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President-elect Donald Trump put out a strong statement last night on the Panama Canal and the control of this vital asset by foreign entities hostile to the United States.

As someone who has conducted business in Panama for years, trading with financial institutions in Panama City, I can testify the Panamanian people would be happy with this strategic waterway being returned to US control.

The country even uses the USD as its currency.

We have reported on China's Panama Canal nefarious activity for some time via our military channel - ArmedForces.press.

The water levels have been manipulated to decrease traffic, and as the President says, the fees are ridiculous to impact American interests in a negative manner.

Trump's statement is below:

The Panama Canal is considered a VITAL National Asset for the United States, due to its critical role to America’s Economy and National Security. A secure Panama Canal is crucial for U.S. Commerce, and rapid deployment of the Navy, from the Atlantic to the Pacific, and drastically cuts shipping times to U.S. ports.

The United States is the Number One user of the Canal, with over 70 percent of all transits heading to, or from, U.S. ports. Considered one of the Wonders of the Modern World, the Panama Canal opened for business 110 years ago, and was built at HUGE cost to the United States in lives and treasure - 38,000 American men died from infected mosquitos in the jungles during construction.

Teddy Roosevelt was President of the United States at the time of its building, and understood the strength of Naval Power and Trade. When President Jimmy Carter foolishly gave it away, for One Dollar, during his term in Office, it was solely for Panama to manage, not China, or anyone else.

It was likewise not given for Panama to charge the United States, its Navy, and corporations, doing business within our Country, exorbitant prices and rates of passage. Our Navy and Commerce have been treated in a very unfair and injudicious way.

The fees being charged by Panama are ridiculous, especially knowing the extraordinary generosity that has been bestowed to Panama by the U.S. This complete “rip-off” of our Country will immediately stop…

….The United States has a vested interest in the secure, efficient, and reliable operation of the Panama Canal, and that was always understood. We would and will NEVER let it fall into the wrong hands! It was not given for the benefit of others, but merely as a token of cooperation with us and Panama.

If the principles, both moral and legal, of this magnanimous gesture of giving are not followed, then we will demand that the Panama Canal be returned to us, in full, and without question. To the Officials of Panama, please be guided accordingly!.

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