Exclusive: U.S. mulls N.Korea financial sanctions after sinking

Exclusive: U.S. mulls N.Korea financial sanctions after sinking

www.reuters.com

The Obama administration is considering going after the assets of North Korean entities and individuals to punish Pyongyang after the sinking of a South Korean warship, sources familiar with the matter said on Friday.

Freezing offshore assets would be the first tangible U.S. action to make North Korea pay a price for the March 26 sinking of the Cheonan corvette in which 46 South Korean sailors died. Pyongyang has denied responsibility for the incident.

(visit the link for the full news article)

I guess this is were Obama starts testing Kim's statement that sanctions against North Korea would be considered an act of war.

Still the NK claims they are not involved. Will these sanctions and seizing of assest push this already unstable member of the area overboard?

I guess Time will tell.

ATS?

www.reuters.com
(visit the link for the full news article)

reply to post by theability


I agree. Right now Obama needs a war to boost his popularity rating in the face of the Gulf Disaster and use it as a distraction too.

WE don't need it.. but I can see him pulling something like this.

Sink a SK ship, then seize NK's assets. Brilliant

Originally posted by InvisibleAlbatross
Sink a SK ship, then seize NK's assets. Brilliant

What assets?
What does NK have that we need, or even want?

Originally posted by Violater1

Originally posted by InvisibleAlbatross
Sink a SK ship, then seize NK's assets. Brilliant

What assets?
What does NK have that we need, or even want?

Answer - a strategic location, for future as yet unknown US imperial shenanigans

[edit on 18-6-2010 by Bravo111]

reply to post by JohnPhoenix

I agree. Right now Obama needs a war to boost his popularity rating in the face of the Gulf Disaster and use it as a distraction too.

WE don't need it.. but I can see him pulling something like this.

I can see he doing something like this also.

What not a better way to make money than STEAL IT!

Man North Korea have had a tough oule paper round. Isn't this like taking a tramps last can of beans?

reply to post by Big Raging Loner


more like taking a north korean power hungry midgets last can of noodles. All your gonna do is make the midget scream.