Wednesday, July 26, 2006

Hitting North Korea Where It Hurts

Fire of Liberty

Well it looks like China is finally stepping up to the plate against North Korea by hitting them where it hurts which is via their bank accounts. According to this piece in the Financial Times, the Chinese government has ordered the managers of The Bank of China to freeze the various accounts held by the leadership and entities of the "Hermit Kingdom." I'd say that this is progress with regards to North Korea if the Chinese are willing to shut-off these accounts to what is a client state. Let's just hope that this is one step in many against Kim Jong Il's regime.(If I could only say the same with regards to Switzerland, Austria, Russia and Singapore.)

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