UN's law of the sea caper. (Insider Report).

"A group of ocean mappers at the University of New Brunswick is redrawing the world's oceans under new rules set by the United Nations, divvying up trillions of dollars worth of natural resources in huge chunks of the sea floor," according to a January 29th CBC report. "Countries have six years to make the case for where their boundaries should be, creating what UNB mapper David Monahan calls the largest land grab in human history."

The sea floor is home to one-fifth of the world's oil and gas reserves, vast mineral wealth, and a bounty of other resources (such as frozen methane) presently unexploitable. The UN Law of the Sea Treaty (LOST), notes Aaron Danzig, former chairman of the Law of the Sea Committee of the World Peace Through Law Center, "was prompted in part by the discovery that vast riches of manganese, cobalt, nickel and copper lie in the seabed. It was thought that the profit from mining these resources could be used to improve the lot of underdeveloped countries."

To facilitate this immense exercise in Marxist plunder and redistribution, LOST would designate the material wealth of the seas "the common heritage of mankind." Section 11 of the document would create a world collective called the "Enterprise" through which companies involved in seabed mining would be compelled to share both profits and technology with developing nations.

The treaty itself, which has gone into effect without U.S. Senate ratification, represents an unprecedented act of territorial aggression by the UN. "I think of it as the world ocean being divided up by this treaty, that's two thirds of the world surface," comments Monahan.