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THE INCREDIBLE SHRINKING DOLLAR: America on Sale to the World at 40% Discount
Swiss America CEO Craig R. Smith is conducting talk show interviews to discuss the shrinking U.S. dollar, currently sits at record lows against the Euro and other currencies.
“The days of buying three pair of white socks for a dollar is over,” says Craig Smith. “The U.S. dollar has now lost over 40% of its buying power and losing more daily.”
Smith added, “And this is under a ‘strong dollar’ policy from the White House! Can you image what the next four years hold in store for the debt-burdened dollar?”
Smith does admit that a lower dollar has some benefits, such as lowering the trade deficit and increasing U.S. manufacturing competitiveness abroad.
“Investors are voting with their feet, moving in droves out of U.S. dollars and into foreign currencies and gold. And the $64,000 question is, “What will happen if the enormous world oil market shifts from the dollar to the euro? The Middle East oil barons no longer accepting U.S. dollars for oil? Unthinkable!... “Think again,” warns Smith.
ABOUT CRAIG SMITH…
Craig R. Smith is the president and CEO of Swiss America Trading Corporation, one of the largest and most respected investment-grade U.S. gold and silver coin firms in the nation since 1982. He’s been featured frequently on Fox News Channel, CNBC, MSNBC and CNN, predicting today’s $80 oil and $800 gold. To view his many, many interviews that made these amazingly accurate predictions, go to: http://www.CraigRSmith.com
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