Posted on 04/17/2017 7:31:35 AM PDT by Ernest_at_the_Beach
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President Trump and members of his administration have recently struck a very friendly tone toward China, particularly with respect to that country’s apparent support for the effort to “denuclearize” the North Korean regime of Kim Jong-un. But a senior Republican member of Congress on Sunday suggested that, behind the scenes, the administration is working on a different option that would be much more confrontational.
In an appearance on CNN, House Foreign Relations Committee Chairman Ed Royce (R-CA) said that despite indications that Beijing is concerned about nuclear proliferation in North Korea, the Chinese government is still supporting the Korean economy and its nuclear program. He said there are plans being put in place to hit 10 Chinese banks that do business in North Korea with crippling sanctions to cut off funding to the Kim regime.
Related: Why North Korea and Syria Are Bigger Than the Mother of All Bombs
The move would be similar to a highly successful effort in 2007 to cut off money to Pyongyang. At that time, the US imposed sanctions on Banco Delta Asia, a Macao-based bank that did considerable business with the North Korean regime. The impact was severe, on both the bank and North Korea, Royce said. Other banks, intimidated by the US move, restricted or eliminated their dealings with the North Korean government.
Directly harming China's financial institutions would also be a much more aggressive step against China than anything the administration has proposed so far.
(Excerpt) Read more at finance.yahoo.com ...
Let’s wait and see.
I guess we’ll see...
I have a feeling President Trump is going to use them to deal with this problem.
FWIW. This article is a Yahoo-linked article by Rob Garver of The Fiscal Times. Apparently some kind of quasi/freelance DC writer.
His curriculum vitae are here.
https://www.linkedin.com/in/robgarver
Maybe the Military has their own Banks....
Anything that comes from YAHOO has to be taken with a ton of salt...
Talk softlybluntly and carry a huge stick......
Thanks,....worked with Bob Woodward, on a recent book....The Price of Politics.
Trump will have to let the Norks take the first shot. Upping the ante increases the likelihood of it happening and this 63 year issue can be solved. Maybe(hopefully) some Nork generals will take him out b4 it comes to it. .
So, I wonder, what do we give up in exchange for the removal of Kim Jong Un?
Do we acquiesce to China’s annexation of the South China Sea?
They get something out of the deal. Not saying its not worth it, just wondering. Maybe the main thing they get is both of us knowing that China is indispensable.
And that is why Trump backed off the "China is a currency manipulator" claim.
Get China on board for this coming Nork action.
Plenty of time for the other stuff, later.
It is the Art of The Deal.
CIA kidnaps head rocket scientist, Coyote Wile-e, and threatens him to be tied down with a group of angry roadrunners pecking him.
Yep...President Trump has a lot of way of dealing with the ‘little fat boy’...China is one of them...
The question is, what would China get out of the deal? Do we agree to leave the peninsula in exchange for China taking out the Kim Dynasty?
“Do we agree to leave the peninsula in exchange for China taking out the Kim Dynasty? “
That’s a fair deal and if it’s offered we should take it.
It already does involve the military. See Tomahawks, MOAB, Carrier Strike Group 1.
The model would be how we handled Austria after WWII.
Many don't realize that Austria was divided, like Germany, the difference was we agreed in 1955, that Austria would be neutral (not join NATO), and that allowed everyone to withdraw and for Austria to be united.
There are two problems.
Problem one: the South Koreans do not want the waves of refugees should the North Korean government collapse. They saw how expensive the collapse of Eastern Germany was.
Problem two: the Chinese do not want the waves of refugees should the North Korean government collapse. They saw how expensive the collapse of Eastern Germany was.
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