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The Absolute Madman: China banks stop taking NK $

Posted on 9/12/17 at 4:46 pm
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
52037 posts
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'?

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.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
135222 posts
Posted on 9/12/17 at 4:48 pm to
Like the zen master says - we'll see....
Posted by TBoy
Kalamazoo
Member since Dec 2007
24012 posts
Posted on 9/12/17 at 5:11 pm to
China supported the last round of sanctions at the U.N.
This post was edited on 9/12/17 at 5:13 pm
Posted by dcbl
Good guys wear white hats.
Member since Sep 2013
29790 posts
Posted on 9/12/17 at 5:44 pm to
this looks promising
Posted by Seldom Seen
Member since Feb 2016
40887 posts
Posted on 9/12/17 at 5:46 pm to
quote:

The Absolute Madman: China banks stop taking NK $



Our President did this!


Posted by BobBoucher
Member since Jan 2008
16874 posts
Posted on 9/12/17 at 8:11 pm to
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.
Posted by DeafJam73
Baton Rouge
Member since Sep 2010
18678 posts
Posted on 9/12/17 at 8:31 pm to
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.
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