No country or civilization has ever risen to such wealth and power to have receded so quickly to stagnation, dependency and indebtedness. The reason is twofold: our disastrous “free trade” agreements and our membership in the World Trade Organization (WTO).
Tag Archives: WTO
Our “free trade” policies have allowed other countries to use unfair tactics to put our industries out of business. Theoretically these nations are committed to opening their markets to our goods – but they are not as foolish as we are to allow that to happen in an uncontrolled way.
Membership in the WTO is of no benefit to us—it actually does us great harm! It has damaged our economy and caused us to forfeit our sovereignty. The WTO now controls us, causing us to have no control over our own affairs. By signing the agreement with the World Trade Organization, the U.S. Congress agreed to concede a major portion of our sovereignty and usurp our democratic legislative process, including:
World Trade Organization (WTO) regulations created in the 1990s with regard to financial services still allow for the kind of trading and exchange that nearly destroyed the world banking system. And because the U.S. government submits to the will of the WTO, a potential challenge to laws from that body would force a reversal.
Unfortunately, most Americans have never heard of the World Trade Organization (WTO) and its true role. It seems as if the media wants to keep it that way since we never hear about news regarding the WTO. The reality is that the WTO has a great deal to do with the current unfavorable condition of the U.S. economy. Essentially, the WTO can be seen as a contract between 160 member nations that severely restricts the ability of countries, especially the U.S., to handle their own economies and control their own trade. The WTO has proven to be detrimental to our economy.