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