DOLLAR’S DAYS APPEAR NUMBERED: Economists See Writing On the Wall for the Greenback (guest in Pacific Time)
In this, the week following the latest G20 summit in Pittsburgh, the world’s financial-report chatter is dishearteningly harmonious:
“The dollar fell against most major currencies on Thursday, as investors shifted funds from the greenback . . . ” Reuters.
“The sun is setting on the U.S. dollar, as the ultra-loose monetary policy of the Federal Reserve forces . . . the vibrant economies of the emerging world to forge a new global currency . . . ” London Telegraph.
“The dollar has taken a renewed pounding over the last two weeks. The big question is, how low the dollar will go . . . ” LA Times.
And the list goes on and on.
Simultaneously, the reports for gold are likewise in unison, saying its meteoric rise is neither a bubble, nor a knee-jerk investment reaction, with some experts still predicting gold to breach the $2,000-an-ounce ceiling.
Right in the thick of it, and available for interviews to provide a realistic and layman-clear evaluation of these reports, is Swiss America CEO, Craig R. Smith. While he couldn’t agree more with the chorus of economist blues right now regarding the dollar—and their subsequent support for an investment-shift to precious metals—he says there is still a way to dig out of the hole.
The question is: Do we have the leadership we need in Washington, or the American household?
“Our government has sacrificed the buying power of the dollar to pay for their trillions in spending,” says Smith, knowing this scenario will try the resolve of working families. “The only way to come back from the brink is inflation. It is the only (solution) that is politically expedient. (But) inflation translates into a shrinking of the value of our time, labor and lifestyle. Bottom line, Americans must work harder and longer just to maintain a fraction of their buying power.”
For a longer, closer look inside the pain and the prospects of the current economic stress test being put to your audience these days, call Special Guests to arrange an interview with Craig R. Smith. Though it will undoubtedly be sobering, there are solutions that can be inspiring.
In fact, as a guest on your show, Smith will offer your audience members, FREE, Swiss America’s latest Special Report, The Incredible Shrinking Dollar: How to Fight Back, just by calling 800-289-2646.
ABOUT YOUR EXPERT GUEST CRAIG R. SMITH
Craig R. Smith is an author, commentator and popular media guest because he instantly engages audiences with his common-sense analyses of local, national and global trends. Serving as CEO of Swiss America for over 25 years, Craig understands that Americans want solid answers to the tough questions and that real leadership begins with servanthood. Craig's most recent book is Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil, which he co-authored with author Dr. Jerome R. Corsi.