and a growing newsletter that has attracted readers from all around the world. He is a regular and highlighted writer for the highly respected Sprott Money Blog, which covers world events, geopolitics and of course precious metals.

*The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.

Comments

Jeffrey Adams
April 29, 2018 at 9:06 PM
Sounds great! even hard to believe. I wonder what concessions will take place or deals that will be made in favor of N. Korea going through with it. It may be possible this will cost a lot of money going to North Korea.
Jason
May 2, 2018 at 8:51 AM
Amazing news and amazing piece. Truly historic!