With tariffs Trump is destroying dollar and U.S. power, Hugo Salinas Price says

With tariffs Trump is destroying dollar and U.S. power, Hugo Salinas Price says by Chris Powell for GATA

Dear Friend of GATA and Gold:

In a nine-minute video posted this week at YouTube, Hugo Salinas Price of the Mexican Civic Association for Silver argues that President Trump, by imposing or threatening to impose tariffs on the world, including his country’s own allies, is destroying the U.S. dollar’s function as the world reserve currency, from which the United States draws most of its international power and influence.

Because of the dollar’s function as the world reserve currency, Salinas Price notes, the United States gets real goods from around the world for free. But, he adds, tariffs will undo that arrangement, since the cost of tariffs will be borne by U.S. residents themselves.

The video is headlined “Hugo Salinas Price Comments on President Trump’s Tariff Policy” and it’s posted at YouTube here:

US gets lots of stuff for free

Video Source

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Chris Powell

The Gold Anti-Trust Action Committee was organized in the fall of 1998 to expose, oppose, and litigate against collusion to control the price and supply of gold and related financial instruments. The committee arose from essays by Bill Murphy, a financial commentator on the Internet (LeMetropoleCafe.com), and by Chris Powell, a newspaper editor in Connecticut. Murphy's essays reported evidence of collusion among financial institutions to suppress the price of gold. Powell, whose newspaper had been involved in antitrust litigation, replied with an essay proposing that gold mining and investor interests should act on Murphy's essays by bringing antitrust lawsuits against financial institutions involved in the collusion against gold. The response to these essays was so favorable that the committee was formed and formally incorporated in Delaware in January 1999. Murphy became chairman and Powell secretary and treasurer.