In August 1986, I was given a unique opportunity to participate in a United States Geological Survey and U.S. Navy joint scientific expedition to explore undersea volcanoes in an area off the coast of California known as Gorda Ridge. The Navy Deep Submergence Vehicle “Sea Cliff” was used to bring scientists down to the maw of the volcano itself where they sampled its outflow and the surrounding soils. The expedition’s purposes were many, but its geological findings would prompt a huge effort to exercise greed on a planetary scale and propel their new owner to global power overnight.

GOLD … a magical notion across the globe, and its discovery in the mud of the seabed was electric. Not just gold, but also silver, platinum and a host of other precious minerals by the shipload were now known to be continuously spewed by undersea volcanoes, accumulating for hundreds of millennia, if not millions of years. Though it was just this one little volcano that was explored, we know with certainty that there are thousands upon thousands of such volcanoes under the ocean. To imagine the scope of this find you would need to imagine the value of all of the earth’s riches mined since the beginning of time and then more than double it. Because we can safely predict that precious minerals are distributed in roughly the same proportions as our species has found on dry land, it is a given that these gigantic potential rewards will spawn the technology needed to get at them.

U.S. Navy’s Sea Cliff aboard the MV Transquest in August 1986.

Even given the difficulty of conducting mining operations at depth, the potential for a multi-trillion-dollar industry boggles the imagination – and that is using the most conservative valuation – but that is what we found floating around on that converted cargo barge named the Transquest. It was by leaps and bounds the single biggest pirate’s treasure ever found in history and, like all vast treasures, it would bring out the pirates of all stripes. Surprisingly, it remains to this day a virtual footnote to history unlike the comparatively insignificant riches found by Mel Fisher in the wreck of the Atocha.

The U.N. Sea Treaty – aka “Law Of the Sea Treaty,” or LOST – is the political vehicle to endow the United Nations with more power than any other combination of first-class powers on earth. This is because the scope of the treaty gives title to the riches of 70 percent of the entire planet to the U.N. in perpetuity and without oversight of any meaningful sort.

Back in 1986, we had not yet had the practical instructor of hard experience to school us in the sobering realities of U.N. governance and the myriad opportunities for misappropriation. The U.N. “Oil for Food” scandal is just a taste of what lies ahead. There is no appropriate or effective means of ensuring an honest accounting of the U.N.’s stewardship, as the lack of any definitive results from the ongoing investigation has clearly demonstrated. There still is nothing requiring personal accountability of the U.N. leadership as demonstrated by the “Oil for Food” scandal – and that was from handling mere billions stretched over a decade, not sums tens of thousands of times greater stretching over an infinite future.

The U.N. has been a toothless organization because it does not have any inherent economic means under its control and it has survived on handouts since its inception. Because of this, the oversight of how those relatively nominal sums have been handled has been historically lax, and the de facto U.N. ethical code gradually has become that of the Third World, where graft and corruption are an inescapable fact of life. We have now had ample clear experience with Iraq’s oil revenues demonstrating that there is no practical and effective oversight. Neither is there any observable effective means for redress concerning malfeasance of the U.N.’s leadership.

It would clearly be stupidly irresponsible to place control of the riches of the planet in the U.N.’s hands. Therefore, any reassuring noises made toward increasing the transparency of the U.N.’s fiscal governance must currently be regarded for what they actually are: the sly and empty promises of a kleptomaniac not to reach into the biggest cookie jar on earth.

Clearly understanding what we are dealing with and then using a little common sense is what is called for.

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Tom Marzullo is a physicist, educator, former Special Forces soldier and a veteran of submarine special operations. He has provided testimony to the U.S. Senate on military and intelligence issues of international importance. He also pioneered the use of the Internet as a viable alternative to conventional media while exposing a deliberately manufactured international smear attempted by CNN and TIME in 1998 as acknowledged by WorldNetDaily, Forbes and in academia.

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