Bush Pushes to Transfer 70% of the World to U.N. Control
Just when I think President Bush cannot do anything more outrageous against the national interests of this country and the Constitution he swore to uphold, he tops himself. Our theory here is that he knows his presidency is shot and so he has abandoned even trying to go out with a positive legacy. He does not care about what the average American thinks of him, he does not care that he is destroying the Republican Party. All he is trying to do now is ram through as much of the globalist agenda as possible before he leaves. That way, his tag-team partner Hillary Clinton will not have to take the hits in the public opinion polls for selling out the country by doing all this stuff later. The Bush-Clinton administration agenda will advance.
I am referring to Bush's recent decision to dust off the old U.N. "Law of the Sea" treaty. It has been sitting around since the 1980s, now he says he wants it passed in the next three weeks- before public outrage has time to build. This treaty would transfer control of 70% of the Earth's surface to a new U.N. bureaucracy (the "International Seabed Authority Secretariat") that would have its own independent revenue stream because of its power to tax U.S. and other companies who wish to extract resources from the ocean floor. The sordid details of this outrageous treaty are here. We don't know the full extent of riches in the world's oceans. If this treaty goes through, I can see the day coming when this international agency has a higher tax revenue stream (and thus more power) than any nation on Earth.
Reagan refused to sign a similar treaty, and made the case that it was against U.S. interests. Clinton made a few changes and tried to push it through again, but by that time the Senate realized how bad it was and would not authorize it. Now the backers of the treaty are attempting to use the threat of climate change to push the treaty, and Bush is helping them get it done.
The effect of this treaty will be to weaken national sovereignty and tilt the playing field for deep ocean resources to only the largest global corporations. Bureaucracies tend to set up hurdles to entry into business and the costs for deep sea exploration are already high. A middle-weight oil company, say like Murphy Oil in Arkansas, will be at a competitive disadvantage with a giant like Exxon, who can afford to jump those bureaucratic hurdles and maintain an on-going relationship with the various tentacles of the bureaucratic machine. Thus, this really represents an effort of the world's largest corporations to squeeze out smaller players in the competition for ocean resources. By their actions, it is clear that the Bush-Clinton administration is loyal to the global elites, not the citizens of the United States.