By Steven Lord,
North Korea’s agreement to nuclear disarmament is a smokescreen for the biggest missile buildup in the region.
You see, North Korea agreed to a similar nuke deal with the Clinton administration in 1994. It lied. Because in late 2002, the quirky Kim Jong-il told Washington to stuff it -- and North Korea resumed production of weapons grade uranium.
Japan certainly doesn’t believe the latest deal will stick.
As Japanese Foreign Minister Taro Aso told U.S. Secretary of State Condoleezza Rice, “Whether it actually goes ahead remains to be seen. We do not know whether it will go ahead just because it has been signed.”
Even if North Korea does comply, the Feb. 13 treaty ignores a more deadly threat from the radical, isolated country. North Korea has 10,000 conventional missiles pointed at Japan and South Korea, which are not covered in the pact. And the chance of those missiles being dismantled is nil.
The pint-size Kim in his platform shoes, bouffant hair (to make him appear taller) and Elvis sunglasses is simply too paranoid and bizarre to scrap his missile arsenal. And so the conventional missile buildup goes unabated in the region.
That’s why one American missile maker will continue to prosper under the flimsy accord. In fact, the morning that the media broke the “groundbreaking” story, the company’s stock took a minor hit -- then rebounded like a bungee jumper to set a new 52-week high.
Nobody knows a lie better than Wall Street.