North Korea will provoke the United States of America again in just four days’ time, on Monday, 9 October. This warning by top CIA Korean Affairs official, Yong Suk Lee. U.S. News relayed the operative’s cautionary statement on Thursday, 5 October.
Global markets will most likely be affected and are expected to react cautiously the US Dollar might slide lower. It will again add more volatility to the crypto currency market. In particular the Bitcoin (BTC) price action will see crypto surging unusually higher. But once political tensions ease, the BTC price action will return realistic levels. Crypto investors should take note is of this pattern – US-North Korea tension invariably affect the bitcoin price.
A credible prediction
Lee’s prediction is credible as it’s based in part on a convergence of holidays taking place on 9 October, namely Columbus Day in the US and Party Foundation Day in North Korea.
Technically, the Hermit Regime’s Party Foundation Day occurs annually on 10 October, marking the anniversary of the formation of North Korea’s governing Workers’ Party in 1945. But the two holidays partially overlap because of the 12 hour time difference North Korea and United States.
The prediction is also based on the pattern of aggression that North Korea regularly displays.
North Korea’s habit of blowing things up on holidays
Pyongyang has a history of carrying out provocations in the form of missile launches on holidays to draw attention to that date and to make a point.
On 11 Sept 2015, North Korea marked the anniversary of the country’s founding with an underground nuclear test which it later claimed it was a protection against “threats and sanctions,” The Washington Post reported.
On 4 July 2017, America’s Independence Day, North Korea launched a two-stage intercontinental ballistic missile (ICBM), for the first time ever. This provocation in particular rattled the United States as it demonstrated the regime had recently made major strides in advanced weapons manufacturing.
This pattern makes the predicted provocation on 9 October all the more worrisome. The double holiday provides dictator Kim Jong Un twice the opportunity for his recently subdued regime to exert its nuclear ambitions once again.
There is, however, one late-developing buffer that could possibly keep North Korean aggression at bay…
China’s Cooperation with the U.S.
On 28 September China issued what is considered its most punitive mandate yet on its heavily dependent neighbor country. Beijing called for the closure of all joint North Korea-China business ventures and added textiles to an already long list of banned export goods that includes coal, iron ore, and seafood.
China’s move was also regarded as an indication that the country is attempting to align itself with the United States – at least temporarily.
Trump’s Asia trip
On 3 November President Donald Trump will start an 11-day trip to Asia where he’s expected to meet with President Xi Jinping of China.
China’s acquiescence to the UN’s 11 September sanctions on North Korea, coupled with the country’s own orders on 28 September, has kept Beijing in Trump’s good graces lately.
On 22 September Trump commended China’s efforts in following through on sanctions by limiting financial institution transactions between itself and Pyongyang, saying, “I want to just say and thank President Xi of China for the very bold move he made today. That was a somewhat unexpected move, and we appreciate it.”
If Kim Jong Un provokes either country in the meantime, however, it could agitate tensions between US and China.
And a well-timed disruption of U.S.-China relations could bring our current bull market to an ugly end.