Reported that China will block all banks from dealing with NK

Discussion in 'Politics, Religion, Social Issues' started by Zombie Acorn, Sep 21, 2017.

  1. Zombie Acorn macrumors 65816

    Zombie Acorn

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    #1
  2. Zenithal macrumors 604

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    Sounds like it. We need China more than they do us, but we're a far bigger trade partner than North Korea. It's imperative to choke out the noisy uncle at the dinner table during Christmas dinner, so to speak.
     
  3. jpietrzak8 macrumors 65816

    jpietrzak8

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    Cool. So will this be bigger than when Trump praised China for their UN sanctions vote last month? Or when Trump praised China for taking on the NK problem last spring? Or when China stated they would put pressure on NK any number of times in past administrations?

    China sometimes talks big about leverage over NK, but to date, it has been useful to take their statements with a grain of salt.
     
  4. Zombie Acorn thread starter macrumors 65816

    Zombie Acorn

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    We will find out soon enough, Kim either goes bezerk or gives in, there's no middle ground. From recent stories of people escaping we already know his army is ready to betray him for bribes because they are so poor, so I don't think it would take much to flip the country.

    Host a large breakfast buffet every morning across the DMZ might be worth a try.
     
  5. jpietrzak8 macrumors 65816

    jpietrzak8

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    Actually, the far more likely choice is that Kim finds a way around the sanctions, as he and his father and his grandfather have done, year in and year out, for decades now. It's not like Kim and his family haven't seen this play before. They make the usual belligerent moves, we make the usual diplomatic and economic response, they work around it and go on with life.
     
  6. Zombie Acorn thread starter macrumors 65816

    Zombie Acorn

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    That was with China on their side, things are going to get a little bleaker around NK, especially if you can't afford to feed your army. Kim will be forced to make a move one way or another.
     
  7. Gutwrench, Sep 21, 2017
    Last edited: Sep 21, 2017

    Gutwrench Contributor

    Gutwrench

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    I wonder if this is tied to today’s executive order?

    https://www.whitehouse.gov/the-pres...r-imposing-additional-sanctions-respect-north

    Here’s a Reuters story.

    http://www.reuters.com/article/us-n...s-with-north-korea-sources-idUSKCN1BW1DL?il=0

    Apparently the directive to the banks was sent on Monday.
     
  8. jpietrzak8 macrumors 65816

    jpietrzak8

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    Well, that would be true, if China was not helping them. So, you think China has stopped helping them?

    From what I read, we have a second-hand statement from Donald Trump that China has made a statement that it wants Chinese banks to stop dealing with North Korea. I will pass commenting on (a) the credibility of Trump as a source, (b) the percentage chance of Trump understanding the details of a statement on macroeconomics, and (c) the percentage chance that China was simply telling Trump what he wanted to hear, and go straight to (d): why do you think this will actually affect North Korea?

    Even assuming that China actually follows through on this statement, the major support China provides is the oil, food, and other goods it ships over the border. So long as these shipments continue, I don't see much pressure placed on NK with this...
     
  9. GermanSuplex macrumors 6502a

    GermanSuplex

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    Glad to see Trump solved the problem by doing what nobody in office before him has done. NK's continued threats to the U.S., calling the U.S. president a "dotard" and "senile" and threatening the country, all the while further advancing their nuclear arsenal is definitely a step in the right direction.
     
  10. Gutwrench Contributor

    Gutwrench

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    Aww come on, whose said the problem is solved?
     
  11. Populism macrumors regular

    Populism

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    I read the same dailykos article.
     
  12. rjohnstone macrumors 68040

    rjohnstone

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    It's not a "second hand statement".
    The order has been verified by several different sources.

    http://www.businessinsider.com/china-tells-banks-to-stop-business-with-north-korea-2017-9


    https://www.reuters.com/article/us-...siness-with-north-korea-sources-idUSKCN1BW1DL
     
  13. jpietrzak8 macrumors 65816

    jpietrzak8

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    Actually, I'm going off of a Politico article. What are you reading?

    Trump on Thursday praised a “bold move” by China’s central bank to direct that nation’s other banks to stop doing business with North Korea. China is North Korea’s largest trading partner and has historically been its chief patron on the world stage and protector inside the United Nations Security Council. “It was a somewhat unexpected move and we appreciate it,” the president said.​

    http://www.politico.com/story/2017/09/21/trump-sanctions-north-korea-242971?lo=ap_b1
    --- Post Merged, Sep 21, 2017 ---
    Cool. So, now we only need to wonder (a) Did the China central bank order have real teeth, (b) will NK find a way around the sanctions, and (c) does NK even care about these particular sanctions?
     
  14. stylinexpat macrumors 65816

    stylinexpat

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  15. dogslobber macrumors 68040

    dogslobber

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    Communist China will never do anything which would destabilize North Korea. The last thing the communists want is American soldiers sitting on their border.
     
  16. Zombie Acorn thread starter macrumors 65816

    Zombie Acorn

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    Lol which is why they are going to put a lid on NK, the US finally has a president with enough balls to actually come into China's back yard and spank the fat bastard.

    Obama let it get to this level through his incompetence. Now Trump is going to take care of business.
     

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15 September 21, 2017