The Trump administration imposed tough new shipping sanctions against North Korea on Friday.
The move, after a lull in tensions during the Winter Olympics in PyeongChang, South Korea, indicated that the White House intends to renew pressure against Pyongyang over its nuclear weapons program.
“Today, I am announcing that we are launching the largest-ever set of new sanctions on the North Korean regime,” Mr. Trump was set to say to the Conservative Political Action Conference, according to comments released by the White House.
The latest sanctions target 27 shipping companies and 28 vessels, registered in North Korea and six other nations, including China. The Treasury Department says the shippers are participating in a complex scheme to help North Korea dodge UN restrictions against imports of refined fuel and exports of coal.
The US and its allies say the illegal ship-to-ship transfers at sea of oil and coal have enabled the North to blunt the impact of the sanctions on its economy. Chinese and Russian interests are alleged to be behind the smuggling, which has been hotly criticized by Washington.
“The timing of Mr. Trump’s announcement was notable, coming just hours after South Korea’s president, Moon Jae-in, played host at dinner to Mr. Trump’s daughter, Ivanka, who is leading the United States delegation to the closing ceremony of the games on Sunday,” the New York Times said Friday.
The White House is reportedly cool to the rapprochement between the two Koreas that has marked the Winter Olympics. The administration has opposed talks with the North unless it curbed its nuclear and missile tests, though it also hinted that it might engage in discussions without preconditions.
Observers are watching to see if the US will seriously escalate pressure against North Korea after the games end, or if it will engage in preliminary talks with Pyongyang.
"The latest sanctions target 27 shipping companies and 28 vessels, registered in North Korea and six other nations, including China. The Treasury Department says the shippers are participating in a complex scheme to help North Korea dodge UN restrictions against imports of refined fuel and exports of coal."
The way these Treasury backed sanctions work is that these companies cannot trade using the dollar as the currency of exchange. The organization that carries out most of the world’s transactions is SWIFT (Society for Worldwide Interbank Financial Telecommunication). Founded in 1973 it is a fast track method that replaced the old Telex method of bank to bank money transfers and most trade done in dollars.
Cutting off US dollars has been effectively used against Venezuela whose population is starving to death, not because Venezuela cannot export her oil but because she cannot use dollars to import products. America is still buying oil from Venezuela but Venezuela cannot import the basics. It is one of the most cruel ways to punish a nation.
It was used on Iraq which resulted in the death of 550 thousand children. The "Food for oil" program set up so that Saddam could import essentials was done using the Euro and it was so successful that Saddam wanted to dump the dollar for the Euro. He was ousted and killed for that decision.
Same with Libya’s Qaddafi.. He wanted to create a pan African currency similar to the dollar and backed with Libyan Gold. He was ousted and killed for that.
Long story short, America under Jewish control is using the dollar as a weapon against nations and businesses and individuals. SWIFT can simply shut their ability to trade in dollars. There was a time in America’s modern history where trade made us and the world rich. It was meant to bypass war. Not anymore. now trade using the dollar carries with it the danger that this very dollar will be used against a nation.
Nations like China, Japan, Iran, Russia and others are dumping SWIFT and the dollar for other organizations such as CIPS (China International Payments System) and the Yuan to a basket of other currencies than face the threat of an arbitrary US sanction.
While the dollar is increasingly being used to choke a nation’s capacity to survive the threat of nation’s opting out of using the dollar grows. The fear is if bilateral trade not using the dollar increases and the role of the dollar loses 20% to 40% of her role as an international currency the entire 21 trillion dollar debt comes crashing down on America.
One of the main reasons America can print dollars nonstop 24 hours per day 7 days per week is because it is the international currency of Exchange. Even with the role of the Euro, Yuan, Pound and few other currencies the US dollar’s role is around 70% of world trade. If it drops below 50% or lower the US Treasury cannot service America’s debt of 21 Trillion dollars.
I do not think that North Korea is trembling as a result of these additional sanctions. If anything, these addition sanctions by the USA show that the visit of the “senior adviser”, Ivanka Kushner or Ivanka Trump is not meeting the American expectations.
I would go even further. All countries must ignore the sanctions imposed either by the UNSC or any country on North Korea because these sanctions are unjust, unjustified, illegal and criminal. North Korea is at war with USA and with USA only because USA is invading Korea. The Americans are the aggressors, the invaders and the murderers. The Koreans are in their country and they are defending themselves and their country against the American invaders and murderers. The UNSC is punishing the victim of the American aggression instead of punishing the aggressor, invader and murderer, which is the USA. All countries must ignore the sanctions of the UNSC and must trade with North Korea like they trade with other countries.
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