Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Best AI Tech Stocks ETF and Investment Trusts - 19th Oct 21
Gold Mining Stocks: Will Investors Dump the Laggards? - 19th Oct 21
The Most Exciting Medical Breakthrough Of The Decade? - 19th Oct 21
Prices Rising as New Dangers Point to Hard Assets - 19th Oct 21
It’s not just Copper; GYX indicated cyclical the whole time - 19th Oct 21
Chinese Tech Stocks CCP Paranoia, VIES - Variable Interest Entities - 19th Oct 21
Inflation Peaked Again, Right? - 19th Oct 21
Gold Stocks Bouncing Hard - 19th Oct 21
Stock Market New Intermediate Bottom Forming? - 19th Oct 21
Beware, Gold Bulls — That’s the Beginning of the End - 18th Oct 21
Gold Price Flag Suggests A Big Rally May Start Soon - 18th Oct 21
Inflation Or Deflation – End Result Is Still Depression - 18th Oct 21
A.I. Breakthrough Could Disrupt the $11 Trillion Medical Sector - 18th Oct 21
US Economy and Stock Market Addicted to Deficit Spending - 17th Oct 21
The Gold Price And Inflation - 17th Oct 21
Went Long the Crude Oil? Beware of the Headwinds Ahead… - 17th Oct 21
Watch These Next-gen Cloud Computing Stocks - 17th Oct 21
Overclockers UK Custom Built PC 1 YEAR Use Review Verdict - Does it Still Work? - 16th Oct 21
Altonville Mine Tours Maze at Alton Towers Scarefest 2021 - 16th Oct 21
How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
The Only way to Crush Inflation (not stocks) - 14th Oct 21
Why "Losses Are the Norm" in the Stock Market - 14th Oct 21
Sub Species Castle Maze at Alton Towers Scarefest 2021 - 14th Oct 21
Which Wallet is Best for Storing NFTs? - 14th Oct 21
Ailing UK Pound Has Global Effects - 14th Oct 21
How to Get 6 Years Life Out of Your Overclocked PC System, Optimum GPU, CPU and MB Performance - 13th Oct 21
The Demand Shock of 2022 - 12th Oct 21
4 Reasons Why NFTs Could Be The Future - 12th Oct 21
Crimex Silver: Murder Most Foul - 12th Oct 21
Bitcoin Rockets In Preparation For Liftoff To $100,000 - 12th Oct 21
INTEL Tech Stock to the MOON! INTC 2000 vs 2021 Market Bubble WARNING - 11th Oct 21
AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
Stock Market Wall of Worry Meets NFPs - 11th Oct 21
Stock Market Intermediate Correction Continues - 11th Oct 21
China / US Stock Markets Divergence - 10th Oct 21
Can US Save Taiwan From China? Taiwan Strait Naval Battle - PLA vs 7th Fleet War Game Simulation - 10th Oct 21
Gold Price Outlook: The Inflation Chasm Between Europe and the US - 10th Oct 21
US Real Estate ETFs React To Rising Housing Market Mortgage Interest Rates - 10th Oct 21
US China War over Taiwan Simulation 2021, Invasion Forecast - Who Will Win? - 9th Oct 21
When Will the Fed Taper? - 9th Oct 21
Dancing with Ghouls and Ghosts at Alton Towers Scarefest 2021 - 9th Oct 21
Stock Market FOMO Going into Crash Season - 8th Oct 21
Scan Computers - Custom Build PC 6 Months Later, Reliability, Issues, Quality of Tech Support Review - 8th Oct 21
Gold and Silver: Your Financial Main Battle Tanks - 8th Oct 21
How to handle the “Twin Crises” Evergrande and Debt Ceiling Threatening Stocks - 8th Oct 21
Why a Peak in US Home Prices May Be Approaching - 8th Oct 21
Alton Towers Scarefest is BACK! Post Pandemic Frights Begin, What it's Like to Enter Scarefest 2021 - 8th Oct 21
AJ Bell vs II Interactive Investor - Which Platform is Best for Buying US FAANG Stocks UK Investing - 7th Oct 21
Gold: Evergrande Investors' Savior - 7th Oct 21
Here's What Really Sets Interest Rates (Not Central Banks) - 7th Oct 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

A North Korean EMP Attack: The Dark Possibility

Politics / North Korea Jul 05, 2017 - 03:11 PM GMT

By: HAA

Politics

Shannara Johnson : As the tension between North Korea and the US continues to grow, the possibility of war is rapidly evolving into a probability. Now some military experts worry that an attack via EMP (electromagnetic pulse) on the US mainland might be a feasible option for Pyongyang.

The signs are certainly there: Having recently completed the ninth missile test of 2017, Kim Jong-un promised to send the US an even bigger “gift package.”


Adding to Kim Jong-un’s antics and inflammatory rhetoric, the recent death of American college student Otto Warmbier after his 17-month imprisonment in North Korea has certainly fanned the flames of antagonism between the US and the rogue regime.

Han Tae Song, North Korea’s ambassador to the UN in Geneva, firmly rejected the accusation of misconduct and declared North Korea operates “according to our national laws and according to international standards.”

To add insult to injury, Pyongyang’s official Korean Central News Agency (KCNA) also denies any wrongdoing or torture of Otto Warmbier—even going as far as to say North Korea is the “biggest victim” in this situation.

EMP: Is This The Real Threat?

Most analysts believe North Korea is not yet capable of a direct missile strike on the US mainland, but Kim Jong-un’s dogged determination to make this a reality is quite disconcerting.

Some experts believe that the more realistic threat at this point in time is an EMP attack. To make that happen, all North Korea has to do is launch a low-yield nuclear missile from a submarine, ship, or even by balloon and explode it at high altitude, above the atmosphere.

The potential result: a blackout of the Eastern grid that supplies 75% of power to the United States.

If an EMP attack did take place, it would be beyond anything we have seen before. The Commission to Assess the Threat to the United States from Electromagnetic Pulse Attack, which was established by Congress in 2001, estimates that within 12 months following a nationwide blackout, “up to 90% of the US population could perish from starvation, disease, and societal breakdown.”

Electronic Armageddon

In practical terms, a catastrophic blackout would be worst in cities, because it would instantly deprive the population of access to drinking water, refrigeration, heat, air conditioning, and telecommunication. Food stores would be looted within a matter of days, and gas stations would cease to function without electricity.

Without Internet access and power, all commerce and advanced methods of communication would stop. There would be no TV, radio, phones. Credit card transactions and cash withdrawals at banks would be impossible. Paper money would become worthless, and Bitcoin would cease to exist, along with the stock market.

Newt Gingrich, speaking at the Senate Committee on Energy and Natural Resources earlier this month, said an EMP attack “would send us back to the 18th century.”

But that’s not the only problem. If no outside help arrives, within days, chaos begins to reign. Civilization is a rather thin veneer that humans have acquired over centuries, a mask covering our hard-wired survival instincts. Once the mask slips, it could mean the end of the world as we know it.

We Are Ill-Prepared For An EMP Attack

US politicians and major utilities have kicked the can down the road when it comes to EMP preparation. Edison Electric estimates that shielding transformers for the US grid system could cost $20 billion.

Granted, American power companies have been studying ways to protect our electronic grids against attack, but tangible results are slow in coming.

The only current option after an EMP attack would be to replace damaged or destroyed transformers. However, says Scott Aaronson, managing director for Cyber and Infrastructure Security at Edison Electric, replacements for those transformers must be procured from foreign suppliers, which could take up to 18 months.

Peter Vincent Pry, leader of the Task Force on National and Homeland Security, believes North Korea is closer to launching an EMP attack than many analysts believe. He wants Congress to work harder and cut the red tape to allow the innovation necessary to mitigate the threat.

In Pry’s opinion, an EMP attack would ultimately kill more Americans than a direct nuclear blast could. His book, The Long Sunday, describes several plausible EMP attack scenarios.

Pry thinks that “the first nation to use nuclear weapons today—even a rogue state like North Korea or Iran—will immediately become the most feared and credible nuclear power in the world, a formidable force to be reckoned with, and perhaps the dominant actor in a new world order.”

Is there a sensible way to prepare for an EMP attack?

Maybe not, but stocking some food, water, fuel, and batteries for emergencies is always a good idea—as well as owning a stash of gold coins as hard assets.

While “you can’t eat gold,” as some preppers say, it is the only kind of money that has prevailed over the millennia.

Get A Free Ebook On How To Buy Gold And Silver

Gold has proven to be a lifesaver in times of crisis and economic turmoil. But before you consider buying physical gold, make sure to do your homework. Read Investing in Precious Metals 101, a quick-read e-book that tells you all about: “good” vs. “bad” gold… when and where to buy physical gold and silver… common scams and errors inexperienced investors fall prey to… the best storage options… why pooled accounts aren’t safe places… and much more. Click here to get your free copy now.

© 2017 Copyright Hard Assets Alliance - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable,but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in