The Alarming Decline of The AMERICAN MERCHANT FLEET - Eugene M Walter - November 1969

Eugene M Walter

WHY is the U. S. merchant fleet deteriorating at such an alarming rate? Why while the USSR is fast becoming the world's No. 1 sea power? Where is this ominous trend leading? What does it portend for America's future - and for your personal way of life? The security of America is at stake. President Nixon is alarmed. The reason: the American merchant marine is faltering. Ships flying the American flag carry but a paltry six percent of the U. S. import-export trade! Even more alarmingly, 66 of the 76 raw materials recognized as strategic must be imported by the U.S. from overseas areas. Only four percent of the total volume of these strategic materials arrive at American ports in American ships. Ninety-six percent arrive in ships flying flags of other nations! These facts are shocking - frightening! Not only is America dependent on foreign nations for raw materials, but we are even dependent on the ships of other nations to bring these critical resources to our shores. - Information Supplied By: Herbert W Armstrong Library