The Law of the Sea Treaty (LOST) would extract global tax payments from the United States and transfer the revenue and the U.S. technology that generated it to Third World nations.
“Under the treaty, the transfer of these funds does not end with nation states,” they write. “These royalty revenues would even be extended to ‘peoples who have not attained full independence or other self-governing status.’ That means groups like the Palestinian Authority and potentially other groups with terrorist ties.
“Ceding authority to the International Seabed Authority in Jamaica (ISA) would mean that the sovereignty currently held by the U.S. over the natural resources located on large parts of the continental shelf would be lost. That loss would mean lost revenue for the U.S. government in the form of lost royalties that the U.S. government collects from the production of those resources,” the senators write.
Estimates are that the resources have a value in the range of “trillions.”
Top officials such as Secretary of State Hillary Clinton, Defense Secretary Leon Panetta and Joint Chiefs Chairman Martin Dempsey have argued on behalf of the treaty before the Senate Foreign Relations Committee.
It seems that most Democrats want to go to socialism or a New World Order. I do not think that most Americans want to be ruled by a small group of rich and powerful people who do not care about anyone but themselves and how much profit they can make for themselves. Please write, call, or e-mail your Congressmen/women and tell them do NOT vote for LOST. Let us keep America the Home of the Free and the Brave. Because Without America There Is No Free World – Canada Free Press