It's a major win for both nations.
SK needs that steel for its own markets and will be taking on part of the task of spooling up North Korea.
Meanwhile, SK can free up its auto lines for other tasks. There was, at least at one time, a line of LG or Samsung cars. Everything over there is LG or Samsung. It's worse than General Electric.
I think that the problem naturally stabilizes when you get rid of the IRS and the Federal reserve, returning to metal standard currencies while abolishing the income tax.
When you are paid before you pay taxes, and the Federal government has no direct taxation authority… How does it collect on personal loans/"grants" it was never supposed to author in the first place? Without the IRS and the power to unilaterally garnish wages - or severely hampered?
Student loans shouldn't just be 'wiped away' - the problem is that retirement funds have been put into those. These unions and other such organizations bought student loan bonds and other such things because they were to be repaid. Like any other loan.
So, when you just blow them up, you wipe out retirements. Swelling minimum wage doesn't fix the problem.
Thankfully, real estate and land values are hideously overpriced due to artificial scarcity and section eight… Or was it seven… Housing. A house meeting the minimum requirements as a shanty rents for the same from the government as a fine apartment or house. As such, there is an artificial bottom to housing and rental costs that can be dropped out by eliminating or restructuring how government subbed housing works.
This drops cost of living. Changes in the coming auto, appliance, and other markets will see some great reductions in market prices. What happens if we allow cars to be sold outside of dealerships? Oh, that's right… It's illegal for manufacturers to sell outside of dealerships. It's how the Federal government got around the 10th amendment to have auto regulations reserved to the states (by using their power of inter-state commerce).
Wouldn't that be neat… If you could just order a car from the internet, scheduled on the factory line for your feature set, and sold at a 3-8% profit margin over factory and transport costs… Rather than covering all of that dealership overhead?
What if $20 an hour jobs become far more common as construction, mining, and manufacturing pick up?
People should still be held accountable for their student loan debt, but the government should not have the power to destroy a person's life in pursuit of debts it was not supposed to contract, either. As the scope of the debt shrinks in relation to the economy and the real monetary standard… I think it cycles over fairly cleanly. Though I imagine Q and team have thought that out extensively, as well, and will deffer to their plan unless I see some kind of major red flags with it.