Treasury Secretary Mnuchin Press Conference on DPRK Sanctions – 2:45pm EDT Livestream…

U.S. Treasury Secretary Steven Mnuchin will be holding a press conference shortly to outline the latest sanctions against North Korea, and discuss the impact of Beijing’s central bank barring economic transactions between Chinese banks and North Korea.  Start time estimated between 2:45pm and 3:00pm EDT

Update: Video Added

SECTION TWO: Sec. 2. (a) No aircraft in which a foreign person has an interest that has landed at a place in North Korea may land at a place in the United States within 180 days after departure from North Korea. (link to Executive Order)

RSBN Livestream LinkWH Livestream Link

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63 Responses to Treasury Secretary Mnuchin Press Conference on DPRK Sanctions – 2:45pm EDT Livestream…

  1. Minnie says:

    Thanks for the link, primed and ready.

    Like

  2. Minnie says:

    LIVE – now!

    Like

  3. FINANCIAL INSTITUTIONS: The E.O. provides the authority to impose sanctions on any foreign financial institution that knowingly conducts or facilitates any significant transaction on behalf of certain designated individuals and entities, or any significant transaction in connection with trade with North Korea, on or after the date of the E.O.

    Under this new authority, the sanctions measures can be either restrictions on correspondent or payable-through accounts or blocking sanctions.
    The E.O. also provides the Secretary of the Treasury additional authority to block any funds originating from, destined for, or passing through accounts linked to North Korea that come within the United States or possession of a U.S. person.
    Foreign financial institutions must choose between doing business with the United States or facilitating trade with North Korea or its designated supporters.
    TRADE: The E.O. directly targets North Korea’s shipping and trade networks and issues a 180-day ban on vessels and aircraft that have visited North Korea from visiting the United States. This ban also targets vessels that have engaged in a ship-to-ship transfer with a vessel that has visited North Korea within 180 days. North Korea is dependent on its shipping networks to facilitate international trade.
    The E.O. also authorizes the Secretary of the Treasury, in consultation with the Secretary of State, to impose sanctions on persons involved in:

    Industries: The construction, energy, financial services, fishing, information technology, manufacturing, medical, mining, textiles, or transportation industries in North Korea;
    Ports: Ownership, control, or operation of any port in North Korea, including any seaport, airport, or land port of entry;
    Imports/Exports: at least one significant importation from or exportation to North Korea of any goods, services, or technology.

    http://www.zerohedge.com/news/2017-09-21/white-house-releases-details-latest-north-korea-sanctions

    Liked by 5 people

    • mike says:

      Oh, boy. The ships and airplanes are partly treated as “coodie carriers”.

      They should go whole hog. “All vessels [contaminated] by North Korea shall be diligently inspected for biological, chemical and nuclear contamination and contraband, at the vessel owner’s expense.”

      Liked by 3 people

  4. Red says:

    So, does this explain the Fitzgerald and McCain collisions?

    Liked by 2 people

  5. Liked by 9 people

  6. Joe says:

    Coast Guard is going to be busy!

    Liked by 6 people

  7. No bucks, no Buck Rogers.

    Liked by 2 people

  8. fleporeblog says:

    Sad that at this point, our President can’t do a normal blockade because our Naval Ships can’t stop themselves from playing ping bong in the open sea! I absolutely love this ban!

    Liked by 7 people

  9. fleporeblog says:

    The great think about the UN sanctions and now this EO, it is going to cause hell on earth for the North Koreans with winter coming! In NYC, this has been one of the coolest summers that I can ever imagine. If that is any indicator, the WINTER may be brutal! Our beloved President uses everything at his disposal! INCREDIBLE!

    Liked by 3 people

  10. magatrump says:

    Winning!

    Liked by 1 person

  11. Donna in Oregon says:

    Oh, this is delicious. China must be beside themselves. Guess we will know which countries have been playing both sides soon. Um, let’s see how many Asian markets take a dump. Jaime Dimon have anything sage to say about ’emerging’ markets and economies yet? Snicker….

    This is better than TMZ and the National Enquirer on steroids. Yummy!

    Liked by 6 people

  12. nimrodman says:

    So the pearl-clutching Left and their propaganda arm – otherwise known as “the media” – had a field day recently bemoaning PresTrump’s sabler-rattling and wailing “let diplomacy work, engage in talks, not military action”.

    Fine. So PresTrump will rely on sanctions for now.

    BUT – he will show the world how “sanctions” are done.

    … and workarounds and end runs will get punished instead of winked at.

    Liked by 13 people

  13. Peaches says:

    Should we look for another missile from Rocket Man?

    Like

  14. chojun says:

    Note that the sanctions are targeted at *banks* who are doing transactions with North Korean entities.

    This is a direct attack on Chinese enabling in the NK situation. This situation is, to borrow a phrase, “shots fired.”

    With the news earlier today it seems that the Trump Administration has magnanimously given China advance notice of these sanctions, and they have responded by complying with the terms of the sanctions so they can continue to wear their happy panda mask. However, this makes it *significantly* more difficult for China to implement their North Korea strategy whilst wearing their panda mask at the same time. They are painted into a corner because their central banking strategy has been one of their chief tools used to *buy* growth in their economy. If that were to be threatened by the shutting off of access to the US banking system then their entire economy would be at very immediate risk.

    The scenario that I currently see playing out is that NK continues, and increases in their belligerence and China has no choice but to back down and away from NK support in order to keep their economy moving with its carefully hand-laid plans which depends on free movement of funds through the banking system among WTO signatories. North Korea will slip up by attacking one of its neighbors in a limited skirmish similar to what we have seen under Obama’s term and Trump will respond in force, to the defense of our allies.

    A regime that straps its citizens to anti-aircraft guns and blows them to bits isn’t interested in dialogue with civilized nations and doesn’t envision a peaceful world for its children. I just honestly can’t see North Korea giving up the nuke. They won’t. They can’t.

    Liked by 1 person

    • Alison says:

      You seem to analyze this as if NoKo is an entity acting independently of China.

      If I understand SD’s ongoing analysis, NoKo is nothing more than a (perhaps well disguised) Chinese puppet.

      I will stay tuned.

      Liked by 2 people

      • chojun says:

        Yes, I differ slightly from SD’s analysis in that I think NK lies somewhere between a sovereign state and a puppet state – not quite fully the latter but somewhat close to it. Numerous analysis papers that I’ve read indicate that China has lost control of their ally in the recent years.

        However I’m certain that the NK nuclear program has become an intense headache for China that they wish could go away whilst still being able to use NK as leverage against other nations in the region.

        Liked by 1 person

        • Alison says:

          Thanks !

          Like

        • mike says:

          The Chinese could invade North Korea or assassinate Kim at any time with relative impunity.

          Kim’s only defense would be terrorism with future nukes. China should kill the snake before it really can bite. Personally, I think the US could offer to partition North Korea with Russia on favorable terms if they stopped Kim cold.

          Liked by 1 person

  15. MaineCoon says:

    Linked is a 9.10.2017 article posted on Martin Armstrong’s public blog regarding the “Dow – To Correct or Not?”

    https://www.armstrongeconomics.com/markets-by-sector/stock-indicies/dow-jones/the-dow-to-correct-or-not/

    Like

    • MaineCoon says:

      So sorry. This was a Reply to a post with others replies which I no longr can find. Will look at other threads.

      Ad Rem. – Feel free to please delete.

      Like

  16. Bob says:

    Seems like sanction city. Won’t work. Kim ain’t never ever, ever giving up Nukes. He isn’t that stupid. He sees it as a 2nd Amendment right of the world. Heck even the Muslim Pakis and the freaking French have nukes. All we are doing is doubling his commitment. No one, not even Trump has the guts to go all in. And let’s say we do have regime change there? Then what. They all start working for Samsung for 1/4th the wages and obliterate the SK and China economies. Better to just let this snake stay in its hole.

    Like

  17. Skinner says:

    What a time to be alive in America!

    Trump proves every day that our form of government was NOT built for professional politicians, or for political parties.

    Our Pragmatic Patriot leveraging our economic might which is 1000X more powerful than our beautiful military – he is saving lives, not just jobs.

    Liked by 2 people

  18. melski says:

    Up next for the sanction pressure will be Iran. You can do business (any kind) with the U.S. or Iran, but not both. Your choice.

    Liked by 5 people

  19. indiamaria2020 says:

    Wow Admirable discipline as well as brainpower. Mnunchin with military precision. Trump sure knows how to pick ’em, ay gang?

    Liked by 5 people

  20. The Boss says:

    Mnuchin pimp slaps media like the whores they are. More than once in a few short minutes. Icing on the Winning Cake.

    Liked by 1 person

  21. SpanglishKC says:

    His Excdellency was correct (as usual) when he said that before he was elected we were…….

    Liked by 2 people

  22. kyrissaean says:

    looks like trump goal is to turn north Korea feral since their greatest strength of being elites ruling over drones leads to unbalance economics. banning supplies like tech/fuel/materials/internet/TV access will make harder for maintenance of existing equipment/vehicles or conduct operations but allow still allow food/medicine=stagnation=north Korea will regressive sooner or later depending on true enforcement

    Like

    • kyrissaean says:

      chairman Mao Zedong did several radical things that cripple china prior going back middle road economics. like destroy tech/education/western stuff to force majority agriculture. he then did Stalin style massive manufacturing follow by cultural revolution(holocaust2.0) to kill/suppress independent thoughts/fill party of mostly yes men while hoarding all industries even from those that show him support/neutral.

      Like

  23. Economic Leverage. Lowering the Boom. I love our POTUS and his Team. These guys are not messing around.

    Liked by 1 person

  24. fedback says:

    Treasury Secretary Mnuchin is a superstar of the Trump administration.
    Smart and loyal. I like him a lot

    Liked by 1 person

  25. sundance says:

    Liked by 2 people

  26. Linus_In_W.PA. says:

    OK. First off.. Mnuchin is a stud. Hands down.
    Second, if anyone was surprised how hot his wife may be, watch this video.

    Dude owned the place.

    I hope he continues to rock in the Trump administration.

    Liked by 1 person

  27. daughnworks247 says:

    Mnuchin’s motto for President’s EO on DPKR = “Not even a smidgeon”

    Like

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