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

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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