Pyongyang: US Drill could Mean 'Horrible Disaster'
North Korea has warned the United States of a "horrible disaster" ahead of a large-scale joint naval drill involving a nuclear-powered US aircraft carrier alongside South Korean and Japanese vessels.
North Korean troops have been ordered to "keep themselves fully ready to promptly launch operations any time", ....
...Pyongyang said the situation on the peninsula was "getting strained again" and warned the US that the closer its forces came "the more unpredictable disasters their actions will cause".
The warning on Tuesday came after Seoul and Washington last week signed a new joint strategy to counter the growing threat of a North Korean nuclear attack, after the communist country restarted an old plutonium reactor.
...North Korea has often condemned naval drills of this kind and has issued threats of counter-attacks, but these have rarely materialized.
Chief of Staff: "At any given moment, a multi-front war can develop”
...Chief of Staff Lt. Gen. Benny Gantz said Tuesday. “This is something that we are preparing for and must be ready for.”
...Gantz provided an imaginary scenario for the breakout of war, which begins with an abduction on Israel's border with Syria, on the Golan Heights:
"An event in which a force is hit by an explosive device on the Golan Heights, followed by the abduction of three soldiers and the regiment commander, and in response to the IDF's retaliation, accurate fire by Hezbollah on the northern border, fire on the crossings on the Gaza border and an assault upon them, and fire on the southern border toward Eilat.
"That is just one of many possibilities,” he noted.
Assad’s forces on offensive to retake Syrian Golan and re-control border with Israel
Two Syrian armored brigades set out from Damascus Monday night, Oct. 7, to link up with forces already fighting in southern Syria to reach Quneitra opposite the Israeli Golan border. DEBKAfile’s military and intelligence sources report long convoys of around 200 tanks, APCs, armored vehicles and self-propelled artillery are heading for an assembly-point south of the Daraa in the south.
Monday night, the Syrian air force bombarded rebel-held border villages to soften them up ahead of the offensive.
...Until now, the Syrian high command held back from a military operation in this region for fear of drawing forth an Israeli or Jordanian counter-attack. However, after consenting to the disabling of its chemical weapons, the Assad regime feels confident that neither Israel nor Jordan will dare fight back.
Syrian leaders gained an even greater sense of immunity from the rare words they head from US Secretary of State John Kerry Monday, commending them for allowing UN experts to dismantle the chemical production equipment and stocks, even though it suddenly turned out Sunday, Oct. 6 that the international OPCW experts had relegated the work to the Syrian army.
Jordan has responded to the heavy Syrian military movements in close proximity to its territory by putting on a state of preparedness the two army divisions, Nos. 60 and 40, which stand guard on its border with Syria.
FISCAL FALLOUT
China warns US
China, the biggest foreign creditor of the United States, has waded into the American budget crisis, warning Congress that it must resolve the political impasse over the debt ceiling without further delay.
The Chinese Vice Foreign Minister, Zhu Guangyao, told America’s deadlocked politicians on Monday that “the clock is ticking” and called on them to approve an extension of the national borrowing limit before the federal government is projected to run out of cash on 17 October.
“We ask that the United States earnestly takes steps to resolve in a timely way the political issues around the debt ceiling and prevent a US debt default to ensure the safety of Chinese investments in the United States,” Mr Zhu told reporters in Beijing. “This is the United States’ responsibility,” he added.
60-Year Market Veteran Says US Is Bankrupt & Will Collapse
Rosen: “The Dow and the S&P are in the process of collapsing. These averages are going to plunge all the way back to their 1982 trendlines. This means we will see the S&P 500 fall all the way down to roughly the 600 level, which represents a nearly 65 % decline.
This is going to be a massive wipeout....
...The decline in stocks will really begin to accelerate when the S&P breaks the 1600 level. This will scare the hell out of everybody. After the breaking below that key level, the S&P will rally back up to test 1600, and then the real disaster will take place.
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