It is no secret that the United States’ trade deficit is through the roof. We have an alarming number of loans from foreign governments. Unfortunately, this places us in an unfavorable position because it allows other countries to influence our economic decisions. In fact, laws regulating what other countries can ship into the United States have been eliminated due to one-way “free-trade” agreements like NAFTA and the KORUS FTA.
Tag Archives: NAFTA
The North American “Free Trade” Agreement (NAFTA) is an agreement between Canada, the U.S. and Mexico created on January 1, 1994. Since its creation, nearly 300,000 family farms in Mexico have been put out of business, forcing Mexican workers to seek employment and better opportunities elsewhere—the United States.
Tariffs were originally set up by Alexander Hamilton, the first Secretary of the Treasury, to help protect American industries. During the Civil War, Abraham Lincoln, then leader of the new Republican Party, similarly implemented a 44% tariff to protect American manufactures and generate funds for the war and the construction of railroads. After World War II and during the Cold War, the U.S. government began lowering trade barriers and instituting what is known as “free trade.”
We are being controlled and directed – told what to do – by other nations, for their benefit and to our detriment. Our direction in so-called “free trade” is not just hurting us – it is destroying us. One look at our condition and direction will clearly show we are in a mode of self destruction. When will we wake up to the realization that some of the agreements we have signed, most specifically NAFTA, KORUS and our agreement with the WTO, are preventing us from doing what is in our best interest?
If an enemy was seeking to hire someone to destroy America he might have hired the political leaders who created the foreign, undemocratic World Trade Organization (WTO), job killing North American “Free Trade” Agreement (NAFTA), the disastrous Korean-U.S. “Free Trade” Agreement (KORUS FTA) and the pending unholy trinity of trade agreements – the TPP, TTIP and TISA.