The Contrarian

“In the investment markets, what everyone knows is usually not worth knowing.”

Is North Korea up to Old Tricks?

North Korea’s meeting with U.S. Secretary of State Pompeo hit a wall. NOKO said: “The U.S. side came up only with its unilateral and gangster-like demand for denuclearization.”

NOKO said the U.S. calls for “complete, verifiable, irreversible denuclearization” runs “counter to the spirit of the Singapore summit.”

Well, the U.S. has learned over 20+ years that nothing else will do when you deal with those we cannot trust. Does Kim really think he can play with Trump the games that his father played with other U.S. presidents? The current U.S. president is a lot smarter than his predecessors.

It is better to learn now what NOKO’s intentions are rather than later.

Surprisingly, Pompeo said that during his meeting, the NOKO representatives had no problem with the insistence of complete denuclearization.

And then came the big surprise: The head of NOKO, Kim Jong Un, wrote a “love letter” to his “excellency President Trump” after the allegedly negative outcome of the U.S. Secretary of State to NOKO.

According to Newsweek, Kim wrote:

“I firmly believe that the strong will, sincere efforts and unique approach of myself and Your Excellency Mr. President aimed at opening up a new future between the DPRK and the U.S. will surely come to fruition.”

That may stop the talk on the fake-news that the NOKO agreement is dead.

Our opinion: China is now calling the shots. The tariff war has escalated to where China uses its power over NOKO to embarrass Trump. What better way than to make it look like his top man, Pompeo, is ineffective and may have given a false story to the world. Xi Jinping knows that Trump wants the NOKO agreement.

Xi basically says, let him beg for it by ending the tariff threats.

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