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November 3, 2009
Exclusive: FSM Interviews Dr. Jerome Corsi, Author of ‘America for Sale’
In America">America for Sale: Fighting the New World Order, Surviving a Global Depression and Preserving USA Sovereignty, the latest bestseller by author and senior staff reporter for World Net Daily, Dr. Jerome Corsi expertly outlines the downward spiral America has taken away from her capitalist roots and down the path to dark socialism. Dr. Corsi recently sat down with Family Security Matters’ Renee Taylor:
FAMILY SECURITY MATTERS: In chapter 10, you have a section titled "Presidential Power Grabs," which outlines President Bush's signing of an executive order granting near-dictatorial powers in the case of national emergency. Recently, President Obama declared a national emergency regarding the H1N1 flu virus. Do you think, given the administration's determination to push nationalized health care, among other things, he may take the opportunity to seize upon other powers noted in the order signed by President Bush?
DR. JEROME CORSI: Of course, any death is tragic and this flu seems to be hitting children and those with respiratory illness more severely. But 1,000 people is still a minimal number of deaths in a country with over 300 million people. There are something like 40,000 deaths a year on the highways, but we don’t declare a national emergency on the highways. So, I’m waiting to see what the rationale and purpose is and how President Obama carries them out, what the justification is. I am always suspicious, whether it is a Republican or Democrat president, of any exertion of emergency powers. Our Founding Fathers were suspicious of it; they were suspicious of King George III. They could have written emergency powers into the Constitution, but they did not do so. All these powers are granted by executive order by the White House itself over the years. I don’t have conclusive proof yet what the Obama White House is intending to do, but I’m watching it very carefully.
FSM: In chapter 4, you discuss the effects of exporting of jobs overseas and illegal immigration in the name of cheap labor on our American job market, as well as the Mexican Truck Pilot Program. As more and more jobs are either exported or taken by low-paid migrant workers, what do you suggest the average American worker - the truck driver, the customer service representative, the restaurant worker and such – do to preserve his future?
DR. CORSI: This is, again, a real tragedy. The globalist agenda that I point out in that chapter is a race to the bottom in wages. And so, I don’t think the American middle class is aware of it yet, but is becoming aware of it, that the USA became a great country by building the strongest middle class at the end of WWII. That was not accidental. It goes back to the labor movement of the ‘20s and ‘30s, which was certainly justified at that era, when demand of labor be part of the capital equation and labor be paid for. We forget that principle and allow corporations to seek a “global” workforce, whether it’s illegal immigrants or different jobs to China or India, which is undercutting the American middle class. What the middle class has to do is fight back and say “no,” to demand that employees in the United States be legally qualified to be employed, that we enforce our immigration laws which we do not do and we have to demand in foreign trade agreements that these anti-dumping provisions which used to be traditional in all free-trade agreements be re-imposed. A comparative advantage can’t be a country subsidizing its currency, exploiting labor and producing defective goods. Meanwhile, we allow that country to ship their goods into the United States, dumping into our markets goods that will undercut the U.S. workers and their goods. It will not produce quality middle class workers in those countries, either. It is predicated on exploiting their labor. We have to resist this. We have to understand for the cheap price of sneakers and electronics; we cannot be undercutting the American middle class, which is the engine that drives the world economy anyway. To un-employ the American middle class and reduce its standard of living is globalism. It is suicidal even for globalism because globalism depends upon the American consumer to fuel global profit. We have to do things like enforce our immigration laws and the anti-dumping provisions.
FSM: You note in your book that the current economic situation is not new, but has gained momentum in the past few years. At what point did we begin the downward spiral into socialism? Did it begin with The New Deal or at some point earlier or later?
DR. CORSI: Certainly, the New Deal was a major turning point. It was the determination that we were going to pay generous social welfare benefits that government funded to American citizens. Now, limited social welfare benefits were considered a safety net in nature. Our reasonable Social Security was meant to be a paid-in system. You then received your benefits back that you paid in. But as we developed an expansion of social welfare programs in Great Society under Lyndon Johnson and since then, we have had wildly out-of-control spending programs that have entitlements that are almost unlimited liability with no way to fund them. I point out that a bumblebee being 10 times bigger than its normal size will not fly. So when we’re now running trillion dollar deficits and have negative unfunded liability, the net worth of the United States is negative net worth in something like $65.5 trillion. The former head of the Government Accountability Office, David Walker, has been going on an accountability tour, a wake-up tour, saying this is a fiscal cancer, we cannot continue to support these generous social welfare programs, no matter how well intentioned they are. We’re bankrupt by them. The only way they could ever be paid is if we monetize the dollar. That is the reality. That is the only way to pay them.
So, Americans have to face the reality that, as nice as it is that we can provide benefits like universal health care insurance and the others, why don’t we just send everyone a million dollars? There can be no limit to our generosity. The only limit to our generosity is our ability to pay for it. What I’m saying is that we have to realize that these entitlement programs are of a magnitude that they are bankrupting the United States and causing the currency to become debased, so they have to be scaled back. It’ll either be done by getting in a Congress ready to toe the line or will be forced on it, as the dollar will be devalued and we will not be able to borrow the money we need in international markets to subsidize the deficits and we will see a dramatic weakness in the economic strength of the United States. One way or another, the reality is going to hit America – in that we cannot afford these social welfare programs at this magnitude.
FSM: What are your thoughts on our elected officials and their willingness to sell our nation out to China, the Middle East and others? As more and more foreign countries buy into our banks and other businesses, do you believe Americans will be subjected more and more to such practices as Sharia Law?
DR. CORSI: These are the kinds of concerns I raise in the book. Long term, when people invest, they expect to have a say in the direction of the business. It is hard imagine that Sharia Law would not be introduced in time. The same can be said with China. China, as I point out in the book, is demanding that they have some equity for their debt. China is saying things like these public/private partnerships – why don’t we manage some ports or highways? If China were to do that, what assurance do we have that China wouldn’t be pursuing those goals with China’s own national security interests in mind, not ours?
U.S. politicians seem to be happy to enrich themselves with funds from (such entities). I point again to Goldman-Sachs funding both Republican and Democrat candidates in 2008, John McCain and Barack Obama. Henry Paulson, of course, made millions of dollars at Goldman-Sachs making trade missions to China, then as Secretary of the Treasury, kept doing the same. The globalists don’t intend to lose. George Soros, who I point out in the book is one of the globalists, again funded both candidates, although Barack Obama much heavier than John McCain. These globalists are going to cash in. The losers are the American middle class. The politicians in Washington seem happy to collect campaign contributions from the globalists and turn a blind eye to the middle class who put them in office. If this continues, the first reaction we will have in 2010, I’m predicting the Democrats are going to have a massive bloodbath and will lose control of the House. If the Democrats don’t understand this, they’ll lose the presidency, the House and the Senate in 2012. And if the American people get Republicans in and the Republicans don’t listen to them, the American people will throw them out, too.
What is happening is that neither party is listening to the American people right now. I think you are seeing this is the greatest opportunity for independent and third party candidates to make a big impact and we’ll begin to see this in elections like the New York 23rd District. It just proved one of the points I make in the book. Americans are losing interest in both Democrats and Republicans alike.
FSM: You have an excellent chapter discussing our dependency on foreign oil. We have been at war with Islamic nations for nearly nine years and continue to purchase oil from other Islamic nations that we know are funding the very enemy our soldiers are fighting. What is your opinion on our elected officials' continued blocking of domestic drilling, preferring, it seems, to do business with and build the coffers of our enemies?
DR. CORSI: it makes no sense at all. We are also sending out the door hundreds of billions of dollars of what ends up foreign exchange reserve in the hands of the Middle Eastern oil producing countries, and also Mexico, Canada and Venezuela. We’re importing oil from all three. Hugo Chávez is no friend of the United States. I’ve been telling people that oil is not dinosaur soup; it has nothing to do with biological origins. We will find extensive oil in deep levels. Now you have Brazil who is finding oil off the coast in the Atlantic and is poised to be in the position of the Saudi Arabia of the Western Hemisphere. Barack Obama is sitting on a vote in Congress that opened up off-shore drilling, refusing to allow those leases to be granted and this again is suicidal. We could be producing our own oil. We may not be able to go to complete independence. But you don’t have to do that. You just have to go step-by-step.
Let’s say that we set a goal. We have 60 percent dependence on oil from foreign nations. Let’s get it down to 55 percent. Let’s get it down to 50 percent. Let’s at least move in the right direction. That is, I think, the key issue, and I am arguing that we have abundant natural gas and oil resources within the continental United States, including Alaska. I point out that the earth’s natural gas reserve, which the Department of Energy validates, is 100 years of natural gas within the United States. Why don’t we develop more nuclear power like France does? I also point this out in the book. There is no reason why a dependence on foreign oil should jeopardize our international balance of trade position to the detriment of the dollar. And that is what we are doing, besides supporting many countries that are not necessarily our friends.
FSM: Is there anything you would like to share with our Family Security Matters readers that we have not covered?
DR. CORSI: There is this plan to destroy the dollar. Robert Mundell, the father of the euro, is advising China. China wants this international monetary fund with special drawing rights to be used in international trade as a dollar alternative. And President Obama agreed to that with support of the plan at the G-20 meeting in London in April. The whole issue there is one where we are facing the United States Government under President Obama funding a competitor to the dollar, which is, in Robert Mundell’s view, the long-term death of the dollar. Mundell wants us to move to one world currency so they are not nation-state based. I think the readers need to know that President Obama knows the deficits are going to debase the currency and rather than defend the dollar, regardless of what the administration says, the Obama administration is going right along with the plan to ultimately destroy the dollar.
FSM: Thank you for taking time out of your busy schedule to speak with us.
DR. CORSI: My pleasure.
America for Sale is available through Amazon.com and other major retailers.
Brought to you by the editors and research staff of FamilySecurityMatters.org.
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