You are here

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

Section: Daily Dispatches

11:45a ET Wednesday, June 12, 2019

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

https://www.youtube.com/watch?v=YATFB5RfwHI

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



ADVERTISEMENT

The Safest and Most Efficient Way to Own
Gold and Silver in the United Kingdom

GoldCore's mission statement since 2003 has been to protect and grow the wealth of our clients, and given the growing risks in the United Kingdom and internationally, we have put together for clients who are tax-resident in the United Kingdom an exclusive gold and silver offer free of capital gains tax.

On all lump-sum and pension investments worth more than GBP 10,000 in gold and or silver (capital gains tax-free gold and silver Britannias and gold Sovereigns) stored in Zurich you will benefit from free secure storage for six months. We also will send you one British legal-tender silver bullion coin, a beautiful 1-ounce silver Britannia.

Please visit GoldCore here for more information about this offer:

https://tinyurl.com/y5jq2pl7

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at info@goldcore.com or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at:

http://www.goldcore.com



Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16