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China-Japan-Koreas
US nuclear envoy: N. Korea Macau dispute resolved
2007-03-17
The top US nuclear envoy said Friday that he felt a dispute over North Korean funds held in Macau that had possibly threatened international efforts to rid Pyongyang of its nuclear weapons had been resolved.

Washington promised to resolve its blacklisting of the tiny Banco Delta Asia and the freezing of $24 million in North Korean deposits as an inducement to Pyongyang to rejoin international talks on its nuclear ambitions. A US Treasury Department decision Wednesday ordering US banks to sever ties with Banco Delta Asia appeared to fall short of expectations. But US Assistant Secretary of State Christopher Hill said he was confident North Korea would fulfill its obligations to close its main nuclear reactor in exchange for energy aid and political concessions. "I think they want assurances that the Banco Delta Asia issues is resolved and we can give them those assurances that it is resolved."
Posted by:Fred

#8  Hell, I've got a couple of 6th graders that ran off that much on the HP 4600. Out of register on the back tho.
Posted by: Shipman   2007-03-17 21:51  

#7  Oh come now, Redneck Jim. $24 million won't "destroy America's Economy" -- that's just a year's pay for one or two middling CEOs.
Posted by: Darrell   2007-03-17 21:40  

#6  On second thought, have treasury officials "Examine" this 24 Mil, if any counterfeits are found, pull Macau's Banks Charter Permanently, and confiscate then destroy ALL AMERICAN CURRENCY in that bank, that ought to pretty well ruin them, no more screwing around, you handle Korean Counterfeits you lose ALL
Posted by: Redneck Jim   2007-03-17 20:54  

#5  I just have to wonder if that 24 Mil is in counterfeit 50's, in that case it represents pure profit, and releasing it is a direct effort to (Once Again) destroy America's Economy?
Posted by: Redneck Jim   2007-03-17 20:48  

#4  The $24 million is not important. Remember, the 1 million tonnes oil promised in the latest agreement is worth $500 million by itself. It is access to the banking system that is important. It allows payment of goods for Kimmie to buy off his supporters, payment for arms sales, and laundering of drugs and counterfeit currency.
Posted by: ed   2007-03-17 14:56  

#3  Anyone who believes the UN is good for ANYTHING needs to correct their rectal/cranial inversion. The United Nations may have started out with good intentions, but the only use it has now is to PROLONG conflicts so that it can continue to be seen as "needed". If we scrapped the UN and all its many factions, we'd find that conflict resolution would be greatly simplified. Using the "biggest stick" also works. Scrapping the UN would make it easier to use that stick.
Posted by: Old Patriot   2007-03-17 14:49  

#2  if there is this much wailing and gnashing of teath over a paltry (in international terms) 24 million dollars, then the north koreans are definately on the brink of colapse...

i say "screw em" if 24 million is so important, then they must be VERY close to collapse and maybe instead we should look for a lever to tip them over the edge and fix the problem permantly rather than put the problem on life support and keep them around and let the UN/msm have korea as an anchor to keep our foreign policy from making headway in other areas

Posted by: abu do you love   2007-03-17 13:49  

#1  FOX/CNN/NET > NK will NOT suspend its nuclear enrichment efforts nor shut down reactor unless US$25.0Milyuhn is released from Banco Delta Asia.
STRATEGYPAGE > NORTH KOREA: THE LITTLE PEOPLE article > UNO Aid progs are allowed to stay in NK becuz the UNO pays them US1.0M in annual fees, most of which goes to pay for $$$ luxuries for ruling elites. *IONews, WAFF.com > NK may have at least one GOLF-class/type Ballistic Missle submarine [nuke?][unconfirmed].
Posted by: JosephMendiola   2007-03-17 01:19  

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