US to Expand Sanctions on North Korea's Finances: Who suffers?

Let's see now, we put sanctions in place to teach bad governments to
play ball with our Empire so that their people will enjoy freedom,
democracy and peace....no more subversion by our CIA agents.
So how's all that working? Well, we've not had any attacks on our
homeland by Cuba, North Korea, Iran, Russia or...who else are we
sanctioning these days? But then, seems as if the only attack on our
Homeland this century has come from citizens of a "friendly" nation.
Saudi Arabia.
Of course we won't even get into just who suffers from our sanctions.
And don't guess that it's the Ruling Class in those countries.
Recently we learned that our fifty year sanctions on Cuba hurt
American businesses. But that's the price the little guy must pay to
defend Freedom...for the Ruling Class.
But let's not forget sanctions against some of our "friendly" nations.
Ireland and Greece are feeling the bite. At least the Working Class
citizens are being squeezed to cover the foolish squandering of their
Masters.
If we considered every depression/recession as a sanction on the
Working Class, we might have a clearer view of just whom Capitalism
serves. But then, I just might get lucky and win the big Lotto and my
troubles will all be over!

Carl Jarvis
On 1/15/15, Miriam Vieni <miriamvieni@optonline.net> wrote:
>
> Yoon writes: "The Obama administration will increase pressure on North Korea
> with additional sanctions against Kim Jong-Un's regime and its supporters in
> response to the country's hacking of Sony Pictures Entertainment computers,
> officials told members of Congress."
>
> North Korea is a very impoverished country, a problem that financial
> sanctions could exacerbate. (photo: David Guttenfelder/AP)
>
>
> US to Expand Sanctions on North Korea's Finances
> By Sangwon Yoon, Bloomberg
> 14 January 15
>
> The Obama administration will increase pressure on North Korea with
> additional sanctions against Kim Jong-Un's regime and its supporters in
> response to the country's hacking of Sony Pictures Entertainment computers,
> officials told members of Congress.
> President Barack Obama's Jan. 2 executive order, which blacklisted 10 North
> Korean officials and three state organizations, provides "flexibility that
> we haven't had before to target the North Korean government, to target North
> Korean officials and to target those who provide material support to any
> designated entity," Daniel Glaser, assistant Treasury secretary for
> terrorist financing, said Tuesday at a hearing of the House Foreign Affairs
> Committee.
> The U.S. intends to "increase the cost" by targeting the North Korean
> elite's sources of hard currency and its ability to repatriate cash via the
> international financial system, primarily through China, said Glaser, who
> was joined by colleagues from the State Department and the Department of
> Homeland Security.
> The officials' testimony suggests that the U.S. may expand its sanctions in
> a manner similar to its 2005 blacklisting of Macau, China-based Banco Delta
> Asia for doing business with the Kim regime. The U.S. would need Chinese
> backing to deter financial institutions from dealing with the North.
> China-U.S. cooperation on North Korea has improved in "all dimensions" in
> recent years, as President Xi Jinping's government reconsiders the
> unconditional defense China has provided to the North, said Sung Kim, the
> State Department special envoy on North Korea, at the hearing.
> Direct Talks
> Kim said he'll travel to Beijing this month to discuss strengthening
> cooperation, after a visit to Tokyo for a discussion with Japanese and South
> Korean counterparts.
> The U.S. and its ally South Korea won't suspend their routine joint military
> exercises in exchange for a moratorium on North Korea's nuclear tests, said
> Kim, a former U.S. ambassador to South Korea, referring to a proposal made
> by the North on Jan. 9.
> Any discussions on the North's nuclear ambitions must take place under the
> six-nation talks led by China and until then, the U.S. will use pressure to
> change the regime's behavior and bring it back to the negotiating table, Kim
> said.
> North Korea Offer
> An Myong Hun, a senior North Korean diplomat to the United Nations, on
> Tuesday condemned the U.S. refusal of its offer last week. He urged the
> Obama administration to change its policy and "at least this year
> temporarily suspend military exercises" to mark the 70th anniversary of a
> divided Korean peninsula. The Korean War ended in a truce, not a peace
> treaty.
> "The government of the DPRK is ready to explain its intention behind its
> proposal directly to the United States," An said, referring to his nation by
> an acronym of its official name, the Democratic People's Republic of Korea.
> "If this proposal is put into practice this year, many things will be
> possible this year on the Korean peninsula."
> Kim, a former U.S. ambassador to South Korea, downplayed the significance of
> recent contacts between Russia and North Korea, including a top North Korean
> diplomat's November visit to Moscow, saying that Russia is "committed to the
> shared goal of denuclearization of North Korea and wants to make sure they
> move in that direction."
> Nuclear Pursuit
> The U.S. saw no intelligence pointing to any Russian assistance in the Sony
> hacking, which used "sophisticated" and "well-crafted" malware codes,
> retired Air Force Brigadier General Gregory Touhill, the deputy assistant
> homeland security secretary for cybersecurity, said at the hearing.
> North Korea's government has denied involvement in the attack on Sony while
> condemning its movie "The Interview," a broad satire about a U.S. plot to
> assassinate the North Korean leader.
> Representative Ed Royce of California, the Republican chairman of the House
> Foreign Affairs panel, urged stiffer sanctions, not only for the Sony attack
> but also for North Korea's human-rights abuses and continued pursuit of
> nuclear weapons.
> The Republican-led House will again push for Senate passage of legislation
> that would designate the North, like Iran, as a primary money-laundering
> concern, Royce said. The bill would authorize measures such as barring North
> Korean weapons sales and increasing inspections of North Korean ships.
> <HTML><META HTTP-EQUIV="content-type"
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> class="art02"><P class="wtext"></P><P class="imgon2"><IMG width="430"
> height="195" title="North Korea is a very impoverished country, a problem
> that financial sanctions could exacerbate. (photo: David Guttenfelder/AP)"
> style="border: 0px currentColor;" alt="North Korea is a very impoverished
> country, a problem that financial sanctions could exacerbate. (photo: David
> Guttenfelder/AP)"
> src="/images/stories/article_imgs14/014931-north-koreans-011415.jpg"
> border="0"> <BR>North Korea is a very impoverished country, a problem that
> financial sanctions could exacerbate. (photo: David Guttenfelder/AP)</P><P
> class="noslink"><A
> href="http://www.bloomberg.com/news/2015-01-13/u-s-to-expand-sanctions-on-north-korean-finances-officials-say.html"
> target="_blank"></A><IMG title="go to original article" alt="go to original
> article" src="/images/stories/rsn_gotoarticle.jpg" border="0"><A
> href="http://www.bloomberg.com/news/2015-01-13/u-s-to-expand-sanctions-on-north-korean-finances-officials-say.html"
> target="_blank"></A></P><p class="txtimg"><BR><H1 class="txttitle">US to
> Expand Sanctions on North Korea's Finances</H1><P class="txtauthor">By
> Sangwon Yoon, Bloomberg</P><P class="date">14 January 15</P><P> </P><P><IMG
> src="/images/stories/alphabet/rsn-T.jpg" border="0">he Obama administration
> will increase pressure on North Korea with additional sanctions against Kim
> Jong-Unâ EURO (tm)s regime and its supporters in response to the countryâ EURO (tm)s hacking
> of Sony Pictures Entertainment computers, officials told members of
> Congress.</P><P class="indent">President Barack Obamaâ EURO (tm)s Jan. 2 executive
> order, which blacklisted 10 North Korean officials and three state
> organizations, provides â EURO oeflexibility that we havenâ EURO (tm)t had before to
> target the North Korean government, to target North Korean officials and to
> target those who provide material support to any designated entity,â EURO
> Daniel Glaser, assistant Treasury secretary for terrorist financing, said
> Tuesday at a hearing of the House Foreign Affairs Committee.</P><P
> class="indent">The U.S. intends to â EURO oeincrease the costâ EURO by targeting the
> North Korean eliteâ EURO (tm)s sources of hard currency and its ability to
> repatriate cash via the international financial system, primarily through
> China, said Glaser, who was joined by colleagues from the State Department
> and the Department of Homeland Security.</P><P class="indent">The
> officialsâ EURO (tm) testimony suggests that the U.S. may expand its sanctions in a
> manner similar to its 2005 blacklisting of Macau, China-based Banco Delta
> Asia for doing business with the Kim regime. The U.S. would need Chinese
> backing to deter financial institutions from dealing with the North.</P><P
> class="indent">China-U.S. cooperation on North Korea has improved in â EURO oeall
> dimensionsâ EURO in recent years, as President Xi Jinpingâ EURO (tm)s government
> reconsiders the unconditional defense China has provided to the North, said
> Sung Kim, the State Department special envoy on North Korea, at the
> hearing.</P><P class="indent"><B>Direct Talks</B></P><P class="indent">Kim
> said heâ EURO (tm)ll travel to Beijing this month to discuss strengthening
> cooperation, after a visit to Tokyo for a discussion with Japanese and South
> Korean counterparts.</P><P class="indent">The U.S. and its ally South Korea
> wonâ EURO (tm)t suspend their routine joint military exercises in exchange for a
> moratorium on North Koreaâ EURO (tm)s nuclear tests, said Kim, a former U.S.
> ambassador to South Korea, referring to a proposal made by the North on Jan.
> 9.</P><P class="indent">Any discussions on the Northâ EURO (tm)s nuclear ambitions
> must take place under the six-nation talks led by China and until then, the
> U.S. will use pressure to change the regimeâ EURO (tm)s behavior and bring it back
> to the negotiating table, Kim said.</P><P class="indent"><B>North Korea
> Offer</B></P><P class="indent">An Myong Hun, a senior North Korean diplomat
> to the United Nations, on Tuesday condemned the U.S. refusal of its offer
> last week. He urged the Obama administration to change its policy and â EURO oeat
> least this year temporarily suspend military exercisesâ EURO to mark the 70th
> anniversary of a divided Korean peninsula. The Korean War ended in a truce,
> not a peace treaty.</P><P class="indent">â EURO oeThe government of the DPRK is
> ready to explain its intention behind its proposal directly to the United
> States,â EURO An said, referring to his nation by an acronym of its official
> name, the Democratic Peopleâ EURO (tm)s Republic of Korea. â EURO oeIf this proposal is
> put into practice this year, many things will be possible this year on the
> Korean peninsula.â EURO </P><P class="indent">Kim, a former U.S. ambassador to
> South Korea, downplayed the significance of recent contacts between Russia
> and North Korea, including a top North Korean diplomatâ EURO (tm)s November visit to
> Moscow, saying that Russia is â EURO oecommitted to the shared goal of
> denuclearization of North Korea and wants to make sure they move in that
> direction.â EURO </P><P class="indent"><B>Nuclear Pursuit</B></P><P
> class="indent">The U.S. saw no intelligence pointing to any Russian
> assistance in the Sony hacking, which used â EURO oesophisticatedâ EURO and
> â EURO oewell-craftedâ EURO malware codes, retired Air Force Brigadier General
> Gregory Touhill, the deputy assistant homeland security secretary for
> cybersecurity, said at the hearing.</P><P class="indent">North Koreaâ EURO (tm)s
> government has denied involvement in the attack on Sony while condemning its
> movie â EURO oeThe Interview,â EURO a broad satire about a U.S. plot to assassinate
> the North Korean leader.</P><P class="indent">Representative Ed Royce of
> California, the Republican chairman of the House Foreign Affairs panel,
> urged stiffer sanctions, not only for the Sony attack but also for North
> Koreaâ EURO (tm)s human-rights abuses and continued pursuit of nuclear
> weapons.</P><P class="indent">The Republican-led House will again push for
> Senate passage of legislation that would designate the North, like Iran, as
> a primary money-laundering concern, Royce said. The bill would authorize
> measures such as barring North Korean weapons sales and increasing
> inspections of North Korean ships. </P></DIV></DIV></DIV> <SPAN
> class="article_separator"> </SPAN>_
>
>
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