Why haven’t American policy makers gone after Chinese Banks supporting N.K. missile program

North Korean escalation in the form of increased missile tests and resumption of ICBM and nuclear tests to pressure the US to make concessions -- in the shape of troop withdrawals from South Korea -- would play directly into the hands of China, enabling it to replace the US and establish itself as the primary power in the region. Pictured: A launch of the Hwasong-12 ballistic missile from an undisclosed location in North Korea, on August 29, 2017. (Photo by North Korea's official Korean Central News Agency/STR/AFP via Getty Images)

Revelations 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.

Important Takeaways:

  • The Growing Threat from North Korea
  • “According to unclassified intelligence reports to Congress, there are five key Chinese banks and a specially created holding company that funds the North Korean missile and nuclear technology programs.” — Peter Huessy, Real Clear Defense, August 10, 2017.
  • China’s main strategic concern when it comes to the Korean peninsula is apparently to end the US presence there
  • North Korean escalation in the form of increased missile tests and resumption of ICBM and nuclear tests to pressure the US to make concessions — in the shape of troop withdrawals from South Korea — would play directly into the hands of China
  • In short, American policymakers know how to get China to begin acting responsibly.” — Gordon G. Chang, Newsweek, May 10, 2021.
  • The question now is — will the Biden administration muster the political will to designate those large Chinese banks under Section 311 of the Patriot Act?

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