Posted on 11/24/2004 8:38:12 AM PST by LarkNeelie
...LOST would have our country surrender its sovereignty on the seas to a body called the International Seabed Authority (ISA), whose membership is stacked in favor of Third World nations. If the Senate ratifies LOST, we will have given the ISA the authority to determine what rights our country will have to mine minerals located on the ocean floor and the right to tax their extractiononly hope that conservatives across this nation will come to the defense of our country’s sovereignty by making it absolutely clear, in no uncertain terms, where they stand. If everyone does, I am confident that, with an incoming Senate more conservative in terms of its membership, the forces in defense of our nation’s sovereignty will prevail.
(Excerpt) Read more at newsmax.com ...
Actually, that's not what this is about at all. What this treaty is about, at it's base, is money. The third world wants to extract a tax (tribute, payment, whatever the hell you want to call it), from those who exploit the resources of the open ocean.
It goes like this: Exxon build, at huge expense, a rig in the open ocean - outside of any nation's territorial waters. They hit a big pool of oil, and begin to pump it out. Every little third world dictatorship on the planet wants to get a cut of the profits because this oil at the bottom of the ocean - that they did nothing to extract - and took none of the risks inherrant in drilling - is supposedly owned by the world at large, and is a jointly held asset of all the nations of the earth. As allways, it's all about money. They want money for nothing. This is just business as usual, and is yet another way to extract money from us.
They want to do the same thing with the moon, and from what I understand, this treaty is designed to set precedent for that. Someday, man will mine the moon and asteroids. (One moderate-sized asteroid would provide as much metal as has been mined in the entire history of the earth.) The U.N. wants to make sure that those of us who foot the bill and take the risks do not profit from it without them getting a cut.
Yes, I figured that. My reply was sly humor. But you are correct. The UN has become the god-father and executive branch of the international mafia.
That's a big Negarory back atcha!
Not only the US Navy, but it looks like our illustrious Pres. and company do too.
Exactly. It's the Senators we have to pressure to reject it!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.