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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: Maurice Winn who wrote (135538)9/12/2017 10:09:31 PM
From: TobagoJack  Read Replies (2) of 217588
 
treasury secretary mnuchin invites china to de-camp us$ and embrace gold ...

Mnuchin Threatens More Sanctions on China Over North Korea

By Saleha Mohsin and Arit John
Bloomberg News
Tuesday, September 12, 2017

bloomberg.com

Treasury Secretary Steven Mnuchin warned today that the U.S. may impose additional sanctions on China -- potentially cutting off access to the U.S. financial system -- if it doesn't follow through on a fresh round of United Nations restrictions against North Korea.

The UN Security Council added new sanctions against North Korea after leader Kim Jong Un's regime conducted its sixth and most powerful nuclear test. Mnuchin echoed the U.S. envoy to the UN, Nikki Haley, in calling the sanctions "historic" even though they didnt include U.S. demands for a full oil embargo and a freeze on Kim's assets. The new measures include limiting North Korea's imports of petroleum products and banning textile exports.

"If China doesn't follow these sanctions, we will put additional sanctions on them and prevent them from accessing the U.S. and international dollar system -- and that's quite meaningful," Mnuchin said during an event at CNBC's Delivering Alpha conference in New York. ...

... For the remainder of the report:

bloomberg.com
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