EXACTLY TRUE !
NOAA , under the Sect. of Commerce, imposed a system of "Catch Shares" on American fisheries, despite specificly instructed by Congress to not implement this program.
"Catch Shares" restricted the amount and number of fish caught by Commercial and Recreational fishermen; this program brought about the demise of the New England fleet.
With NOAA reductions in the number of fish brought inshore, the commercial viability of the fleet was bankrupted, and "Catch Shares" could be bought at reduced price.
Many of thses catch shares were bought up by foreign contries and 'non-profits'(ie: PEW Foundation,etc.)
Amerian fleet fishery was bankrupted by FEDGovt. restrictions, and bought up by foreign nationals whereby they could processed more cheaply
in offshore fishing processing fleets, or, processed on the foreign shores, and then shipped to the U.S.
NOAA ,under the "Catch Share" program, implemented Lubchenko's scheme to bankrupt American commercial fisheries, and subsequent "shares" were sold to foreign nationals.
It is said that 95% of Snow crab legs caught in U.S. waters are "shares" owned by the Chinese, and processed in offshore fleets which are at sea for 3 months each,
and then turned around and sold in American markets as 'American Wild' even though the 'shares' are owned by Chinese, processed offshore by Chinese fleets.
I knew a knowledgeable Freeper could explain things to me. Just doesn’t seem right.
And why do we import beef from South America?