World War 3: Australia Sanctions North Korea

World War 3: Australia Sanctions North Korea

World War 3: Australia Sanctions North Korea

Australia’s Prime Minister Malcolm Turnbull warned on Wednesday that a conflict with North Korea would be shattering, as tensions between Washington and Pyongyang intensified.

US President Donald Trump said Tuesday he would ‘unleash fire and fury’ if North Korea continued to make threats, and Pyongyang responded by saying it was considering a missile strike against the US territory of Guam, reported Deutsche Presse-Agentur, DPA.

Turnbull told reporters in Canberra the only way to deal with North Korea was with maximum economic pressure and welcomed new sanctions imposed by the United Nations Security Council.

Australia would implement the sanctions, Turnbull said, adding that it was critical North Korea came to its senses.

“A conflict would be shattering. It would have catastrophic consequences. We all understand that,” Turnbull said, according to DPA.

While Trump’s sharp tone has given rise to concern within the part of the US establishment, with Senator John McCain casting doubt that the US leader is ready back up his rhetoric with real actions, others appeared to be quite enthusiastic, estimating US chances in a face-to-face military confrontation.

Retired Gen. Tom McInerney argued that the US would emerge victorious, with its ability to level North Korea within 15 minutes in case it launches an attack on South Korea.

“If he [ Trump] gets our full nuclear retaliatory capability, within minutes after one round going into Seoul, there will be nothing left,” McInerney told Fox News on Monday.

Moscow, meanwhile, once again appealed for both sides to show restraint and to resume dialogue to defuse the tensions building up in the region.

“As we said, we want the tensions to ease, and we have to start seriously devising and inventing ways for a political dialogue on this issue,” Russia’s UN envoy, Vasily Nebenzya, said on Wednesday, as cited by TASS.

 

 

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S. Jack Heffernan Ph.D. Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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