According to an article at Breitbart, Obama may have opened the door to a "farm give-a-way" where the infrastructure of our nation is concerned. The text the Obama administration placed in the TPP, a trade agreement between the US and 11 other nations, reversed policies the US had included in every agreement of this type that would prevent "foreign takeover of the nation's infrastructure," claims Curtis Ellis, adding the deal threatens US national security.
Previous U.S. trade pacts stated in no uncertain terms that the national security interests of the United States are determined solely by the U.S. government and supersede any provisions of the pacts.
But the Trans-Pacific Partnership agreement reverses this precedent. As a result, other countries could claim our national security interests violate the T.P.P. agreement and force the U.S. to pay billions of dollars in damages.
Ellis adds that Chapter 11 in the more than 5,000 page document provides an avenue for foreign investors to acquire "US land, businesses, natural resources and investments.
How they would do that is contained in the TPP. Chapter 28 and 29 allow foreign investors to bypass Congress, sue the US through an international panel, "known as an investor-state dispute tribunal, if they feel America violates their 'rights'" under the trade agreement, Ellis explains.
TPP, like the Oman pact, gives foreign investors special rights to own and operate U.S. businesses and an option to sue if they feel their rights are violated. He adds that the public outcry in 2006 blocked the sale.
In other words, if the US invokes national security, no foreign entity such as a foreign trade tribunal could overrule it.
The result is concerning. Any company that operates in any of the TPP nations could potentially drag the United States into an "extrajudicial foreign tribunal and demand taxpayer compensation if our government prevented it from buying a crucial American asset based on national security grounds," Ellis explained.
By relinquishing their duty, the entire Senate committed a betrayal of the people and treason against this nation. For, the Sultan of Brunei, who outlawed Christmas in his nation, could procure vast swaths of US territory, buy up plenty of natural resources, and implement Sharia law. And, there's nothing anyone can do about it.
The US is up for grabs to the highest bidder, which is a scenario envisioned by many, with this treaty under Obama and a complicit Congress.