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Started By
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The Absolute Madman: China banks stop taking NK $
Posted on 9/12/17 at 4:46 pm
Posted on 9/12/17 at 4:46 pm
Who was it saying the US needs China's trade more than China needs the US'?
See what happens when the US negotiates from a point of strength? It's too bad we didn't have this sort of leadership when dealing with Iran.
quote:
In June, President Donald Trump hardened his administration’s approach on the issue, blacklisting a small Chinese bank over dealings with North Korea. Any companies that do business with banks on the US sanctions list face major penalties.
quote:
China’s banks are reportedly beginning to take heed of US sanctions on North Korea. Several workers at branches of major Chinese banks close to the North Korean border told the BBC that they are no longer opening accounts for citizens of the country.
One Bank of China staff member said, “all bank activities related to North Korea are suspended now because it is a sanctioned country”.
Other workers at Industrial and Commercial Bank of China said they had stopped opening North Korean accounts months ago, with one reportedly saying the change followed an order from the People's Bank Of China, the country's central bank.
See what happens when the US negotiates from a point of strength? It's too bad we didn't have this sort of leadership when dealing with Iran.
6
Posted on 9/12/17 at 4:48 pm to Bard
Like the zen master says - we'll see....
Posted on 9/12/17 at 5:11 pm to Bard
China supported the last round of sanctions at the U.N.
This post was edited on 9/12/17 at 5:13 pm
Posted on 9/12/17 at 5:24 pm to TBoy
Last 2 rounds actually if memory serves.
Posted on 9/12/17 at 5:26 pm to TBoy
Supporting them and adhering to them are two different things.
Posted on 9/12/17 at 5:30 pm to bamarep
All true. Let's hope this has some effect. Limiting their ability to convert to hard currency for purchases outside of NK may have more power than threatening hell fire.
Posted on 9/12/17 at 5:44 pm to Bard
this looks promising
Posted on 9/12/17 at 5:46 pm to Bard
quote:
The Absolute Madman: China banks stop taking NK $
Our President did this!
Posted on 9/12/17 at 5:51 pm to Seldom Seen
peninsula nuclearized [denuclearized]
Posted on 9/12/17 at 6:13 pm to TBoy
quote:
China supported the last round of sanctions at the U.N.
Correct. How many did they support under President Obama?
Posted on 9/12/17 at 6:14 pm to TBoy
China supported the last round of sanctions after they were re-drafted. The first draft had NK's oil supply being completely cut off. China and Russia wouldn't sign off on it, so we settled for capping NK's oil supply. However, we have no idea if this will actually happen since China hasn't recorded how much oil NK has received in years. That's why Trump only called it a small victory.
Posted on 9/12/17 at 8:11 pm to Bard
A little off topic - but I read an article where a ex military guy said the best way to topple NK is to airdrop millions of iPhones in to NK and place a few wifi/Cell network satellites over NK.
Guaranteed overthrow.
Interesting concept. Doubt it's realistic.
Guaranteed overthrow.
Interesting concept. Doubt it's realistic.
Posted on 9/12/17 at 8:31 pm to Bard
The whole thing of China owning the US economically is bullshite. China relies on us HEAVILY. At the end of the day they will choose our side long before NK's. They're not going to side with a country that could initiate its own genocide because its leader is too stupid to stop poking a bear.
Posted on 9/12/17 at 8:38 pm to DeafJam73
They will create another bank and its business as usual.
Posted on 9/12/17 at 8:55 pm to Janky
One other semi-related point. Did y'all know that North Koreans were killed in the Israeli air strike on the Syrian nuke reactor a couple years ago?
Now think about how small a miniaturized h-bomb warhead is. Easily placed on a cargo ship with remote detonation. Slip in to a US port. Then you have no idea who dunnit for quite a while (non state actor).
They would have to trace the isotope signatures back to NK and then it would be circumstantial evidence at best. Plausible deniability.
This is the type of scenario I worry about with an insane regime in control of nukes.
Now think about how small a miniaturized h-bomb warhead is. Easily placed on a cargo ship with remote detonation. Slip in to a US port. Then you have no idea who dunnit for quite a while (non state actor).
They would have to trace the isotope signatures back to NK and then it would be circumstantial evidence at best. Plausible deniability.
This is the type of scenario I worry about with an insane regime in control of nukes.
This post was edited on 9/12/17 at 9:04 pm
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