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.
Tag Archives: Trade Deficit
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.
Instead of fair trade, America has turned to “free trade” as its dominant trading policy. This is like turning from milk to gasoline in your drinking policy. “Free trade” has taken America from the world’s superpower to a second-rate nation and it’s getting worse. Here are eight ways in which “free trade” is killing our economy.
There are two great debts the American people have, yet there is only one the nation talks about. These twin debts are the national debt–money borrowed from the nation against itself compiled with money borrowed from other nations–and the trade deficit: money given to other nations for imported products and services that will, at some point, come back to buy out the United States.