Daily Caller Editorial Director Vince Coglianese called the People’s Bank of China’s decision to cease dealing with North Korean leader Kim Jong Un’s regime “momentous” on Fox Business Thursday.
“At this point it’s clear Kim Jong Un sees nuclear advancement as an insurance policy for the existence of his country. But one of the other insurance policies is dependence on China,” Coglianese explained.
“China is the one superpower here that going to be able to lean on North Korea to potentially get some concessions,” and Coglianese believes the decision to cut Kim off from his funds is a powerful move that “cannot be understated.” – READ MORE
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