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>> that might be a strange thing to happen but it's certainly a possibility. if that did happen, it would be a good thing for, i can tell you, for north korea. but it would also be good for lots of other places and it would be good for the world. so certainly it is something that could happen. i don't know that it will. but it would be very, very nice if it did. >> can you decode these messages coming from the president? >> well, he's leaving the door to diplomacy open. right now, president trump's main focus is cutting off the flow of money to north korea. so that he can't build nukes. he can...

Monumental step forward which was the executive order which told the world if you do business with north korea you're not doing business with the u.s. these are starting to have been a fact because are reports unconfirmed that lower-level officials in pyongyang are not getting rations from the government. that's an indication the ruler there doesn't have the money to do what he would like witches to build missiles and nukes and give politics to serve as give mercedes and rolexes to the regime elements. kim jong un could run out of money producing. >> at the centerpiece of the diplomatic strate...

And it doesn't know how to respond to china. what trump just did was he intimidated china into getting their banks to stop all their business with the north koreans. that's a really big deal, because of gift politics. we talk about the money going to the weapons programs. as important is the money going to the regime elements, because that's how kim keeps the loyalty. >> so you're agreeing with ambassador burns that really the big news of this week, put on the bombast aside, the big news of the week are sanctions that actually matter? >> yes. i mean, these are sanctions that could actually sol...

>> one could argue that, for instance, trump's u.n. speech on tuesday was to intimidate the chinese and north koreans. fine. but you didn't have to carry it on today. >> why are people still intimidated by president trump seeing that he walks back from pretty much everything he says ever? >> yesterday sanctions were enough, i think, to actually get to kim. and we can see this because the north korean foreign minister was supposed to give his u.n. general assembly speech today. that has been indefinitely postponed which is an indication the north koreans right now don't know how to respond to a...

Leverage that the united states could use would be to go after chinese banks. >> chinese banks, small and large ones, have been laundering money for the north koreans, that's a violation of the u.s. patriot act. and the united states can actually declare or designate a bank a primary money landering concern and essentially deny it access to dollars. in other words, that's a death sentence for many any bank especially chain into's big banks. the threat of that i think is enough to push china in the right direction. but i think that's a reason for doing it. >> what would china do? how could they...