Links to global economy, financial markets and international politics analyses
Tuesday, November 9, 2010
Was Last Night's Launch Of A "Rogue" Missile A Warning To Asia?
"Many questions are swirling over last night's launch of a rogue rocket, which it appears was a submarine launched ICBM from the Pacific, 35 miles west of Los Angeles. So far pretty much everyone has denied any involvement, and as per the NYPost, "according to Fox News, NORAD and NORTHCOM would only say they were aware of the launch" even as "a navy spokesperson previously told KCBS that no navy activity was reported in the region." Yet the closest approximation for what the reason for the launch may have been comes from Robert Ellsworth, former defense secretary: "On viewing the footage, former deputy defense secretary Robert Ellsworth speculated on KCBS that the launch could be a show of military muscle. "It could be a test-firing of an intercontinental ballistic missile from a submarine ... to demonstrate, mainly to Asia, that we can do that," Ellsworth said." And China has not even sold and US bonds yet. So did China Dagong in turn retaliate earlier by downgrading the US? At this point we can only hope that the Chairman can confine his FX war to Forex terminals, without actually involving a few strategically placed mushroom clouds..."
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