Chinese Banks Are Laundering North Korean Cash

A truck returns over the Friendship Bridge from the North Korean town of Sinuiju to the Chinese border city of Dandong, in China’s northeast Liaoning province. (CHANDAN KHANNA/AFP/GETTY IMAGES)

 

‘The North Korea crisis is a massive distraction from the real threat posed by China and Russia.’

Chinese support of the North Korean government remains firmly in place and vital to the regime’s survival. Revelations emerged on April 12 that two major Chinese banks are providing a key financial lifeline to the nuclear-armed rogue regime of tyrant Kim Jong-un.

Both the Agricultural Bank of China and China Construction Bank have been “identified in a 2016 U.S. asset-seizure case as providing accounts for a Chinese trading company that helped North Korea launder its money,” Bloomberg wrote.

The two have been shown to hold and transfer cash entering and leaving Pyongyang, and facilitating its laundering through United States financial institutions.

These two banks, China’s second- and third-largest, each have more assets than JPMorgan Chase & Co., America’s largest bank.

In 2016, the Obama administration declined to enforce money-laundering laws against the banks. The Wall Street Journal noted at the time that this decision sent a signal to Beijing that “Chinese banks aiding North Korea are untouchable.”

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China Is Preparing for Conflict – and Why We Must Do the Same

Always remember, as explained by Mr. Chi Haotian, Minster of Defense and vice-chairman of China’s Central Military Commission, extermination of America is the goal of China.

In February of 2010, hand-to-hand combat with America within 10 years was promised by Colonel Meng Xianging.

Anyone who doesn’t see the danger from these credible warnings straight from the Chinese regime itself is definitely not awake. Sadly, such is the current state of America where shopping until you drop is the number one priority.

Note: Due to the the article being highly recommended for anyone to read so that it raises awareness, it will remained archived here in full.

 

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Ever since Richard Nixon opened relations with Communist China in 1972, Chinese intentions have been a matter of incessant and often fevered speculation in this country.

In particular, national security and regional experts, non-governmental organizations and office-holders alike, have endlessly debated whether the People’s Republic of China could be brought into a U.S.-dominated international order and world economy in a manner consistent with American interests and, better yet, as a partner in opposition to mutual adversaries (e.g., the Soviet Union, North Korea, and the global jihad movement). Continue reading

Why China Won’t Stop North Korea

An article from 2009 that hits the nail on the head in explaining the true relationship between China and North Korea. North Korea is a Chinese proxy which serves to keep America distracted from the main threat: China. As time has passed by since this article was written, North Korea has also exponentially increased as a threat toward the United States as well.

 

North Korea has nukes, and China isn’t worried. Something’s not right.

Understandably, America and its allies in Asia are alarmed by Kim Jong Il’s apocalyptic ambitions. Shortly after Pyongyang conducted its nuclear test on May 25, it turned South Korea into a nervous wreck by threatening a “strong military strike,” and saying that its 56-year cease-fire with Seoul no longer applies. Nearby Japan is so alarmed Tokyo is chattering about the need to develop its own nuclear arsenal. Concerns over North Korea’s nuclear belligerence reverberated throughout Asia.

Except in China.

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Experts: Iran Housing Nuke Materials in North Korea, Syria

Marie Harf, a spokeswoman for the State Department, dismissed as “bizarre” the reports, which described the transfer of enriched uranium and ballistic missile technology back and forth between the two rogue regimes.

If Iran is not forced to disclose the full extent and nature of its outside nuclear work to the United States, there is virtually no avenue to guarantee that it is living up to its promises made in the negotiating room, according to multiple experts and sources in Europe apprised of the ongoing talks.

Gordon Chang, a North Korea expert who has written in recent days about Iran’s possible “secret program” there, described the State Department’s dismissal of these reports as naïve. Continue reading