The country presently blamed is North Korea. Israel should be on the suspects list and here’s why:

Recent rebuke of Israeli leadership by China–North Korean ally–and the Chinese are awakening to Israeli (Zionist) financial manipulations and central bank control.

CURRENCY WARS by Song Hongbing

Would Israel orchestrate a false flags attack on South Korean warship to blame North Korea and bring the US into military conflict with North Korea’s ally, China?

First suspects: North Korea

New twist: Israeli “false flags” operation

Cheonan sunk by German-made torpedo

http://www.reuters.com/article/idUSTRE6460FC20100507

(The House of Rothschild bought Reuters news service in the 1800’s. Within the last 20 years, Reuters bought the Associated Press. Now the Elite own the two largest wire services in the world, where most newspapers get their news. The Rothschilds have control of all three U.S. Networks, plus other aspects of the recording and mass media industry according to research by Eustice Mullins in his book ‘Who Owns the TV Networks’.)

http://www.reuters.com/article/idUSTRE6460FC20100507

(The House of Rothschild bought Reuters news service in the 1800’s. Within the last 20 years, Reuters bought the Associated Press. Now the Elite own the two largest wire services in the world, where most newspapers get their news. The Rothschilds have control of all three U.S. Networks, plus other aspects of the recording and mass media industry according to research by Eustice Mullins in his book ‘Who Owns the TV Networks’.)

Probe concludes torpedo sank South Korea ship: report
Thu May 6, 2010 10:19pm EDT

(Reuters) – Investigators probing the deadly sinking of a South Korean navy ship in March near the North have concluded that a torpedo was the source of an explosion that destroyed the vessel, a news report said on Friday.

The team of South Korean and foreign investigators found traces of explosives used in torpedoes on several parts of the sunken ship as well as pieces of composite metal used in such weapons, South Korea’s Yonhap news agency said quoting a senior government official.

South Korean officials have not officially accused the North but made little secret of their belief Pyongyang deliberately torpedoed the 1,200-tonne corvette Cheonan in March near their disputed border in retaliation of a naval firefight last year.

The metallic debris and chemical residue appear to be consistent with a type of torpedo made in Germany, indicating the North may have been trying to disguise its involvement by avoiding arms made by allies China and Russia, Yonhap quoted the official as saying.

North Korea has denied involvement and accused South Korean President Lee Myung-bak’s government of trying to use the incident for political gains ahead of local elections in June.

(Reporting by Jack Kim; editing by Jon Herskovitz and Sanjeev Miglani)http://rediscover911.com/2010/05/whats-new-in-false-flags-attacks/