Editor’s Note: The following report is excerpted from Jerome Corsi’s Red Alert, the premium online newsletter published by the current No. 1 best-selling author, WND staff writer and columnist. Subscriptions are $99 a year or $9.95 per month for credit card users. Annual subscribers will receive a free autographed copy of “The Obama Nation,” the blueprint for Obama’s first term in office.
Amid an economic storm, there is good news for opponents of North American integration under the Security and Prosperity Partnership of North America, or SPP, Jerome Corsi’s Red Alert reports.
As the U.S. and global economy slows, the volume of freight being moved internationally over “intermodal” ship-train-truck connections is also slowing. This is reducing the immediate pressure to reconfigure the U.S. transportations system into a global network for moving containers.
“Still, the pressure to reconfigure the U.S. into NAFTA Superhighway container-moving structures should be expected to resume, perhaps even as a stimulus to jump start now lagging global ‘free trade,'” Corsi writes.
Freight traffic on U.S. railroads in December appears to be dropping almost as low as the record 10 percent plunge that occurred in November. Intermodal container volume is also down nearly 10 percent from last year, reflecting the overall decline in global trade.
While the U.S. railroad industry appears to have enough capital to weather even a strong recession, Corsi notes, its trucking industry is entering 2009 in a weakened state. It was plagued by high gas prices in the early part of 2008, only to experience a significant dip in truck freight demand beginning in September, even as gas prices eased.
“Even Texas’ Gov. Rick Perry is receiving increased opposition over the Trans-Texas Corridor,” he writes. “The TTC-35 project to build a new four-football-fields wide truck/train/automobile/pipeline toll road parallel to Interstate 35 is facing mounting opposition.”
WND has reported that in 2007, Perry vetoed multiple pieces of legislation passed by the Texas legislature to block TTC projects, including one bill that would have placed a two-year moratorium on TTC-35 construction.
Now Red Alert’s author, whose books “The Obama Nation” and “Unfit for Command” have topped the New York Times best-sellers list, reports a growing number of Texas legislators are pushing for a TTC suspension
Red Alert’s Jerome Corsi received his Ph.D. from Harvard University in political science in 1972. For nearly 25 years beginning in 1981, he worked with banks throughout the United States and around the world to develop financial services marketing companies to assist banks in establishing broker/dealers and insurance subsidiaries to provide financial planning products and services to their retail customers. In this career, Corsi developed three different third-party financial services marketing firms that reached gross sales levels of $1 billion in annuities and equal volume in mutual funds. In 1999, he began developing Internet-based financial marketing firms, also adapted to work in conjunction with banks.
In his 25-year financial services career, Corsi has been a noted financial services speaker and writer, publishing three books and numerous articles in professional financial services journals and magazines.
For more on the future of the NAFTA superhighway and for financial guidance during difficult times, read Jerome Corsi’s Red Alert, the premium, online intelligence news source by the WND staff writer, columnist and author of the New York Times No. 1 best-seller, “The Obama Nation.”
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