D Brooks wrote: motiontodismiss wrote:
D Brooks wrote:You think things are bad now?
Wait until the Korean peninsula explodes, Germany's unnecessary austerity measures send Europe back into recession, and Israel attacks Iran after the UN sanctions don't work.
Class of 2013 will be more fucked than anyone.
The Korean peninsula isn't going to explode. Mutually assured destruction and all, you know. They both do a lot of grandstanding and yelling and feather ruffling but at the end of the day South Korea will bribe North Korea not to bomb them and that'll be the end of that.
That scenario might not happen, because the North knows they would have to face the full force of the American military. However, if a power struggle ensues when Kim Jung-il dies and the country collapses in chaos before their nukes are secured by us or China, I can tell you what will happen to the markets.
But that's neither here no there. Double-dip recession anyone?
History repeats itself. Kim Jong Il evidently already has a successor to his "throne"-his youngest son, who's 29 right now. We all know what happened when Gorbachev took power. Gorbachev was the first leader of the Soviet Union born post-revolution and the USSR collapsed under his watch, rather peacefully. NK will collapse under KJI's son's watch (oldest was born in the 70's, post-Korean War).
I don't think the country will collapse into chaos that fast. If they do, China will do something about it-it's in their interest.