The United States has not witnessed a trade surplus since 1975, and since then trillions of dollars have been lost through trade deficits caused by “free trade” on our end. “Free trade” has essentially led to the most massive wealth transfer in the history of the world. That is why we as American citizens need to be alarmed when we hear our political leaders supporting free trade deals such as Senator Mitch McConnell.
Tag Archives: Trade Deficit
The United States imports much of our gasoline from foreign countries — specifically Canada and Mexico via “free trade” agreements. However, we also import oil from more dangerous countries like Syria, Algeria, Chad, Saudi Arabia, the Democratic Republic of the Congo, Iraq, Mauritania, Columbia, Nigeria, and Pakistan.
For almost two decades the U.S. has been living with the results of joining the World Trade Organization(WTO). The WTO is a self-serving and undemocratic organization that operates outside of our control. The U.S. Constitution states that all treaties made under the authority of the United States become supreme law of the land (Article VI). When our government signed the WTO treaty, unbeknownst to most Americans – including our legislators – our sovereignty was given away.
Unfortunately for us, many of our “free trade” agreements have resulted in closed factories, soaring unemployment, and some communities engulfed in misery.
For over two decades, our nation has been soft on China. They had been that awkward big kid in the corner who no one played with, but everyone was secretly afraid of. Having just come off our cold war victory we figured we should make friends with China. So our government invited them to join the World Trade Organization (WTO) and gave them most favored nation status. The result has been China’s rise and the United States’ decline.