>> Trish: NEW WARNINGS FOR
NORTH KOREA AND CHINA HAD AT THE
NEW YEAR.
DEFENSE SECRETARY GENERAL
JAMES MATTIS TELLING NORTH KOREA
JAMES MATTIS TELLING NORTH KORE
NORTH KOREA, GET READY FOR MORE
FOR NOT DOING ENOUGH TO HELP.
THIS ALL COMING AS SOUTH KOREA
JOINING ME NOW IS GORDON CHANG.
IT'S GOOD TO SEE YOU.
AREN'T PAYING FOR KIND OF
ATTENTION THEY NEED TO TO THE
SANCTIONS.
>> PRESIDENT TRUMP CREATED A
IT'S REALLY GOOD YOU HAVE AN
AMERICAN LEADER CALLING OUT THE
CHINESE AND DOING IT IN PUBLIC
CHINESE WILL SAY THAT'S JUST
EMPTY RHETORIC UNLESS HE GOES
AHEAD AND DO SOMETHING.
WHERE HE EXPRESSED
DISAPPOINTMENT WITH THE CHINESE.
RIGHT AFTER THAT, HE TOOK FIVE
ACTIONS THAT IMPOSED SMALL CALLS
ON BEIJING.
HE DID THAT AS A SIGNAL TO TELL
THE CHINESE, YOU GOT TO COME TO
THE PARTY.
DO SOMETHING BECAUSE HE HAS
CAUGHT THE CHINESE RED HANDED
AND REALLY THERE IS NO MORE ROOM
FOR GIVING THEM ANY CHOICES OR
DIFFERENT LEVELS OF IT?
THERE WAS LIKE SHE HAS A GOT A
LITTLE FIRE WITH AMBASSADOR
BOLTON, MY FRIEND JOHN BOLTON.
HE THINKS WE NEED TO BE MOVING
TOWARDS A MILITARY OPTION.
I THINK THERE'S A LOT WE CAN DO
BETWEEN NOW AND THEN.
I'M NOT TALKING JUST SANCTIONS.
I'M TALKING SANCTIONS ON
STEROIDS.
>> WE TALKED ABOUT CLEARING
CHINESE BANKS PRIMARY LAUNDERING
MONEY CONCERNS.
WE HAVE THE SECTION 301 TRADE
INVESTIGATION OF CHINA STEALING
INTELLECTUAL PROPERTY.
AS A SECTION 232.
THEY'VE ACCUMULATED A LOT OF
DEBT IN ORDER TO AVOID A
DOWNTURN IN 2008.
425%.
THAT'S A CATASTROPHIC TERRITORY.
YOU CAN'T GET ANY HIGHER THAN
WE DON'T WANT TO DO THAT FOR
SAID YOU REALLY THINK THEY WILL
GO ALONG WITH THAT?
GOSH DARN IT, THEY MAY JUST HAVE
TO.
ONE AT THAT BE THE BETTER
ALTERNATIVE THAN AN ACTUAL WAR
WHERE YOU ARE LOOSING AMERICAN
THAT THEY STRUCK NORTH KOREA
FIRST, THAT WHAT IT WOULD COME
IN ON NORTH KOREA SIDE, WHICH
MEANS, IF YOU STRIKE
THE AMERICAN PEOPLE.
THAT CONVERSATION HAS TO TAKE
INTO ACCOUNT THAT WE COULD END
UP IN A WAR, AND ONLY WITH
THAT, BUT BEFORE IT ESCALATES TO
THAT, I JUST WOULD HOPE THAT WE
WOULD DO EVERYTHING WE CAN.
AGAIN, WHEN I SEE SANCTIONS ON
STEROIDS, I'M TALKING ABOUT IF
WE HAVE TO, WE JUST STOPPED
TRADING WITH CHINA ALTOGETHER.
YOU KNOW WHAT IS GOING TO COST
THEM MORE IS GOING TO COST US.
>> THEY CANNOT AFFORD IT RIGHT
NOW BECAUSE THEY ARE DEPENDED ON
THE U.S. MARKET.
IF WE WERE TO DENY THAT MARKET
TO CHINA, OR EVEN SOME CHINESE
ENTERPRISES, THAT COULD VERY
WELL BE THE TRIGGER FOR THE LOSS
OF CONFIDENCE IN CHINA.
2015, 2016, THERE WAS MASSIVE
DRACONIAN CAPITAL CONTROLS
MAKING CHINA LOOK LIKE A
REPUBLIC.