Iraqi President Saddam Hussein issues a decree forbidding the development and trade of weapons of mass destruction - a key demand of Mr Blix during his visit to Baghdad last weekend.
In its January 2011 report, the US Financial Crisis Inquiry Commission called the agencies "essential cogs in the wheel of financial destruction" and "key enablers of the financial meltdown".
Ending its counterfeiting and other criminal activity would sever a key subsidy for North Korea's weapons of mass destruction program and force North Korea into international norms.
The key point Bush made was that it is time to put aside the doctrine of mutually assured destruction that was the bedrock of security during the Cold War when it was basically a bipolar world, with the United States and the Soviet Union on opposite sides.